A lawyer-activist, Ebun-Olu Adegboruwa, has sued President Muhammadu Buhari, the attorney-general, and three executive directors of the Asset Management Corporation of Nigeria, AMCON. The directors are namely, Kola Adeyeye, Eberechukwu Eneze and Aminu Ismail. Adegboruwa contends that the recent appointment by President Buhari of the said directors did not comply with the provisions of Section 10 (1) C of the AMCON Act. He prays the federal high court to restrain the appointees from functioning as directors of AMCON based on his purported irregularity in their appointment. Adegboruwa also asked the court to declare that the president cannot appoint directors to AMCON without observing relevant sections of the AMCON Act guiding such act. The lawyer says to the extent of the irregular appointment and reconstitution of the AMCON board, the president’s action should be declared a nullity.
The presidency has not reacted to the suit filed Monday.