A Federal High Court sitting in Lagos on Tuesday adjourned indefinitely further hearing in the suit filed by the former boss of the Nigerian Stock Exchange, Prof. Ndi Okereke-Onyuike.
The formal director-general of the Nigeria bourse is challenging her removal from office by the Securities and Exchange Commission.
She is asking the court to declare that SEC lacked the authority to terminate her appointment and demanded N3 billion compensation.
The former NSE boss equally asked for an order of perpetual injunction restraining SEC and its agents from implementing the letter announcing her removal from office.
Okereke-Onyiuke said that SEC failed to avail her an opportunity to react to allegations levelled against her before announcing her removal on Aug. 4.
Counsel to SEC, Charles Ikewazo, urged the court to adjourn further hearing of the matter pending the determination of an appeal filled in the appellate court.
Okereke-Onyuike’s counsel, Dapo Olanipekun, however, objected to an adjournment, arguing that today was for the hearing of the originating summons and objection of the defendant.
In his ruling, Justice Mohammed Idris, held that he would stay further proceedings as a sign of respect for the justices at the appellate court.
No comments:
Post a Comment