A human rights lawyer and Senior Advocate of Nigeria (SAN), Mr. Festus Keyamo, has urged the federal government and the administrative panel of inquiry, investigating the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, to make the probe report public.


In a letter addressed to the panel and made available to Akelicious, the human rights lawyer recalled that he had earlier on December 5, 2017 written the panel requesting a thorough investigation into the activities of the erstwhile Director-General of the SEC.

Keyamo stated that in the previous letter, he had wanted to know if the suspended DG of SEC paid to himself the sum of N104,851,154.94 as ‘severance benefits’ for his elevation from Executive Commissioner of SEC to DG of SEC, despite not having completed his tenure as Executive Commissioner in contravention of Section 1 of the Code of Conduct for Public Officers set out in the Constitution of the Federal Republic of Nigeria and Section 19 of the Corrupt Practices and Other Related Offences Act?

According to him, another question he raised is: “Did the suspended DG of SEC award contracts to companies like Outbound Investment Limited, Northwind Environmental Services and Micro-Technologies Nigeria Limited in which he and his cronies are both directors and shareholders in contravention of Section 1 of the Code of Conduct for Public Officers set out in the 5th Schedule of the Constitution of the Federal Republic of Nigeria, Section 101 of the Criminal Code Act Cap C38 Laws of the Federation and Section 19 of the Corrupt Practices and Other Related Offences Act?

“Did the suspended DG of SEC divert for his personal use the vehicles belonging to the Securities and Exchange Commission despite receiving the sum of N84,388,886.00 as monetised car grant/allowance for four cars in contravention of Section 1 of the Code of Conduct for Public Officers set out in the Constitution of the Federal Republic of Nigeria and Section 19 of the Corrupt Practices and Other Related Offences Act?,” Keyamo also asked.

He said it was disheartening that several weeks after the panel was established, Nigerians who have been patiently expectant, are yet to be informed of the report of the Investigation or indeed the progress of the said Inquiry.

“I had expected that the investigation will be swift and thorough as the issues raised touch on the twin evils of corruption and impunity. Despite the inordinate delay, I am still confident that the investigations have not been compromised.

I am by this letter kindly requesting that the Investigation Report be made public irrespective of whose ox is gored as this would help correct the perception that the anti-corruption crusade has been bedeviled by politics and ethnicity. Nigerians deserve to know the truth and the falsehoods in the allegations and counter-allegations that have characterised the investigations into the activities of the DG of SEC and Oando Plc,” Keyamo explained.

Keyamo also sent copies of the letter to the Minister of Finance, Acting Chairman of Economic and Financial Crimes Commission (EFCC) and the Chairman of Independent Corrupt Practices and Other Related Offence Commission.

http://www.akelicious.com/2018/01/keyamo-wants-report-on-dg-sec-to-be.html