• Latest
  • Trending
  • All
Acting cbn governor

Acting CBN Governor, Shonubi, Deputy Dragged to court over refusal to declare assets

Dino Melaye dumps PDP, says ‘Party is impotent’

Dino Melaye dumps PDP, says ‘Party is impotent’

When Wolves Wear Sheep’s Clothing by Fatimah Hamid

Killer Of Kwara Final-Year Student Sentenced To Death

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

CAC sets Deadline to delist 100,000 Dormant Companies

CAC sets Deadline to delist 100,000 Dormant Companies

Court orders NYSC to allow Skirts for Female Corps Members

Court orders NYSC to allow Skirts for Female Corps Members

Nigerian Government sets New Entry Age for Admission to JSS 1

Nigerian Government sets New Entry Age for Admission to JSS 1

Пориньте у світ виграшів, де goxbet вход відкриває безмежні шанси для справжніх поціновувачів азарту

EFCC Arrests 25 BUK Undergraduates in Kano

EFCC Arrests 25 BUK Undergraduates in Kano

13 Students from Kwara Injured in Kebbi Road Accident

13 Students from Kwara Injured in Kebbi Road Accident

Natasha denied Entrance to  Senate Chamber [Video]

Natasha denied Entrance to Senate Chamber [Video]

Tinubu Gives Fresh Appointment to Babangida’s Son, Others

Tinubu Gives Fresh Appointment to Babangida’s Son, Others

FULL TEXT: Tinubu’s tribute for Buhari at special FEC

FULL TEXT: Tinubu’s tribute for Buhari at special FEC

  • About Us
  • Advertise with Us
  • Editorial Policy
Thursday, July 31, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home Breaking News

Acting CBN Governor, Shonubi, Deputy Dragged to court over refusal to declare assets

by iDeemlawful
August 27, 2023
A A
Acting cbn governor
FacebookTwitterWhatsapp

A civil group, the Network Against Corruption and Trafficking Foundation (NACAT), has dragged the Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, and a Deputy Governor of the apex bank, Edward Adamu, before a Federal High Court in Abuja, over alleged failure to declare their assets to the Code of Conduct Bureau (CCB).

Also joined as defendant in the suit filed by the group’s legal counsel, Festus Keyamo Chambers, is the Chairman, Code of Conduct Bureau.

RelatedPosts

CBN dragged to Court over ATM fee hike

JUST IN: Governor Adeleke cast his votes as Osun LG poll begins

Meranda presides over Lagos Assembly plenary amidst Tension

JUST IN: Lagos Assembly Speaker, Mojisola Meranda faces mounting pressure to step down

The applicant premised the suit on the strength of Section 1(1) and (2) of the Freedom of Information (FOI) Act, 2011.

Specifically, the group in the suit marked: FHC/ABJ/CS/1182/2023 dated August 25, 2023 is alleging that Shonubi refused to declare his interest in the following companies: 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.

Similarly, the applicant is also alleging that Adamu failed to declare his interest in the following Companies: Pinnacle Solutions Network Ltd – RC698688; Elad Global Resources Limited – RC933366 and Global World Frontier Services Nig. Ltd – RC772500.

An affidavit in support of the originating motion deposed to by one Stanley Ugagbe, the operational Manager of NACAT stated the respondents had vehemently refused to avail them of the documents.

Ugagbe averred that the 2nd respondent, (ag, CBN Gov) is listed as a Director in the following Companies: 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.

Also, the deponent claimed that the 3rd respondent is listed as a Director in the following Companies: Pinnacle Solutions Network Ltd – RC698688; Elad Global Resources Limited – RC933366 and Global World Frontier Services Nig. Ltd – RC772500.

As public officers, Ugagbe stated, the 2nd and 3rd respondents have statutory obligations to declare in their Asset Declaration Forms, the interests they have in the above-named companies, while assuming their respective offices as Acting Governor and Deputy Governor of the Central Bank of Nigeria, CBN.

“That the Applicant has a right under the Freedom of Information Act, (FoI) 2011, to access the Assets and Liabilities Declaration Forms of the 2nd and 3rd respondents, in the records of the 1st respondent, with respect to declaration of the 2nd and 3rd Respondents’ interests in the said companies.

“That the applicant has made demand under the Freedom of Information Act, 2011 to the Respondents to produce their Assets and Liabilities Declaration Forms, where the 2nd and 3rd Respondents declared their interests in the said companies, but that the respondents failed, refused, and neglected to produce the said documents.

The applicant submitted that it needed the intervention of the court to compel the 1st and 2nd respondents to grant the request of the applicant, in accordance with Section 1 (3) of the Freedom of Information Act.

The applicants predicated their prayers on the ground that they had written letters dated July 3, 2023, and August 14, 2023, requesting the respondents to produce the said documents, but they 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.

As public officers, the counsel submitted that the 2nd and 3rd respondents have statutory obligations to declare in their Asset Declaration Forms, the interests they have in the companies while assuming their respective offices as Acting Governor and Deputy Governor of the CBN.

NACAT claimed to be a non-governmental organisation, a pro-democracy civil society organisation whose objectives include contributing to the global war against corruption, financial crimes, terrorism and economic sabotage.

Meanwhile, no date has yet been fixed for hearing of the suit.

Tags: CBNCCBFolashodun ShonubiiPad
Previous Post

Wike Orders Removal of Congratulatory Billboards Following FCT Minister Appointment

Next Post

Again, Atiku Questions Tinubu’s Academic Records

iDeemlawful

iDeemlawful

Related Posts

When Wolves Wear Sheep’s Clothing by Fatimah Hamid
Breaking News

Killer Of Kwara Final-Year Student Sentenced To Death

Girlfriend stabs Boyfriend to Death in Ondo for Cheating
Breaking News

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

Court orders NYSC to allow Skirts for Female Corps Members
Breaking News

Court orders NYSC to allow Skirts for Female Corps Members

Nigerian Government sets New Entry Age for Admission to JSS 1
Breaking News

Nigerian Government sets New Entry Age for Admission to JSS 1

Breaking News

Пориньте у світ виграшів, де goxbet вход відкриває безмежні шанси для справжніх поціновувачів азарту

13 Students from Kwara Injured in Kebbi Road Accident
Breaking News

13 Students from Kwara Injured in Kebbi Road Accident

FULL TEXT: Tinubu’s tribute for Buhari at special FEC
Breaking News

FULL TEXT: Tinubu’s tribute for Buhari at special FEC

President Tinubu extends Christmas Greetings to Nigerians
Breaking News

Tinubu renames Maiduguri Varsity after Buhari

Muhammadu Buhari (1942–2025): Life, Times, “Presidency and Medical Trips”
Breaking News

Seven Powerful Quotes From Buhari That Shaped His Presidency

How Buhari was Honoured, Buried
Breaking News

How Buhari was Honoured, Buried

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In