HON JUSTICE TANKO MUHAMMAD TO CHAIR MAIDEN WORKSHOP FOR SUPREME COURT JUSTICES

The Acting Chief Justice of Nigeria (CJN), Justice Ibrahim Tanko Muhammad will on Monday and Tuesday chair the maiden workshop for Justices of the Supreme Court and judges of other courts on issues relating to “secured transactions in movable assets.”

The workshop, being the first of its kind, is being jointly organised by the National Judicial Council (NJI), the National Collateral Registry (NCR) and the Juris Law Office (JLO).

The head of JLO, Professor Niyi Ayoola-Daniels, explained that the workshop is intended to bring the Justices and judges up to date on the salient provisions of the Secured Transactions in Movable Assets Act, 2017 (The Act) and Part III of the Central Bank of Nigeria Regulation on Registration of Security Interests in Movable Property by Banks and Other Financial Institution Regulation No. 1 of 2015 (The Regulation).

Ayoola -Daneil said the workshop is part of efforts by the government to ensure that the nation’s Judiciary is abreast of the provisions of the law to allow for its effective application.

He said the Act alone and the Regulation will not guarantee “best practices” and ”Rule of Law” in secured transactions in movable assets in Nigeria without effective application by a well knowledgeable and sound Judiciary on the subject matter”.

He said the workshop, with the theme: “Leveraging on movable asset for credit delivery In Nigeria: Legal and regulatory framework,” is slated for Abuja between February 11 and 12, 2019.

Ayoola-Daniels said the workshop aims “to acquaint Justices and judges with appropriate legal and regulatory framework of the secured transactions in Movable Assets Act and its contribution to the national economy.

He said the Acting CJN will also deliver the keynote address, while the Governor, Central Bank of Nigeria (CBN) Godwin Emefiele is scheduled to give the opening remarks.

Ayoola-Daniels added: “Also expected to participate at the workshop are Supreme Court Justices, Court of Appeal Justices, Chief Judge and Judges of the Federal High Court as well as Judges of the High Courts from many states across the country.

“The Honourable Attorney General of the Federation and Minister of Justice, key government officials, captains of industry, and officials of the World Bank/ International Finance Corporation (IFC).

“The Central Bank of Nigeria, in collaboration with the International Finance Corporation (IFC), established the National Collateral Registry (NCR) in 2016 in line with the Bank’s mandate on sustainable economic inclusive growth and financial inclusion. The NCR is a financial infrastructure that seeks to deepen credit delivery to Micro Small and Medium Enterprises (MSMEs) through enhanced acceptability of movable assets such as equipment, machinery, vehicles, crops, livestock, account receivables, inventories, and jewelleries,” he said.

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EFCC NEWSFLASH: CORRUPT ELEMENTS NOW STASH LOOT IN AFRICAN COUNTRIES – MAGU

      Ibrahim Magu

The tone of Nigeria’s anti-corruption war changed dramatically yesterday when the chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, disclosed that corrupt and influential Nigerians had turned their attention from Europe and America but now stash their loot in African countries considered as safe havens.

Ibrahim Magu made the stunning revelation at the signing of a Memorandum of Understanding between Nigeria’s EFCC and Nigerien High Authority against Corruption and Related Crimes, HALCIA, in Niamey, the country’s capital.

Magu said that unlike in the past when Nigeria’s looters of public treasury took their loot to safe havens in Europe, America and some islands, such elements had now found some African countries more attractive to hide their illicit cash and property.

Magu said: “From available intelligence and our investigations, it has been revealed that looters from Nigeria now go to Ghana, Egypt, Cameroun, South Africa, Equatorial Guinea, Niger Republic, Morocco, and Seychelles and so on, to stash their loots. This has led to a sharp increase in the number of Nigerians buying properties in African countries.

“In fact, some corrupt Nigerians even go to the extent of changing their names and acquiring the destination countries’ international passports in collusion with corrupt public officers in their countries of residence in order to hide their identities and evade detection.

But he vowed to turn the heat on the looters until the war against corruption was won by the government and the culprits sent to jail to serve as a deterrent to others.

The MoU, according to the EFCC in Abuja on Friday, is geared towards strengthening collaborative efforts between the Nigerian front row anti-corruption agency and its Niger Republic counterpart.

The signing of the document was the climax of a two-day working visit by the Chairman of the EFCC, Ibrahim Magu to the West African country.

But Magu begged the Nigerien authorities to help Nigeria confront the growing illicit cash movement along the borders of the two countries by identifying the owners of huge cash owned by some Nigerians in that country’s financial system and sharing the information with the EFCC to enable the agency to determine whether it is part of the proceeds of crime or not.

He also pleaded with them to assist Nigeria by identifying the numerous property owned by Nigerians including the details of the owners in order to enable the commission to ascertain if such Nigerians acquired them with looted funds or proceeds of crime

Other request by the EFCC boss to the Nigerien government included: Stopping moves by persons who plan to move funds during the elections hrough the usual medium to destabilise the political stage in Nigeria, increased clampdown on Nigerians who are involved in cyber crime and handing over their details to Nigeria and assisting the EFCC in the arrest of persons on its ‘Wanted Persons List’ who might have absconded through Niger Republic.

 President of HALCIA, Gousmane, said there was no better time than now for EFCC and the agency to sign the MoU for stronger collaboration between Nigeria and The Niger Republic in the fight against corruption.

He said: “We are ready and willing to partner with Nigeria. Nigeria has the experience and the human capacity and with President Muhammadu Buhari who is a renowned anti-corruption icon, we have no choice but to leverage on Nigeria for capacity building in taming the corruption monster,” Gousmane said.

One of the side attractions of the visit was Gousmane’s presentation of a horse as a special gift to Magu.

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RIVERS APC SAGA: SUPREME COURT AFFIRMS JUDGEMENT OF LOWER COURT

The Supreme Court has affirmed the judgement of Justice Chiwendu Nworgu on the congress conducted by the All Progressives Congress, APC in Rivers state.

The Supreme Court also addressed the issue of representation and held that Chinweikpe Chieme of the Senator Magnus Abe group of the APC is the legal representative of the APC in the state.

The apex court, therefore, upheld the appeal of Ibrahim Umar and twenty-two other aggrieved members of the APC that they were restrained from participating in the ward, local government and state congresses of the party.

With this, the imbroglio in the Rivers state chapter of the APC continues.

Details later…

I WON’T SHARE MY RETURNING OFFICER ROLE WITH ANYONE - INEC CHAIRMAN

Prof Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), has vowed not to share his role as returning officer of the presidential elections with anyone.

Prof Yakubu said this on Thursday during an interactive meeting with Catholic Bishops in Abuja.

He was speaking in reaction to comments still trailing the appointment of Amina Zakari who is reportedly related to President Muhammadu Buhari as the head of the committee on collation centre.

Zakari’s appointment was misconstrued in some quarters to mean she would be involved in the collation process.

Prof Yakubu, however, said he remains the only returning officer who would announce results for the presidential election.

“The chairman of INEC is the chief returning officer for the presidential election and I am not going to share that responsibility with anyone,” he said.

He also urged Nigerians to always draw the attention of the commission to any infraction in the national voter register for rectification

Prof Yakubu said: “We have been doing so consistently. After the last one, we received only a few comments from the states, I think 48,000 out of 84 million registered voters.

“Part of the difficulty is that we are very careful if someone says that one person is dead, because of the experience the commission had in 2015.

“We received a letter from one particular political party that a candidate was dead and they submitted a death certificate obtained from a government hospital. They also went to court, swore to an affidavit and his family also attested to the fact that the candidate was dead. They filed all these documents at the commission. A week later, the supposedly dead candidate turned up and said he was alive.”

CARPENTER ELECTROCUTED WHILE WORKING IN SAPELE, DELTA STATE (GRAPHIC PHOTOS)

Report reaching our news desk have it that a middle aged man identified as a carpenter was electrocuted few hours ago while roofing a house opposite Omoghene Lynn, along Shell Road, Sapele, Delta State.

It was gathered that the incident occurred after the man missed his step and reflexively held unto the high tension cable to prevent himself from falling.