Nacat: Acting Cbn Governor, Deputy Sued Over Refusal Declare Assets

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The Network Against Corruption and Trafficking Foundation (NACAT) has taken legal action against Mr Folashodun Shonubi, the acting Governor of the Central Bank of Nigeria (CBN), and Mr Edward Adamu, a Deputy Governor at the bank.

It was learnt NACAT alleged that both individuals failed to declare their assets to the Code of Conduct Bureau (CCB).

The lawsuit, filed in a Federal High Court in Abuja by NACAT’s legal representative, John Ainetor of Festus Keyamo Chambers, also names the Chairman of the Code of Conduct Bureau as a defendant.

The basis for the lawsuit is Section 1(1) and (2) of the Freedom of Information (FOI) Act, 2011.

An affidavit accompanying the initial motion ex parte, sworn by Stanley Ugagbe, the operational manager of NACAT, asserted that the respondents adamantly declined to reveal certain documents.