A Federal High Court in Lagos has fixed April 11 to hear a suit filed by suspended CBN Governor, Sanusi Lamido Sanusi, seeking to halt investigation into his tenure by the Financial Reporting Council of Nigeria, FRCN.
In a short ruling, Justice James Tsoho, said that he would hear the defendant’s objection and the plaintiff’s motion together.
Tsoho, however, ordered that the status quo should be maintained until the suit was determined.
Sanusi is seeking a declaration that the FRCN constituting itself into an investigating body in a manner contained in some newspaper publications of March 24 is ultra vires in its powers.
The suspended CBN Governor has joined the FRCN and the Executive Secretary of the FRCN as the first and second defendants.
He is seeking a declaration that the conduct, actions and decision of the defendant are ultra vires.
He averred that the FRCN’s declaration in a briefing note dated June 7, 2013 and submitted to the President were ultra vires in their powers as contained in the FRCN Act, 2011.
The order comes a day after a separate court ordered the payment of 50million Naira damages to Mr. Sanusi for the illegal detention and seizure of his passport by the Department of State Security Service, SSS, after his suspension.