Activist-lawyer Ebun-Olu Adegboruwa yesterday filed a suit against President Muhammadu Buhari for appointing the Asset Management Corporation of Nigeria (AMCON) board without recourse to the Senate.
He said the appointments, made on August 19, was in violation of the relevant statutes setting up the agency.
He referred to Section 10(1) (C) of the AMCON Act 2010 which provides that the board, consisting of three executive directors nominated by the Central Bank of Nigeria (CBN) in consultation with the Minister of Finance, must be appointed subject to Senate’s confirmation.
Adegboruwa sought a declaration that the President cannot appoint anyone as executive director of AMCON without complying with Section 10(1)C of the AMCON Act 2010.
He prayed the court to hold that the appointments, having been made without complying with the Section, was illegal, unconstitutional, null and void and of no effect whatsoever.
The lawyer asked for an order “nullifying, annulling, voiding, cancelling and invalidating the appointment of the Executive Directors of AMCON by the President.”
Adegboruwa also sought to obtain an order of perpetual injunction restraining the persons purportedly appointed by the President from functioning or further parading themselves as AMCON’s Executive Directors.
Practical Considerations to Negotiate an Enforceable Joint Operating Agreement in Civil Law Jurisdictions (Netherlands: Kluwer Law International, 2020) By Professor Damilola S. Olawuyi, LL. B (1st Class), BL (1st Class), LL.M (Calgary), LL.M (Harvard), DPhil (Oxford), Professor of Law and Deputy Vice-Chancellor, Afe Babalola University, Ado Ekiti, Nigeria, www.damilolaolawuyi.com. & Professor Eduardo G. Pereira, LL. B (Brazil), LL.M (Aberdeen), PhD (Aberdeen),www.eduardogpereira.com
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