The court held that the prosecution did not prove its case beyond reasonable doubt
Former Director General of the Securities and Exchange Commission, SEC, Munir Gwarzo. [Photo credit: Business Eye]A Federal Capital Territory High Court on Tuesday discharged the suspended Director-General of the Securities and Exchange Commission , Mounir Gwarzo, of the charge of fraud filed against him.
The minister then set up a panel to investigate the alleged issues, after which the ICPC arraigned them in court. Ruling on the first count of a five charge of use of office for personal enrichment against Mr Gwarzo, the judge said the ICPC did not prove its allegation. Mr Baba-Yusuf held that: “The burden of proof was on the prosecution but through its own exhibit, which includes a board resolution which approved the car benefit for an executive director who had spent more than two years in office, the charge against Mister Gwarzo has not been established,” he said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court discharges, acquits suspended SEC DG, Gwarzo – Daily TrustAn FCT High Court has discharged and acquitted the suspended Director General of the Security and Exchange Commission (SEC), Mounir Gwarzo.
Read more »
Alleged N115m fraud: Court acquits suspended SEC DG Gwarzo, Commissioner
Read more »
Alleged N115m fraud: Court discharges Gwarzo, one otherJustice Hussein Baba Yusuf on Tuesday discharged the suspended Director-General of the Securities and Exchange Commission (SEC), Dr Mounir Gwarzo
Read more »
SEC: Court rules on Gwarzo’s no-case submission today – Daily TrustAn FCT High Court in Maitama will today deliver ruling on a no-case submission filed by suspended Director General of the Security and Exchange Commission (SEC), Mounir Gwarzo. Gwarzo was arraigned on a five-count charge by the Independent and Corrupt Practices and Other Related Commission (ICPC) along with Zakawani Garba, a commissioner in SEC for …
Read more »
Court grants ex-SMEDAN DG bail - Daily Post NigeriaThe Federal High Court Abuja, on Friday, admitted Bature Masari, former Director- General, Small and Medium Enterprise and Development Agency (SMEDAN) to b
Read more »
Alleged N107m fraud: Court grants Ex- SMEDAN DG bailBature Masari was arraigned on a 17-count charge bordering on money laundering and gratification crime.
Read more »
SEC: Court reschedules ruling on Gwarzo’s no-case submission – Daily TrustAn FCT High Court in Maitama, Abuja has rescheduled till Tuesday, the delivery of ruling on a no-case submission filed by the suspended Director General of the Securities and Exchange Commission (SEC), Munir Gwarzo. The court had earlier fixed April 12 for the ruling. However, the trial judge, Justice Husseini Baba-Yusuf, communicated through a court …
Read more »
Alleged N115m fraud: Court fixes Tuesday to rule in ex-SEC DG’s no-case-submissionAn FCT High Court on Friday is to deliver ruling on Tuesday in the no- case- submission filed by the suspended Director-General of the Securities...
Read more »
SEC: Court reschedules ruling on Gwarzo’s no-case submission – Daily TrustAn FCT High Court in Maitama has rescheduled the delivery of ruling on a no-case submission filed by suspended Director...
Read more »
Alleged N115m scam: Court fixes Tuesday to rule in ex-SEC DG’s no-case-submission – Daily TrustAn FCT High Court is to deliver ruling on Tuesday in the no- case- submission filed by the suspended Director-General of the Securities and Exchange Commission (SEC), Dr Mounir Gwarzo on alleged of N115 fraud. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) charged Gwarzo alongside an Executive Commissioner in the Commission, Zakawanu …
Read more »