ICPC Arraigns Gwarzo Over N12.8M Contract Scam

ICPC Arraigns Gwarzo Over N12.8M Contract Scam

Jayfred Ugo

Jayfred Ugo

The Independent Corrupt Practices and other related offences Commission (ICPC) has apprehended the former Director-General of the Security and Exchange Commission (SEC), Mounir Gwarzo, for his alleged involvement in a N12.8m contract scam.

Gwarzo was arraigned alongside the Principal Manager of the National Identity Management Commission (NIMC), Ms Jamila Ahmad Muhammed, and brought before Justice A. O. Adeniyi on fraudulent charges.

The ex-SEC DG and Muhammed are facing a 14-count charge bordering on abuse of office and receiving gratification as public officers.

Gwarzo was also slapped with a six-count charge for awarding several contracts to Outbound Investment Limited, a private company where he allegedly doubles as the director even while he was still Director-General of SEC.

Ms Jamila Muhammed is, on the other hand, faced with an eight-count charge of gratification, abuse of office and running a private company while in the government employ. Her company, Outlook Communication Limited, was awarded contracts to the tune of N4, 372, 080 by the SEC.

According to details from the charge sheet, it reads:

"The former SEC boss between December 2016 and March 2017 allegedly awarded contracts for the supply of 12 units of air-conditioners, 16, 000 litres of diesel and four units of refrigerators at the total cost of N8, 454, 000 to his own company.

"The air-conditioners and refrigerators were to be supplied to the Lagos Zonal office of SEC at the cost of N3, 499, 200, while a total of N4, 954, 400 was allegedly awarded for the supply of diesel to the headquarters on two occasions in February and March 2017 respectively,"

Both Gwarzo and Muhammed, however, pleaded not guilty to the charges as it was read to them.

The defence counsels, O. A Dada and Sani Yusuf, representing Gwarzo, and Muhammad respectively, immediately moved applications for their bail which was not opposed by the counsel to ICPC, George Lawal.

Justice Adeniyi, who sat the hearing, gave his ruling on the bail applications, as he granted each of the accused bail in the sum of N10m each and one surety in like sum.

The court was then adjourned until April 22 and 23, 2020 for trial.

Happenings Media