Posted on: May 28 2014 A Federal High Court sitting in Abuja, Monday, held that in line with 81(2) and section 84(1), (2), (3), (4) and (7) of the 1999 Constitution, as amended, the President, has no power to approve funds for the remuneration, salaries, allowances and recurrent expenditures of the judiciary. The Court maintained…
Posted on: Feb 10 2014 By OLUSHOLA ABILOYE The Author is an Associate in the Law Firm of Messers Olisa Agbakoba & Associates and acted as Respondent’s Counsel in the arbitration between First City Properties v. Huawei at the Lagos Multi-door Court House INTRODUCTION: Valuation analysis is a frequent element of commercial disputes and arbitration.Valuation…
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…
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…
Mr Olisa Agbakoba, SAN, former President of Nigerian Bar Association, NBA, in this interview, called for the independence of the Judiciary, in terms of its yearly appropriation, as against the current case, where the judiciary as the third arm of government, goes to the executive cap in hand begging for money it ordinarily should have,…
