Lagos lawyer and activist Ebun-Olu Adegboruwa, Esq., has sued President Muhammadu Buhari before the Federal High Court, Lagos, seeking the nullification of the recently reconstituted Board of the Asset Management Corporation of Nigeria (AMCON). Adegboruwa is insisting that Buhari’s sack of the AMCON Management headed by Mustapha Chike-Obi “does not conform with the Section 10(1)c of the Asset Management Corporation of Nigeria Act 2010.”

Joined as respondents are the Attorney-General of the Federation (second respondent), AMCON (third respondent), Kola Ayeye (fourth respondent), Eberechukwu Uneze (fifth respondent) and Aminu Ismail (sixth respondent).

According to his statement of claims, “Section 10(1)c of the Asset Management Corporation of Nigeria Act 2010 provides for the appointment of executive Directors of the 3rd respondent by the 1st respondent in consultation with the Minister of Finance. Since the 1st Respondent was sworn in on May 29, 2015, till the date of the appointment of the 4th-6th respondents 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 4th-6th respondents 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.”

Adegboruwa is seeking, among others, “A DECLARATION that the appointments of the 4th-6threspondents as Executive Directors of the 3rd respondent, having been made without complying with section 10(1)c of the Asset Management Corporation of Nigeria Act 2010, are illegal, unconstitutional, null and void and of no effect whatsoever.

“AN ORDER, forthwith nullifying, annulling, voiding, cancelling and invalidating the appointments of the 4th-6th respondents as Executive Directors of the 3rd respondent, having been made without complying with section 10(1)c of the Asset Management Corporation of Nigeria Act 2010.

“A PERPETUAL INJUNCTION restraining the 4th-6th respondents 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 of the 3rd respondent in gross violation of 10(1)C of the Asset Management Corporation of Nigeria Act 2010.”

•Photo shows Adegboruwa, Esq.

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