Nigeria: Probe Mounir Gwarzo over N104m severance package – CACOL petitions Dogara

A civil society group, the Centre for Anti-Corruption and Open Leadership (CACOL), has petitioned the Speaker of the House of Representatives, Yakubu Dogara, demanding the probe of the Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo.

It had reported that Gwarzo allegedly collected a severance package of N104 million from SEC shortly after he was named its director-general in 2015.

He allegedly paid himself the said sum as an entitlement for being executive commissioner for two-and-a-half years.

In a letter by Debo Adeniran, CACOL executive chairman, the group described Gwarzo’s act as a “total disregard for the standing rule in the civil service”.

The group said “severance benefit can only be paid to an employee who has concluded his or her service and has completely disengaged from service and not to an employee who has been promoted within the commission as is in the case of Mr Gwarzo”.

CACOL also asked the House of Representatives to probe the companies, which he allegedly used in carrying out various transactions.

“We make bold to say that the personal interest of Mr Gwarzo in the above listed companies clearly contravenes the provisions of Nigerian law which distinctively prohibits public officers from putting themselves in situations where their personal interest conflicts with their public duties,” the letter read.

“It is in view of our commitment to the fight against corruption that we present the perceived official excesses and acts of corruption perpetrated by Mr Mournir Haliru Gwarzo before you.

“It is in view of these noted discrepancies that we urge you to institute a committee to beam searchlights on the activities of Mr Mournir Haliru Gwarzo’s as the Director General of the Securities and Exchange Commission.”