Court to Decide Ex-SEC DG, Gwarzo’s Fate on April 12

Court to Decide Ex-SEC DG, Gwarzo’s Fate on April 12


A High Court of the Federal Capital Territory (FCT) in Maitama has scheduled ruling for April 12 to determine whether or not to uphold the no-case submission made by suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo and an Executive Commissioner in the agency, Zakawanu Garuba.

Gwarzo and Garuba are being tried on an amended five-count charge filed by the Independent Corrupt Practices and other related offences Commission (ICPC).

They are accused of misappropriating public funds estimated at N115million and conferring corrupt advantage on a public officer.

The defendants resorted to making a no-case submission at the conclusion of the prosecution’s case.

Lawyers to the defendants, Abdulhakem Mustapha (SAN) and Robert Emukpoeruo, as well as prosecution lawyer, Raheem Adesina, adopted their written submissions on Monday, following which the trial judge, Justice Hussein Baba-Yusuf fixed April 12 for ruling.

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