THE Security and Exchange Commission has been shut down by its workers’ union to prevent the reinstatement of its suspended Director-General, Mounir Gwarzo who was accused by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) of fraud and abuse of office.

The Association of Senior Civil Servants of Nigeria, on Monday reportedly locked-up the offices of the headquarter in Abuja to prevent the former DG’s reinstatement.

Gwarzo was suspended by the former Minister of Finance, Kemi Adeosun in November 2017.

Shortly after Adeosun suspended Gwarzo over multiple financial improprieties, a leaked memo emerged in the media detailing how both officials had sparred over a decision by SEC to go ahead with a probe into the activities of Oando Petroleum Plc but the former minister claimed Gwarzo’s suspension was not as a result of the probe, she alleged that the former DG had tried to blackmail her.

He was formerly indicted over alleged abuse of office and corruption in a probe carried out by a panel headed by Mahmoud Isa-Dutse of the Federal Ministry of Finance.

However, an industrial court in Abuja last Thursday acquitted Gwarzo and dismissed the three issues raised against the embattled DG and ordered his immediate reinstatement.