Nigerian Lawmakers Uncover Clause In Loan Deal Conceding Nigeria’s Sovereignty To China

Members of Nigeria’s House of Representatives have uncovered clauses in a loan collected by the Nigerian Government from China that concedes the country’s sovereignty to the Asian country. Chairman of the House Committee on Treaties, Protocol and Agreements, Ossai Nicholas Ossai, raised the alarm while probing loans received by the government. The committee noted that the clauses in Article 8(1) of the commercial loan agreement signed between Nigeria and Export-Import Bank of China allegedly concedes sovereignty of Nigeria to China in the $400m loan for the Nigeria National Information and…

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Nigeria, P&ID in fresh battle over use of bank records

Nigeria is currently secured a fresh legal fight with a controversial British Virgin Island engineering company, P&ID, over making use of bank records acquired by the Nigerian authorities. The fresh crisis is in relation to an alleged bribery plan and subsequent $9.6 billion arbitral claim which the Nigerian government seeks to reverse. Files obtained by PREMIUM TIMES showed the company requested a ‘pre-motion discovery conference’ with the court in its bid to stop the Nigerian federal government from using certain details acquired from banks in the United States. In May,…

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Dr Babatunde Ajibade Salutes Nigerian Law Teachers, Promises A Re-Reorientation Towards Continuous Improvement In The Quality of Legal Education In Nigeria – Courtroom Mail

Although, as recognized by Justice Oliver Wendell Holmes, the life of the law has been more of experience than logic, there is no denying that a sound legal education is the foundation of successful legal practice. I therefore salute our Law Faculties and the campuses of the Nigerian Law School in Nigeria. In your individual and collective capacities, you have contributed towards the academic, professional and personal development of Nigerian lawyers. Your influence and efforts extend far beyond the classroom and well into the future of law practice in Nigeria.…

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Post-COVID-19: World Bank says Nigeria, others must end fuel subsidy

The existing low crude oil prices present a chance for commodities-dependent economies like Nigeria to examine their energy pricing policies as they eagerly anticipate the post-COVIC-19 pandemic period, the World Bank has actually said. The Bank stated in a report released on Wednesday that energy-importing developing countries need to move far from costly aid plans and allocate their minimal financial resources to improving public health and education. The report, entitled, “Including Fuel to the Fire: Low-cost Oil throughout the Pandemic”, was released ahead of the release of the World Bank…

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COVID-19: Fayemi relaxes lockdown, asks civil servants to resume in Ekiti

With effect from Monday, residents of Ekiti State now have opportunities to pursue their businesses Monday through Friday from 6am to 8pm. Governor Kayode Fayemi, who disclosed this in a statewide broadcast Sunday evening, also revealed that consultations were underway to reopen worship centres, schools and big markets in the state. Also with effect from Monday, public officers on Grade Level 8 and above are to resume for duty while those on Grade Level 7 and below are to remain at home till further notice. The Governor also stressed that…

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