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UK Makes Attempt To Confiscate $39.3 million from London Lawyer That assisted A Nigerian Politician in Looting

British prosecutors launched an attempt on Thursday to confiscate 30.8 million pounds ($39.3 million) from a London lawyer who assisted a Nigerian politician in looting and laundering funds from the oil state he governed. Bhadresh Gohil was convicted in 2010 of 13 counts of money-laundering and other offences linked to his role in the case […]

Minister Inaugurates Committee on Commercialization of Nigeria Film Corporation

The Minister of Information and Culture, Alhaji Lai Mohammed, has inaugurated the Steering Committee on the Commercialization of the Nigeria Film Corporation (NFC), saying the country’s film industry has the potential to make Nigeria the entertainment capital of Africa. READ ALSO: runsewe-warns-industry-players-of-palliatives-scammers While performing the inauguration in Abuja on Monday, the Minister said the Federal […]

Nigeria: Stakeholders Canvass Diversification of Railway Financing Sources

Read Details of Submissions by Panelists  Amidst fears of debt trap, stakeholders at a webinar organised by the Xcellon Infrastructure Roundtable have advised against Nigeria’s over-dependence on China to fund her railway projects, canvassing unbundling of the Nigerian Railway Corporation among other recommendations. READ ALSO:nigeria-constitutional-amendment-to-allow-states-to-also-handle-railways-underway In a communique issued by the organisers of the event where […]

SINGAPORE CONVENTION ON MEDIATION ENTERS INTO FORCE.

The GIST With DRC! By Amina Nwakaego Nwabuezeh. Recall that history was made in 2019 when Singapore hosted the signing ceremony where 46 countries signed the Singapore Convention on Mediation including Nigeria, ‘with more coming on board after’.¹ Click on the link below to read a report by Aisha Ado Abdullahi on The GIST With […]

Nigeria: Constitutional Amendment To Allow States To Also Handle Railways Underway

Renowned UK based railway delivery expert, Rowland Ataguba has submitted a constitutional amendment to move railway from exclusive to the concurrent legislative list. The memorandum already before the Senate envisages a situation where state governments can plan and execute railway projects across the value chains. Ataguba who is the Managing Director of a London based […]

IMF Lending During the Pandemic and Beyond

By Robert Gregory, Huidan Lin, and Martin Mühleisen In the face of unprecedented uncertainty and the severe economic impact triggered by COVID-19, the Fund continues to adapt its lending. At the same time, it aims to ensure realistic targets, uphold the credibility of programs, and foster national ownership. To date, the Fund has provided financial assistance, mainly through […]

The fissure in Obaseki’s campaign

By Sufuyan Ojeifo There were evident gaps in Godwin Obaseki’s governorship campaign in 2016. A quick, non-exhaustive checklist: his vacuous personality, lack of appeal and validation, unpopularity, questionable pedigree and a handful of quirky negatives that unflatteringly defined a drab and uninspiring persona. But mercifully, these were effectively filled by Comrade Adams Oshiomhole’s indisputable charismatic […]

Attempt To Tarnish The Reputation Of Ocean Marine Solutions (OMSL) and Capt. Hosa Okunbo

Press Release Our attention has once again been drawn to another, in the series of orchestrated, sponsored and  malicious media  onslaughts and blackmails against our company, OMSL and our respected chairman, Capt. Hosa Okunbo.In the latest tirade tweeted by one Jackson Ude, whose trade in stock has been to fabricate utter falsehood and disseminate via […]

Trade Policy can Ensure Inclusive Prosperity in Wake of COVID-19

  Written by Chantal Line Carpentier, UNCTAD, and Katrin Kuhlmann, Georgetown Law School Trade-restrictive measures imposed by G20 governments have reached historically high levels, a trend that has only increased with the pandemic. Worldwide, supply chains are also constricting, and some countries are promoting reshoring of production due to both technological change and more inward-looking trade and economic […]

Full text of address by President of Nigeria-Turkey Business Council, Otunba Dele Oye at Interconnected Business event

ADDRESS BY Hon. DELE KELVIN OYE, 2ND DEPUTY PRESIDENT, NIGERIAN ASSOCIATION OF CHAMBERS OF COMMERCE, INDUSTRY, MINES AND AGRICULTURE (NACCIMA) AND CHAIRMAN NIGERIA- TURKEY BUSINESS COUNCIL DURING THE TURKEY – NIGERIA INTERCONNECTED BUSINESS FORUM – 18TH JUNE, 2019 VIA ZOOM ONLINE VIDEO CONFERENCE SYSTEM PROTOCOL On behalf of the Council and entire members of the […]

What is Mohd Nami doing on Tax-GDP ratio?

By Bolade Nafisat   This is a hard time to be a tax man; an era of economic downturn piles deep pressure on tax agencies worldwide. In Nigeria, pre-pandemic is never rosy ; post-COVID-19 is looking even more challenging. How is FIRS boss, Mohammed Nami coping? What can he do to increase the Tax to […]

The Gist with DRC!- “A simplistic view on virtual court proceedings and the requirement of “Hearing in Public”

By Babayemi Olaniyan Esq   It is a settled principle of law and life that the law cannot envisage every circumstance. BACKGROUND Over the years and even before colonization, disputing parties had always resolved their disputes by referring same to a third party adjudicator or mediator as the case may be. The traditional heads of […]

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