The Centre for Anti-Corruption and Open Leadership (CACOL) on Monday defended its petition against the suspended Director-General of the Securities and Exchange Commission, Mr. Mournir Haliru Gwarzo lodged at the Economic and Financial Crimes Commission (EFCC).

The Executive Chairman of CACOL, Comrade Debo Adeniran, who defended the petition on Monday for about one hour before the Head of the Capital Market Unit of the EFCC, in Abuja said the presence of his team was to put face to the petition against Gwarzo.

“We responded to the invitation of the Economic and Financial Crimes Commission, EFCC today to adopt (defend) our petition against Mr. Gwarzo. We are delighted that the EFCC responded promptly, and is enthusiastic to investigate the subject of our petition. We intend to follow through with this process and we will not be distracted by all the attempts by Gwarzo and his cronies to make us back down drawing on absurd and unconnected straws to whip up sentiment in the media. Those who know us know, we do not just take up a cause, when we do, we are tenacious in our pursuit and we approach our campaigns with independence of mind.”

While commending the decision of the Minister of Finance, Mrs. Kemi Adeosun to suspend Gwarzo after months of indecision on the petitions against Gwarzo, he said:

“We commend the Finance Minister, Mrs. Kemi Adeosun for the courage to take the issue up after others have looked the other way for months. We urge her to be steadfast in the face of various attempts to blackmail her into dropping the investigations into the allegations. If she musters the tenacity to follow through on this investigation as she did with fighting the cabal behind the ghost workers who almost bled the nation to death with false wage bills, then history would be kind to her.’’

CACOL had petitioned President Muhammadu Buhari, the Senate and the House of Representatives over multiple allegations of corruption by Gwarzo including award of contracts to his companies and most brazenly the payment of a N104 million severance allowance to himself after he was promoted from a commissioner to director-general of SEC.