A suit has been filed in a Lagos Federal High Court by Mallam Sanusi Lamido asking for a halt into the investigation of his tenure as CBN Governor. The investigation is to be carried out by the Financial Reporting Council of Nigeria (FRCN), the same body whose report led to Sanusi's suspension.
The judge has fixed April 11 for the hearing. Sanusi believes the body is acting outside it's constitutional powers by turning itself into an investigative body. He is also asking the court to declare that the FRCN can no longer investigate him since an earlier report from the council had indicted him. Is Sanusi hiding something? Is the FRCN empowered to investigate?
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