A Federal Capital Territory High Court has adjourned the trial of the suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, after the lead prosecutor Ibrahim Adeshina failed to show up in court for the continuation of the trial.

At the resumed hearing, a representative of the prosecutor Agbili Ezenwa told the court that his principal is out of the country and urged the court to grant an adjournment to enable him to appear at the next adjourned date.

Counsel to the former SEC DG, Abdulrasheed Al-Mustapha, in responding to the application, asked the court to direct the prosecution to open its conclude its case at the next adjourned date tenable for his client to enter a defence.

Justice Hussein Yusuf adjourned the matter to the October 18 and 19 respectively for the continuation of the trial.

Gwarzo is being arraigned by the Independent Corrupt Practices and other related Offences Commission (ICPC) on a five-count charge of misappropriating 115 million naira.

ICPC also accused him of using his position to confer corrupt advantages upon himself when he received N104.8m as severance benefit when he was yet to retire.

He is also accused of receiving N10.98m in excess car grant among others.