Author: Lawbreed Limited

President Bola Ahmed Tinubu has suspended the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office with immediate effect. Willie Bassey, a Director in the Office of the Secretary to the Government of the Federation, announced this in a statement on Friday night. “This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy. “Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation…

President Bola Tinubu has assented to the electricity bill, which authorizes states, companies and individuals to generate, transmit and distribute electricity. The new electricity law repeals the Electric Power Sector Reform Act (EPSRA) which was signed by President Olusegun Obasanjo in 2005. The EPSRA (2005) provided the legal, regulatory and governance frameworks underpinning the Nigerian Electricity Supply Industry (NESI). The new Act signed by Mr Tinubu consolidates all legislations dealing with the electricity supply industry to provide an omnibus and ideal institutional framework to guide the post-privatization phase of the Nigerian Electricity Supply Industry and encourage private sector investments in…

The Federal High Court sitting in Abuja, on Tuesday, wielded the big stick against a legal practitioner, Mr. Chuks Nwachukwu, who is ordered to pay a fine of N20 million for filing a frivolous suit to stop the inauguration of President Bola Tinubu on May 29. The lawyer, represented five residents of the Federal Capital Territory, FCT, that applied for an order of the court to halt Tinubu’s swearing-in ceremony that held at the Eagle Square, Abuja. He had among other things, asked the court to restrain the Chief Justice of Nigeria, CJN, Justice Olukayode Ariwoola or any other judicial…

The National Industrial Court of Nigeria, Abuja division, has restrained the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) from embarking on strike over the removal of petrol subsidy. The federal government had asked the court for an interim injunction preventing the labour unions from proceeding on the strike scheduled to begin on Wednesday. Delivering the ruling on Monday, Olufunke Anuwe, the presiding judge, said the unions should halt the planned strike pending the hearing and determination of the ex parte motion filed by the federal government. On June 2, NLC issued a five-day ultimatum to the federal…

A Federal High Court, Abuja on Monday, awarded a N10 million fine against Mr Festus Keyamo, the immediate-past Minister of State for Labour and Employment, for filing a frivolous suit against Alhaji Atiku Abubakar, the Peoples Democratic Party (PDP)’s presidential candidate in the Feb. 25 election. Justice James Omotosho, in a ruling, awarded a N5 million fine each in favour of Abubakar and the Independent Corrupt Practices and other related offences Commission (ICPC), making a N10 million against Keyamo. Justice Omotosho, who described the suit as “frivolous, vexatious and abuse of court processes,” directed that the fine should be paid…

The Nigerian Bar Association has instructed Lawyers to go to the secretariats of their respective Branches to pick up their seals. The Association’s publicity secretary, Habeeb Lawal, apologized for the dispatch’s delay in a message on Monday. ”We acknowledge the delay in the issuance of NBA seals and we apologise for the inconveniences.” ”We however now encourage you to visit your Branches’ secretariats as most seals have been dispatched between 11/5/23 and 1/6/23.” RECORDS OF STAMPS POSTING 11TH MAY 2023 S/N BRANCH NUMBER OF STAMS DATE SENT 1 OKITIPUPA 7 11/05/2023 2 ENUGU 9 11/05/2023 3 BADAGRY 26 11/05/2023 4 MAIDUGURI…

A section of Magistrate Court in Abakaliki, Ebonyi capital was gutted by fire suspected to have been caused by a spark from an electricity transformer. Mr Nnenna Onuoha, Chief Registrar, Ebonyi high Court told the News Agency of Nigeria (NAN) on Monday that the fire which occurred on Friday Night also burnt exhibits and the court One Chamber in particular. “We were alerted by our colleagues living at the Magistrate quarters. It took the intervention of security men, some staff members and state fire service to put the fire under control. “A lot of exhibits and the court chamber were…

The Lagos Zone of the Tax Appeal Tribunal has dismissed the case filed by Bolt Operations challenging the legality of the Federal Inland Revenue Service to appoint her as agent of collection of the Value Added Tax from the Food vendors and the Ride-hailers. The Panel led by Hon. (Prof.) A. B. Ahmed held that the action of the Federal Inland Revenue Service to have appointed Bolt Operations to act as Agent of the Federal Government of Nigeria in the collection of VAT on the goods and services supplied by the food vendors and Ride-hailers on the Platform of the…

Starting this year, the Russian government will begin teaching three major African languages in a few Moscow schools as part of efforts to strengthen links with the continent. This is coming in light of the growing international isolation Russia is experiencing as a result of the invasion of Ukraine. According to Alexei Maslow, director of the Institute of Asian and African Studies at Lomonosov Moscow State University, the languages will be taught in four yet-to-be-disclosed schools starting in September 2023. The languages include Swahili, which is widely spoken in Eastern Africa, Amharic, and Yoruba, which are spoken in Nigeria and…

Group Managing Director of the Nigerian National Petroleum Company Limited, (NNPCL) Mele Kyari has assured that other players in the downstream sector of the oil industry will be given adequate leverage to join the oil giant in the importation of Premium Motor Spirit (PMS) otherwise called petrol. Kyari gave the assurance on Thursday in Abuja after a closed-door meeting with the national leadership of the All Progressives Congress held at the party’s national secretariat. Certain players in the sector, the Independent Petroleum Marketers Association of Nigeria, (IPMAN) the Major Oil Marketers Association of Nigeria, (MOMAN) and the Depot and Petroleum…