The two chambers of the National Assembly, yesterday, passed the 2018 budget totaling N9.120, 334,988,225. The budget is over N500 billion higher than the N8.612 trillion proposed by President Muhammadu Buhari to the joint session of the Assembly last year. The Chairman, Senate Appropriation Committee, Danjuma Goje, said:”The increase was done after close consultation with…
The Abuja Division of the Federal High Court yesterday? voided an alleged plan by the police to obtain a search warrant and execute same at the residences of Governor Nyesom Wike of Rivers State in Abuja and other parts of the country. In his ruling, Justice Ahmed Mohammed barred the Nigerian Police Force (NPF), the Economic…
The Corporate Affairs Commission has now commenced the implementation of the following: That the concept of corporate representative is alien to CAMA and will no longer be accepted. Consequently, any written resolution signed on behalf of either a Nigerian or foreign Company would be accepted by the Commission notwithstanding the fact that the signature of…
In furtherance of its reform initiatives, the Corporate Affairs Commission has reviewed its Checklist and Guidelines. The Commission has also removed the requirement for Proficiency Certificate. Under the new arrangement, members of the public do not have to submit Proficiency Certificate to the Commission for registration of Companies, Business Names, and Incorporated Trustee. Read more
The Economic and Financial Crimes Commission has secured a new interim order to seize a sum of $8,435,788.84 and over N7.35bn found in 15 bank accounts linked to Patience, the wife of former President Goodluck Jonathan. The new order was granted by the Federal High Court in Lagos on April 20, 2018. It came about…
The Lagos State Government on Tuesday said it had approved the payment of N11.8bn compensation to property owners whose buildings were demolished to pave the way for the ongoing road projects across the state. The Special Adviser to the Governor on Urban Development, Mrs. Yetunde Onabule, stated this on Tuesday at the Lands Bureau 2018…
ONITSHA—MIYETTI Allah Cattle Breeders Association of Nigeria, MACBAN, yesterday faulted the implementation of the anti-open grazing bill by the Benue State government on grounds that its lead to the recent killings in Benue. South East zonal chairman of the association, Alhayi Idris Gidado in an interview with Vanguard in Awka said the Benue State Governor, Samuel Orton…
A Magistrate Court sitting in Ilorin has remanded a Sokoto based businessman, AbdulKadir Dan Ute, in prison over the alleged issuance of dud cheque of N6million to KAM Industries Nigeria Limited contrary to section 1(a)(b) of dishonored cheque offenses law of the Federation of Nigeria, 2004. It was gathered that Dan Ute, 66 years old,…
On Monday 30, 2018, Justice Raliat Adebiyi of the Ikeja Division of the Lagos State High sentenced Joseph Nwobike, a Senior Advocate of Nigeria, SAN to one month in prison for attempting to pervert the course of justice. This Judgement brought to an end the case of Nwobike who was first arraigned on five count…
A Lagos-based lawyer, Mr. Johnson Esezoobo, has condemned the national body of the Nigerian Bar Association (NBA), for its response against the move by the Union Bank of Nigeria to provide free legal services to the public. The bank had announced it seeks to offer legal services such as company incorporations, contracts, mediation and arbitration,…