Nigeria, April 17 -- The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said it would appeal the ruling on the 'No Case Submission' in the trial of the suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo. Mr Gwarzo and the Executive Commissioner, Corporate Services of SEC, Zakawanu Garuba, were tried by the ICPC.

The duo was arraigned in June 2018 before Justice Husseini Baba Yusuf of the Federal Capital Territory (FCT) High Court on a five-count charge bordering on fraud to the tune of about N115 million when Mr Gwarzo was the DG-SEC.

The former Minister of Finance, Kemi Adeosun, suspended Messrs Gwarzo and Garba from their positions in November 2017 over allegations...