Author: Lawbreed Limited

The Nigerian Bar Association has released the notice of 2021 Annual Bar practicing Fees and its attendant benefits. The Association made this known in a statement signed by the president, Mr. Olumide Akpata to all Nigerian Lawyers. Read the full statement below: 4 January, 2021 To: All Lawyers in Nigeria Distinguished Colleagues, PAYMENT OF 2021 ANNUAL BAR PRACTICING FEES AND ATTENDANT BENEFITS It is with joy that I write to you all today. I am grateful to our Maker for keeping us all alive and in health to witness a new year, the challenges of the past year and the…

This is to inform our esteemed customers and the general public that in line with our implementation plan for Companies and Allied Matters Act (CAMA) 2020, the Commission has upgraded its registration software to accommodate the changes introduced by the new law on existing entities. The upgrade will also enable all customers to do all post registration filings electronically. Further to this, the Companies Registration Portal will not be available from the 28th December 2020 to 3rd January, 2021, to allow for seamless migration to the new platform. All customers with pending applications should endeavour to conclude same on or…

The Minister of the FCT, Mr. Muhammad Bello has dragged Hon. Justice G.C. Aguma of the River State High Court, before the NJC alleging amongst other things, the improper use of Judicial powers, precisely in a garnishee proceeding against the Honourable Minster and 2 others, to the tune of ‘Three Hundred And Twenty Nine Billion Naira (N329, 000, 000, 000). The petition titled ‘Petition against Hon. Justice G. C. Aguma in Respect of Suit No; BHC/18/CS/2020, BHC/19/CS/2020, BHC/20/CS/2020, BHC/21/CS/2020, BHC/22/CS/2020, BHC/23/CS/2020’; is dated the 20th day of November, 2020. The petition noted that the major parties in the dispute in…

The Federal High Court in Asaba, Delta State, has declared the deduction of N50 as stamp duty on teller deposits or electronic transfer of funds illegal. The court, presided by Nnamdi Dimgba, gave the verdict in a case between a businessman, Rupert Irikefe, and the Central Bank of Nigeria, Zenith Bank, and the Attorney General of the Federation. A copy of the court judgement shows that it was delivered on Thursday, December 9. The judge also condemned how agencies of government treat court judgements with contempt in recent years. The Case Details of the judgement showed that Mr Irikefe, the…

The Nigerian Army has canceled the remaining activities in the ongoing Chief of Army Staff’s annual conference 2020 after a participant died in Abuja, on Tuesday. The victim, identified as Maj. Gen. John Irefin, the General Officer Commanding, 6 Division, Port-Harcourt, Rivers State, reportedly died of complications from COVID-19. A senior military officer confirmed Irefin’s death to The PUNCH on Thursday, describing it as devastating. The acting Director, Army Public Relations, Brig. Gen. Sagir Musa, in a statement on Thursday, said all the conference participants had been directed to immediately proceed on self-isolation in line with the protocol for COVID-…

A FEDERAL High Court in Abuja has suspended further proceedings in the trial of former Chairman of defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina, until December 21, 2020. Justice Okon Abang announced the suspension on Thursday after Maina slumped from the chair on which he sat during proceedings. At the mention of the case, Maina, who had sat close to some of his relatives, moved to a chair close to the dock in front of the courtroom. Lead prosecuting lawyer, Farouk Abdullah, told the court that the case was scheduled for the defence lawyer, Anayo Adibe, to argue his…

The Federal High Court sitting at Port Harcourt, has dismissed a suit filed against a Port Harcourt based company, Dandico Woodman Nigeria Limited (DDNL) for want of jurisdiction. This contained in a ruling dated 3rd November, 2020 delivered by Honourable Justice J. K. Omotosho The Claimant, Asset Management Corporation of Nigeria had in the suit numbered FHC/PH/MISC/40/2017, claimed against Dandico Woodman Nigeria Limited and its director and prime promoter, Chief Daniel Orji, the sum of N102, 154, 979.76 being the current outstanding exposure of the loan granted to Dandico Woodman Limited as at January 2018 and guaranteed by Chief Daniel…

The Chief Justice of Nigeria (CJN), Justice Ibrahim Muhammad will on December 14, 2020, administer the oath on the 72 lawyers recently elevated to the prestigious rank of Senior Advocate of Nigeria. The spokesman of the Supreme Court of Nigeria, Dr. Festus Akande, who disclosed this in a statement on Monday, said the event will hold at the main courtroom as part of events to formally flag off the court’s 2020/2021 legal year. He said: “It will be recalled that 2019/2020 legal year officially ended on Friday 11th September 2020. “Even though normal court sittings started almost immediately after the…

Case No: A1/2019/3127 IN THE COURT OF APPEAL (CIVIL DIVISION) ON APPEAL FROM VERONIQUE BUEHRLEN QC (SITTING AS A DEPUTY JUDGE OF THE HIGH COURT) TECHNOLOGY AND CONSTRUCTION COURT HT-2019-000060 Royal Courts of Justice Strand, London, WC2A 2LL Date: 26/11/2020 Before: LORD JUSTICE FLAUX LORD JUSTICE COULSON and LADY JUSTICE CARR – – – – – – – – – – – – – – – – – – – – – Between: AIC LIMITED Appellant – and – THE FEDERAL AIRPORTS AUTHORITY OF NIGERIA Respondent Paul Key QC (instructed by Mc Dermott Will & Emery UK LLP) for the…

Professional bodies have kicked against plans by the Federal Government to take over unclaimed dividends of public listed companies. They said the move would impact negatively on the capital market as it would discourage investment. President and Chairman of Council, Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), Bode Ayeku, urged the government to respect the rights of shareholders as enshrined in the Nigerian Code of Corporate Governance (NCCG) 2018. The Organised Private Sector (OPS) under the aegis of Nigeria Employers’ Consultative Association (NECA) has also cautioned against the move, saying that it would further strangulate businesses. Expressing concerns…