CACOL LAUDS ICPC FOR TAKING ACTION ON SUSPENDED DIRECTOR GENERAL OF SECURITIES AND EXCHANGE COMMISSION, SEC
The Centre for Anti-Corruption and Open Leadership, CACOL, received the news of the arraignment of the suspended Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo with much éclat and relief.
It would be recalled that CACOL, had in a letter dated 4th November, 2017, and signed by its Executive Chairman, Mr. Debo Adeniran, to the Honourable Speaker, Federal House of Representatives, National Assembly, Abuja, pointing out the flagrant abuse of office by the DG of SEC, who reportedly cornered N104,851,154.94 (One Hundred and Four Million, Eight Hundred and Fifty One Thousand, One and Hundred and Fifty Four Naira, Ninety Four Kobo), which he approved to himself as severance benefit while he was still in the service of the Commission.
This, the Executive Chairman, CACOL, Mr. Debo Adeniran noted, is in sync with the core mandate of the organization as it sets out to “promote accountability, openness in governance and using any available means to cause relevant authorities to probe and bring to book, corrupt leaders both in public and private institutions.”
The Director General, Securities and Exchange Commission, Mr. Mournir Haliru Gwarzo was also accused of converting the SEC to his personal estate by appointing companies and individuals with special links to him to carry out transactions and provide services to the Commission with obvious intent at corrupt self-enrichment and diversion of public funds.
The Centre for Anti-Corruption and Open Leadership, CACOL, therefore views this latest action of the ICPC in respect of Mr. Gwarzo as a welcome development just as we insist that the case be prosecuted to its logical conclusion of not only reversal of all the infractions committed during the short brief of Mr. Gwarzo as the DG, Securities and Exchange Commission, SEC; retrieval of all the identifiable funds expropriated, but searchlight must also include conclusion of requisite judicial trial to serve as deterrent and much needed fillip in our nation’s fight against the much dreaded ghost of corruption while we pledge our continuous support and cooperation in our collective search for a more sanitized and corruption-free Nigeria.
Media Coordinator, CACOL