ICPC detains suspended SEC DG, probes officials

The Independent Corrupt Practices and other related offences Commission on Monday detained the suspended Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo.

What happened:

What is happening:

It was learnt that Gwarzo was granted bail and asked to return at a later date.

A source at the ICPC said, “Gwarzo honoured our invitation on Monday and was detained after which he was granted bail. He was asked to provide a surety on the level of a director at the Federal Civil Service and must have property in Abuja.

“He met the condition and was released on bail. We have not yet done a thorough interrogation so he will return on a later date.”

The source said some officials of SEC were interrogated at the commission as well.

From all indications, the SEC DG did not act alone. So, we have invited some of his subordinates and they have been quizzed by the ICPC.”

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