Mounir Gwarzo, director-general of the Securities and Exchange Commission (SEC), allegedly got a severance package of N104 million from the same commission shortly after he was named DG in 2015.

He was an executive commissioner at SEC when former President Goodluck Jonathan appointed him to lead the commission on May 22, 2015.

On assuming office as DG, he allegedly paid himself the hefty package as entitlement for being an executive commissioner for two and a half years.

In a petition to the house of representatives seen by TheCable, Gwarzo was said to have demanded a severance package entitled to a commissioner immediately he assumed office.

Despite the opposition mounted by the acting head of SEC legal department, Frana Chuwuogo, Gwarzo allegedly received over N104 million as benefits of his former position.

A document on one of the contracts

“On assumption of office as the DG of the Commission, Mr. Gwarzo immediately requested that the sum of N104,851,154.94 (One Hundred and Four Million, Eight Hundred and Fifty-One Thousand, One Hundred and Fifty-Four Naira and Ninety-Four Kobo), be paid to him as severance package for the cessation of his appointment as Executive Commissioner of the Commission,” the petition read.

READ MORE: http://witnessngr.com/sec-d-g-mounir-gwarzo-in-trouble-accused-of-fraud/

Before nko na today una find out

He was once relieved of his job from Fed. Mortgage Bank of Nigeria, and the man who sacked him; Abdulsalam Abukakar was also fired from the same bank. Just like his northern ilks(Maina and co) he found his way to SEC where he was made an executive director until he was elevated to hus current post. How could he request for a 'severance' package when he is still a staff of the parastatal? The civil service rules are very clear on matters like this or does see himself as a national assembly members who always settle themselves even if they are returning to the hallowed chambers.
SMH for the level of greed been perpetrated by some of these guys!