![Kemi Adeosun](http://www.promptnewsonline.com/wp-content/uploads/2016/04/Kemi-Adeosun-e1472757587422.jpg)
The Minister of Finance, Mrs. Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo, from Office, to allow for an unhindered investigation of several allegations of financial impropriety leveled against the Director-General.
The suspension is in line with the Public Service Rules (PSRs) 03405 and 03406.
A statement by the ministry says the Minister has also set up an Administrative Panel of Inquiry (API) to investigate and determine the culpability of the Director-General.
She has directed the suspended SEC Director-General to immediately handover to the most senior officer at the Commission, pending the conclusion of investigation by the API.
Also suspended are two management staff of the Commission – Mr. Abdulsalam Naif Habu, Head of Media Division and Mrs. Anastasia Omozele Braimoh, Head of Legal Department – who have been alleged to engage in financial impropriety in the Commission.