SEC DG suspension: Civil servants tackle Reps

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Association of Senior Civil Servants of Nigeria (ASCSN), on Wednesday rose against calls for the reinstatement of suspended Director General of Securities and Exchange Commission (SEC), Mr Mounir Gwarzo.
Gwarzo was suspended by Minister of Finance over several allegations bothering on financial impropriety.
On Tuesday, members of House of Representatives said they have commenced investigations into the allegations against Gwarzo and asked Adeosun to reinstate him in the meanwhile.
But speaking in Abuja, Comrade Isaac Ojemhenke, ACA who spoke on behalf of General Secretary, Association of Senior Civil Servants of Nigeria (ASCSN) said “the union rejected in its entirety the attempt being made in some quarters to restore Mr. Gwarzo back to office.”
According to him, with the Capital Market, being very sensitive and thriving on integrity it is extremely important that Gwarzo clears his name from the allegations for the purpose of integrity.
“The Association is in full support of the suspension of Mr. Gwarzo, SEC DG on the allegations of corruption. This is important to enable the administrative panel of inquiry investigate and determine the culpability of Mr. Gwarzo and his cohorts.
“The sponsored report about OandO Plc Forensic Audit being responsible for Mr. Gwarzo’s suspension is deliberate and diversionary tactic to divert the public attention away from the weighty allegations bothering on corruption.
“The corruption allegation against Mr. Gwarzo should be treated on its merit without any intermingling with any alleged interference with the supervising ministry.”
ASCSN alleged that Gwarzo had fought the labour union in SEC and did everything possible to obliterate the union to enable him have free chance, without any checks for the past two years.
“The jubilation in the Commission that greeted the announcement of Mr. Gwarzo’s suspension was more than the one in Zimbabwe when Mugabe was removed from power.
“The issue of Mr. Gwarzo’s suspension from office is very clear as it bothers on serious breach of the rules governing parastatals of government. The attempt being made to change the narrative by bringing in the issue of forensic audit of OandO is neither here nor there. The right thing has been done by the Government and we support the action taken.
They then appealed to President Muhammadu Buhari to as a matter of urgency constitute the Board of the Securities and Exchange Commission.

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