Close Menu
TheSightNewsTheSightNews
  • Home
  • News
  • Business
  • Politics
  • Entertainment
  • Sports
  • World News
  • Interviews
    • Press Release
What's Hot

Nigeria, Kenya Move to Deepen Bilateral Cooperation as New Envoy Presents Credentials

September 19, 2026

Nigeria, Jamaica Seek Stronger Economic, Developmental Ties

September 19, 2026

Nigeria, Morocco Set for Davis Cup World Group II Clash in Rabat

September 18, 2026
Facebook X (Twitter) Instagram
  • About Us
  • Adverts & Enquiries
  • Contact Us
  • Our Services
Facebook X (Twitter) Instagram
TheSightNewsTheSightNews
  • Home
  • News
  • Business
  • Politics
  • Entertainment
  • Sports
  • World News
  • Interviews
    • Press Release
Subscribe
TheSightNewsTheSightNews
Home»Business»Just In: SEC Workers Protest Over Attempt to Reinstate Suspended DG, Gwarzo
Business

Just In: SEC Workers Protest Over Attempt to Reinstate Suspended DG, Gwarzo

TheSightNews .By TheSightNews .June 3, 2019No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Email WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email

It was drama on Monday morning, first day of work in June, as workers of the Securities and Exchange Commission (SEC) shut down offices at the headquarters of the commission in Abuja.

The Sight News gathered that the shut down was in protest over attempts to reinstate the suspended Director General, Mounir Gwarzo.

Recall that the National Industrial Court, Abuja, had on Thursday ordered the immediate reinstatement of Gwarzo to his position.

Gwarzo was indicted for abuse of office and corruption by an administrative panel of inquiry set up by the Federal Ministry of Finance headed by the permanent secretary, Dr. Mahmoud Isa-Dutse.

Justice Sanusi Kado, in his judgment, held that the minister of finance, named as the second defendant in the suit, lacked the power to suspend the claimant.

Justice Kado, who dismissed three issues raised by defence counsel through their preliminary objection, ruled that the suit was not status barred.

Kado further held that the issue in dispute was not about the position of the claimant as SEC DG; the bone of contention was who had the power to suspend him.

The judge stated that the second defendant (minister of finance) did not have the power to suspend the claimant since he was not an employee of the commission.

He said that the minister, in the absence of the board, only had supervisory power, which does not include disciplinary power to suspend the DG.

Kado held that it was only the permanent secretary in the ministry of finance, on the directive of the president, who had the power of suspension.

“The minister’s role was that of recommendation”, he emphasized.

Additionally, he stated that the administrative panel of inquiry that indicted the claimant was not a court of law; neither was it a quasi-judicial body, but just a body set up for a fact-finding duty.

He, therefore, declared that the suspension of the claimant was null, void and of no effect.

Kado, also declared that the recommendation of the administrative panel of inquiry set up by the second defendant, be set aside.

The judge then ordered the reinstatement of the claimant as the DG to complete his five-year tenure.

He further ordered that the claimant’s salaries, allowances and entitlements accrued should be paid to him in full.

The House of Representatives Ad-Hoc Committee which investigated his suspension by the former minister of finance, Kemi Adeosun, also indicted him.

The protesting workers took the action under the umbrella of the Association of Senior Civil Servants of Nigeria.

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Related

Finance Ministry Kemi Adeosun Mounir Gwarzo SEC Workers Protest Gwarzo's reinstatement
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
TheSightNews .
  • Website

Related Posts

PTAD Clears Outstanding BEC Arrears, Disburses ₦9.47bn to 3,958 PHCN Pensioners

September 18, 2026

India Emerges as Major Global Hub for Index Options Trading — BSE Chief

September 16, 2026

International Journalists Join BSE Closing Bell Ceremony in Mumbai 

September 16, 2026

RMAFC Tasks New Officers on Integrity, Accountability in Public Service

September 15, 2026
Add A Comment
Leave A Reply

You must be logged in to post a comment.

Advertisement
Recent Post

Nigeria, Kenya Move to Deepen Bilateral Cooperation as New Envoy Presents Credentials

September 19, 2026

Nigeria, Jamaica Seek Stronger Economic, Developmental Ties

September 19, 2026

Nigeria, Morocco Set for Davis Cup World Group II Clash in Rabat

September 18, 2026

NYSC Charges PROs to Strengthen Strategic Communication, Protect Scheme’s Reputation

September 18, 2026

Nigeria’s Ambassador to Spain Visits Spanish Minister of Agriculture, Fisheries and Food

September 18, 2026
Security

Nigeria, Jamaica Seek Stronger Economic, Developmental Ties

September 19, 2026

Nigeria’s Ambassador to Spain Visits Spanish Minister of Agriculture, Fisheries and Food

September 18, 2026

FG Suspends NSCDC Commandant in Niger State Over Deaths of Suspected Illegal Miners

September 18, 2026

Subscribe to Updates

Get the latest information from The Sight News.Stay Connected

About Us
About Us

Your source for factual information. We pride ourselves in publishing objective news always

We're social. Connect with us:

Facebook X (Twitter) Instagram
Services
  • About Us
  • Adverts & Enquiries
  • Contact Us
  • Our Services
Coverage
  • Donate
  • News

Subscribe to Updates

Get the latest,Factual news from all over Nigeria and the world at large. With us , you are never misinformed

© 2026 The Sight News.
  • Home
  • News
  • Business
  • Politics
  • Entertainment
  • Sports
  • World News
  • Interviews
    • Press Release

Type above and press Enter to search. Press Esc to cancel.