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    MarketForces Africa » MarketForces News » Presidential Ambition: Emefiele Asks Court to Stop FG, INEC from Taking Actions

    Presidential Ambition: Emefiele Asks Court to Stop FG, INEC from Taking Actions

    Julius AlagbeBy Julius AlagbeMay 9, 2022Updated:October 17, 2025 News No Comments3 Mins Read
    Presidential Ambition Emefiele Asks Court to Stop FG, INEC from Taking Actions
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    Presidential Ambition: Emefiele Asks Court to Stop FG, INEC from Taking Actions

    Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has sought an order from a Federal High Court in Abuja restraining the Federal Government from removing him from office over his presidential ambition.

    Emefiele, through his counsel, Chief Mike Ozekhome, SAN, on Monday sought the order pending the hearing and determination of the substantive matter.

    He also prayed Justice Ahmed Mohammed to stop the Independent National Electoral Commission (INEC) from taking any action against him in the bid to contest the presidential primary by virtue of his office.

    The CBN governor made the prayers in an ex-parte motion dated and filed on May 9 by Ozekhome, seeking an order of maintenance of status quo ante Bellum pending the hearing and determination of the substantive suit.

    INEC is the 1st defendant, the Attorney-General of the Federation (AGF) is the 2nd defendant in the suit.

    Moving the motion, Ozekhome said though his client had not told him under which political party he would love to contest, the application became necessary in order for the court to determine the constitutionality of his (Emefiele’s) decision.

    “The plaintiff is a current governor of CBN. He desires to run for the office of president of Nigeria in the election coming up in 2023.

    “But he is in a dilemma whether he can run. Can he run? If he can run, when must he leave office as CBN governor?

    “We want the interpretation of the law as it is today,” he said.

    He argued that Emefiele, by virtue of Section 318 of the 1999 Constitution, is a public servant.

    He said that only political appointees are caught with Section 84(12) of the Electoral Act, 2022, which he said had been struck down by a Federal High Court sitting in Umuahia in Abia.

    According to him, the matter is currently on appeal and the Court of Appeal has not come up with a decision. “Even if the Court of Appeal upturn that judgment, is the plaintiff a political appointee? Our answer is no,” he said.

    He argued further that Emefiele is only bound by Section 137 which says that a public officer shall resign from office not later than 30 days before the election.

    “This is the constitution and we seek constitutional interpretation of this matter,” he said.

    But in his ruling, Justice Mohammed did not grant the motion. Rather, he adjourned the matter until May 12 for ruling.

    The judge made an order directing the INEC and AGF to appear on Thursday by noon why Emefiele’s prayers should not be granted. He ordered that all the applications, including the ex-parte, filed in the course of the matter be served on all the defendants.

    He also directed that hearing notices be issued to the defendants to appear on the said date to show cause why the prayers should not be granted. #Presidential Ambition: Emefiele Asks Court to Stop FG, INEC from Taking Actions

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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