In a landmark judgment delivered on Friday, June 14, 2019, by Honourable Justice Babs Keuwumi of the Federal High Court Lagos, in Seadrill Mobile Units Nigeria Limited v The Honourable Minister for Transportation & 2 Ors Suit No:FHC/L/CS/607/2016, initiated vide an Originating Summons, it was held that drilling operations fall within the definition of ‘coastal…
The Federal High Court in Abuja, Nigeria on Wednesday, 16th November, 2018 delivered Judgment in a suit filed by Dr. Olisa Agbakoba (SAN) to determine the constitutionality of President Muhammadu Buhari holding office as the Minister of Petroleum. Justice Mohammed in deciding that there was no violation of Section 138 of the 1999 Constitution (as…
Nigeria’s democracy is fragile. Recent happenings in the country make it imperative for the National Assembly to strengthen national institutions that support democracy. Specifically, institutions like the INEC, Police, ICPC, Accountant General, National Judicial Council, Attorney General, CBN, National Human Rights Commission, the Judicature, EFCC, Public Defender, Code of Conduct Bureau etc. Section 153 of…
Following yesterday’s announcement by the Governor of Central Bank, Mr. Godwin Emefiele, on a new Foreign Exchange policy, the former Chairman, Nigeria Bar Association, NBA, Dr. Olisa Agbakoba, on Thursday, expressed optimism that the impact of a single foreign exchange market will have the best possible outcome for the Nigerian economy if well managed, adding…
Respected lawyer and former President of the Nigerian Bar Association (NBA), Olisa Agbakoba (SAN) has outlined what he believes to be the best course of action in solving Nigeria’s foreign exchange challenges. In an interview with Vanguard published on Sunday, focused mainly on the economy, the senior lawyer spoke about devaluation. He said, the devaluation…
Olisa Agbakoba Legal (OAL) has advised the Securities and Exchange Commission (SEC) to promote legal and regulatory framework for crowdfunding to thrive in Nigeria. Mrs Olabisi Akodu, Partner, Corporate and Public Sector Group at OAL, said the time was apt for review of all legal and regulatory frameworks required to invigorate the capital market and…
NAN-H-92 Maritime Lagos, March 16, 2016 (NAN) A Managing Partner, Olisa Agbakoba Legal (OAL), Mrs Priscilla Ogwemoh, on Wednesday, urged the Federal Government to revive the Maritime Coordination Board to access the untapped potential of the maritime sector estimated at N7 trillion per annum. She told the News Agency of Nigeria (NAN) in Lagos that…
Culled from This Day Live Attracting foreign direct investment to Nigeria has been a major challenge for successive administrations in the past. This is partly due to the perception that Nigeria’s legal system is slow and government policies inconsistent and unreliable. Mrs. Priscilla Ogwemoh in an interview with May Agbamuche-Mbu, Jude Igbanoi and Tobi Soniyi…
“If we do not kill corruption, corruption would kill us.” Apt and sharp like a razor, the above Presidential statement would continue to resonate. Clearly, we must tackle corruption head-on. But, how are we going to do it? Judging from president Buhari’s utterances, demeanour and action since his inauguration, it is clear that there is…
My letter of 21 April, 2015 about ‘Giving Nigeria a New Deal’ refers. I drew a parallel between the American Great Depression of 1930s and the challenges faced in Nigeria in 2015. I am satisfied that you understand the challenges. I write again to warn about the conspiracy of the elite and its resolve to…
