• Best Managed Accounts
  • Best IRA Accounts
  • Best Forex Brokers
  • Best Forex Robots
  • Best Saving Accounts
  • Best Stock Brokers
  • Best Crypto Platforms
  • Best Crowdsourced Review Sites
No Result
View All Result
MFA
  • Top
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News
  • Top
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News
No Result
View All Result
MyFinAssets
No Result
View All Result
Home News

A’Court dismisses appeal against citizens’ right to public information

September 16, 2025
in News
0
A A
0

The Court of Appeal sitting in Abuja has delivered two landmark judgments affirming citizens’ right to access public information, dismissing separate appeals filed by the Central Bank of Nigeria (CBN) and ordering it to release details of its settlement with MTN Nigeria as well as records of subsidised foreign exchange granted to pilgrims between 2016 and 2020.

In both unanimous decisions delivered by Justices Usman Alhaji Musale, Boloukuromo M. Ugo, and Mohammed A. Danjuma, the appellate court upheld earlier rulings of the Federal High Court and awarded N500,000 costs against the apex bank in favour of the Human and Environmental Development Agenda (HEDA Resource Centre), which initiated the cases under the Freedom of Information (FOI) Act.

The first case stemmed from HEDA’s 2021 request that the CBN disclose details of its out-of-court settlement with MTN Nigeria after the government accused the telecoms giant of illegally repatriating $8.1 billion in violation of forex regulations.

Justice J.K. Omotosho of the Federal High Court had in January 2024 ordered the apex bank to release comprehensive information, including the initial fine imposed, the final amount paid, the basis of the sanction, concessions granted, and the procedure for granting them. Dissatisfied, the CBN appealed, arguing that the lower court lacked jurisdiction, that the case was an abuse of process, and that its right to a fair hearing had been breached.

It also raised issues about the interpretation of the FOI Act and the Evidence Act. The Court of Appeal rejected all the arguments, ruling that under Section 1(2) of the FOI Act, applicants need not demonstrate a specific legal interest to seek information.

It held that once a request is denied, the burden lies on the public institution to justify the refusal. The court described the CBN’s failure to comply as unlawful and a breach of the FOI Act’s intent.

In the second case, HEDA sought details of subsidised forex allocations granted to pilgrims and other beneficiaries between 2016 and 2020. In May 2023, Justice Mobolaji O. Olajuwon of the Federal High Court directed the CBN to release the requested records, including breakdowns of disbursements, sector-by-sector allocations, and lists of beneficiaries.

The CBN challenged the decision, claiming that the suit was statute-barred, that no such records existed, and that the FOI Act had been misapplied.

The Court of Appeal dismissed these claims, ruling that transparency and accountability are matters of overriding public interest. It also affirmed the supremacy of the FOI Act over conflicting provisions of the Evidence Act, noting that Section 22 of the FOI Act grants it overriding authority.

Trade like pro, no experience needed
Best Managed Accounts 2022
TweetShareShare
Previous Post

15 ransomware gangs ‘go dark’ to enjoy ‘golden parachutes’

Related Posts

15 ransomware gangs ‘go dark’ to enjoy ‘golden parachutes’

September 15, 2025

Bitcoin Price Prediction: Where Is BTC Price Heading In September; Could New All-Time Highs Be Hit

September 14, 2025

Ethereum’s Rally to $6,000+ Is About to Get the Next Boost

September 13, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Top Performing Trading Systems

TechBerry 95%
Forex Cyborg 80%
Automic Trader 75%
DynaScalp 70%
Happy Forex 65%

Follow our Twitter

Popular

  • MetaMask Sets the Stage for Its Own Stablecoin Initiative

    0 shares
    Share 0 Tweet 0
  • 2 cyber scammers held from Punjab, Andhra for duping bizmen of Rs 7cr | Bhubaneswar News – Times of India

    0 shares
    Share 0 Tweet 0
  • DynaScalp Review

    0 shares
    Share 0 Tweet 0
  • Lux Algo Review

    0 shares
    Share 0 Tweet 0
  • Best Crypto to Buy Now: Why Pepeto Could Outshine HBAR, Litecoin and BONK in 2025

    0 shares
    Share 0 Tweet 0

INVESTING

  • Bonds Investing
  • Crypto Trading
  • Forex Trading
  • Mutual Funds
  • ETFs Investing
  • Real Estate Investing
  • Stock Trading

RETIREMENT

  • 401(k)
  • IRA
  • Retirement Planning
  • Retirement Calculator

REVIEWS

  • Online Brokers
  • Robo Advisors
  • Signal Providers

MONEY MANAGEMENT

  • Banking
  • Financial Advisors
  • Money Market Accounts
  • Savings Accounts

PASSIVE INCOME

  • Automated Trading
  • Managed Accounts
  • Passive Income Apps

Are you looking for the best investment plan?

Let our financial advisors help you

Contact Us

PERSONAL FINANCE

  • Financial Independence
  • Saving Money
  • Paying Off Debt
  • Make More Money
  • Best Managed Accounts
  • Best IRA Accounts
  • Best Forex Brokers
  • Best Forex Robots
  • Best Saving Accounts
  • Best Stock Brokers
  • Best Crypto Platforms
  • Best Crowdsourced Review Sites
  • Home
  • Blog
  • Privacy Policy
  • Disclaimer
  • Contact Us

© 2023, Myfinassets

No Result
View All Result
  • Top
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News

© 2023, Myfinassets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In