Author: Lawbreed Limited

The Honourable Minister of Finance, Mr Wale Edun on Wednesday 19 February 2025 swore in the newly appointed Commissioners for the Tax Appeal Tribunal in accordance with the provision contained in the FIRS Act. The swearing-in ceremony took place at the Federal Ministry of Finance Building, Federal Capital Territory Abuja. The Tax Appeal Tribunal was established pursuant to Section 59 of the Federal Inland Revenue Service (FIRS) Act of 2007 and its proceedings are guided by the Tax Appeal Tribunal Procedure Rules and the 5th Schedule of the FIRS Act which gives the Tribunal the power to adjudicate over all…

Prevent Plagiarism Day serves as a reminder to honor original work and maintain integrity in writing. Celebrated annually, it emphasizes the importance of crediting the creators of original content. This day aims to raise awareness about plagiarism and educate people on how to avoid it. By doing so, it fosters a culture of honesty and respect for intellectual property, which is essential in both academic and professional settings. How to Celebrate Prevent Plagiarism Day Host a Fun Trivia Game Organizing a plagiarism-themed trivia game is a fantastic way to celebrate! Gather friends, classmates, or colleagues and dive into questions about…

The National Judicial Council (NJC) says Justice Maurice Ikpambese remains the Chief Judge of Benue State. In a statement on Wednesday signed by a spokesperson for the council, Kemi Ogedengbe, the NJC said Ikpambese remains the state’s chief judge until the complaints brought against the chief judge are investigated and deliberated upon by the council. The NJC said the purported removal of the chief judge by the Benue State House of Assembly cannot stand. The judicial council said, “The attention of the National Judicial Council has been drawn to a certain media report to the effect that the Benue State…

Lateef Fagbemi, attorney-general of the federation (AGF) and minister for justice, says the illegal removal of LGA chairpersons by state governors is a treasonable offence. Fagbemi spoke in Abuja on Wednesday during the opening ceremony of an event organised by the Nigeria Bar Association (NBA). Fagbemi, represented by Tijani Gazali, director of civil appeals in the ministry, criticised the growing trend of governors interfering in local government administration in their states. He accused governors and state assemblies of acting in defiance of the constitution and a supreme court ruling that prohibits their interference in LGAs. “It is unfortunate that over…

The Economic and Financial Crimes Commission has secured the conviction of a former banker, Ugenyi Kalu, who was sentenced to four years and two months’ imprisonment for fraud by Justice R.A. Oshodi of the Special Offences Court sitting in Ikeja, Lagos. A statement released on Tuesday by the EFCC via Facebook noted that Kalu, who previously served as the Head of the Lagos Region at NEXIM Bank, was arraigned by the EFCC’s Lagos Zonal Directorate on a five-count charge bordering on official corruption and gratification.One of the charges stated: “That you, Ugenyi Kalu, sometime in November 2016, in Lagos within…

The Nigerian Bar Association views with contempt the purported resolution passed by the Benue State House of Assembly directing Governor Hyacinth Alia to remove the Chief Judge, Honourable Justice Maurice Ikpambwese, from office. The resolution is not only unjustifiable but violates the spirit and intendment of the Constitution of the Federal Republic of Nigeria. The removal of a judicial officer, especially one occupying the esteemed position of Chief Judge, must adhere strictly to due process as outlined in our Constitution. Any deviation from this process is a direct affront to the rule of law and poses a significant threat to…

The Central Bank of Nigeria (CBN) has instructed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets on their official websites. According to CBN, a dormant account refers to a bank account that has remained inactive for at least one year. The directive was outlined in a circular issued on Monday, titled “Guidelines on Management of Dormant Account, Accounts, Unclaimed Balances and Other Financial Assets in Banks and Other Financial Institutions in Nigeria.” The circular was signed by Michael Akuka on behalf of the director of CBN’s financial policy and regulation…

The Federal Government on Tuesday declared that it is working in collaboration with other stakeholders to ensure growth in Nigeria’s Micro, Small and Medium Enterprises (MSMEs) sector. To this end, the National Council on Micro, Small and Medium Enterprises, MSMEs, has set up a committee to interface with the Central Bank of Nigeria to enhance the financing of small businesses in the country. This was part of decisions taken at the first meeting of the National Council on MSMEs for 2025 held at the Presidential Villa, Abuja. Speaking after deliberations by members, Vice President Kashim Shettima said the federal government,…

The Central Bank of Nigeria (CBN) has ordered commercial bank directors with non-performing insider related loans, to step down immediately. This was disclosed in a circular titled ‘Compliance with Insider-Related Credit Limits’ issued on February 17 and signed by Adetona Adedeji, acting director of banking supervision at the CBN. The circular reads: “Directors with non-performing insider-related facilities are required to step down immediately from the board, while the bank should commence immediate remediation of the loans through the recovery of the collaterals, including the shareholdings of the affected directors. The circular stated that all banks must ensure that insider-related loans…

he FBI has arrested Nigerian Pastor Edward Abiodun Oluwasanmi for conspiring with Osun monarch, Oba Joseph Oloyede, to defraud the U.S. government of $4.2 million COVID-19 relief funds. Like the Apetu of Ipetumodu, Mr Oluwasanmi also submitted forged documents to apply for the COVID-19 loans meant to lessen the financial burden of struggling businesses during the pandemic. Mr Oluwasanmi used his three companies Dayspring Property Incorporated, Dayspring Holdings and Dayspring Transportation to obtain millions of dollars which he later diverted for his own personal expenses, in breach of U.S. federal laws. The U.S.-based Nigerian pastor was indicted for fraud on…