Sanusi had filed a law suit challenging the powers of President Jonathan for suspending him from office.
(READ MORE: Nigeria's Sanusi responds to suspension)
Fabian Ajogwu, Jonathan’s counsel told CNBC Africa that the suspended governor had options of accepting the ruling of the court or appealing the decision.
“What is important is that the Federal High Court has essentially put the position in law that Sanusi is indeed a government employee and matters of this nature should be heard in an industrial court,” he said.
(READ MORE: Sanusi responds to allegations)
“The suspension was actually done to pave way for issues that came prior before whistleblowing involving the misappropriation of funds and expenditure of 163 billion naira when authorised expenditure of the central bank is 100 billion naira,” he added.
He questioned if it was possible for an entity to spend 63 per cent in excess of an approved budget in alleged corporate social responsibility.
Ajogwu said it was important for occupants in important institutions not only in Nigeria but in Africa as a whole to respect the mandate given to institutions.
(READ MORE: Jonathan tells Sanusi to quit)
“The central bank is an independent institution and should not be interchanged by an occupier. What Africa needs are strong institutions not necessarily strong men, the suspension of Sanusi demonstrates that nobody is above the law.”
“I do not know what the justification for spending such an amount on social responsibility that’s why a fair hearing is essential. The central bank’s responsibility is among others dealing with monetary policy and nothing to do with building auditorium, kitchen facilities in universities and centres of excellence,” Ajogwu said.
(WATCH VIDEO: Sanusi faces prosecution over alleged fraud)
Sansui’s term was due to end in June.
Prior to his suspension, he was threatening to present evidence to the country’s national assembly that he claimed would show that the state oil company had failed to remit around 20 billion US dollars it owed to federal.