A public hearing on the need to intervene in the conflict between the Minister of Finance, Mrs Kemi Adeosun and the suspended DG of Securities and Exchange Commission (SEC), Mr Mounir Gwarzo, has commenced.

Chairman of the House of Representatives Committee on Capital Market and Institutions, Yusuf Tajudeen, however, read a letter from the Minister of Finance Mrs Kemi Adeosun asking for permission to attend the Federal Executive Council meeting.

Subsequently, the hearing was rescheduled for January 2018 because according to Mr Tajudeen, both parties have to be present.

Garwzor was suspended to allow for an unhindered investigation of several allegations of financial impropriety leveled against him.

Read Also: FG Appoints Acting SEC DG, After Gwarzo’s Suspension

Contrary to claims that the decision to suspend Mr Gwarzo was to stall the forensic audit of Oando Plc, the Minister of Finance said it was in accordance with laid down rules and aimed at sanitising the nation’s capital market to protect investor confidence.

Following his suspension, the Federal Government appointed Dr Abdul Zubair as the acting Director General of the commission.