Flutterwave, a leading fintech company in Africa, was a proud sponsor at the recently concluded 17th Annual Business Law Conference organized by the Nigerian Bar Association (NBA).

The conference, which took place between Wednesday, 5th to Friday, 7th July 2023, was held at the prestigious Eko Convention Centre, located in Eko Hotel & Suites, Victoria Island, Lagos.

Under this year’s theme “The Nigerian Business Landscape – Priorities for Law, Policy, and Regulation,” the conference brought together legal professionals, business leaders, policymakers, and regulators to discuss and explore the most pressing issues and challenges within the Nigerian business ecosystem. Other notable companies that were present include MTN, African Development Bank Group (AFDB), and Guinness Nigeria.

As a headline sponsor for the 3rd consecutive year, Flutterwave’s commitment to powering the conference reflects its recognition of the crucial role that legal frameworks, policies, and regulations play in facilitating business development and economic growth in Nigeria. Furthermore, Flutterwave’s participation demonstrates its dedication to fostering collaboration and promoting dialogue among legal practitioners, policymakers, and business leaders.

The conference featured a diverse range of panel discussions, keynote speeches, and offline exhibitions from different companies. Attendees gained valuable insights into investment opportunities in Nigeria’s mining sector, creative rights in a digitalized industry, the future of industrial agriculture in Nigeria, and general legal practice management.

Commenting on Flutterwave’s participation, the Chief Regulatory Officer, Bankole Falade stated, “We are honoured to be a part of the Nigerian Bar Association’s Annual Business Law Conference once again. This event provides a vital platform for stakeholders to collectively address the challenges and opportunities within Nigeria’s business landscape. We remain committed to working closely with policymakers and regulators to drive innovative solutions and create a conducive ecosystem for economic growth in Nigeria.”

[Nairametrics]

Former President, Olusegun Obasanjo has the Nigerian brand of democracy that does not deliver dividends to the people.

 

Obasanjo made this known during a colloquium I’m commemoration of the 60th year of Aare Afe Babalola at the bar, held at ABUAD campus in Ado-Ekiti, Ekiti State.

 

According to him, democracy, and good governance must lead to the welfare and well-being of the people, particularly the common people.

In his words, “In the American constitution, every person is born equal not every citizen, and they enjoy the constitutional right. But with us, the constitution is breached.

“We have no democracy that delivers the dividends of democracy. And if your democracy does not deliver, anything goes.

“Most of the people who are supposed to manage the constitution are the ones who undermine the constitution. Your democracy must deliver the dividends of democracy.

“I believe that constitutionalism and democracy must be for the welfare and wellbeing of the people. Leadership at all levels requires certain things character, understanding knowledge, and sacrifice and if these are not there, we are deceiving ourselves.

“All these must lead to the welfare, prosperity, security of the people and if we cannot manage it doesn’t matter what we talk about the constitution, democracy.”

[Vanguard]

 

 

The immediate past governor of Kaduna State, Nasir El-Rufai, has stated that Nigeria’s leadership should be based on merit and not on entitlement.

El-Rufai said this at the launch of the autobiography and retirement programme of Professor Ishaq Akintola of Lagos State University (LASU) on Sunday.

Akintola, who is also the founder of Muslim Rights Concerns (MURIC), retired from LASU having attained the statutory retirement age of 70, the News Agency of Nigeria (NAN) reports.

 

El-Rufai, who was the keynote speaker and awardee at the ceremony, noted that the sound footing with which the administration of President Tinubu started has deflated the ranks of those against the same faith ticket.

He said: “The way with which the present administration at the centre is changing things for the common good of the Nigerian people within a short period shows that leadership should be hinged on merit and not entitlement basis.

“We must de-emphasise religion and ethnic colouration for us to build a society free of ethnic nationality, religion, or political-leaning discrimination.

“As members of the two major religious groups in the country, if we find ourselves in public positions, we should ensure we practice the basic principles of leadership as encapsulated in both religions.”

[DailyPost]

A Federal High Court, Abuja, on Monday, stopped the Independent National Electoral Commission from prosecuting the suspended Adamawa Resident Electoral Commissioner, Hudu Yunusa-Ari, over his declaration of Aisha Dahiru, the All Progressives Congress candidate, as governor in the March 18 poll.

Justice Donatus Okorowo made the order after Mr. Michael Aondoaka, SAN, counsel to Dahiru, moved the ex-parte motion to the effect.

In the ex-parte motion marked: FHC/ABJ/CS/935/2023, the APC candidate in the poll, sued INEC, the Attorney-General of the Federation, and another as respondents.

Aondoaka while moving the motion on Monday, argued that until the election petition tribunal decides the fate of his client in accordance with Section 149 of the Electoral Act, 2022, the prosecution of Yunusa-Ari cannot be said to be valid.

 

He said the decision of INEC to file an action against any person involved in Dahiru’s April 15 declaration as winner of the supplementary poll in the state when the tribunal was yet to determine the petition of his client, would deprive her of Section 285(6) of the law which gives 180 days within which the petition filed on May 6 should be dispensed with.

The senior lawyer, who informed the court that though a similar suit was earlier filed before Justice Inyang Ekwo where a judicial review of INEC’s action was sought, he said the sister court ordered Binani to approach a tribunal with her suit, having been an election-related matter.

He said an undertaking had been signed to prove to the court that the present suit was not frivolous.

He said in the undertaking, they were ready to face any cost should the court find the case to be frivolous.

After listening to Andoaka, Justice Okorowo ordered the parties to maintain the status quo ante bellum pending the hearing and determination of the matter.

The judge, who adjourned the matter until July 18 for a hearing, ordered the respondents to show cause while the reliefs sought by Dahiru, popularly called “Binani”, should not be granted,

NAN

 

The Bishop of the Catholic Diocese of Sokoto, Dr. Matthew Kukah, delivering a keynote speech at the 60th anniversary of Aare Afe Babalola on his call to bar in Ado Ekiti, Ekiti State, on Monday, decried that Nigeria is sharing its sovereignty which is guaranteed in the constitution with bandits and other terrorists. The Bishop berated failed leadership of the country for the insecurity crisis.
According to the Catholic Bishop, “nobody is excited now about being a Nigerian even if they are President or Senators, as the country is literally being held hostage by people who threaten the very existence of our democracy and country”.

Nigeria is sharing its sovereignty with bandits, other terrorists - Kukah

Aare Afe Babalola SAN

Bishop Kukah stated that many Nigerians have lost faith in the judiciary, noting that, though, he considers the judiciary a victim the same way every other institutions in Nigeria are encountering crisis of autonomy.

Kukah cautioned: “Nigeria should not yet assume that it is a democracy but instead assume that it is matching towards democracy, which means rebuilding Nigeria “after the kind of mess the last administration has left the country.”

He advocated that it is time to rebuild the country, no matter what happens at the Supreme Court concerning the election. He expressed optimism that that Nigerians have put the “ugly past” behind them.

 

Kukah berated former President Muhammadu Buhari, saying that corruption was worse in the Buhari administration.

Bishop Kukah had declared: “We have seen the worst phase of corruption in Nigeria, Femi Falana, my friend here will speak about that because he has published a series of articles talking about what happened under the Buhari administration.

“They were not the ones who caused corruption but I think in the last administration, we saw the ugliest phase of corruption whether in moral terms, financial terms and other terms.”

Foreign investors overlooked 28 states as the value of capital importation into Nigeria grew by 6.78 percent in the first quarter of 2023, according to the National Bureau of Statistics (NBS).

The total capital imported stood at $1.13 billion, up from the $1.06 billion recorded in Q4 2022.

According to the NBS report, the 28 states that failed to attract foreign investment in Q1 2023 include:

  • Abia
  • Bauchi
  • Bayelsa
  • Benue
  • Borno
  • Cross River
  • Delta
  • Ebonyi
  • Edo
  • Enugu
  • Gombe
  • Imo
  • Jigawa
  • Kaduna
  • Kano
  • Katsina
  • Kebbi
  • Kogi
  • Kwara
  • Nasarawa
  • Osun
  • Oyo
  • Plateau
  • Rivers
  • Sokoto
  • Taraba
  • Yobe
  • Zamfara

LAGOS A MAGNET FOR INVESTORS

 

In the quarter under review, Lagos took the lead as it outshined others — and the federal capital territory (FCT) — to top the list of states that attracted the most investments.

Analysis by TheCable Index shows that the country’s major commercial city attracted $704.87 million, representing 62 percent of the total capital inflow into Nigeria.

Babajide Sanwo-Olu, governor of Lagos, recently assured investors that the state is the right place for investments and “the crown subnational jewel of the African economy”.

 

He said Lagos was ripe for investments in financial technology, education technology, health technology, business process outsourcing (BPO), talent training and placement, or physical infrastructure like data centres, among others.

According to the NBS report, the FCT emerged as the second top investment destination with $410.27 million — representing 36 percent of the total capital inflow in the country.

Other states that attracted foreign investments in Q1 2023 are Akwa Ibom ($5.21 million), Adamawa ($4.50 million), Anambra ($4 million), and Ogun ($2.09 million).

Niger made the list with $1.50 million, Ondo had $0.20 million, and Ekiti secured $0.01 million.

 
 
[TheCable]

Nine months after the multi-million Naira airfield lighting systems at the domestic runway 18 Runway/36Left of the Murtala Muhamed Airport were reinstalled, information reaching the Nigerian Tribune has indicated that the entire lighting system on the runway has been mysteriously carted away.

The criminals were said to have taken advantage of the closure of the runway for over three months to carry out the dangerous criminality at the number one gateway airport.

According to a source, the airfield lighting components were carted away by some workers at the Federal Airports Authority of Nigeria (FAAN) in connivance with some outsiders who have access to the runway site.

 

“The criminal took advantage of the closure to commit the crime. I can not give the actual worth of the theft, but almost all the lighting was removed. The Permanent secretary came around to see for himself the huge damage done. A lot of FAAN officials have been suspended”, the source confirmed.

Following the scandal, some heads of relevant departments at the organisation have been suspended on the directives of the permanent secretary of the Ministry of Aviation, Dr Emmanuel Meribole, after inspecting the damaged site. At the same time, investigations have since commenced to unravel those responsible for stealing the safety equipment.

The theft of the components, which has elicited anger amongst key players both in FAAN and the sector in general, has once again been blamed on the porosity of the airport environment, where many undesirable elements can easily access the restricted areas of the airport.

 

The ability of the thieves to comfortably remove the huge components away from the restricted airside undetected has been attributed to sabotage by some workers in the Authority and aided by the thick forest surrounding the airport, which makes it easier for such undesirable elements to hide behind cover till convenient opportunity comes for them to achieve their aims.

According to the information gathered, the latest theft of safety equipment at the Lagos airport was not the first incident, as the airport has recorded similar security breaches.

 

Not long ago, a similar incident occurred when some workers from a sister agency of FAAN who were involved in the theft of some navigational equipment at the airside were caught and suspended.

According to a source who confirmed the latest incident to the Nigerian Tribune, the regular incursion and theft of safety components at the airports are being carried out by a syndicate consisting of some workers of the agencies who have access to the restricted areas and accomplices from outside.

Despite the regular patrol of security vehicles around the airside, the undesirable elements have formed the habit of hiding behind the thick forests once they sight an oncoming security vans.

 

For 15 years the Lagos airport domestic runway 18Left was shut down to  night operations due to the absence of airfield lightings which put the domestic airlines through financial stress as they were forced to make use of the runway 19 at the international airport which consumes more aviation fuel because of the longer distance.

The multi million airfield was finally reinstalling in November 2022.

[Tribune]

 

 

 

 

 

 

The Federal Competition and Consumer Protection Commission has said it will delist any loan application harassing customers and ask Google to permanently delete such apps from its app store.

This was in response to the continued harassment and defamation being meted on Nigerians by these digital lenders. It was also the newest measure implemented by the Federal Government to protect Nigerians from the activities of these digital lenders.

Earlier in the year, the FCCPC mandated loan apps to register with it. So far, 180 apps had got full or conditional approval from the commission to operate in the country. Google also recently announced that loan apps would not be allowed on its app store without regulatory approval.

In April, Google announced that loan apps on Play Store would lose their ability to access users’ contacts or photos from May 31, 2023.

Despite this, loan apps had continued to harass customers.

The Chief Executive Officer of the FCCPC, Babatunde Irukera, said the commission was ready to permanently shut down the activities of these apps.

He told The PUNCH, “We have read the stories. But we have to investigate to make sure that the evidence truly exists.

“The consequence of this, they know it, is that if any of these defamatory messages or harassments goes out again, they will be delisted, and we will ask Google to take them down permanently. But we can’t take that kind of step without knowing for sure because what we’ve found is that the loan apps that are still doing those things are not on Google.”

He explained that many apps harassing customers had names like registered ones. He noted, “Most of the complaints we’ve received about these things show that the companies are not on our list/ Google. They are the ones who are using WhatsApp, APK, and other softer, below-the-radar channels to engage consumers.”

Irukera advised consumers to only take loans from approved loan apps since they were easier to find and sanction.

Last modified on Monday, 10 July 2023 13:39

The All Progressives Congress (APC) candidate in the Adamawa governorship election, Aisha Dahiru, popularly called “Binani,” has, again, sued the Independent National Electoral Commission (INEC) over the nullification of her declaration as governor of Adamawa in the March 18 governorship election.

Binani, through her counsel, Michael Aondoaka, SAN, filed the fresh suit before Justice Donatus Okorowo of a Federal High Court, Abuja.

In the ex-parte motion marked: FHC/ABJ/CS/935/2023, the APC candidate in the poll, sued INEC, the Peoples Democratic Party (PDP) and its candidate, Gov. Ahmadu Fintiri as 1st, 2nd and 3rd respondents, respectively.

Binani, again, sought a judicial review of the decision by INEC to reverse her earlier announcement as winner of the poll by the state’s Resident Electoral Commissioner (REC), Hudu Yunusa-Ari.

Aondoaka while moving the motion on Monday, argued that it was the election petition tribunal that was vested with the power to decide the fate of his client in accordance with Section 149 of the Electoral Act, 2022.

He said the decision of INEC would deprive Binani of Section 285(6) which gives 180 days within which her petition filed before the tribunal on May 6 could be dispensed with.

The senior lawyer, who informed the court that though a similar suit was earlier filed before Justice Inyang Ekwo, said the sister-court ordered Binani to approach a tribunal her suit, having being an election-related matter.

He, therefore, sought a review of the INEC’s action.
He said an undertaking had been signed to prove to the court that the present suit was not frivolous.

He said in the undertaking, they were ready to face any cost should the court found the case to be frivolous.

After listening to Andoaka, Justice Okorowo stood down the matter for ruling.

Recall that Binani had, on April 26, withdrew the suit before Justice Ekwo, following the declaration of Fintiri as the winner of the governorship poll.

Binani’s counsel, Mohammed Sheriff, upon resumed hearing in the matter, had told Justice Ekwo that a notice of discontinuance had been filed to that effect and urged the court to strike out the case.

Justice Ekwo reminded Mr Sheriff that an order was given on the last adjourned date directing him to address the court on whether the court had the jurisdiction to entertain the case or not.

The lawyer, who informed the court that a lot of issues had come up between the last date of adjournment and today, begged for an order striking out the suit.

The judge, however, held that since Mr Sheriff had failed to go by the order of the court, the appropriate thing to do was to dismiss the matter.


The judge, consequently, dismissed the suit.

Former Ekiti State Governor, Ayodele Fayose says members of the G5 or Integrity Group within the Peoples Democratic Party (PDP) should be appreciated by President Bola Tinubu for the role they played in his victory at the February 25, 2023 presidential election.

Fayose, who spoke on Channels Television’s Sunday Politics programme, said ex-Rivers State governor, Nyesom Wike has what it takes to be a minister and “must serve” in the Tinubu’s government.


He said the G5 has no intention of crossing over from the PDP to the ruling All Progressives Congress (APC) but maintained that the PDP leadership must put its house in order.

 

“The former governor of Benue (Samuel Ortom) is the oldest by his age. If he is still decamping, his children must disown him. The Wike I know, forget that Wike will leave the PDP,” Fayose said.

The G5 is made up of four PDP ex-governors  — Okezie Ikpeazu (Abia), Ifeanyi Ugwuanyi (Enugu), Samuel Ortom (Benue), and Nyesom Wike (Rivers) as well as one current governor, Seyi Makinde (Oyo).

‘Asiwaju Needs A Man Like Wike’

On the possibility of Wike being in Tinubu’s cabinet, Fayose said, “What is wrong with that? How is anybody affected by that? I don’t want to be minister but if Asiwaju (Tinubu) says ‘Fayose, you will be minister’ and I agree, what is their headache?”

“I want Wike to be in cabinet. Wike has what it takes to serve Nigeria. Wike is an articulate, capacity person. Nigeria needs (an) average bad person. I support Wike. If Asiwaju finds him or any of the G5 worthy, please serve in Asiwaju’s government.

“I will be disappointed if Asiwaju does not equally appreciate them for what they stand to represent. Wike must serve. Wike is still a young man. I’m his senior brother, he can’t deny that. Wike is an asset to Nigeria. Wike is never timid, he confronts challenges. Asiwaju needs a man like Wike.”

Wait For Ministerial List

Tinubu, who assumed office as Nigeria’s President on May 29, 2023, constitutionally has 60 days to form his cabinet and there have been reports that he would include some members of the opposition like Wike and New Nigeria People’s Party (NNPP)’s flag bearer, Rabiu Kwankwaso.

In the buildup to the February 25 presidential poll, Wike, who lost the PDP primary to his party’s flag bearer, Atiku Abubakar in May 2022, was unapologetically vocal about his opposition to the 2023 presidential ambition of the former Vice-President.

Wike, who was a minister under the administration of ex-President Goodluck Jonathan, was Rivers governor from May 2015 to May 2023.

Wike and his allies in the G5 had demanded that the then PDP National Chairman, Iyorchia Ayu step down for a southern replacement as a precondition to support Atiku. Both Atiku and Ayu called the governors’ bluff and did not succumb to their demands in the just-concluded elections.

 

For the presidential election, Atiku lost in all the G5 states while Labour Party’s presidential candidate, Peter Obi won Enugu and Abia, APC’s Tinubu raked in Oyo, Benue and Rivers.

Tinubu came out tops in 12 of Nigeria’s 36 states, and secured significant numbers in several other states to claim the highest number of votes — 8,794,726, almost two million votes more than his closest rival, Atiku.

Atiku, 76, who has now run for president six times, got 6,984,520 votes, while Obi, who, in less than a year, galvanised young voters in a manner some have described as unprecedented finished the race with 6,101,533.