Adeosun: Allegations against Gwarzo Weighty, Ministry in Possession of Incriminating Records Says suspended SEC DG peddling falsehood, vows to resist intimidation Ndubuisi Francis in Abuja The Minister of Finance, Mrs. Kemi Adeosun stated yesterday that the suspension of the Director-General, Securities and Exchange Commission (SEC), Mounir Gwarzo, was in order,
and that the ministry was in possession of incriminating records against him. Addressing a press conference in Abuja, the minister, who broke her silence, since she suspended Gwarzo on November 29, 2017, said Gwarzo's suspension was connected to financial
misconduct, and had nothing to do with his alleged refusal to stop the forensic audit of Oando Plc. She also said that she would not bow to any form of blackmail from anybody over the issue. Adeosun said Gwarzo's suspension followed proven
Denies stopping forensic audit of Oando Plc
cases of financial misconduct, unlawful carting away of sensitive documents, in addition to his unsatisfactory response to queries served him. She wondered why Gwarzo could resort to peddling falsehood, “when in fact, he was given a right of fair hearing
through an administrative query.” Adeosun, who disclosed that the forensic audit of the oil firm would continue unhindered, said: "The Federal Ministry of Finance would like to place on record that Gwarzo’s suspension is in line with the Public Service
Rules (PSRs), to allow for an unhindered investigation of serious allegations of financial impropriety against him. "Some of the allegations with documented evidence include the awards of contracts to companies Continued on page 6
Court Stops EFCC from Freezing AITEO’s Accounts ... Page 8 Saturday 9 December, 2017 Vol 22. No 8269 Price: N250
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US, Switzerland Sign Agreement to Return $621m Abacha, Alamieyeisegha Loots US takes custody of money, including parts stashed in the UK, France, Jersey Alex Enumah in Abuja The Attorney General of the Federation and Minister of Justice, Abubakar Malami,
on Thursday at the Chatham House, London, disclosed that he had signed two agreements, on behalf of the federal government, with
Switzerland and the United States of America, respectively, for the return of $621 million looted funds. The funds were said to
have been looted by former head of state, late Sani General Abacha and the former Bayelsa State Governor, late Diepreye Alamieyeisegha.
Malami said: “Just four days ago, in Washington DC, I signed two agreements on behalf of the Federal Republic of Nigeria with Switzerland and
the United States of America, respectively, for the return of previously looted funds. The Continued on page 6
In Make or Mar Chairmanship Election, Secondus is Frontrunner
PDP delegates storm Abuja to revive party Bode George withdraws, Dokpesi says he’s still in the race Northern caucus insists on chairman from South-west Jonathan: I have no preferred candidate Yemi Adebowale in Lagos and Onyebuchi Ezigbo in Abuja After surviving leadership crisis that almost crippled it, the opposition Peoples Democratic Party (PDP) will today continue its great revival at an elective national convention in Abuja, during which a new leadership is expected to emerge, to steer the party into the 2019 elections. However, one of the chairmanship aspirants, Bode George made a surprise withdrawal from the race yesterday, blaming his action on the failure of the party to uphold micro zoning. This elective convention is a make or mar event for the party, because if it fails to get this particular act right, it may head back to political doldrums. With the withdrawal of George, eight aspirants are now locking horns to clinch the national chairmanship position, the party’s most coveted trophy. Yesterday, the Screening Committee of the party cleared all of them as suitable for the position. Chairman of the committee, Mr. Osagie Ize-Iyamu, subsequently presented
certificates of clearance to all of them at the party’s National Secretariat located in Abuja. In the race for today’s chairmanship election are Prof. Tunde Adeniran, a former Minister of Education; Prof. Taoheed Adedoja, another former minister; Mr. Jimi Agbaje, the former Lagos state governorship candidate of the party in the 2015 election and Uche Secondus, a former acting national chairman of the party. Others are Otunba Gbenga Daniel, a former governor of Ogun state; Chief Rasheed Ladoja, former governor of Oyo state; Dr. Raymond Dokpesi, a media mogul; and Chief Akintayo Akin-Deko. As part of last minute strategic alliances for the election, Secondus had his chances bolstered, yesterday morning, with the leadership of the South-east caucus adopting him for chairmanship. From available statistics, the former acting national chairman looks set for victory. THISDAY gathered that the optimism is based on an alliance reached between the South East and the South-South Continued on page 6
ALL FOR THE SARAKIS … L-R: President of the Senate, Bukola Saraki; Vice President Yemi Osinbajo and President Ernest Bai Koroma of Sierra-Leone GODWIN OMOIGUI during Saraki 's daughter's wedding reception held at the State House conference hall, Abuja...yesterday
INEC Confirms Dates for 2019 General Elections ... Page 8