Kemi Adeosun, minister of finance, has suspended Mounir Gwarzo, director-general of the Securities Exchange Commission (SEC).
The minister said his suspension is to allow an unhindered investigation into allegations of financial impropriety levelled against him.
Abdulsalam Naif Habu, head of media division, and Anastastia Omozele Braimoh, head of legal department, were also suspended alongside the now suspended SEC boss.
TheCable had reported in October that Gwarzo allegedly got a severance package of N104 million shortly after he was named DG in 2015.
He was an executive commissioner in SEC when former President Goodluck Jonathan appointed him on May 22, 2015.
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Adeosun suspends SEC DG, Mounir Gwarzo over allegations of financial impropriety
The minister said his suspension is to allow an unhindered investigation into allegations of financial impropriety levelled against him.
Abdulsalam Naif Habu, head of media division, and Anastastia Omozele Braimoh, head of legal department, were also suspended alongside the now suspended SEC boss.
TheCable had reported in October that Gwarzo allegedly got a severance package of N104 million shortly after he was named DG in 2015.
He was an executive commissioner in SEC when former President Goodluck Jonathan appointed him on May 22, 2015.
READ MORE
Adeosun suspends SEC DG, Mounir Gwarzo over allegations of financial impropriety
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