Court asked to suspend sovereign wealth MD, order forensic audit of accounts

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Court asked to suspend sovereign wealth MD, order forensic audit of accounts
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An Abuja-based lawyer, Mr Johnmary Jideobi, has urged the Federal High Court in Abuja to suspend the Managing Director/Chief Executive Officer of the Nigeria Sovereign Investment Authority, Uche Orji,

and order a forensic audit of the organisation’s accounts from inception.

But the plaintiff argued in his suit that various provisions of the NSIA Act violated the provisions of sections 80 and 162 of the Nigerian Constitution which created the Federation Account/Consolidated Revenue Fund Account and provided that all revenues accruing to the Federal Government must be paid into them and shared by the tiers of governments.

The rest of the defendants are the NSIA, the agency’s managing director, Orji; the Attorney-General of the Federation, Mr Abubakar Malami , and the Minister of Finance, Mrs Zainab Ahmed. He also asked the court to order the office Minister of Finance to “defray the expenses arising from the forensic audit.”

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