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D-G Gwarzo’s suspension: Court hear SEC’s counter-claim Jan.30

The National Industrial Court, Abuja, on Thursday fixed Jan. 30, 2019, to hear the counter-claim and other pending applications filed by the Securities and Exchange Commission (SEC) and two other defendants challenging the suit filed by the suspended Director-General of SEC, Mounir Gwarzo.

At the resumed hearing, Gwarzo’s counsel, Adetayo Adeyemi, told the court that he had been served processes from all three defendants.

Adeyemi said the application from SEC, the first defendant through it counsel, Abduljalil Musa, was for counter-claim, while the application from the Minister of Finance, the second defendant through her counsel, Chinedu Achumie was to regularise their processes.

The counsel went on to say that he also received processes filed by the Attorney-General of the Federation (AGF), the third defendant through his counsel, Abdullahi Abubakar.

The judge, Justice Sanusi Kado, gave each defendant time to formally raise their motions.

When none of the parties objected to the applications, the judge said “having not objected, the applications are hereby granted as prayed”.

Kado then adjourned the suit until Jan. 30, 2019 and ordered the parties to bring any reply and serve in the next adjourned date.

The judge also said that all the pending applications, which include preliminary objections, originating summon and processes would be taken that day.

it could be recalled that Gwarzo was suspended in November 2017, over alleged financial misappropriation.

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