wpid-Sanusi-Lamido-480x300.jpgA Federal High Court in Lagos on Monday restrained the Financial Reporting Council of Nigeria from conducting investigations into alleged financial impropriety levelled against the suspended Governor of the Central Bank of Nigeria, Mr. Sanusi Lamido Sanusi.

Justice Tsoho said that given the circumstances, the FRCN had not complied with the provisions of the law.

?I do not accept the stance of the defendants (FRCN and its Executive Secretary) that they acted within the stance of the FRCN Act and complied with the principles of natural justice. It is glaring that if they kept the letters of the Act they did not respect its ennobling position,? Justice Tsoho said.

Sanusi had filed the suit challenging the legality of the proposed probe by the FRCN.

He had urged the court to stop the investigation into the CBN records during his tenures as governor on the ground that FRCN had found him guilty before commencing the probe.

The judge said the commission had already reached its conclusion as to the culpability of Sanusi, given the commission?s briefing note attached to the letter suspending him as the CBN governor on February 20, 2014, and newspaper advertisement inviting him for the probe,.

Source persecond news


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