The Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, and a Deputy Governor of the top bank, Edward Adamu, have been sued by a civil organisation, the Network Against Corruption and Trafficking Foundation (NACAT), for allegedly failing to disclose their assets to the Code of Conduct Bureau (CCB).
The Chairman of the Code of Conduct Bureau has also been named as a defendant in the lawsuit brought by the group’s legal representative, Festus Keyamo Chambers.
The Freedom of Information (FOI) Act, 2011, Sections 1(1) and (2), were used as the basis for the applicant’s lawsuit.
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In particular, the plaintiffs claim that Shonubi failed to disclose his ownership of the following corporations: Ehlkuhile Investment Ltd.- RC857442; Iscopeng Ltd.- RC1431044; Kilima Technologies Ltd.- RC1218250; Kirby’s Place Resources Ltd.- RC1215845; The Pekaboo Company Ltd.- RC1395011; and Intameks Ltd.- RC13086.
The petitioner claims that Adamu also neglected to disclose his ownership stakes in the following corporations: Pinnacle Solutions Network Ltd. (RC698688); Elad Global Resources Limited. (RC933366); and Global World Frontier Services Nig. Ltd. (RC772500).
The operational manager of NACAT, one Stanley Ugagbe, testified in an affidavit in support of the originating action that the respondents had adamantly refused to provide the papers to them.
Intameks Ltd., RC13086; Kirby’s Place Resources Ltd., RC1215845; The Pekaboo Company Ltd., RC1395011; Ehlkuhile Investment Ltd., RC857442; Iscopeng Ltd., RC1431044; and Kilima Technologies Ltd., RC1218250 are listed as having the 2nd respondent (ag, CBN Gov) on their board of directors list.
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The third respondent is reportedly named as a Director in the following companies, according to the deponent, including Pinnacle Solutions Network Ltd. (RC698688), Elad Global Resources Limited. (RC933366), and Global World Frontier Services Nig. Ltd. (RC772500).
The second and third respondents, who are taking over as acting governor and deputy governor of the Central Bank of Nigeria, CBN, respectively, have legal obligations to disclose in their asset declaration forms the interests they have in the aforementioned companies as public officers, according to Ugagbe.
The applicant claimed that, in order to comply with Section 1 (3) of the Freedom of Information Act, the court’s intervention was necessary to compel the first and second respondents to grant the applicant’s request.
The applicants based their requests on the fact that they had sent letters to the respondents on July 3, 2023, and August 14, 2023, asking them to provide the requested papers, but they had refused.
“The respondents have failed, refused and neglected to produce the said documents requested from them, contrary to section 4 (a) of the Freedom of Information Act, 2011” the counsel stated.
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The attorney said that as public officers, the second and third respondents had a legal duty to disclose in their asset declaration forms any financial stakes they held in the enterprises as they assumed their respective roles as acting governor and deputy governor of the CBN.
NACAT identified itself as a non-governmental organisation and pro-democracy civil society group with the goal of aiding in the fight against terrorism, financial crimes, corruption, and economic sabotage.
The hearing date for the lawsuit has not yet been set.
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