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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.

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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PHOTO: Gov Makinde Host Nigeria Police Games

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1: Oyo State Governor, Seyi Makinde (left) and Inspector General of Police, Olukayode Egbetokun, during the opening ceremony of the 14th Biennial Nigeria Police Games, host by Oyo State Government, held at Adamasigba Stadium, Ibadan. PHOTO: Oyo Gov’s Media Unit.

2: From left, Deputy Governor of Oyo State, Barr Bayo Lawal; Governor Seyi Makinde; Inspector General of Police, Olukayode Egbetokun and his wife Elizabeth, during the opening ceremony of the 14th Biennial Nigeria Police Games, host by Oyo State Government, held at Adamasigba Stadium, Ibadan. PHOTO: Oyo Gov’s Media Unit.

3: Oyo State Governor, Seyi Makinde (left) take a salute from the Police Mascots, during the opening ceremony of the 14th Biennial Nigeria Police Games, host by Oyo State Government, held at Adamasigba Stadium, Ibadan. PHOTO: Oyo Gov’s Media Unit.

CREDIT: Oyo Gov Media 

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Economic crisis: Find more ways to improve your IGR – President Tinubu to universities

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The Nigerian government has called upon universities in the country to broaden their sources of funding amidst economic challenges. President Bola Ahmad Tinubu made this assertion during the 6th & 7th combined convocation ceremony of Federal University, Dutse, which took place on Saturday.

Speaking through Professor Kabir Bala, the Vice-Chancellor of Ahmadu Bello University, Zaria, who represented him at the event, President Tinubu stressed the government’s dedication to facilitating a conducive environment for universities despite resource limitations.

He urged universities to actively explore alternative funding channels, underlining the significance of self-reliance in the prevailing economic circumstances. The President also encouraged universities to seek international funding opportunities for research, advocating for collaborations and the attraction of funds from global sources.

President Tinubu emphasized that government alone cannot shoulder the financial burden of universities, particularly amid economic challenges and competing demands from various sectors. Nonetheless, he reiterated the administration’s commitment to providing the necessary support within the available resources to ensure universities function as pillars of educational advancement and national development.

He further urged universities to pursue innovative strategies for generating revenue and to tap into international research funding opportunities. He assured that his administration remains dedicated to supporting universities in achieving their objectives as outlined in the Renewed Hope Agenda.

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Contempt threat against NLC, TUC leaders over public protest uncalled for – Femi Falana replies FG

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Human rights advocate and constitutional lawyer, Femi Falana, has clarified that the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have every right to organize the nationwide public protest scheduled for February 27 and 28, asserting that it does not constitute contempt of court.

As a Senior Advocate of Nigeria (SAN), Falana emphasized that Nigerian workers are entitled to freedom of assembly and expression as enshrined in the country’s Constitution. He urged the federal government, in a strongly worded letter to the Attorney General of the Federation (AGF) and Minister of Justice, to ensure maximum security for the workers and to participate in the protest.

In response to the AGF’s threat of contempt charges against the NLC and TUC leaders, Falana’s letter dated February 24 countered the threat, arguing that it lacked legal basis.

Falana pointed out the history of negotiations between the government and the labor unions following the removal of fuel subsidy in 2023, which resulted in court orders restraining the unions from striking. Despite compliance with these orders, the unions challenged them, and the contempt proceedings initiated by the government were subsequently withdrawn.

He highlighted subsequent legal actions initiated by the government against the unions, noting that these actions were contested by the unions on grounds of abuse of court process and lack of jurisdiction. Falana emphasized that since the contempt proceedings were withdrawn, there is no basis for the government’s threat of contempt charges regarding the planned protest.

He cited legal precedents affirming citizens’ rights to protest on matters of public interest without the need for police permits, emphasizing the democratic importance of freedom of speech and assembly.

Falana urged the government to respect these fundamental rights and directed the Inspector-General of Police to provide adequate security for the protesters in accordance with the Police Establishment Act.

In conclusion, he called on the government to reconsider its stance and assured that the protests would be conducted peacefully.

The federal government had previously warned of invoking relevant laws to charge the NLC leadership with contempt if the protest proceeds, citing it as a breach of agreement and a challenge to the court’s authority. The AGF, Prince Lateef Fagbemi, conveyed this warning in a letter to Falana, urging the NLC to abandon the protest to avoid violating the court’s order.

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