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PenCom Recovers N24.53bn Pension Contributions from Defaulting Employers The National Pension Commission (PenCom) has recovered about N24.53 billion as pension contributions owed workers by defaulting employers. The Director-General of PenCom, Mrs Aisha Dahir-Umar, made the disclosure on Thursday in Lagos at the 2023 Labour Writers Association of Nigeria (LAWAN) Workshop. She was represented by the […]

NEM Insurance Pays N7.6bn Claims in 2022 NEM Insurance Plc paid N7.6 billion to its claimants for the financial year ended Dec. 31, 2022. Dr Fidelis Ayebae, the Chairman, NEM Insurance, said this at the company’s 53rd Annual General Meeting (AGM) on Thursday in Lagos. Ayebae said the figure represented a growth of 38 per […]

Economy: NCDMB Urges Collaboration in Oil, Gas Sector The Nigerian Content Development and Monitoring Board (NCDMB) has called for collaboration among stakeholders in the oil and gas industry to grow the economy. The Executive Secretary, NCDMB, Mr Simbi Wabote, made the call in Yenagoa during the 2023 Nigerian Oil and Gas Opportunity Fair with the […]

Bank of Industry Grows Assets by 39.2% -Chairman Aliyu Dikko, the Chairman Board of Directors of the Bank of Industry (BOI) Group, said the group’s total assets grew by 39. 2 per cent between financial year 2021 and 2022. Dikko stated this during the 63rd Annual General Meeting (AGM) of the bank in Abuja on […]

FAAC Shares N655.932bn among FG, States, LGCs for April The Federation Account Allocation Committee (FAAC) has shared N655.932 billion in revenue for April with the Federal Government, States, and Local Government Councils (LGCs). According to a statement issued by Bawa Mokwa, the Director, of Press and Public Relations, Office of the Accountant of the Federation […]

The Appeal Court, Abuja Division, has set aside the injunction granted by the High Court of Kogi State restraining the Economic and Financial Crimes Commission, EFCC, from the investigation and prosecution of officials of the state. The EFCC through it counsels Dr Kemi Pinheiro SAN, Jubrin Okutepa SAN and Rotimi Oyedepo SAN had, on Tuesday, […]

The Governor of Zamfara State, Bello Matawalle, has accused the chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, of demanding $2million bribe from him. In an interview with BBC Hausa Service monitored by our Correspondent, Governor Matawalle also said he has evidence against the EFCC boss, insisting that Bawa could not be […]

By Oyetola Muyiwa Atoyebi, SAN INTRODUCTION Arbitration is an alternate method of dispute resolution where a neutral party gives a final decision called an Award to determine the rights and obligations or liabilities of parties in the event of a dispute. The concept of Arbitration in itself is widely understood. However, it is essential to […]

The Managing Director of the Niger Delta Development Commission (NDDC) Samuel Ogbuku, and chairman of the board Lauretta Onochie, fought dirty on Friday when they accused one another of being corrupt. Ogbuku and Onochie engaged in sordid exchanges during an investigative hearing by the Senate Committee on unauthorized spending of the 2021 and 2022 budget […]

By Akintayo Balogun Esq. The judgment that emanated from the Federal High Court, sitting in Kano State, coram, Honourable Justice M.N Yunusa, on the 18th day of May 2023 came in as one of the biggest shockers of this political dispensation. I had personally thought it was just another ex-parte order that litigants nicodemously go […]

The Nigerian Police has reacted after a man posted an offensive tweet about Igbos living in the South West. In a now deleted post, a Twitter user, Kehinde Adesoga Adekusibe with the handle @GideonAdekusibe incited hatred against Igbos by calling on his followers to kill Igbos in their region. Reacting, Twitter user, @IsraelAmadi1 called the […]

By Prof. Mike Ozekhome, SAN, CON, OFR, FCIArb, LL.M, Ph.D., LL.D, D.Litt INTRODUCTION When I was growing up in the village in the 60s and 70s, my dear mother always told me, “you will bury me”. I could not then process the meaning. Why would my mother who was still alive, hale and hearty, tell […]