Reps to probe Adeosun’s suspension of SEC DG


The House of Representatives, yesterday, resolved to probe all allegations of corruption in the Securities and Exchange Commission (SEC), which led to the suspension of its Director-General, Mounir H. Gwarzo, by the Minister of Finance, Kemi Adeosun, Vanguard reports.

The resolution was sequel to a motion raised under matters of urgent public importance titled, “Need to intervene in the conflict between Minister of Finance and the suspended Director-General, Securities and Exchange Commission”, sponsored by Hon. Diri Douye, representing Yenagoa/Kolokuma/Opokuma of Bayelsa State.

Douye, in the motion canvassed that there were allegations of interference by the Ministry of Finance through the Minister of Finance, Kemi Adeosun in the discharge of responsibilities by SEC, particularly as regards the Oando forensic audit matter, which was speculated to be responsible for Gwarzo’s suspension.

“The intervention by the House will put the matter in proper perspective and foster amicable resolution of the conflict in order to protect the image of the Securities and Exchange Commission in the interest of both local and foreign investors,” he was quoted as saying.