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Tag: OFR

  • Invest in systems, not silos – Gombe Gov. Hayatu-Deen, Yakubu, Gomos tell NNDC

    Invest in systems, not silos – Gombe Gov. Hayatu-Deen, Yakubu, Gomos tell NNDC

    Several reputable leaders of thought and technocrats from the North have challenged conventional thinking on the challenges and opportunities for the private sector and industrial development of the region. They argued that private enterprise is well-positioned to accelerate change and embed progress.

    They spoke at the end of a two-day retreat organised by the Board and Management of the New Nigerian Development Company (NNDC) in Abuja.

    In his remarks on Thursday, to mark the closing of the strategy retreat, Chairman of the Northern States Governors Forum, Governor Muhammadu Inuwa Yahaya of Gombe State stressed that, “If we are serious about addressing instability in the North, then we must also be serious about creating opportunity. Economic revival, job creation, and social stability are deeply connected. Institutions like NNDC must therefore do more than manage assets; they must be profitable enough to help create hope, improve productivity, and shared prosperity.”

    He challenged NNDC to recover its sense of mission as an economic vehicle for the North, pooling its profits to fund commercially viable ventures across the region, he said. “I therefore challenge the Board and Management to reposition NNDC for the realities of a changing world. Gov. Yahaya affirmed that innovative and creative ideas designed for growth must be embraced by the company, as the economies of the future will be shaped by technology, innovation, and digital enterprise. “The company must begin to take opportunities in ICT, fintech, digital platforms, and other technology-enabled investments seriously, especially given the scale of youth talent and entrepreneurial potential across Northern Nigeria.

    Other speakers included Mal. Tanimu Yakubu, DG Budget Office of the Federation, Mohammed Hayatu-Deen, Ex NNDC GMD, also a former CEO of FSB International Bank and Ezekiel Gomos, Director-General, Secretariat of the Northern States Governors Forum.

    While chairing a session entitled, “Reliving the Vision of our Hero’s Past: Sustaining the Legacy and Purpose of our Founder into the Future” Mohammed Hayatu-Deen, a former GMD of NNDC, stressed that hard decisions would need to be taken to bring the company back on track. He explained that change is painful but requires courage and determination. While reliving the golden age of the NNDC, he praised the Vision of Sir Ahmadu Bello and explained that the NNDC’s potential could be realised if its leadership took the hard decisions necessary to drive a broad change process.

    In his paper, which was entitled “NNDC and the Reawakening of a Competitive Northern Economy”, Mal. Tanimu Yakubu, Director General, Budget Office of the Federation, contended that the “NNDC was never conceived as a passive holding entity. It was born as an instrument of regional ambition—a platform through which Northern Nigeria could aggregate capital, build enterprises, and assert its place within a rapidly evolving national economy.

    According to him, “that founding vision has not diminished. If anything, the scale of today’s challenges makes it more relevant than at any point in our history. The task before us is therefore not to preserve NNDC, but to reimagine it as the nucleus of a regional growth strategy—one that is deliberate, investment-driven, and unapologetically focused on competitiveness,” Tanimu enthused.
    He posited that a “profound shift—from a legacy institution to a modern investment engine” is required, “one that is governed with transparency, managed with professionalism.

    Mr Yakubu also stressed that performance needs to be measured not by activity, but by the impact its operations have on its bottom line and the economy. This, he said, is because every investment must answer a simple question: “does it expand the productive capacity of the North? If the answer is yes, it belongs within the NNDC strategy.”

    Considering that the North is projected to host one of the largest populations on the continent within a generation. This is not merely a statistic; it is a market, a workforce, and a source of entrepreneurial energy. He explained that “the difference between a demographic burden and a demographic dividend lies in whether we build the economic structures capable of absorbing and rewarding that energy. NNDC must be at the forefront of building those structures. It must invest in the value chains that matter—agro-processing that multiplies farmer incomes, energy solutions that power industry, logistics systems that reduce the cost of trade, and manufacturing platforms that create jobs at scale…it must invest in systems, not silos—ensuring that each intervention reinforces the others in a coherent economic design. This is the essence of a regional strategy.” Mr Yakubu said.

    In his submission, Mr Ezekiel Gomos, OFR, Director-General, Secretariat of the Northern States Governors Forum (NSGF) opined that, “at a time when Northern Nigeria is confronted by economic strain, rising social pressures, and deep security concerns, NNDC cannot afford to remain on the margins. It must rediscover its purpose, rebuild its strength, and reclaim its relevance as a vehicle for investment, enterprise, and regional economic revival”

    Mr. Gomos also cautioned that, “strong institutions are not built only by strategy documents; they are built by culture, discipline, loyalty, and professionalism. One of the self-destructive habits that weakens organisations is the tendency of insiders to wash dirty linen in public by leaking internal matters to the media or external parties in the hope of gaining attention, advantage, or momentary relevance. Such practices may satisfy personal frustrations in the short term, but in the long term, they damage institutional credibility, weaken investor and stakeholder confidence, deepen internal mistrust, and ultimately hurt the very organisation on which everyone depends.”

    The NNDC is a diversified portfolio investment conglomerate owned by the 19 Northern states with investments in the agricultural, real estate, solid minerals, oil and gas, and hospitality sectors, among others. The current retreat represents the commencement of an organisational change process, driven by KPMG Professional Services, aimed at reinvigorating the company to enable it to deliver on its mandate and strengthen its future readiness.

  • Guinness Nigeria Holds 75th Annual General Meeting Amidst Growing Investor Confidence

    Guinness Nigeria Holds 75th Annual General Meeting Amidst Growing Investor Confidence

    Nigeria’s leading total beverage alcohol company, Guinness Nigeria Plc, on Wednesday, April 15, hosted shareholders at its 75th Annual General Meeting in Lagos, reaffirming its strong performance and clear path to sustained growth.

    The meeting followed the release of the Company’s Q1 FY2026 financial results, which included an interim dividend of ₦2.00 per ordinary share, signaling a return to rewarding shareholders and reinforcing confidence in the Company’s financial position.

    At the AGM, shareholders reviewed the Company’s 18-month financial performance, reflecting a period of strategic transition, disciplined execution, and a return to profitability. The results underscore Guinness Nigeria’s focus on building a more agile and resilient business amid a dynamic operating environment.

    Shareholders unanimously approved all resolutions presented, including the election and re-election of directors, as well as the appointment of Ernst & Young as Independent External Auditors, effective January 1, 2026, demonstrating continued confidence in the Company’s governance and leadership.

    Speaking at the meeting, Chairman of the Board, Prof. Fabian Ajogwu, OFR, SAN, described the period as a defining phase in the Company’s journey, marked by resilience, transformation, and renewed momentum.

    He noted that despite a challenging macroeconomic environment, the Company successfully navigated its transition phase and is now firmly on a path of sustainable growth and value creation.

    “Earlier in April 2025, our Company attained the milestone of its 75th anniversary in Nigeria, a feat very few companies have achieved in Nigeria. This year also marked Guinness Nigeria’s turnaround with return to profitability.  Worthy of note is the Company’s change of financial year end dates from 30th June to 31st December, starting this financial year.”

    Managing Director, Girish Sharma, reaffirmed management’s focus on execution and long-term growth, highlighting the team’s clarity of direction and commitment to consistently delivering improved performance.

    “My first AGM happened when I was less than a month old in Guinness Nigeria. We made a commitment that at the next AGM, we will declare a dividend. We’ve done that, and we’ve just started. The team understands the business, and the team knows what they need to do. I think we have absolute clarity about where we want to go over the next five years. I think from here, it’s only going to get better,” he said.

    Shareholders also expressed strong confidence in the Company’s outlook, commending its performance and expressing optimism about sustained returns in the years ahead. One of them, Barrister Adetutu Siyanbola said she believes the company is on solid footing and moving in the right direction. “Next year, we are going to get a bigger and better final dividend added to the entire dividend that the chairman mentioned,” she said, and expressed her admiration of the quality of the board and the management team, and in their ability to deliver.

    With a strengthened foundation, renewed profitability, and the continued trust of its shareholders, Guinness Nigeria remains firmly focused on delivering long-term value for all stakeholders while building on its 75-year legacy in Nigeria.

  • Newly Constituted NCC Board Holds Induction Retreat in Uyo, Charts Strategic Focus for Nigeria’s Digital Economy

    Newly Constituted NCC Board Holds Induction Retreat in Uyo, Charts Strategic Focus for Nigeria’s Digital Economy

    The newly appointed Board of the Nigerian Communications Commission (NCC) recently convened an induction retreat in Uyo, aimed at aligning the Board on Management’s strategic priorities and reaffirming the Commission’s pivotal role as a driver of Nigeria’s digital economy.

    The retreat, chaired by Chief Idris Olorunnimbe, provided a platform for the Board to engage deeply with issues central to regulatory oversight, governance, and the future trajectory of the telecommunications sector.

    The retreat featured a line-up of distinguished facilitators who brought diverse expertise to the sessions. Mrs. Yetunde Akinloye led a detailed review of the Nigerian Communications Act (2003), ensuring that the Board was grounded in the legal and regulatory framework governing the sector.

    Paul Usoro, SAN, shared insights on effective board governance and oversight within a national telecommunications regulator, highlighting best practices to enhance accountability and strategic decision-making. Professor Hyacinth Nwana provided an international perspective, reflecting on global regulatory trends and the evolving role of telecom regulators, while Prof. Fabian Ajogwu, OFR, SAN, reinforced key corporate governance principles that underpin robust institutional performance.

    The sessions were rigorous and candid, focusing on strengthening governance, enhancing regulatory credibility, and sharpening outcomes for consumers, industry stakeholders, and the broader Nigerian digital economy. Board members engaged actively in discussions aimed at ensuring that NCC remains responsive to technological advancements, competitive pressures, and evolving consumer expectations.

    The retreat concluded with a renewed commitment by the Board to uphold transparency, foster innovation, and reinforce the Commission’s mandate to facilitate a thriving, inclusive, and globally competitive digital ecosystem in Nigeria.

  • Investment in Knowledge Pays the Best Dividend – Dr. Adegunwa

    Investment in Knowledge Pays the Best Dividend – Dr. Adegunwa

    The Chancellor of Summit University, Offa, Kwara State, and Chairman of Rite Foods Limited, Dr. Sulaiman Adebola Adegunwa, OFR, has identified investment in quality education as a catalyst for sustainable socio-economic development.

    Adegunwa stated this recently while delivering his address at the combined 5th and 6th convocation ceremony of the University, held at the Alhaja Adiat Abegbe Makanjuola Lecture Theatre.

    According to him, the dedication and financial commitment of stakeholders have continued to strengthen the university’s foundation and growth trajectory. He appealed to well-meaning individuals to support the institution in its efforts to achieve sustainable development.

    “This event marks a key milestone for our university. It honours our graduates and celebrates our shared success. An investment in knowledge pays the best dividend. The journey we have embarked upon with Summit University stands as one of the most rewarding investments”.

    “Our dividend from this investment is not only for today; it is also for posterity. Let us join hands to lift Summit University high, open doors to quality education, and change the world for the better,” he said.

    Reflecting on the institution’s progress, the Chancellor noted that the University has experienced remarkable growth since he assumed office as the pioneer Chancellor in December 2023.

    “Since the last convocation, undergraduate programmes have increased from eight to 16. Additionally, six academic programmes recently underwent reaccreditation, and full accreditation was secured from the National Universities Commission.

    “I commend the University Management, Governing Council, and Board of Trustees. The growth we see today is a testament to your hard work and strategic planning. Your commitment has strengthened the foundation of this university,” he said.

    Dr. Adegunwa highlighted the significant infrastructural advancement that had taken place in the University since its last convocation ceremony in 2023, adding that foundation for four major building was laid and one was already completed and ready for use while two were nearing completion.

    “At this point, I sincerely appreciate Mosun Belo-Olusoga and other donors whose support continues to strengthen this university. Your generosity is a catalyst for our progress. May Almighty Allah bless you abundantly,” he said.

    Adegunwa further revealed that preparations were underway for the verification of the University’s resources for new programmes in the College of Law and the College of Health Sciences.

    “All documentation and agreements have been concluded, and we are hopeful that by the next convocation, both Colleges will be fully operational.

    “Also, the university has received approval to operate a Campus FM Radio Station. The notification was received a few days ago. This development will help us reach our community more effectively and position the University as a champion of the knowledge economy.

    “It will empower us to combat knowledge, poverty and the rising challenge of misinformation in society,” he added.

    At the Convocation ceremony, the University conferred honorary doctorate degrees (Honoris Causa) on Aderemi Muyideen Makanjuola and Lateefat Olufunke Gbajabiamila, as well as a posthumous honorary doctorate degree in Business Administration on the late Tiamiyu Adebisi Olatinwo, among other awardees.

    In his remarks, the Vice Chancellor and Chief Academic Officer, Prof. Abiodun Musa Aibinu, expressed appreciation to the Chancellor for donating the ongoing Senate Building project, which he said is now 30% completed.

    He noted that upon completion, the structure would significantly enhance the University’s infrastructure.

    The Vice Chancellor announced that a total of 319 students graduated: 26 with first-class honours, 164 with second-class upper division, 108 with second-class lower division, 25 with third-class, and one with a pass.

    He assured that the university remains committed to strengthening innovation, research, and development.

  • For the Records: Welcome Address delivered at the 2025 Okeho Day Education Summit

    For the Records: Welcome Address delivered at the 2025 Okeho Day Education Summit

    by J. Moyo Ajekigbe, OFR

    On behalf of the organisers of the 2025 Okeho Day, I am delighted to welcome you all to this Education Summit and to make a few introductory remarks.

    I would like to start by thanking God for the gift of life and for the privilege to celebrate another Okeho Day. This edition of Okeho Day is very special in that it is being held in the year when Okeho attained the status of a University Town, following the decision by the Federal Government of Nigeria to locate a Federal University in Okeho. The Federal University of Agriculture and Technology Okeho (FUNATO) is a dream come true. We thank God for this special blessing, and for those He has used to make it happen, especially Prof Segun Gbadegesin, the Asiwaju of Okeho, and Senator Abdulfatai Buhari, the senator representing Oyo North District Constituency in the Senate.

    It is not a surprise that the theme of this summit has been appropriately titled, “FUNATO: Benefits and Opportunities in the context of Regional Growth and Development”.  But before I comment on the theme of the summit, I would like to draw our attention to the theme of the 2025 Okeho Day which is, “Rooted in Heritage, United for Education: A Grand Reunion for Okeho’s Future”.

    When we talk about heritage, most people think in terms of physical and financial assets that are or may be inherited. In broad terms, however, heritage is anything that is passed down from generation to generation, and it includes the people’s traditions, values, beliefs, culture as well as historical sites and natural landscapes.  Okeho is known as Akikanju Oke Oogun, and her people are known to be Omoluabi Eniyan, that is, people born of good character. It embodies virtues like honesty, respect for others, integrity and hardwork. This is the heritage that our ancestors passed down to us, and which we too must pass down to our children. Maybe it is appropriate to ask at this juncture the question: “How many of us can beat their chest and say they are truly Omoluabi in words and in deed?”

    FUNATO has brought out the best in our people.  Many have made significant contributions (treasure, talent and time) towards the preparation of temporary campuses for the university, and obtaining necessary regulatory approvals.  This is highly commendable.  We can rightly say that Okeho is united for the actualization of the FUNATO project.  The challenge before us is to remain united as the university takes off and develops its own unique brand. We must also unite to ensure the security, development and progress of our community.

    Let me now shift my focus to the main business of the day. The theme of the summit is very appropriate and timely; and the choice of Prof. Sola Ajayi as Guest Speaker is a wise decision. He is an erudite scholar with considerable teaching and administrative experience. And most importantly, he is one of us: he knows our environment, and understands our problems. I have no doubt in my mind that he will do justice to the topic that has been assigned to him.

    FUNATO means different things to different people. For some, it is an opportunity to serve the community and its people; for some, it is a business opportunity; for some, it is a place for personal growth and development; for some, it is an opportunity to earn a living; and for some, it is an opportunity to propagate certain beliefs and ideologies. Whatever our personal or group objectives may be, let us always remember that the peace, prosperity, and progress of Okeho, and indeed of the entire Oke Oogun area, remain sacrosanct.

    The theme of this summit focuses on benefits and opportunities of FUNATO.  We must, however, also prepare for the challenges that come with having a university in a community such as ours. Our strategy should be how to convert those challenges to opportunities for the benefit of the entire community. The future promises to be bright and interesting, but we must be conscious of the fact that, “The future belongs to those who prepare for it”.

    Thank you for your time.  Please enjoy the rest of the summit.

    J. Moyo Ajekigbe, OFR is the Chairman FUNATO Planning Committee

    Images from the Summit-

    Chairman, Egbe Ọmọ Ìbílẹ̀ Okeho
    Captain Adegboyega Olopoenia, Chairman, 2025 Okeho Day Celebration
    Prof Adesola Ajayi, Vice-Chancellor,  Abiola Ajimobi Technical University 
  • Honourable Minister Of Works Donates Speed Boat to NSCDC Lagos for Protection of Third Mainland Bridge, Other Federal Bridges.

    Honourable Minister Of Works Donates Speed Boat to NSCDC Lagos for Protection of Third Mainland Bridge, Other Federal Bridges.

    Lagos State Commandant launches Speedboat, inaugurates Marine and Infrastructure Protection Unit to combat illegal dredging under bridges, excavation, encroachment, and non-compliance.

    The Honourable Minister of Works, His Excellency Engineer Dave Umahi, in his magnanimity and unwavering commitment to supporting the Nigeria Security and Civil Defence Corps (NSCDC) in its duty to safeguard vital public infrastructure, has donated one (1) speedboat to the Marine and Infrastructure Protection Unit of the Lagos State Command.

    The NSCDC Lagos State Command has today, Thursday, 20th November, 2025 immediately implemented the directive of the Commandant General, NSCDC, Prof. Ahmed Abubakar Audi, PhD., mni, OFR, to all Commands to implement the resolutions of the Office of the National Security Adviser’s ( ONSA ) meeting on collaboration with stakeholders such as National Inland Waterways Authority (NIWA) and the Federal Ministry of Works (FMW) with the aim to protect Critical National Infrastructure in the state.

    The Lagos State Commandant sincerely appreciated the Honourable Minister of Works, His Excellency, Engineer Dave Umahi, for his support towards helping the Corps to fulfil its statutory mandate, especially in Lagos State. He mentioned that the donation of the speedboat to help monitor activities on the marine corridor in Lagos is a morale booster for our gallant men, who have been dislodging the activities of unscrupulous elements under the bridges.

    The State Commandant, NSCDC, Lagos State Command, Mr Keshinro Adedotun, in line with the Commandant General’s directive, commissioned the new speedboat donated by the Federal Ministry of Works to the Marine and Infrastructure Protection Unit of the Command today, Thursday.

    He also thanked the former Federal Controller of Works, Lagos, Engr (Mrs ) O.I. Kesha, for her assiduous efforts in ensuring that the Corps receives all the necessary logistical support it requires to ensure the protection of the integrity of the Third Mainland Bridge, other Federal bridges and Critical National Infrastructure in Lagos State.

    The Lagos State Commandant also inaugurated the Marine and Infrastructure Protection Unit and its Commander, Assistant Commandant of Corps, Oloyede Emmanuel Ige.

    The Commander, Marine and Infrastructure Protection Unit, ACC Oloyede Ige seized the opportunity to extend his profound appreciation to the Honourable Minister of Works, Commandant General of NSCDC and the Lagos State Commandant for his appointment to take up this new challenge of ensuring an enhanced monitoring and patrolling of activities under the bridges in a bid to ensure adequate integrity and protection.

    The Marine and Infrastructure Protection Unit will undoubtedly enhance security measures aimed at protecting and safeguarding critical bridge infrastructure against vandalism and threats, such as illegal dredging, excavation, and encroachments on the Critical National Infrastructure in the state.

    The Speed Boat no doubt will help to curb illegal and unauthorised dredging that often leads to the collapse of bridges, with the tendency of crippling the state and the nation’s economy at large.

    While addressing the news media at the launching of the Marine and Infrastructure Protection Unit today, the Lagos State Commandant charged licensed dredgers to remain compliant with the law while carrying out their activities. He also issued very serious warnings to unrepentant perpetrators who engage in illegal dredging, encroachment, and excavation, advising them to desist from the act and be prepared to face the full wrath of the law if caught.

  • Energy Access Is Essential To Life: JMG Secures Life-Saving Healthcare Operations at Ketu Healthcare Centre with Solar Power Donation

    Energy Access Is Essential To Life: JMG Secures Life-Saving Healthcare Operations at Ketu Healthcare Centre with Solar Power Donation

    JMG Limited, a leading provider of integrated electromechanical solutions, has taken a definitive step to safeguard patient lives and enhance quality healthcare delivery in Lagos State. The company announced the successful commissioning of a state-of-the-art solar-powered energy system at the Ketu Primary Healthcare Centre on Wednesday, 12th November 2025, eliminating the constant threat of power cuts during critical medical procedures.

    This initiative addresses the harrowing reality faced by healthcare facilities in Nigeria, where sudden power outages can jeopardize complex, life-saving procedures, such as a mother undergoing an emergency C-section or a patient on life support. By installing a robust solar solution, JMG ensures the centre operates with continuous, reliable electricity, transforming power from a luxury into the constant, fundamental resource required for human health.

    The commissioning event was well-attended by representatives from the Lagos State Commissioners for Environment and Health, traditional leaders, and the company’s top management team.

    JMG Group General Manager, Rabi Jammal, underscored the moral imperative behind the project, providing the company’s clear vision, “Healthcare reflects our belief that reliable power is a right, not a privilege. And energy access is essential to life, to health care and to human progress, so through this project and what we did last year in Bariga and hopefully following projects, reaffirms JMG commitment to a cleaner, greener and more sustainable future.”

    The newly installed solar power solution, featuring a 10-kilowatt hybrid (KWH) inverter, 18 N-Type solar panels, and a high-capacity 20.48 KWH Lithium battery, guarantees the healthcare centre has access to clean, uninterrupted energy. This constant supply is vital for supporting critical services including emergency operations, immunisation storage, maternity care, and laboratory diagnostics, ensuring doctors and nurses can focus on healing without fear of a sudden blackout.

    This successful project is a testament to the technical prowess of the JMG Solar Division, which delivers tailored solar energy solutions across Nigeria, helping to build a sustainable energy future for businesses and communities. To learn more about JMG’s extensive capabilities and projects in solar power, please visit: https://www.jmglimited.com/solar.

    Otunba Francis Meshioye, OFR, President of the Manufacturers Association of Nigeria (MAN) and Executive Director of JMG Limited, highlighted that investing in community healthcare forms a core part of the company’s corporate social responsibility (CSR) strategy, building upon a similar successful donation to the Primary Healthcare Centre in Bariga, Lagos, in 2024.

    Commending the efforts of JMG, the Permanent Secretary, Lagos State Health District 2, Dr. Dayo Lajide, called on other organisations to emulate the laudable gesture, recognizing its alignment with the state government’s plan for quality healthcare delivery.

    Similarly, the Director, Sanitation Services, Lagos State Ministry of Environment, Dr. Hassan Sanuth, noted that the reliance on renewable energy also significantly advances the state’s commitment to environmental sustainability and climate change mitigation.

    Dr. Mariam Oshodi, the Medical Director of Ketu Primary Healthcare Centre, applauded JMG for the donation, noting that the initiative would immediately and significantly improve the reliability of services at the centre. This sentiment was echoed by the Executive Chairman, Agboyi Ketu Local Council Development Area, Hon. Adetola Abubakar.

  • NCS and MAN Strengthen Partnership to Boost Manufacturing, Announce Exemptions on 4% FOB Charges

    NCS and MAN Strengthen Partnership to Boost Manufacturing, Announce Exemptions on 4% FOB Charges

    The Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) today held a joint strategic engagement in Abuja, underscoring their commitment to strengthen collaboration in support of Nigeria’s industrial growth and economic development.

    The meeting followed the directive of the Federal Ministry of Finance on the temporary suspension of the 4% Free on Board (FOB) charge. It provided an opportunity for comprehensive stakeholder consultations as required by the Nigeria Customs Service Act 2023, while also creating space to review wider issues affecting Nigeria’s manufacturing operating environment.

    In a joint statement, both organizations described the exchanges as open, frank, and cordial, noting their shared commitment to aligning customs trade facilitation objectives with the development needs of the manufacturing sector.

    Key Issues Discussed

    During the session, MAN presented specific operational challenges confronting the manufacturing sector, including:

    • Implementation of the 4% FOB charge as funding for NCS operations.
    • Multiple checkpoints impeding trade facilitation.
    • Multiple alerts in the clearance system.
    • Glitches in the B’Odogwu platform.

    In response, NCS highlighted ongoing Trade Facilitation Initiatives, such as the Authorised Economic Operator (AEO) Programme, Advance Ruling, and Time Release Study, reaffirming its commitment to balancing revenue generation with innovative measures that support legitimate trade and industrial growth.

    Major Outcomes

    The meeting produced concrete resolutions, particularly on the contentious 4% FOB charge. Following consultations with the Honourable Minister of Finance and Coordinating Minister of the Economy, the NCS announced strategic exemptions, including:

    1. Manufacturers already under Chapters 98 and 99 of the Customs Tariff – covering raw materials, spares, and machinery – will enjoy exemptions, with pre-release options available to prevent demurrage.
    2. Other manufacturers not yet on Chapters 98 and 99 will be onboarded to access the same exemptions, with MAN, NCS, and the Federal Ministry of Finance working together to expedite the process.
    3. Tripartite consultations will be held immediately to fast-track onboarding of eligible manufacturers.
    4. 4% FOB payments already made by manufacturers awaiting onboarding will be credited for future customs transactions.
    5. Exemptions also extend to:
      • Government projects with Import Duty Exemption Certificates.
      • Humanitarian and life-saving goods.
      • Beneficiaries of the Presidential Initiative for Unlocking the Healthcare Value Chain.
      • Commercial airlines’ spare parts.

    The Manufacturers Association of Nigeria also commended the AEO scheme, with both parties agreeing that NCS will soon issue clear admission guidelines to enhance participation.

    Broader Trade Facilitation Efforts

    Beyond exemptions, discussions explored additional measures to improve trade efficiency, including:

    • A one-stop shop framework to streamline regulatory processes.
    • Reduction of unnecessary checkpoints that increase costs.
    • Deployment of digital clearance systems to accelerate legitimate trade.
    • Enhanced risk management and automated compliance systems to support ease of doing business.

    Path Forward

    Both institutions agreed to establish formal consultation mechanisms, ensuring:

    • Regular dialogue on policy changes before implementation.
    • Real-time feedback systems to monitor impacts on manufacturers.
    • Periodic reviews to assess progress and identify new collaboration areas.

    Emphasizing economic impact, both NCS and MAN reaffirmed their support for Nigeria’s diversification agenda, particularly through job creation, export promotion, foreign exchange conservation, and the development of industrial clusters under a predictable customs environment.

    Joint Commitment

    The Comptroller General of Customs, Bashiru Adewale Adeniyi, MFR, pledged sustained consultation, technology-driven solutions, and trade facilitation infrastructure to support industrial growth. Meanwhile, MAN President, Francis Meshioye, OFR, assured continued constructive engagement, compliance support, and contributions of sector-specific expertise to customs policy development.

    “This engagement highlights a strengthened partnership between two critical institutions supporting Nigeria’s economic development,” both leaders affirmed. “The outcomes demonstrate that constructive dialogue produces superior results for all stakeholders while maintaining the highest standards of regulatory compliance and governance.”

  • Dapo Abiodun Commends Asiwaju Sulaiman Adegunwa for Donating Trauma Centre to OOUTH

    Dapo Abiodun Commends Asiwaju Sulaiman Adegunwa for Donating Trauma Centre to OOUTH

    Governor Dapo Abiodun has applauded the philanthropic initiative of the Chairman of Rite Foods Limited, Asiwaju Sulaiman Adebola Adegunwa, OFR, for donating an ultra-modern Trauma Centre to the Olabisi Onabanjo University Teaching Hospital (OOUTH) in Sagamu, Ogun State, for improved trauma healthcare services and in commemoration of his 80th birthday celebration.

    This was at the commissioning of the 50-bedded facility, named Sulaiman Adebola Adegunwa Trauma Centre, by the Vice President of Nigeria, Senator Kashim Shettima, on Saturday, 5th April, 2025.

    At the well-attended event were the Deputy Governor of Ogun State, Engr. Noimot Salako Oyedele; the Minister of Health, Dr. Iziaq Adekunle Salako; Speaker, Ogun State House of Assembly, Rt. Hon. Oludaisi Olusegun Elemide; and the Commissioner for Health, Dr. Tomi Coker. Other dignitaries include former Governors of Ogun State, Chief Segun Osoba and Senator Gbenga Daniel, other Senators, Traditional Rulers, top management of OOUTH, and other dignitaries from across the country.

    While commending Asiwaju Adegunwa, who is also the Chairman of Ess-Ay Holdings Limited, Governor Abiodun quoted the words of the popular William Shakespeare which says, “Some are born great, some achieve greatness, and some have greatness thrust upon them”, affirming that the Rite Foods’ Chairman even at 80, has continued to attain greatness.

    He stated his delight in celebrating Asiwaju Adegunwa during his birthday and also in being part of history in the donation of the trauma centre.

    The governor asserted that the greatest gift to great men like Asiwaju Adegunwa is to celebrate him, as it creates more pleasure in doing more.

    Abiodun said that Asiwaju Adegunwa has demonstrated an unwavering commitment to the healthcare system of Ogun State, and that the trauma centre marks a significant milestone towards attaining that.

    Also, Vice President Shettima lauded Asiwaju Adegunwa for his humanitarian gesture, which he said will help enhance healthcare delivery for accident victims and other trauma-related cases within Ogun and neighbouring states.

    He noted that the provision of the healthcare facility was timely, as it aligns with President Bola Ahmed Tinubu’s agenda for upgrading the country’s health institutions.

    Vice President Shettima described the life of Asiwaju Adegunwa as well lived, with a significant impact on the society and immediate community, creating employment for the indigenes of Ogun State through valuable business enterprises, like Rite Foods Limited and Ess-ay Holdings Limited, which has contributed to the growth of the state’s and national economy.

    According to Shettima, Asiwaju Adegunwa has inscribed his name in gold, adding that the Octogenarian believes in leaving legacies that lives for generation and this has prompted the trauma centre which will impact lives tremendously.

    In her remark, the Chief Medical Director of OOUTH, Dr. Oluwabunmi Fatungase, said the 50 bedded centre has been the desire of the management of the hospital, as the old 20 bedded accident and emergency centre is too small to accommodate accident victims within the state, which serves as a route for travelers traversing the different regions of the country, with a 41.5 percent accident rate. 

    She said it is a dream of various administrations for over twenty years that has come true as there is no General Hospital from Lagos to Benin and Ibadan to take care of accident victims, thereby making the trauma centre a well-thought-out project by Asiwaju Adegunwa.

    She described the facility as a one-stop trauma centre with all the medical equipment and healthcare personnel to handle about 2,000 trauma cases in a month, from severe to minor ones. “We are thankful to the donor. I told him that he may not know the relief he has created, considering the millions of lives that will be saved here,” she added.

    On his part, Asiwaju Adegunwa expressed gratitude to Shettima and Dapo Abiodun for their presence and commendation, as well as the hospital management which has promised to effectively utilise the trauma centre.

    “Today, l am filled with immense joy as l reflect on Sulaiman Adebola Adegunwa Trauma Centre as another fulfillment of opportunity to serve a higher calling to give and serve”, he said.

  • A New Dawn for African Sports: Unlocking Transformational Investment in Community Sports Infrastructure

    A New Dawn for African Sports: Unlocking Transformational Investment in Community Sports Infrastructure

    …The summit also saw the formal launch of Spaces 4 Sports, Sport Nigeria’s flagship initiative designed to address Africa’s sports infrastructure deficit at the grassroots level

    The Sports Africa Investment Summit 2025 has marked a pivotal moment in Africa’s journey toward sports industrialisation and economic transformation. Over two electrifying days in Lagos, the summit, hosted by Sport Nigeria Ltd/Gte (www.SportNigeria.ng) in partnership with the Office of the Presidency and the National Sports Commission, brought together a powerful coalition of stakeholders—government representatives, UNESCO, AFREXIM Bank, Development Finance Institutions (DFIs), investors, and sports industry leaders—all united by a shared vision: to unlock the immense potential of sports as a driver of economic growth, job creation, and community development across Africa. 

    At the heart of this historic gathering was the signing of a groundbreaking technical agreement between the Abia State Government and Sport Nigeria Ltd/Gte, paving the way for Africa’s first-ever Sports Special Economic Zone (SSEZ). This visionary initiative will transform Abia State into a global hub for sports goods manufacturing, leveraging Aba’s legendary craftsmanship, entrepreneurial spirit, and industrial excellence. Aligned with Nigeria’s Industrial Revolution Plan (NIRP) and the African Continental Free Trade Area (AfCFTA), the SSEZ is poised to become a beacon of innovation, trade, and industrialisation, creating thousands of jobs and empowering local businesses. 

    According to Hon. Nwaobilor Ananaba, Commissioner for Sports, Abia State, “The Special Sports Economic Zone is a game-changer for Abia State and Nigeria at large. Under the visionary leadership of His Excellency, Dr. Alex Otti, OFR we are committed to driving a collective agenda that will transform Abia into the premier hub for sports goods manufacturing and infrastructure development. This project is a bold step toward job creation, youth empowerment, and economic diversification, and we will work tirelessly to ensure its full realisation with our partners, Sports Nigeria.” 

    The summit’s robust discussions underscored the pressing need for innovative financing models, capacity-building initiatives, and diaspora engagement to sustain long-term development. According to Mr. Chinedum Chijioke, Chair of the Abia State Investment Office, “The signing of this agreement marks the beginning of a transformative journey to attract global investments and build an ecosystem where sports, commerce, and industry thrive together. We are dedicated to fostering strategic partnerships that will actualise this vision and create lasting economic impact.” 

    The summit also saw the formal launch of Spaces 4 Sports, Sport Nigeria’s flagship initiative designed to address Africa’s sports infrastructure deficit at the grassroots level. This cluster-based model will integrate community sports hubs across the continent, providing accessible facilities that encourage mass participation in sports, particularly within the education sector. By embedding sports into daily life, Spaces 4 Sports aims to achieve a 50% increase in mass sports participation, enhance youth engagement, and accelerate progress toward the Sustainable Development Goals (SDGs) and Africa Union Agenda 2063, using sports as a catalyst for education, health, and gender inclusivity. 

    The message from the summit was clear: Africa’s sports economy is ready to take off, but it will require bold investments, visionary leadership, and strategic partnerships to realise its full potential. This point was emphasised by Ms. Nkechi Obi, CEO of Sport Nigeria Ltd, “Sports is more than entertainment—it’s an industry, a business, and a force for economic transformation. Abia’s Sports Special Economic Zone is the first of its kind, but it won’t be the last. We are setting a precedent that others will follow.” 

    The private sector has a critical role to play in bridging the infrastructure gap and unlocking the industry’s potential. With sports serving as a multi-billion-dollar industry globally, Africa is uniquely positioned to harness its youthful population, raw talent, and market demand. Strategic investment in sports infrastructure will not only drive economic growth but also create employment, boost tourism, and elevate Africa’s global sporting competitiveness. 

    Mr. Yahaya Maikori, Vice Chairman of Sport Nigeria, notes that “We don’t need more talk—we need action. This SSEZ is our action plan. The world is watching, and investors are ready. Now is the time.” 

    The foundation has been laid. The partnerships are forming. Now is the time for investors, DFIs, and Africa-focused development organisations to step forward and seize this unprecedented opportunity. The future of African sports is not on the sidelines—it’s in the factories, the training centers, the research labs, and the boardrooms. 

    The call to action is clear: Invest in Africa’s sports future. Build the infrastructure. Empower the youth. Transform communities. Together, we can change the game. 

  • Wigwe University appoints Hon. Justice Amina Adamu Augie, CON, JSC (Rtd) as Pro-Chancellor, and Prof. Marwan Al-Akaidi as Substantive Vice-Chancellor

    Wigwe University appoints Hon. Justice Amina Adamu Augie, CON, JSC (Rtd) as Pro-Chancellor, and Prof. Marwan Al-Akaidi as Substantive Vice-Chancellor

    The Board of Trustees of Wigwe University appoints Honourable Justice Amina Adamu Augie, CON, JSC (Rtd) as the Pro-Chancellor/Chairman, Governing Council and Prof. Marwan Al-Akaidi CEng, CTIP, FBCS, FIET, FIAP, SIEEE  and Vice-Chancellor of the institution.

    The announcement was made in a statement signed by the Chairman, Board of Trustees, Prof. Fabian Ajogwu, OFR, SAN on Thursday, February 19, 2025.

    According to Prof. Ajogwu, OFR, SAN, these significant developments underscore the institution’s commitment to academic excellence, leadership, and innovation. 

    As the Pro-Chancellor and Chairman of the Governing Council, Honourable Justice Augie, CON, JSC (Rtd) will succeed Professor Julius Okojie, OON, the former Pro-Chancellor of the University. Meanwhile, Professor Al-Akaidi has been confirmed as the substantive Vice-Chancellor after serving in an acting role as well as Dean of the College of Science and Computing and Deputy Vice-Chancellor responsible for research and innovation.

    Honourable Justice Augie, CON, JSC (Rtd), is a distinguished jurist and former Justice of the Supreme Court of Nigeria. She obtained a Bachelor of Laws degree from the University of Ife, Ile-Ife, in 1977 and subsequently became a barrister and solicitor of the Federal Republic of Nigeria in 1978 after attending the Nigerian Law School. She later enrolled at the University of Lagos to pursue her Master of Laws (LLM) in criminology between 1986 and 1987. Her career shifted focus to academia, where she served as an assistant lecturer at Ahmadu Bello University. From 1984 to 1988, she worked as a law lecturer at the Nigerian Law School, teaching a course on evidence.

    In 1988, Honourable Justice Augie, CON, JSC (Rtd) began her judicial career and gradually advanced through the ranks. She was first appointed as Chief Magistrate in the Sokoto State Judiciary, until her appointment as a Judge of the High Court in 1992, a position she held until her elevation to the Court of Appeal in 2002. As a Justice of the Court of Appeal, she served in various divisions for fourteen years and rose to become Presiding Justice. In 2016, she was appointed as a Justice of the Supreme Court, making her the sixth female Supreme Court Justice out of 104 Supreme Court Justices in Nigeria. She is esteemed for her unwavering integrity, insightful judgments, and commitment to justice.

    The Board noted that her exceptional leadership, integrity, and wealth of experience will be invaluable in guiding the University toward its strategic goals and upholding its core values of excellence, innovation, and service.

    Professor Marwan Al-Akaidi (CEng, CITP, FBCS, FIET, FIAP, SIEEE) obtained a BSc and a Master of Science degree in Digital Communications Systems from Loughborough University (UK) and subsequently earned his doctorate from the same institution, specialising in Optical and Communications Engineering in 1988.

    Professor Al-Akaidi is a distinguished academic and visionary leader. His extensive experience in higher education, research, and innovation will be beneficial in fulfilling the University’s mission and vision. He has pioneered a variety of educational innovations, including blended, online, and e-learning within the United Kingdom and MENA region, as well as introducing MOOCs in the Middle East, thereby revolutionising access to education. He has supervised over 45 PhD/MPhil students and over 100 MSc students. Additionally, he has authored over 300 publications in prestigious international journals and conferences, served as Chief Editor for over 7 international journals, and held editorial roles in more than 40 international conferences. He has also occupied various positions in the UK and the MENA region, including Head of the School of Engineering & Technology, Dean of Computing, Vice President, and Provost.

    According to the board, his appointment marks a new chapter in the University’s journey to fostering a culture of academic rigor, scientific discovery, and entrepreneurial spirit.

  • CJN: All You Need To Know About Justice Kudirat Motonmori Olatokunbo Kekere-Ekun

    CJN: All You Need To Know About Justice Kudirat Motonmori Olatokunbo Kekere-Ekun

    Hon. Justice Kudirat Motonmori Olatokunbo Kekere-Ekun is a serving Justice of the Supreme Court of Nigeria. She is the 5th and youngest female to be appointed as a Justice of the Supreme Court of Nigeria. This article examines the early life, education, and notable achievements of Hon. Justice K.M.O. Kekere-Ekun.

    Justice Kekere-Ekun was born in London, the United Kingdom on 7th May 1958. Her parents were both indigenes of Lagos State, Nigeria. She is the eldest of eleven siblings from both parents. Her father, Alhaji Senator H.A.B. Fasinro, OFR, LL.D, was a fervent Muslim and a very dedicated family man of noble lineage. He belonged to at least 3 Royal Families in Lagos. He was a legal practitioner and very active in politics. Throughout his career, he worked for many years as a Crown Counsel in the old Western Region of Nigeria. He also became the Town Clerk of Lagos City Council (similar to being the Mayor of Lagos). In 1975, at the age of 56 years, he retired voluntarily from the civil service. He subsequently became a Senator of the Federal Republic of Nigeria in 1983. His tenure was however brought to an abrupt end with the overthrow of the Alhaji Shehu Shagari-led civilian government in a military coup in December 1983. He was also an author. He died at the age of 99 on 31st March 2019.

    Her mother, Mrs. Winifred Layiwola Ogundimu (née Savage), is a devout Christian. She studied nursing in the UK, where she qualified as a Public Health Nurse before returning to Nigeria in December 1965. Upon her return to Nigeria, she built her career in the civil service of Lagos State and retired years later, at the age of 60. Mrs. Ogundimu is currently the head of a large and prominent Lagos family, the Savage Family.

    Alhaji Senator H.A.B. Fasinro, OFR, LL.D, and Mrs. Winifred Layiwola Ogundimu both remarried when K.M.O. Kekere-Ekun was still young. K.M.O. Kekere-Ekun grew up in a polygamous home with her father, stepmothers, siblings, and other relations. One of her stepmothers, who greatly influenced her life, was a teacher. She was brought up in an extremely strict and disciplined environment at home, where she was taught lasting values such as hard work, integrity, contentment, and the ability to get on with most people and to cope with most situations. It was always a full house with extended family and other school children spending their holidays, to earn extra tutoring and a disciplined upbringing.

    K.M.O. Kekere-Ekun was privileged with quality education. She attended private primary schools before proceeding in 1970 to Queen’s College, Lagos, which was the best Federal Government College for girls in the country at the time. She studied Law at the University of Lagos, Nigeria, from 1977 to 1980 and obtained her LL.B in 1980. Following this, she attended the Nigerian Law School from 1980 to 1981 and was called to the Nigerian Bar in July 1981. From 1981 to 1982, she was engaged in the compulsory National Youth Service at the Ministry of Justice, Benin City, Bendel State (now Edo State). Afterwards, she proceeded to the London School of Economics and Political Science (LSE) where she obtained a master’s degree in law in 1983.

    After qualifying as a lawyer and obtaining a master’s degree in law from the London School of Economics and Political Science (LSE), she worked in private law practice for a few years. As a result of the toll of the demands of private practice on her domestic responsibilities, she decided to join the bench to be able to enjoy more predictable work hours. She applied and was appointed by the Lagos State Judiciary as a Senior Magistrate Grade II in December 1989. This marked the beginning of her career on the bench. She was subsequently appointed a Judge of the High Court of Lagos State on 19th July 1996. In September 2004, she was elevated to the Court of Appeal. As a Justice of the Court of Appeal, she served in five different Divisions across the country. She was the pioneer Presiding Justice of the Makurdi Division of the Court of Appeal and also served as the Presiding Justice of the Akure Division of the Court of Appeal before her elevation to the Supreme Court on 8th July 2013. She is currently a member of the Supreme Court Rules Committee and Chairman of the Supervisory Committee of the Litigation Department of the Court.

    K.M.O. Kekere-Ekun served as Chairman of the Robbery and Firearms Tribunal, Zone II, Ikeja, Lagos, from November 1996 till May 1999, when the Tribunals were abolished. The constitution of the Tribunal included one Police officer and one Military officer. In the process, the Police officer gained significant insight into the requirements for conducting effective criminal investigations and prosecutions. He was subsequently posted to the Police College (where recruits are trained) as a lecturer and was able to share a lot of what he had learned from his participation in the Tribunal hearings. In recognition of her reputation for integrity and hard work, she was one of 3 Judges of the Lagos State High Court first selected to try offences relating to financial crimes and money laundering under the Economic and Financial Crimes Commission Establishment Act, 2004 and the Corrupt Practices and Other Related Offences Act, 2000.

    Furthermore, in 2003, K.M.O. Kekere-Ekun served as a member of the Ethics Curriculum Planning Committee of the National Center for State Courts (NCSC), in collaboration with the Department for International Development (DFID) and UNODC. This committee produced the Code of Conduct for Judicial Employees. She also chaired the Public Complaints and Training Committee that was part of the UNODC pilot project on strengthening judicial integrity and capacity in Lagos State. This was from February 2003 till July 2004. The Public Complaints Committee investigated complaints against magistrates in the performance of their official duties and became pivotal for the reform of the justice delivery system in the magistrate courts. Moreover, she served as a supervisory judge in charge of the Apapa Magisterial District in Lagos State from October 2002 till July 2004. She also served as a member of the committee that drafted the High Court of Lagos State (Civil Procedure) Rules 2004 from April 2002 till December 2002. The new Civil Procedure Rules introduced innovations in case management such as the front-loading concept, pre-trial conference, and the application of ADR mechanisms for the speedy dispensation of justice. The innovations have also been adopted by most states of the Federation and have proved particularly helpful in the speedy dispensation of electoral disputes.

    From December 2001 till December 2004, she served as a member of the Steering Committee of the Lagos State Multi-Door Court House, the first court-connected Alternative Dispute Resolution centre in Africa. At the Court of Appeal, she served on the Information Technology Committee, which was to facilitate the computerization of the Court. Hon. Justice K.M.O. Kekere-Ekun is a recipient of prestigious awards. She was a recipient of the Merit Awards of the Lagos State Judiciary, in December 2003 and in September 2013. Again, she was twice awarded the Distinguished Trailblazers Awards by the Nigerian Bar Association Women Forum (August 2012 and 2014). She belongs to several professional associations and groups, including the National Association of Women Judges; International Association of Women Judges; Body of Benchers – Life Bencher W.E.F. 8th February 2018; Nigerian Institute of Advanced Legal Studies (Fellow); and International Dispute Resolution Institute (Fellow). She is also a member of the Ikoyi Club 1938.

    Hon. Justice K.M.O. Kekere-Ekun has been married to Mr. Akin Kekere-Ekun, OFR, since December 1983. His work ethic and integrity have been a great motivating factor for her. Their union is blessed with three children who are all graduates and excelling in their chosen fields. K.M.O. Kekere-Ekun is passionate about self-examination, being the change that one wants to see in the world and setting your standards early, starting every endeavour in the same manner as one means to carry on. These have been her guiding principles in her personal and professional life.

  • NGX Group mourns the loss of former Chairman, Ogunbanjo

    NGX Group mourns the loss of former Chairman, Ogunbanjo

    …commiserates with the family of Wigwe

     Nigerian Exchange Group Plc (NGX Group) is deeply saddened to acknowledge the tragic passing of our former Group Chairman, Bamofin Abimbola Ogunbanjo, OFR, and the Group Managing Director of Access Holdings Plc, Dr. Herbert Wigwe, CFR, along with his wife and son, in a helicopter accident in the United States of America.

    Bamofin Abimbola Ogunbanjo, a visionary leader and luminary in Nigeria’s corporate legal and capital market spheres, served as the President of the National Council of the Nigerian Stock Exchange (NSE) from 2017 to 2021 and as the first Group Chairman of NGX Group from 2021 to 2022, following the demutualization of the Exchange. His strategic acumen and dedication were instrumental in shaping NGX Group’s transformative journey.

    Expressing his heartfelt condolences, the Group Chairman of NGX Group, Alhaji (Dr) Umaru Kwairanga, stated, “NGX Group mourns the untimely departure of Bamofin Abimbola Ogunbanjo and Dr. Herbert Wigwe, along with his wife and son. Bamofin Ogunbanjo’s leadership has left an indelible mark on our organization and the broader Nigerian financial community, and his legacy will continue to inspire us. Dr. Wigwe also leaves an unblemished footprint in our private sector. Our thoughts and prayers are with their families during this difficult time. May their souls rest in peace and the Almighty comfort their families”.

    The Group MD/CEO of NGX Group, Mr. Temi Popoola, added, “The passing of Bamofin Ogunbanjo is a profound loss for NGX Group and the entire Nigerian private sector. He played a crucial role in shaping NGX Group, and while he will be sorely missed, his visionary leadership and impact will never be forgotten. It is heartbreaking to learn that Dr. Wigwe, his wife and son also lost their lives in the accident. The contributions of these two respected leaders to the financial markets and the overall private sector will be remembered, and we are committed to preserving their legacy by upholding the principles of leadership, innovation, and dedication that they exemplified.”

    Beyond his role at NGX Group, Bamofin Ogunbanjo was a distinguished legal practitioner, serving as Managing Partner of Chris Ogunbanjo LP (Solicitors). He served on the boards of several multinational corporations and non-profit organizations including Beta Glass Plc and the Advisory Board of the University of Buckingham Centre for Extractive Studies. He also served on the Board of GTL Registrars Limited, AIICO Insurance Plc and ConocoPhillips Limited amongst others. His contributions to the legal profession and corporate governance were exemplary, earning him widespread respect and admiration.

  • Chief Christopher Ogunbanjo’s law firm handled the incorporation of the Nigerian Stock Exchange- NGX Group

    Chief Christopher Ogunbanjo’s law firm handled the incorporation of the Nigerian Stock Exchange- NGX Group

    The Board, Management, and Staff of Nigerian Exchange Group and its subsidiaries, led by Alhaji (Dr) Umaru Kwairanga, Group Chairman, NGX Group, has paid a condolence visit to the family of late Chief Christopher Oladipo Ogunbanjo, OFR. The delegation which also featured former board members across the group and past presidents of Nigerian Stock Exchange (NSE), including Chief Oba Otudeko and Alhaji Aliko Dangote, visited the family on Tuesday, 17 October 2023.

    Expressing the Group’s deepest condolences to the Ogunbanjo family, Dr. Kwairanga stated that “Chief Christopher Oladipo Ogunbanjo was not just a father but a patriarch, an elder statesman, philanthropist, legal luminary and a corporate titan. At NGX Group, we remember him for his fatherly role on the Council of the NSE and his contribution to the growth of many companies as an investor, encouraging them to list on the Exchange. He championed many initiatives in corporate law which positively impacted many companies”.

    “While his absence leaves a void that will be felt by the family, professional colleagues, and the communities that benefited from his benevolence, it is comforting to know that Chief Ogunbanjo’s legacy will endure and continue to inspire us for generations to come, added Dr Kwairanga”

    Chief Christopher Ogunbanjo, whose firm handled the incorporation of the Nigerian Stock Exchange was celebrated as one of Nigeria’s most distinguished corporate lawyers.

  • Court Sets Date to Rule on Order Stopping Roger Brown as CEO of Seplat Energy Plc

    Court Sets Date to Rule on Order Stopping Roger Brown as CEO of Seplat Energy Plc

    A Federal Court of Appeal, sitting in Lagos, has set March 30th, 2023 as date to rule on the application seeking to set aside the interim ex-parte orders previously made by the court, stopping Mr Roger Brown, from parading himself as the Chief Executive Officer of Seplat Energy Plc.

    This was outcome of the court proceedings that held on Thursday, 23rd March 2023 at the Federal High Court, Lagos in the suit filed by some individuals against Seplat Energy Plc.

    In the various submissions by different parties to the case, arguments were made by legal representatives of Petitioners/Respondents, and those of Respondent/Applicant.

    In the course of the proceedings, the Petitioners/Respondents’ Counsel, Mr. J. C. Njikonye SAN, who led the team for the Petitioners/Respondents, informed the Court that there were two pending applications filed on behalf of the Petitioners/Respondents: (i) an application for interlocutory injunction filed on 8 March 2023, and (ii) an application for joinder filed on 20 March 2023 (“Joinder Application”). He noted that the Respondents/Applicants have applications to set aside the interim orders of the Court made on 8 March 2023. He, however, submitted that the Joinder Application should take precedence.

    Responding on behalf of the 1st Respondent/Applicant, Mr. Bode Olanipekun, SAN, submitted that: (i) interim orders were granted against persons that were not parties to the suit, (ii) the interim orders were challenged on the basis that they were granted against non-parties to the suit, amongst other grounds, (iii) those persons who were not parties to the suit at the time the interim orders were granted have come to ask the Court to set aside the interim orders, (iv) appreciating that the interim orders should not have been sought and obtained against these persons, the Petitioners have now brought an application for joinder saying those persons are necessary parties, (v) despite being aware that those persons against whom the interim order were made in their absence are necessary parties, the Petitioners did not make these persons Respondents in the suit, obtained orders against them in their absence, knowing that they were necessary parties, and (vi) has now filed the Joinder Application after obtaining the interim orders. 

    Mr. Olanipekun, SAN, submitted that the interim orders of the court had elapsed by the passage of time and if the Counsel to the Petitioners/Respondents concedes that the interim orders that had expired and needs the formal orders of the court to be set aside, the coast would be clear for him to make any further application.

    On behalf of the 2nd Respondent/Applicant, Mr. Matthew Burkaa, SAN, aligned himself with the submissions of Mr. Olanipekun, SAN, and submitted further that: (i) the Joinder Application though dated 17 March 2023 and filed on 20 March 2023, was served on the 2nd Respondent/Applicant yesterday, 22 March 2023, (ii) for a party (the Petitioners) that had represented to the Court that there was an urgency and on this basis prayed for interim orders from the Court affecting an entire company (Seplat) to have filed an application of this nature and served it only a day prior to the date the matter was scheduled for hearing, is a conduct that the Court should take into consideration in setting aside the orders.\.

    The Court, Hon Justice Aneke, after listening to the argument of all the counsels including the argument of Mr. Charles Nwabulu, who held the brief of Mr. Omoruyi Omonuwa, OFR, SAN, Lead Counsel to the Parties Affected, the court agreed that with Respondents/Applicants that the Joinder Application was not ripe for hearing. As a result, the court directed that all the Respondent/Applicants including the parties affected by the interim orders of the court should make their arguments on why the interim orders of the court should be set aside. 

    Following the directive of the Court, all the Respondents/Applicants including persons affected by the interim orders of the court argued their respective applications seeking to set aside the orders of the Court preventing, in the interim, Mr. Roger Brown from participating in the management of Seplat Energy.

    The Petitioners responded after which the court adjourned the matter to 30th March 2023 for ruling on the application seeking to set aside the interim ex-parte orders previously made by the court.