Author: Lawbreed Limited

The Chairman, Economic and Financial Crimes Commission, Mr Ola Olukoyede, has lamented the craze for gratification, and quest for bribes by some of the commission’s investigators. He cautioned the perpetrators to discontinue such immoral acts or face sanctions. Olukoyede stated this on Thursday in his New Year address to staff members of the anti-graft agency at the commission’s headquarters in Abuja. While noting that the preceding year threw up monstrous challenges on the corporate strength of the EFCC, he added that the commission has been able to stabilise the system and roll out fresh initiatives and policy direction for the…

The Federal Airports Authority of Nigeria (FAAN) has confirmed the relocation of the headquarters of the organisation back to its original base in Lagos. The decision to relocate the FAAN headquarters to Lagos according to FAAN was taken after due consultations with key players. In a statement issued on Thursday night by the Director, Public Affairs and Consumer Protection, Mrs Obiageli Orah, the continuous retention of the FAAN head office in Abuja is no longer in the best interest of the Authority and the country for obvious reasons. Among the reasons for the latest relocation include “Following wide consultations by…

Abia Gov Otti Drafts Okonjo, Sanusi, Oteh, Omogui Into 20-Member Economic Council PRESS RELEASE: INAUGURATION OF THE ABIA STATE GLOBAL ECONOMIC ADVISORY COUNCIL Abia State Governor, Dr. Alex Otti, OFR, has announced the constitution of the Abia Global Economic Advisory Council (AGEAC) as part of his administration’s strategic plan to ensure the overall economic development of the state. Consequently, Governor Otti has appointed 20 distinguished Nigerians with global acclaim to serve on the Council, aimed at building Abia into a self-sustaining economic hub. Those appointed are: 1. Ms. Arunma Oteh, OON – Co-Chair 2. His Highness Khaleefa Muhammad Sanusi II,…

The Northern Elders Forum (NEF) has expressed deep concern about the reported plans by the Central Bank of Nigeria (CBN) to relocate major departments from the Abuja headquarters to the former headquarters in Lagos. It expressed its opposition to the move which, it alleges, would widen economic disparity between Northern and Southern Nigeria. NEF, in a statement by its director of publicity and advocacy, Abdul-Azeez Suleiman, said the organisation recognises the importance of the departments in question, including Banking Supervision, DBS; Other Financial Institutions Supervision, OFISD; Consumer Protection Department (CPD); Payment System Management Department (PSMD) and Financial Policy Regulations Department…

A Federal High Court, Abuja, on Wednesday, ordered the Inspector-General (I-G) of Police to pay a woman, Mrs Mary Kajo, the sum of N100 million over the arrest, unlawful detention, torture and alleged death of her husband, Mark Kajo. Delivering judgment, Justice Inyang Ekwo, also ordered the police authorities to pay the sum of N500, 000 as the cost of filing the suit. Justice Ekwo directed a five per cent post judgment interest on the fine until the judgment debt is fully settled The judge, who observed that the police authorities did not challenge the case of the applicant, said:…

Actor and former US politician Arnold Schwarzenegger was detained by German customs officers at Munich Airport on Wednesday for failing to declare a valuable luxury watch. “He is sitting with us, that’s right,” a spokesman for the main customs office in Munich told dpa on Wednesday afternoon. Criminal tax proceedings had been initiated against Schwarzenegger, a world-champion body builder and action film star who also served two terms as governor of the US state of California. The German newspaper Bild first reported Schwarzenegger’s detention. According to the customs authorities, Schwarzenegger had not declared a valuable luxury watch upon arrival in…

The House of Representatives Committee on Constitution Review will be inaugurated as soon as the National Assembly resumes from its Christmas/New Year recess. The committee chaired by the Deputy Speaker, Benjamin Kalu, is expected to commence work when the House reconvenes on Tuesday, January 30. Investigation revealed that the 37-man committee comprises one representative from each of the 36 states of the federation and the Federal Capital Territory. Speaking in confidence, an associate of Kalu said, “I can confirm to you that all is now ready for them to start their work. They have gathered relevant documents and are only…

Colleagues, I am pleased to share exciting news regarding a groundbreaking partnership for the upcoming NBA-YLF Summit in 2024. The NBA-YLF Council, in its commitment to enhancing the value of your participation, has secured a significant collaboration with Lawbreed Limited, aptly themed “25-for-25.” Under this exclusive partnership, Lawbreed pledges a generous 25% discount to the NBA-YLF Summit 2024 delegates. This discount applies to purchases of Lawbreed publications valued at a minimum of N25,000.00 (Twenty-Five Thousand Naira) or more. The focus is on empowering YLF colleagues by aiding in developing their libraries and practices for more tremendous success. NBA-YLF Summit 2024…

The Chief Judge of Lagos State, Hon. Justice Kazeem Olanrewaju Alogba has established two additional judicial divisions covering new geographical areas across the state. In a public notice issued on January 10th, the Lagos State Judiciary announced the creation of the Eti-Osa Judicial Division and the Yaba/Surulere Judicial Division. The Eti-Osa Division will cover the entire Eti-Osa Local Government Area, Eti-Osa East LCDA and Iru/Victoria Island LCDA. While the Yaba/Surulere Division will cover Lagos Mainland LG, Surulere LG and Yaba LCDA. According to the Chief Registrar, T.A Elias, the commencement of legal operations, filing of new cases and adjudication will…

In a move to avoid any managerial and administrative vacuum, the Central Bank of Nigeria (CBN) has swiftly appointed new management teams for Union Bank, Keystone Bank and Polaris Bank whose boards and management were dissolved on Wednesday. Although all appointments are interim, Yetunde Oni takes over Managing Director of Union Bank while Mannir Ubali Ringim is the Executive Director. The interim managers for Keystone are Hassan Imam, who is the Managing Director and Chioma A. Mang who is appointed as the Executive Director. Lawal Mudathir Omokayode Akintola is the managing director for Polaris and Chris Onyeka Ofikulu is the…