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Labour Rejects Plan To Reinstate Gwarzo As SEC DG

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Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has flayed the plan by the federal government to reinstate the Director-General, Security and Exchange Commission (SEC), Mr. Mounir Gwarzo, currently on suspension for corruption charges, saying such move will further dent the anti-graft war of the present administration.

The labour unions in a press statement issued by the ASCSN State Secretary in charge of the Federal Capital Territory, Comrade Isaac Ojemhenke, made available to journalists posited that feelers from the Presidency indicate that President Muhammadu Buhari is under intense pressure by some members of his inner cabinet to recall the SEC director-general assuring him that even if there is going to be an outcry, it will soon fizzle out just like the case of the Executive Secretary, National Health Insurance Scheme (NHIS), Professor Usman Yusuf, who was reinstated and heavens did not fall.

“But what the cabal does not seem to understand is that the impression being created in the minds of millions of Nigerians with the policy of recalling Chief Executives and other top Government officials enmeshed in financial malpractices is that the war against corruption is a ruse.

“It is necessary to recall that Mr Gwarzo was suspended after a properly constituted Administrative Panel set up by the Finance Minister, Mrs. Kemi Adeosun, found him culpable of financial improprieties,” the union emphasised.

According to the ASCSN, apart from the fact that the SEC Director-General approved and paid himself a humongous sum of ₦105 million as severance benefit while still serving as Director-General of SEC, Mr Gwarzo was also involved in other financial scams such as compelling the Commission to be awarding contracts to companies he still serves as Directors.

It added that this type of action is a gross violation of Public Service Rules, Financial Regulations, and other extant Government guidelines dealing with conducts of public officers.



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