Following his suspension as the Director General of the Nigerian Securities and Exchange Commission (SEC) by the Minister of Finance, on 27th November 2017, Mounir Haliru Gwarzo has filed charges at the Nigerian Industrial Court against the following parties;Whether the 2nd defendant has power to suspend him as director-general, Securities and Exchange Commission (SEC), whose appointment was by the president of the federal republic of Nigeria and confirmed by the senate in accordance with section 5(1) & (2) of the investments and securities act 2007. Therefore, his purported suspension as DG, sec by the 2nd defendant is illegal, unconstitutional, unlawful and ultra vires the powers of the 2nd defendant;
Whether his purported suspension as Director-General, Securities and Exchange Commission [sec] by the 2nd defendant vides a letter of suspension dated 29th November, 2017, signed by the 2nd defendant was in compliance with section 8(1) & (2) of the investments and securities act 2007;
Whether the public service rules relied upon by the 2nd defendant to suspend him as director-general, Securities and Exchange Commission is applicable to persons holding the office of director-general, Securities and Exchange Commission;
Whether the administrative panel of enquiry set up by the 2nd defendant was properly constituted to be fair and impartial. therefore that the administrative panel of inquiry set up by the 2nd defendant after his suspension is biased, partial and against the principles of natural justice and that the report of the panel should be set aside in its entirety and the public service rules relied upon by the 2nd defendant in suspending him are not applicable to a person holding the office of DG, SEC.
