The Director-General of the Securities and Exchange Commission, Mr Mounir Gwarzo have been suspend.

Also suspended are two management staff of the Commission. Head of Media Division, Mr Abdulsalam Naif, and Head of Legal Department Mrs Anastasia Braimoh.

The suspension was announced by the Minister of Finance, Mrs Kemi Adeosun on Wednesday.

Mr Gwarzo and the other members of the commission were suspended over an allegation of financial impropriety levelled against them.

Details later …