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In the ongoing trial of suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Haliru Gwarzo, a witness called by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Ajao Akintade Stephen, who is a senior manager in SEC, has admitted before the court that he facilitated the payment of N84,388,886.12 to Dr. Gwarzo as monetized car grant.
The prosecution witness made this revelation before Justice Hassan Yusuf Baba of High Court 4, Maitama.
Ajao was led in evidence via examination-in-chief by ICPC counsel, Adeshina Raheem, and cross-examined by counsel to the 1st defendant, A. U. Mustapha, SAN and counsel to the 2nd defendant, C. I. Imukpoeruo.
The witness revealed that on 1st June, 2015 he had made computation for the car grant which the former Director-General was entitled to, as it was a policy in the Commission for Director Generals to have non-refundable monetized car grant for 4 cars which should be awarded based on the existing market value of the cars.
He explained that his computation which came to N73,405,297.12 was sent back and he was made to come up with another amount of N84,388,886.88.
Therefore, the difference in the first computation and the second computation was N10,983,589.76 which was the amount the 2nd defendant, Zakawanu Garuba approved for payment.
It should be recalled that Gwarzo is standing trial for allegedly misappropriating N115.8 million, while Zakawanu Garuba who is also standing trial with the former DG is accused of approving a N10.9 million car grant.
According to a statement issued by Rasheedat Okoduwa, ICPC spokesperson, the matter has been adjourned to 20th and 21stSeptember, 2018 to enable ICPC present more witnesses.
