Adeosun reveals how suspended SEC boss tried to blackmail her

macfranc007 December 08, 2017 Nigeria News today & Breaking news ▷ Read Nigerian newspapers 24/7 Tunde Ososanya

- The minister of finance, Kemi Adeosun has revealed that the suspended director general of the Securities and Exchange Commission, Mounir Gwarzo, tried to blackmail her

- The minister said Gwarzo threatened to leak information to the media

- She said the threat to blackmail only strengthened her resolve to punish the DG

The minister of finance, Kemi Adeosun has disclosed that the suspended director general of the Securities and Exchange Commission, Mounir Gwarzo, had threatened to blackmail her over the ongoing probe of Oando Plc before his suspension, Premium Times reports.

NAIJ.com gathered that while speaking with journalists on Friday, December 8, Adeosun said ahead of his suspension, Gwarzo had threatened to leak information to the media.

“Mr. Gwarzo personally delivered the memo using SEC staff seconded to the office of the Minister, in breach of normal procedures for the receipt of mail. The copy of the memo in the possession of the Minister was delivered with a message that any action against Mr. Gwarzo would result in same being leaked to the press.

“It was this threat of blackmail that strengthened the resolve of the Minister to suspend Mr. Gwarzo and allow the Administrative Panel of Inquiry to proceed with its probe,” Adeosun said in a statement.

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The minister denied that the SEC boss was suspended due to his refusal to stop the forensic audit of Oando Plc. She said the allegation was ‘misleading and mischievous’.

NAIJ.com had previously reported that the House of Representatives had resolved to probe the suspension of the director-general of the Securities and Exchange Commission, Mounir Gwarzo, by the minister of finance, Kemi Adeosun, over alleged financial abuses.

While this is on, lawmakers want both parties to 'maintain the status quo' pending the outcome of the probe.

Meanwhile, the federal government on Sunday, December 3, announced the appointment of Dr Abdul Zubair as acting director-general, Securities and Exchange Commission (SEC).

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