The National Industrial Court, Abuja, on Thursday ordered the immediate reinstatement of Mounir Gwarzo, the suspended director-general of the Securities and Exchange Commission (SEC), back to his position. Justice Sanusi Kado, in his judgment, held that the minister of finance, named as the second defendant in the suit, lacked the power to suspend the claimant. […]
The National Industrial Court, Abuja, on Thursday fixed Jan. 30, 2019, to hear the counter-claim and other pending applications filed by the Securities and Exchange Commission (SEC) and two other defendants challenging the suit filed by the suspended Director-General of SEC, Mounir Gwarzo. At the resumed hearing, Gwarzo’s counsel, Adetayo Adeyemi, told the court that […]
The Federal Government on Tuesday arraigned the suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, on three count charge of alleged N114million fraud before an Abuja High Court in Maitama. Gwarzo, who was suspended by the Minister of Finance, Mrs Kemi Adeosun, in November 2017 for alleged financial impropriety, was arraigned alongside […]
*As SEC may merge multiple accounts The Nigerian equities market is currently battling with a challenge of how to harmonize multiplication accounts which could either be forfeited by their owners or merged into one single account. According to the Director General Securities and Exchange Commission, (SEC), Mounir Gwarzo, multiple accounts that are similar could be […]