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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