A Lagos-based human rights activist, Barrister Ebun Olu-Adegboruwa, has dragged President Muhammad Buhari before a Federal High Court in Lagos, over the sack of and appointment of new board of directors of the Asset Management Company of Nigeria, AMCON.
The lawyer, in an affidavit filed on his behalf by Grace Omotosho, of the Adegboruwa and Company, is seeking the nullification of the appointments of the new executive Directors of AMCON by President Buhari.
Recall that President Buhari had on August 18 sacked the Mustafa Chike-Obi-led AMCON board and appointed Ahmed Lawan Kuru, former Managing Director, Enterprise Bank as the new MD.
The president also appointed Kola Ayeye, Eberechukwu Uneze and Aminu Ismail as Executive Directors.
Adegboruwa argues that the President lacks the constitutional power appoint anyone into AMCON board without complying with Section 10(1)C of the Asset Management Corporation of Nigeria Act, 2010.
He is also seeking a perpetual injunction restraining the directors “from functioning as or further functioning as, from acting as or from further acting as, from parading or holding out themselves or further parading or holding out themselves as Executive Directors in gross violation of 10(1)C of the Asset Management Corporation of Nigeria Act 2010.”
Section 10(1)c of the Asset Management Corporation of Nigeria Act 2010 provides for the appointment of executive Directors by the president in consultation with the Minister of Finance.
Adegobruwa’s grouse is that, “Since the president was sworn in on May 29, 2015, till the date of the appointment of the AMCON directors and even up till the date of filing this suit, no person has been appointed into the office of Minister of Finance for the Federal Republic of Nigeria.
“I verily believe that as the position of the Minister of Finance in Nigeria has been vacant, the said appointment of the directors could not have been made in accordance with the provisions of the Asset Management Corporation of Nigeria Act 2010, as there is no substantive minister of finance for the 1st respondent to consult with.
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