Sunday , August 18 2019

Industrial court orders reinstatement of Gwarzo, suspended SEC DG

    The Industrial Court has ordered the reinstatement of Mounir Gwarzo, suspended director general of the Securities and Exchange Commission (SEC).

    The court also ordered that the federal government pay him all entitlements.

    In his judgement, Sanusi Kado, justice of the industrial court, held that the minister of finance, named as the second defendant in the suit lacked the power to suspend the claimant.

    Kado, who dismissed three issues raised by defence counsel through their preliminary objection, ruled that the suit was not status barred.

    The judge further held that the issue in dispute was not about the position of the claimant as to the DG of the commission, but that the bone of contention was who had the power to suspend him.


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