SEC D-G, Munir Gwarzo

The Independent Corrupt Practices and other related Offences Commission (ICPC) on Tuesday arraigned the suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo.

Gwarzo was arranged before a Federal Capital Territory High Court sitting in Maitama, Abuja, Nigeria’s capital.

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He was arraigned on charges bordering on criminal breach of trust and aiding diversion of funds.

The ICPC, it was gathered, preferred charges against the SEC Executive Commissioner, Corporate Services, Zakwanu Garba, for allegedly conniving with Gwarzo to commit the fraud.

Gwarzo and Garba, during court proceedings, entered a Not Guilty plea to the five-count charge of criminal breach of trust and aiding and a baring diversion of funds as severance benefits to Gwarzo while he was still in the service as Director-General.