He said the report was a breach of section 36 of the 1999 constitution and therefore quashed same.
‘’The audit exercise was short of due process and is hereby set aside’’, he said in a ruling at the weekend, adding that the report was void since Okereke-Onyiuke was not allowed to present her reaction or defend herself before the audit report or its interim version was in the public domain.
He also ruled there was no legitimate investigation into the affairs of the NSE that is untainted by the highly politicised audit exercise referred to in the present suit
According to him, SEC (defendant) has no authority, power or control over the plaintiff who is no longer the chief executive officer of the Nigerian Stock Exchange,.
He held that any invitation or summons from the commission in that regard may be honoured by her or discountenanced as she chooses.
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