A Federal High Court sitting in Abuja has ordered suspended Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi to appear before it in a suit filed by some aggrieved shareholders of defunct Intercontinental Bank of Nigeria.
Ruling on an ex-parte application filed by Mr. Chris Uche on behalf of a certain Abdullahi Sani and two others, Justice Abdulramat Mohammed ordered that the originating summons should be served on any adult in the office of the Governor of the Central Bank of Nigeria or on the notice board of the bank.
The plaintiffs joined the Central Bank of Nigeria and the Securities and Exchange Commission (SEC) as defendants in the suit.
In their originating summons supported by a seven-paragraph affidavit, the plaintiffs tasked the court to determine if the suspended governor did not act fraudulently by deliberately strangulating the banking operations of Intercontinental Bank to the detriment of the plaintiffs as shareholders.
They prayed the court to declare Sanusi’s sale of Intercontinental Bank as unlawful, fraudulent and of no legal effect whatsoever.
Justice Mohammed subsequently fixed hearing on the suit for 14th May 2014.
