Justice Hussein Baba Yusuf on Tuesday discharged the suspended Director-General of the Securities and Exchange Commission , Dr Mounir Gwarzo, on charges of N115 fraud.
It alleged that Gwarzo received N104,851,154.94 as severance benefits when he had yet to retire, resign or disengage from the service of the organisation. He held that the prosecution failed to establish the essential elements of the offence for which the defendants were charged and subsequently discharged them.
Gwarzo’s counsel, Mustapha, on March 18 urged the court to hold that the prosecution had not adduced any credible evidence to make the defendant enter any defence. He submitted that the prosecution in its written address on the submission relied on the law on certain political office holders and admitted that SEC was not mentioned in the law.
He said the evidence adduced by the prosecution during hearing had not established any ingredients of the offence said to have been committed by Garuba.
With a fraction of that amount to a judge and you are a free man. This is Nigeria!
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