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Justice Tsoho calls for more training of judges on banking, financial law

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The Chief Judge of the Federal High Court, Justice John Tsoho, has emphasized the need for ongoing training of High Court Judges to enhance their understanding and proficiency in the relevant banking and financial laws. Justice Tsoho made this call in Uyo, Akwa Ibom State, during his keynote address at the 2023 sensitization seminar organized by the Nigeria Deposit Insurance Corporation (NDIC) for Federal High Court Justices. The seminar focused on the theme, “Strengthening depositors’ confidence in Banks and other financial institutions through the prompt dispensation of Justice.”

He pointed out that modern innovations like electronic or online banking present various challenges, including economic, social, legal, technical, or security-related issues. Justice Tsoho stressed that adequate training would equip judges to deliver justice swiftly in cases involving such challenges.

He stated, “It is not uncommon to acknowledge that innovations such as electronic or online banking come with numerous problems, some of which are economic, social, legal, technical, or security-related. These problems include electronic fraud such as money laundering, kidnapping for ransom facilitated through the banking system, and other illegal activities.”

Justice Tsoho urged judges, particularly those in the Federal High Court, to continue expanding their knowledge in the relevant banking and financial laws. He emphasized the strategic importance of the seminar in providing opportunities for such knowledge enhancement.

Justice Tsoho also called on judges to restore the diminishing confidence of depositors in banks and other financial institutions by ensuring the expeditious delivery of justice. He acknowledged the growing concerns of depositors regarding internet fraud, insider dealings, and unauthorized access to depositors’ funds in banks and financial institutions.

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Furthermore, Justice Tsoho recognized that the seminar would offer judges the chance to discuss and evaluate different approaches to strengthening the regulatory framework and the role of the NDIC when cases and applications are brought before them, necessitating orders and decisions.

In his opening remarks, the Administrator of the National Judicial Institute (NJI), Justice Salisu Abdullahi, acknowledged the numerous challenges faced by the banking sector. These challenges include the interaction between financial technology (fin-tech) and traditional banking, the complexities arising from this interface, and their associated consequences.

The Managing Director/Chief Executive of the NDIC, Hassan Bello, welcomed the participants and highlighted the critical role played by the judiciary in resolving disputes arising from the revocation of banking licenses, liquidation, and related activities. Bello also provided information on the maximum coverage limits for depositors in different types of financial institutions.

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‘Some people have turned into monitoring spirits because of Tinubu’ – Joe Igbokwe

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Joe Igbokwe, a prominent member of the All Progressives Congress (APC) in Lagos State, raised concerns on Saturday about the constant monitoring of President Bola Tinubu. Igbokwe claimed that some individuals have resorted to witchcraft and “monitoring spirits” to keep an eye on Tinubu.

He explained that these individuals are observing Tinubu closely to catch any mistakes or mishaps, wherever he goes. Posting on his Facebook page, Igbokwe predicted that this scrutiny will persist for the next eight years.

He wrote: “Some people have turned to monitoring spirits. They follow PBAT anywhere he goes to see if he will make mistakes, if he will fall down, or if he will be received very well in any country he goes to. This is witchcraft and they will do this for 8 years. Mark this.”

Tinubu had a slip during the Democracy Day celebration at Eagles Square on June 12. Addressing the incident later at a Democracy Day dinner at the Presidential Villa, the President commented: “Early this morning, I had a swagger and it’s on social media. They’re confused about whether I was doing bugger or babariga.

“But it is a day to celebrate democracy. Why doing dobale on the day? I’m a traditional Yoruba boy. I did my dobale.”

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‘We’re still owed salaries in Abia State University’ – ASUU

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The Abia State University chapter of the Academic Staff Union of Universities (ASUU) has claimed that many of its members did not receive their April and May salaries, and those who were paid had deductions from their salaries. ASUU Chairperson Chidi Mbah and Secretary Victor Obisike stated that despite announcements from the Abia government and social media reports indicating that salaries had been settled, only a few staff members with accounts at commercial banks received their April salaries, and even fewer received their May salaries.

The ASUU leaders highlighted that this inconsistency in salary payments and deductions has caused financial difficulties, anxiety, and uncertainty among the affected staff. They noted that staff members who did receive their April or May salaries experienced unexplained deductions ranging from N8,000 to N53,000.

This irregular payment system has made it difficult for the unions within the university to determine the status of their check-off dues, which are usually deducted at the source. Additionally, ASUU emphasized that 11 months of outstanding salary arrears remain unpaid, despite repeated assurances from the government.

ASUU expressed its support for Governor Alex Otti’s efforts to improve Abia State University but urged government officials to avoid politicizing the salary payment issue. They appealed to the state government to promptly address the concerns raised and ensure that all outstanding salaries, including the arrears, are paid in full to alleviate the financial hardships faced by the university staff.

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Sanusi: Ado Bayero was never Emir of Kano – Gov Yusuf’s spokesman

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Sanusi Bature, the Chief Press Secretary to Governor Abba Yusuf of Kano State, has asserted that Aminu Ado Bayero was never the Emir of Kano. According to Bature, former Governor Abdullahi Ganduje appointed Bayero as the Emir of the eight metropolitan local governments of Kano city.

During an appearance on Arise Television, Bature explained that Ganduje’s appointment of Bayero as emir was part of a political maneuver that compromised the integrity of the historic Kano Emirate, which predates Nigeria and its constitution by over a thousand years.

Bature stated: “The governor’s action was intended to protect the emirate’s integrity as an institution. The Emirate of Kano has a history that predates Nigeria, with people living under a single Emir for over a thousand years. Ganduje’s administration politicized this history, which Yusuf promised to rectify during his campaign to restore the emirate’s lost glory.”

He further remarked, “This is not the first time an Emir has been deposed; Ganduje did it, and Sanusi left Kano for peace to prevail. Now Sanusi has returned to Kano after the law was repealed.”

Clarifying Bayero’s status, Bature said, “Aminu Ado Bayero was never the Emir of Kano. He was appointed as the Emir of the eight metropolitan local governments of Kano city. With the revision of the law under a unified Kano, the emirate Bayero served no longer exists. He was the Emir of the Kano city emirate, not the entire 44 local governments of Kano, a status created by Ganduje’s 2019 Emirate law.”

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Governor Yusuf deposed Ado Bayero and reinstated Muhammed Sanusi as the Emir of Kano. Despite this, Ado Bayero has refused to leave his Nassarawa palace and has challenged the state government’s action in court.

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