SEC: CACOL petitions presidency, EFCC

SEC-Security and Exchange Commission-is under scrutiny due to an ongoing investigation by the Economic and Financial Crimes Commission, EFCC. This followed a Presidential Directive to the commission based on petitions against Mournir Gwazo. Gwazo was accused by a Human Rights group, Centre for Anti-Corruption and Open Leadership,CACOL, of corruption to the tune of N104 million, a sum he allegedly paid himself as severance package, and award of contracts to firms he has interests in. “On January 2, 2013,” Adeniran wrote, “Mr. Mournir Haliru Gwarzo was appointed an Executive Commissioner in…

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