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Some Vice-Chancellors of federal universities who served as State Collation Officers for both the 2023 presidential and governorship elections have offered tips to the Independent National Electoral Commission (INEC) on proper management of election results. They include the Vice Chancellor of the University of Lagos, Prof Folashade Ogunsola, Ahmadu Bello University, Zaria, Prof. Kabiru Bala […]

*Defendant Admits Lacking Requisite Training To Carry Out Surgical Procedures *Retracts Allegations Of Harassment Against Judge An Abuja-based Beauty Therapist, Ms Pamela Onyeagushi has been arraigned by the Federal Government of Nigeria through the Federal Competition & Consumer Protection Commission for causing grievous bodily harm to her client, Justice Zaynab Bashir and for Quackery. In […]

The Obra Legal Interns were privileged to participate in an enriching seminar on work ethics, led by the esteemed His Worship, Ngozi Egbo, a prominent Magistrate in the Enugu Magisterial District and a trailblazer in the legal community. The seminar, held today, provided an eye-opening experience for the interns, equipping them with essential principles of […]

UK Rejects Call to Treat Crypto as Gambling The United Kingdom (UK) government has rejected a recent House of Commons Treasury Committee proposal, which suggested that retail crypto trading be regulated like gambling instruments. The UK’s HM Treasury officially rejected the House of Commons Treasury Committee’s recent recommendation to regulate crypto trading not as financial […]

Oil Rallies on Rising Supply Concerns Crude oil prices rose again on Friday with supply and demand prospects in the world’s largest oil consumers. The recent price surges in the global market were triggered majorly by supply concerns caused by Saudi output restrictions. On Friday, the international benchmark Brent crude traded at $80.64 per barrel, […]

Nigerian T-Bills Yield Slides to 4.3%, Bonds Rally The average yield on Nigerian Treasury bills settled at 4.34% Thursday in the secondary market with increasing liquidity pressure in the financial system. Coupled with the downward spot rates repricing trend despite Nigeria’s high inflation rate, the real return on naira assets has stayed in the negative region. […]

Ecobank Appeals Honeywell N72bn Judgment Debt, Calls Claim Exercise in Futility Ecobank Nigeria Limited has lodged an appeal against the ruling of the Federal High Court, Lagos, delivered by Hon. Justice M. Liman, in the N72 billion lawsuit brought against the bank by Honeywell Flour Mills Plc. A spokesperson for Ecobank asserted that the judgement […]

*Please, Don’t Dissolve Our Union —Husband A house wife, Salamat Suleiman, has filed for divorce after two months of marriage, due to husband’s health issue. The complainant told the court that she noticed that her husband had watery sperm. She pleaded with the court to dissolve their marriage, saying that she was tired of their […]

The Federal Government has approved 19 fund managers to manage the finances provided by oil and gas companies for their various Host Communities’ Development Trust. HCDTs are trust funds by international and domestic oil and gas companies which are meant for the development of communities where oil and gas operations take place. The Federal Government […]

James Onanefe Ibori, former Delta State governor, has expressed sadness over the confiscation of over £100 million from him. A judge in London on Friday ordered the confiscation of 101.5 million pounds ($130.34 million) from the former governor who was convicted of fraud and money laundering in London in 2012. Judge David Tomlinson of Southwark […]

The unification of the country’s exchange rate has significantly increased the revenue from exchange difference, according to the recent communique from the Federation Account Allocation Committee. According to the communique, Exchange Difference revenue was N320.89bn in June 2023, which would be shared in July 2023. This was far higher than the N0.64bn recorded as May […]

The Economic Community of West African States Parliament says it will sign a Memorandum of Understanding with the National Institute for Legislative and Democratic Studies (NILDS) on capacity building for its members. The Speaker of the regional parliament, Sidie Tunis, made this known on Friday during a visit with the Speaker of the East Africa […]