May 24, 2018

Suspended SEC DG, Gwarzo, clarifies N1.7bn payment to workers (Punch)

Suspended SEC DG, Gwarzo, clarifies N1.7bn payment to workers (Punch)

The suspended Director-General of the Securities and Exchange Commission, Mounir Gwarzo, on Sunday clarified why the sum of N1.7bn was paid as severance package under a ‘Golden Handshake’ scheme to workers of the commission under his leadership.

He noted that contrary to claims in some quarters that he was involved in extra-budgetary spending in implementing the scheme, the amount was approved by the board of the commission at its meeting in 2015. Read more

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