Court Orders Reinstatement of Suspended SEC DG - THISDAYLIVE

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Court Orders Reinstatement of Suspended SEC DG - THISDAYLIVE via thisdaylive

The National Industrial Court, Abuja on Thursday ordered the immediate reinstatement of Mounir Gwarzo, the suspended Director-General of the Securities and Exchange Commission , back to his position.

He held that since there was cause of action in the claimant’s suit, hence he had the right to commence the suit by way of originating summon. He said that the Minister, in the absence of the board, only had supervisory power, which does not include disciplinary power to suspend the DG. He further ordered that the claimant’s salaries, allowances and entitlements accrued be paid to him in full.

He sought for various reliefs from the defendant amongst which was an order of the court reinstating him as the DG of the Commission. NAN further reports that The Independent Corrupt Practices and Other Related Offences Commission had charged Gwarzo with an Executive Commissioner in the commission, Zakawanu Garuba.

 

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