Friday, April 4, 2014

Court Stops Financial Reporting Council From Investigating Sanusi

Justice J. T. Tsoho of the Federal High Court, Lagos, today April 4th ordered the Financial Reporting Council of Nigeria (FRCN) to stop any further investigations it is currently carrying out on the suspended CBN Governor, Sanusi Lamido. 
The Financial Reporting Council of Nigeria had leveled allegations of financial recklessness and abuse of office on Sanusi and recommended his suspension which was effected on February 20
The council in its presentation to the president said they found Mr Sanusi's report on the audited financial statement of the CBN for the year ended Dec. 2012 and other related issues unsatisfactory.
Upon his Suspension, Mr Sanusi was invited to a panel set up by the council at Elephant House Ikeja Lagos for questioning on March 27th but failed to turn up. Reports say Sanusi felt the panel was bias and was set out to rubbish his person. He filed a suit that same day asking the court to stop the FRCN from investigating him as it lacked the constitutional power to investigate him. His request was granted by a judge today.

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