A Federal High Court in Abuja has ordered the Central Bank of Nigeria to release its data on Forex subsidies and make it available to a civic group, the Human and Environmental Development Agenda (HEDA Resource). This was contained in a court ruling in a lawsuit between the Incorporated Trustees of Human and Environmental Development Agenda (HEDA Resource Centre) and the Central Bank of Nigeria (CBN). The judgement is based on suit number FHC/ABJ/CS/1622/2020, which was filed after the CBN refused the HEDA Resource Centre's Freedom of Information (FoI) request.
Court Orders Nigerian Central Bank To Release Information On Forex Subsidies Given To Oil Marketers After CML ReportThe judgement is based on suit number FHC/ABJ/CS/1622/2020, which was filed after the CBN refused the HEDA Resource Centre's Freedom of Information request.
The HEDA request followed a Civic Media Lab's data investigations programme which found corruption vulnerability in CBN subsidies during an examination. Following the surprising finding of this gap, the lab requested access to the data from the CBN in 2020. The FOI request was likewise unanswered, and HEDA Resource filed a lawsuit against the CBN in November 2020 for failing to react after the seven-day and fourteen-day grace periods had expired.
Despite the court's decision, Akinfolarin remains sceptical that the CBN, which is notorious for failing to follow court orders, will comply with the request.
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