Posted on: May 27 2013 Thousands of aggrieved customers of First Bank Nigeria (FBN), including Dr Olisa Agbakoba, SAN, have filed a major class action against the leading Nigerian bank, claiming gross mismanagement of their margin loans running into billions of naira. The claim of the customers is that the Bank failed to use its…
Our People Are Frozen By Different Emotions, We Must Defreeze Them. Olisa Agbakoba, former Civil Liberty Organisation (CLO) and Nigeria Bar Association (NBA) President was among those who laboured to enthrone this Fourth Republic. You were an active player in the processes in the 90s, which culminated in the birth of the Fourth Republic. Fourteen…
One of the recommendations made by the International Monetary Fund (IMF) at the last Article IV consultations with the government was that AMCON begin to wind down its operations to curb moral hazard and fiscal risks. Since these succinct remarks were made there have been comments from financial pundits both for and against the said…
The former President of the Nigerian Bar Association (NBA), Olisa Agbakoba (SAN), has threatened to sue the Attorneys-General and Commissioners for Justice of the states 36 states of the federation over the non-compliance of their state government with Section 121(3) of the 1999 Constitution. Agbakoba noted that the suit when instituted, will compel state AGs…
THE Chief Judge of Federal High Court, Justice Ibrahim Auta, Monday unveiled the Assets Management Corporation of Nigeria (AMCON) Practice Direction 2013 for High Court judges at the second judge’s forum held in Lagos. The event was facilitated by Olisa Agbakoba and Associates. Auta explained that the practice direction would help judges to do justice…