An Administrative Panel of Inquiry set up by Minister of Finance, Mrs. Kemi Adeosun, to probe various allegations of financial impropriety against the suspended Director-General of Security and Exchange Commission (SEC), Mr. Munir Gwarzo has recommended his outright dismissal from public service.
The panel, in its report just submitted to the Presidency for transmission to President Muhammadu Buhari also recommended that Gwarzo is referred to the Independent Corrupt Practices Commission (ICPC) for further investigation and prosecution.
He was said to have used his position to influence the award of contracts to Outbound Investments Limited, a company where he had interest in.
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The report, a copy of which was obtained from Presidency sources on Tuesday night also recommended that Gwarzo should refund N104,851,154.94, which was the severance package he approved for himself and received.
The report and recommendations of the API headed by the Permanent Secretary of the Federal Ministry of Finance, Mahmoud Isa-Dutse, and earlier submitted to the Minister of Finance, Kemi Adeosun, noted that the holding of the position of the director-general of SEC as well as a director in two private companies (Medusa Investment Limited and Outbound Investments Limited) was in breach of public service rule 030424, public service rule 030402 and Section 6 of the Investment and Securities Act, ISA 2007.
The SIP further recommended that Gwarzo is discharged on the allegations of the award of contracts to Medusa Investments Limited; award of contracts to other companies as mentioned in paragraph 5.1.1 and to which no relationship with Mr. Mounir H. Gwarzo was sufficiently established.
However, it recommended that the cases of two management officers of the Commission: Mrs. Anastasia Omozele Braimoh and Mr. Abdulsalam Naif H. be referred to SEC for appropriate disciplinary action in line with the provisions of the Staff Manual of SEC.
The Panel advised the Federal Government to re-orientate public servants to the very fact that the Public Service Rules and Financial Regulations are ground norms of every Government Service Contract, be it at the Federal, State or Local Government levels.
It added, “Accordingly, all Government Extra-Ministerial Departments and Agencies should be made to understand that the PSR and FR are superior to whatever specific legislation and domestic arrangements that guide their operations, except when such issues were not covered by any provision of the PSR.”