Federal High Court Rules FRC Can’t Investigate Sanusi

The Judge said the FRCN’s posturing shows that they are prejudiced.
A Federal High Court in Lagos has barred the Financial Reporting Council of Nigeria, FRCN, from investigating Lamido Sanusi, the suspended governor of Central Bank of Nigeria, CBN.
Delivering judgment on Monday, Justice John Tsoho said that although the FRCN is saddled with ensuring good governance in financial matters, their posturing shows that they are already prejudiced.
The judge countered the FRCN’s argument that their recommendation to the presidency was merely advisory. He said it was obvious that they had already decided Mr. Sanusi’s fate, even before their investigation.
“The language of the briefing note (transmitted by the FRCN to the presidency) conveys a sense of the defendant desperately goading the presidency to deal with the plaintiff,” Judge Tsoho said.
“The plaintiff submitting himself for investigation (by FRCN) is like the cockroach finding itself in the midst of fowls. Such a cockroach cannot be innocent,” he added

Story first appeared in PremiumTimes

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Th

is was a very much expected outcome by this blog. Apart from the FRC being prejudiced we also feel to they not have the powers to investigate the matter.  I’m waiting to see details of the judgement.