To further promote the legitimacy of arbitration practice in Nigeria, experts and other stakeholders in international commercial arbitration have been urged to uphold independence, impartiality, integrity, as well as, mentoring of the next generation for arbitration practice. This position was reached at the International Arbitration Conference held at the Lagos Arbitration Court by the Committee on International Commercial Arbitration and ADR of the International Law Association, Nigerian Branch, ILA Nigeria. The conference themed “Recent Trends and Opportunities in International Commercial Arbitration had over 200 in-person and online participants in attendance. The pioneer and immediate past Chairperson of the Committee, Mrs.…
Author: Funke
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022, retaining the award for a second consecutive year. The bank was also named as the Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022. The awards, which were presented to the Group Managing Director/Chief Executive of Zenith Bank Plc, Mr. Ebenener Onyeagwu at the London Stock Exchange yesterday, were in recognition of the bank’s ability to embrace digital transformation and best-in-class sustainability and corporate governance practices, leading to a stellar business performance in a difficult economic climate. Commenting…
The Spokesperson and Director, Public Affairs of the Tinubu/Shettima Presidential Campaign Council, Festus Keyamo, has posted a copy of Asiwaju Bola Ahmed Tinubu’s United States visa, on his verified Tweeter handle @fKeyamo. The Twitter post was meant to refute rumours going round that the All Progressives Congress, APC candidate has been denied visa by the U.S. Government. The APC Campaign Council had earlier in a statement said Asiwaju Tinubu would be embarking on a foreign trip between December 4 and 12, to meet Western leaders and pitch his Presidential aspirations. According to the statement; “The APC presidential candidate will travel…
By Dennis Isong One of the key things people majorly look out for before investing big in any business is the location. Although, not everyone gets this right. Many have suffered a huge loss because they had a business in a place where their kind of business was not in demand. The location could either make your business boom or fold up. How do you know that a location will be favourable for you? It is an industrial area, that is, a place where major economic wqactivities happen.A resort centre is close by.The location has many 5-star hotels around. You…
A-60-year-old Mrs. Ibinosun Sandra Esther and a pregnant woman have been arrested during interdiction operations in which 5,527.15 kilograms of methamphetamine and cannabis sativa, as well as 132,090 tablets of tramadol and 2,000 bottles of codeine were recovered by operatives of the National Drug Law Enforcement Agency, NDLEA across five states and the Federal Capital Territory, Abuja in the past week. The grandmother, Mrs. Ibinosun was arrested in Ibadan, Oyo State in a follow up operation following the seizure of 5.5kg Loud variant of cannabis imported into the country from South Africa. The suspect however claimed that the consignment was sent to…
The Resident Electoral Commissioner, REC, for Imo State, Professor Sylvia Uchenna Agu, has reported that the Independent National Electoral Commission office, Oru West Local Government Area was attacked at about 4:00a.m today Sunday 4th December 2022. The incident was communicated on Sunday by Festus Okoye, Esq., the National Commissioner & Chairman Information and Voter Education Committee. He stated that the attack affected the Conference Room where office furniture and fittings were destroyed, but noted that other critical facilities were not affected. According to him,”It would be recalled that on Thursday 1st December 2022, our office in Orlu Local Government Area…
The Body of Attorneys General of the States of the Federation, BOAGS, has expressed displeasure over the Federal Government’s incorrect distribution of funds derived from the Electronic Money Transfer Levy (EMT Levy) to the Federal, State and Local Governments. According to them it is in disregard of constitutional and statutory provisions stating that neither Section 163 of the 1999 Constitution nor Section 89(a) of the Stamp Duties Act, SDA –introduced through Section 48 of the Finance Act 2020) countenance the disbursement of the EMT Levy to the Local Governments. This was part of a communique issued and signed on behalf…
The Chief Security Officer, Amuwo Odofin, FESTAC Town Lagos State, Ms. Ange Ify Udeogalanya, has bursted an international prostitution ring and rescued seven girls from being trafficked to Ghana. Udeogalanya, who is also the Chief Executive Officer, CEO, of Angels Assurance Security Outfits Limited, discovered the first girl Onyinyechi on Saturday morning and later used information gleaned from her to rescue other girls from hotels in FESTAC Town. In the process of rescuing the girls, Udeogalanya and her staff also arrested three of the alleged traffickers. The suspects were handed over to Area E Police Command, for transfer to the…
The Independent National Electoral Commission, INEC, Chairman, Professor Mahmoud Yakubu is currently meeting line editors in Lagos, intimating them about the plan to ensure transparent and credible polls next year. The purpose is to intimate them about the importance of Bimodal Verification Accreditation System, BIVAS, and electronically driven exercise. During the question and answer session he assured that those who had their card burnt during the attack on INEC offices will have the opportunity of voting since arrangement is in place to reprint. On the poor network, he added that INEC is partnering with Nigerian Communications Commission to address the…
The Inspector-General of Police, IGP Usman Alkali Baba, is poised to challenge the contempt proceeding and committal order issued by the Federal High Court sitting in Abuja, to imprison him for three months. The Police boss has now approached the Court to file a motion to set aside the order. According to the Police, it has filed a motion before the Federal High Court in the Federal Capital Territory on Thursday, 1st December 2022, wherein the IGP extensively highlighted grounds why the orders should be set aside noting that he had not been appointed into office as Inspector-General of Police when…