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Mounir Gwarzo Files Charges At The Nigerian Industrial Court For His Reinstatement

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Tuesday, June 05, 2018    08.41AM  / WebTV News 

Following his suspension as the Director General of the Nigerian Securities and Exchange Commission (SEC) by the Minister of Finance, on 27th November 2017, Mounir Haliru Gwarzo has filed charges at the Nigerian Industrial Court against the following parties; 

1.       The Securities & Exchange Commission  [SEC];

2.      Kemi Adeosun (Mrs) (The Honourable Minister of Finance); and

3.      The Attorney General of the Federation
 

He is seeking determination of the following: 

1.  Whether the 2nd defendant has the power(s) to suspend him as Director-General, Securities & Exchange Commission (SEC), whose appointment was by the President of the Federal Republic of Nigeria and confirmed by the Senate in accordance with section 5(1) & (2) of the Investments and Securities Act 2007. Therefore, his purported suspension as Director-General, Securities & Exchange Commission (SEC), by the 2nd defendant is illegal, unconstitutional, unlawful, and ulra vires the powers of the 2nd defendant. 

2.   Whether the purported suspension as Director-General, Securities & Exchange Commission (SEC) by the 2nd defendant vide a letter of suspension dated 29th November, 2017, signed by the 2nd defendant was in compliance with section 8(1) & (2) of the Investments and Securities Act 2007; 

3.  Whether the public service rules relied upon by the 2nd defendant to suspend him as Director-General, Securities & Exchange Commission (SEC) is applicable to persons holding the office of Director-General, Securities & Exchange Commission (SEC); 

4.      Whether the administrative panel of enquiry set up by the 2nd defendant was properly constituted to be fair and impartial. Therefore, that the administrative panel of inquiry set up by the 2nd defendant after his suspension is biased, partial and against the principles of natural justice and that the report of the panel should be set aside in its entirety and the public service rules relied upon by the 2nd defendant in suspending him are not applicable to a person holding the office of Director-General, Securities & Exchange Commission (SEC). 

He is therefore asking the courts to set aside the report of the Administrative Panel of Inquiry, set aside his suspension, re-instate him and the payment of all his allowances and emoluments due to him from the 1st defendant from the date of his purported suspension to date.

  

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