Tuesday 5 June 2018

Suspended DG of SEC, Mounir Gwarzo, docked for alleged fraud, granted bail




                                                                                  

The suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, was today arraigned on a five-count charge for alleged fraud.
He  was arraigned by the Independent Corrupt Practices and other related offences Commission (ICPC).together with a commissioner at the commission, Zakawanu Garuba.
They were both accused of abuse of office and public trust for diverting over N114 million in June, 2015.
When the charge read they pleaded not guilty
 An  application by barrister Abdulhakeem Mustapha; Gwarzo’s  lawyer ,led the court to grant the defendants  bond of N25 million each.
The conditions also include producing two sureties in like sum who must be civil servants, not less than the rank of deputy directorswho  must be working with the Federal Civil Service and must have landed properties in the federal capital territory.
 Both Mounir Gwarzo,and Zakawanu Garuba were also asked to submit their international passports to the court registrar.
The case was adjoined till June 28.

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