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LequteMan
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The Gombe Good Governance Group has called for the removal of the new SEC DG, Munir Gwarzo over his alleged approval of N30bn bond for the state government, Premium TImes reports:
The newly appointed acting Director General, Securities and Exchange Commission, SEC, Munir Gwarzo, has come under fire for his alleged approval of the N30 billion bond for Gombe State government.
A political pressure group, Gombe Good Governance Group, otherwise called G4, has petitioned President Goodluck Jonathan, to demand Mr. Gwarzo’s immediate removal for allegedly approving the second tranche of the bond in defiance of a subsisting restraining court order.
To enable it raise finance for its infrastructural development programmes, the Ibrahim Dankwambo state administration had approached the capital market last year to raise the bond.
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#Nigeria #SEC
The newly appointed acting Director General, Securities and Exchange Commission, SEC, Munir Gwarzo, has come under fire for his alleged approval of the N30 billion bond for Gombe State government.
A political pressure group, Gombe Good Governance Group, otherwise called G4, has petitioned President Goodluck Jonathan, to demand Mr. Gwarzo’s immediate removal for allegedly approving the second tranche of the bond in defiance of a subsisting restraining court order.
To enable it raise finance for its infrastructural development programmes, the Ibrahim Dankwambo state administration had approached the capital market last year to raise the bond.
click here to read more
#Nigeria #SEC