Author: Lawbreed Limited

The Central Bank of Nigeria, CBN had revised the cash withdrawal limits for individuals to N500,000 weekly from N100,000 weekly across all payment channels. The apex bank also revised the cash withdrawal limit for corporates to N5 million weekly from N500,000 weekly. CBN disclosed this today in a letter to all Deposits Money Banks and other financial institutions, Payment Service Banks, Primary Mortgage Banks, Microfinance Banks, and Mobile Money Operators and agents signed by Director of Banking Supervision, CBN, Haruna Mustapha. According to the regulator, the directive supersede that of December 6, 2022 and would take effect nationwide from January…

The Omnibus Bill, also known as the Business Facilitation (Miscellaneous Provision) Bill 2022, has been passed by the Nigerian Senate. On Tuesday, Dr. Jumoke Oduwole, the Special Adviser to the President on Ease of Doing Business and PEBEC Secretary, announced this. He stated that the law would be delivered to President Muhammadu Buhari for his approval shortly. “It is an intervention by the Presidential Enabling Business Environment Council (PEBEC) to consolidate and amend legislative provisions towards deepening PEBEC reforms and removing bottlenecks for Micro, Small, and Medium-sized Enterprises, MSMEs, in Nigeria. “This development comes on the heels of the recent…

The Acting Chairman, Federal Capital Territory Internal Revenue Service (FCT-IRS), Mr Haruna Abdullahi, says FCT residents will henceforth present a Tax Clearance Certificate (TCC) to… The Acting Chairman, Federal Capital Territory Internal Revenue Service (FCT-IRS), Mr Haruna Abdullahi, says FCT residents will henceforth present a Tax Clearance Certificate (TCC) to carry out certain transactions. Abdullahi said this at a Town Hall Meeting organised by the service in Abuja. The theme of the meeting is, “Demand and Verification of TCC by Ministries, Departments and Agencies (MDAs), Secretariat, Department and Agencies (SDAs), commercial banks and corporate bodies”. The acting chairman said it…

The Lagos Zone of the Tax Appeal Tribunal has ordered Contained Energy Services Ltd to pay the Lagos State Board of Internal Revenue the sum #24,792,954.98 (Twenty-Four Million, Seven Hundred and Ninety-Two Thousand and Nine Hundred and Fifty-Four Naira, Ninety-Eight kobo) only as Tax Assessment obligation and interest covering the period of 2011-2016. The panel led by Professor A.B Ahmed held that Contained Energy Services Ltd never remitted any amount deducted from the emoluments of her employees for the relevant periods and as such, the assessed taxes should attract the due penalty and interest. From facts, the Appellant- Lagos State…

Human rights lawyer Femi Falana, SAN, has said that the Chief Magistrates’ failure to conduct monthly visitation to police stations and other detention facilities in the country is responsible for the impunity in law enforcement agencies among its officials. In a recent press conference with the media titled “Impunity of law enforcement agencies caused by lawyers and judges”, he said that he had made efforts to get the human rights Committees of the over 128 branches of the Nigerian Bar Association (NBA) to mobilise the Chief Magistrates and follow them to police stations, but the efforts have been impossible. The…

Help Conference Incident Investigation Committee (CIIC)identify these persons The Conference Incident Investigation Committee (CIIC) In furtherance of its investigation into the disturbances that occurred during the 62nd NBA Annual General Conference requests the assistance of NBA Branches in identifying the persons in these pictures. The Committee believes they may have information that could be helpful in the ongoing investigation into the circumstances surrounding the picketing of the Conference venue and the subsequent vandalization of the Conference accreditation center at Eko Atlantic City, Victoria Island, Lagos on 23 August 2022. Information given to the Committee about the identities of these persons…

Aliyu Bello, Governor Yahaya Bello’s nephew, and Dauda Sulaiman have been remanded in prison custody by Justice James Kolawole Omotosho of the Abuja Division o the Federal High Court for fraudulently withdrawing N10 billion from Kogi’s treasury. Economic and Financial Crimes Commission disclosed this in a statement on Thursday. Mr Bello was arraigned alongside Abdulsalami Hudu, the Kogi Government House cashier. “They were remanded upon arraignment alongside one Abdulsalami Hudu, Cahier of Kogi State House Administration (now at large) on a 10-count charge of misappropriation and money laundering,” said a statement by the EFCC. The anti-corruption agency added, “Bello and…

The Police in Benue on Friday arraigned 10 persons before a Makurdi Chief Magistrate Court 5 for alleged criminal conspiracy, mischief by fire, inciting disturbance, culpable homicide and acts of terrorism. The Police Prosecutor, Insp. James Ewaoche, listed the accused to include Taghga Michael, Myuega, Chiahemen Iorundu, Terna Kerfefa, Iorchivir Orapine, Mson Avaa, John Iorwa, Terzungwe Mbatsonrun, Iorundu Abuku and Terfa Tsaper. Mr Ewaoche said the case was received through a written petition by Elohim Chambers Legal Practitioners & Notary Public on behalf of Sekullah Nyior, Kator Nyior and Terkimbi Kalagba all of Mbamo in Katsina-Ala Local Government Area, and…

Justice Kayode Agunloye of the Federal High Court, Lugbe, on Friday, summoned the Heads of the Old and New Keffi Correctional Centres, Simon Kaigama and Alao Moses to account for the whereabouts of a suspect, Suleiman Mohammed, who was allegedly involved in the murder and robbery of Mr. Gabriel Adukwu. It was learnt that the suspect was charged before the court for being in possession of the vehicle belonging to the Mr. Adukwu after he was killed, he was also fingered by the family of the deceased as the main organiser of the robbery and murder. Justice Agunloye ordered that…

The police in Oyo State have arraigned a man, Opeyemi Ajala, before a Chief Magistrates’ Court in Iyaganku for the alleged rape of his 21-year-old daughter. Mr Ajala was charged on one count of rape on Friday. Prosecution counsel Amos Adewale told the court that Mr Ajala in August, at Maya Compound , Gaa Legbedu area, Ogbomoso raped his daughter. Mr Adewale said the offence is contrary to the provisions of Section 357 and punishable under Section 358 of the Criminal Code Laws of Oyo State 2000. Chief Magistrate Emmanuel Idowu did not take the plea of Mr Ajala for…