An FCT High Court this Friday in Abuja has fixed Tuesday to deliver ruling on the no- case- submission filed by the suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo on alleged of N115 fraud. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) charged Gwarzo alongside an Executive Commissioner in the Commission, Zakawanu Garuba, with five counts of alleged misappropriation to the tune of about N115 million and conferment of corrupt advantage on a public officer before Justice Hussein Baba-Yusuf.
They however, pleaded not guilty to the charge. The defendants, on Feb. 7, through their counsel, Abdulhakeem Mustapha, SAN, and Robert Emupkoeruo, informed the court of their intention to file no-case submission.
This they prayed after the prosecuting counsel, Adesina Raheem, had informed the court that the prosecution was closing its case against the defendants with the testimony of the fifth prosecution witness (PW5), Taiwo Olorunyomi. Gwarzo’s counsel, Mustapha SAN, on March 18 urged the court to hold that the prosecution has not been able to adduce any credible evidence to make the defendant enter any defence.
He informed the court that the no-case submission he prayed for was brought in pursuant to Sections 302 and 303 of the Administration of Criminal Justice Act (ACJA), 2015. According to him, the prosecution had failed to make out any prima facie case against Gwarzo, adding that the evidence adduced were all contradictory.
He submitted that the prosecution in its written address on the submission relied on the law on certain political office holders and admitted that SEC was not mentioned in the said law. Specifically, he urged the court to uphold the no-case submission by the first defendant as well as discharge and acquit him of the charge against him.
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