The suspended Central Bank of Nigeria (CBN) Governor, Sanusi Lamido, on Monday won another major legal battle against the Federal Government.
The Federal High Court in Lagos restrained the Financial Reporting Council of Nigeria (FRCN) from probing him.
Justice James Tsoho held there is clear evidence that FRCN’s bid to investigate Sanusi’s tenure at CBN is tainted with bias and motivated by bad faith.
He said while FRCN Act empowered it to conduct such an enquiry, it cannot do so without recourse to due process.
Justice Tsoho held that FRCN’s declaration in a Briefing Note dated June 7 and submitted to President Goodluck Jonathan were ultra vires (outside) their powers as contained in the FRCN Act, 2011.
He said the defendants, including FRCN’s Executive Secretary, having reached a conclusion as to Sanusi’s culpability as Governor of CBN, as indicated in the briefing note and newspaper publications, can no longer conduct any investigation on the same matter.
The judge resolved all the issues for determination in Sanusi’s favour, saying the suspended CBN boss was right not to honour FRCN’s invitation.
“I don’t accept the arguments of the defendants that they acted in line with the law. They did not or have not respected the spirit of the enabling provisions of the Act,” the judge said.
Justice Tsoho said the defendants went against the principles of natural justice by not giving Sanusi the chance to defend himself before they issued a report on the basis of which he was suspended.
He noted that the CBN chief was not called upon to make representations at any panel before his suspension. Click to signup for FREE news updates, latest information and hottest gists everyday
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God will continue to vindicate the whistle blower, whilst our clueless GEJ keeps deceiving the gullible bigots that the missing $20b is petty stealing and not corruption becuase America will know. There is God ooo....
ReplyDeleteAnyone with Nigerian stolen cash can bribe a judge and get stupid court judgement, then why are some regions blaming GEJ for corruption, while all is corrupt including Sanusi the boko haram sponsor and the judges. nonsense.
ReplyDeleteIn this country, believe it or not, not everyone is a thief. However, it is sad because some of us will crucify a saint because we don't know the difference. I'm happy mall am Lamido Sanusi has finally been vindicated. He had been sounding the alarm since that there were inconsistencies in the books.
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