Suspended director-general of the Securities and Exchange Commission, Mounir Gwarzo, is being investigated by the Economic and Financial Crimes Commission.

He has been under investigation since 2005, according to the commission.

EFCC wants to unravel the owners of the nine companies that were awarded contracts by the SEC under Gwarzo.

They include Outbound Investment Limited, Medusa Investments Limited, Northwind Environmental Services, Micro-Technologies Limited, Tida International Limited, Outlook Communications, Acromac Nigeria Limited, Balfort International Investment Limited and Interactiven Worldwide Nigeria Limited.

According to the EFCC, Gwarzo, his wife and other cronies allegedly used these companies to carry out illegal transactions in SEC.

Gwarzo, 30 months old as SEC DG, was suspended by the finance minister over allegations of financial misappropriation.

He replaced Ms. Arunma Oteh, who resigned in January 2015. Gwarzo was then the Commissioner in charge of operations.

Finance Ministry’s Deputy Director of Information, Mrs Patricia Deworitshe in a statement on Wednesday said that the suspension was to allow an unhindered investigation into several allegations of financial impropriety levelled against Gwarzo.

Deworitshes said that Mr Abdulsalam Naif Habu, Head of Media Division, SEC and Mrs Anastasia Braimoh, Head of Legal Department of SEC had also been suspended.

Gwarzo allegedly paid himself N104 million severance package when he was appointed DG SEC from the position of a Director in the same commission.

https://www.okay.ng/efcc-probes-sec-dg-mounir-gwarzo/

Yes, probe him, recover the money and share the loot

Good move but you have to tell us where all the monies and properties recovered are.

Where Lalasticlala na?

The MAIN question is ' WHERE IS THE MONEY BEING RECOVERED'??!

nawa o..i don tire

Zero tolerance to corruption. Sai Baba till 2023

Just imagine our judicial system in this country he is been investigated since 2005 and till now Nothing What a country!Anti corruption wey no dey yield any positive result while the masses are dying of hunger,starvation and all kind of illness.

The case will just die naturally like any other cases. No hope on sai baba govt again.

Hit like if you think you're tired of this probe today probe tomorrow EFCC propaganda of APC.

Forget about the English get the message.

Good move...

Okay.ng? What site is that? Protect yourself against the media and her lies.

http://www.mortalpoet.com/nigerian-media-media-controlling/

FortifiedCity:
Yes, probe him, recover the money and share the loot

Good move

All these men has Aroma of Yams in their mouth. I ate a yam yesterday sef

Can't we just gather this people on one side and do the needful? We are just shouting,,a matter of days,,this issue will be forgotten.. just tired walahi.

Okay

Okay

three:
We dey look!

Why in a government headed by a self styled and 'nationally' proclaimed "Mai Gaskiya" (the truthful one) allegations of corruption must FIRST trail the accused for MONTHS before any action is taken (case in point SGF who up till recently Prof Sagay defended) is nothing short of odoriferous hypocrisy.

Because person lepa no mean sey him no dey chop plenty.

The simple scientific explanation is that the person has a higher than normal metabolism.

Nigerians make una chop your "L" and no try dis kain tin next time! There is too much at stake.

The guy go simply declare for APC

This is what happens in most MDAs. These Chief Executives and Management staff use proxy in executing government contracts in their offices. You hardly get contracts on a sincere basis unless you are connected to the Oga at the top. This is not a new thing I beg. Corruption has finished this country

Efcc just they probe, no solution to those cases that are on ground!



I will design your website today
(0-8-1-3-0-7-6-7-3-5-7)

ok hmm

Recover and Re-loot

What about Lawal Babachir,Baru and other APC bigger thieves

Some people got snow and made countless games of it- a blessing out of a seeming disadvantageous weather.

Some got plenty rainfall and made floods plus bad roads from it - a burden out of a seeming advantageous weather.

You catch my drift?

Our destiny is shaped from our Maker, our situation is shaped from our decisions.

#the AIC ambition

https://www.nairaland.com/4202516/get-more-out-life-future#62845708

If efcc was a person, would have been assassinated long ago

Gwarzo is from the SE....

That is why.

Investigation since 2005,yet Mr integrity appointed him.
Buhari enjoys the company of corrupt people.
We all now know he is not fighting any corruption so he should stop all the pretences and lies and just finish his remaining years the way his incompetence can allow.