Adeosun Breaks Silence On Gwarzo’s Suspension, Says ‘I Can’t Be Blackmailed’

The Minister of Finance, Mrs Kemi Adeosun, has reiterated that the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo, was suspended over allegations of financial impropriety.

Briefing journalist yesterday in Abuja, the minister said Mr Gwarzo has alleged that his suspension was due to “his refusal to stop the forensic audit of Oando Plc.”

She, however reiterated that the suspension of Mr Gwarzo was based allege abuse of office and not based SEC’s investigation into alleged misfeasance at Oando.

According to the minister, “it should be noted that Gwarzo was queried by the Ministry on 3rd November and he responded on 7th November, 2017,” but that his response was deemed unsatisfactory and further investigation was ordered.

She said, “Based on the evidence from that further work and creditable reports that documents were being unlawfully removed from SEC, as well as consultations with the Economic and Financial Crimes Commission (EFCC), the decision was taken to suspend Mr. Gwarzo.”