Category: Law

  • Rethinking role of registrars as engines of justice

    Rethinking role of registrars as engines of justice

    For two days last week, Chief Registrars of courts across the country converged in Abuja to critically examine the state of court administration in Nigeria and map out strategies for building a more efficient system capable of guaranteeing effective justice delivery, reports Assistant Editor ERIC IKHILAE.

    Courts may be defined by the judgments they deliver, but they are sustained by the systems that make those judgments possible.

    At the heart of every functioning court lies its registry, an often unseen but indispensable nerve centre without which the wheels of justice would grind to a halt.

    No court system can operate effectively without a well-organised registry, staffed by trained, motivated professionals and coordinated by a Chief Registrar who serves as the administrative head of the court.

    It was this central but frequently under-appreciated role of court registries that took centre stage at a two-day strategic retreat organised by the Committee of Chief Registrars of Nigeria (CCRN).

    The retreat, held in Abuja between January 21 and 22, 2026, brought together judges, lawyers and court administrators to confront the growing demands on the judiciary and the urgent need to strengthen court administration nationwide.

    Its theme was: “Strengthening court administration, financial accountability and staff well-being for a more effective Judiciary in Nigeria.”

    The retreat provided a platform to assess the state of court administration in the country and identify practical pathways for reform.

    Why the gathering?

    The Chief Registrar of the Supreme Court and Chairman of the CCRN, Kabir Akanbi, set the tone for the retreat by explaining that the gathering was designed as an opportunity for participants “to reflect, to refine and to realign” court administration across the country.

    According to him, Nigeria’s judiciary is currently under heightened public scrutiny, a reality that demands unwavering transparency and accountability from those who manage its administrative machinery.

    Such expectations, he said, can only be met through reforms that are measurable, sustainable and credible.

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    “This is a moment of both challenge and opportunity, where decisive action can shape the future of our courts and reinforce public confidence in the Judiciary,” Akanbi noted.

    He commended the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, for directing the revival of the CCRN after years of inactivity.

    In its early years, he recalled, the committee served as a vital platform for harmonising administrative practices and ensuring institutional consistency across courts nationwide.

    According to Akanbi, the CCRN once functioned as a forum where constitutional ideals were translated into administrative standards that supported justice delivery.

    However, he regretted that its prolonged inactivity created a vacuum, leading to divergent practices across courts and widening administrative disparities that undermined a unified vision of court administration.

    Looking ahead

    With the committee now revived, Akanbi said the CCRN intends to achieve several key milestones within the shortest possible time.

    Foremost among these is the establishment of standardised administrative practices that promote fairness, efficiency and national uniformity across courts.

    The committee also plans to deepen financial integrity and procurement transparency in order to reinforce public trust in the management of judicial resources.

    Beyond systems and structures, Akanbi stressed the importance of human capital. “We will strengthen staff welfare, motivation and professional competence, recognising that justice is delivered by people, not institutions alone,” he said.

    Other priorities include enhancing collaboration across courts to ensure a coordinated and cohesive justice system, as well as reaffirming judicial independence as a constitutional safeguard essential to democracy and the rule of law.

    Court administrators and an effective justice system

    The critical role of registrars and other court administrative staff was underscored by Justice Kekere-Ekun and the Attorney-General of the Federation (AGF), Lateef Fagbemi (SAN), both of whom described them as the engine room of the court system.

    According to the CJN, Chief Registrars are the administrative anchors of the courts.

    “You are custodians of records, stewards of resources, and the critical interface between the Bench, court users and the public,” she said.

    She added that their responsibilities lie at the intersection of law, administration and policy, demanding discretion, competence, innovation and unwavering fidelity to the values of justice.

    “The efficiency of our courts is, in no small measure, a reflection of your leadership,” she stressed.

    Echoing this view, Fagbemi noted that while judges are the visible custodians of justice, registrars constitute its institutional backbone.

    As the gateway to the courts, he said, registrars are the first point of engagement for litigants, legal practitioners and the public.

    Through the preparation of cause lists, processing of filings, custody of court records, issuance of court processes and coordination between the Bench and court users, registrars ensure the seamless operation of the judicial system.

    “Indeed, without your efficiency and professionalism, the machinery of justice cannot function,” the AGF said, adding that where registries falter, the administration of justice is inevitably impeded.

    Fagbemi further observed that registrars stand at the critical intersection where constitutional provisions meet practical reality for ordinary Nigerians seeking justice.

    He emphasised that the credibility of the judiciary rests not only on judgments delivered, but also on the integrity and efficiency of its administration.

    Rethinking court administration for effective justice delivery

    In addressing the way forward, Justice Kekere-Ekun, Fagbemi and former Minister of Works, Housing and Power, Babatunde Fashola, all stressed the necessity of continuous reform.

    The CJN highlighted the inevitability of integrating technology and judicial automation into court administration.

    Modern courts, she argued, must embrace digital tools that enhance efficiency, transparency and access to justice, while remaining anchored in due process and data integrity.

    “Technology, when properly deployed, is not a disruption, but an enabler of judicial excellence,” she said.

    Fagbemi emphasised the need for continuous professional development, noting that registry work is rapidly evolving.

    Electronic case management, digital filing platforms, financial technology integration and data security now require competencies that were unnecessary just a few years ago.

    “What was sufficient knowledge five years ago is inadequate today,” he warned.

    He also advocated a review of the role of registrars to allow them perform certain procedural and quasi-judicial functions, as is the case in other jurisdictions.

    In the United Kingdom, he noted, registrars can refuse non-compliant documents and make procedural decisions on time limits.

    Canadian registrars can extend time limits, while American court clerks enter default judgments in uncontested matters.

    “Within our constitutional framework, we must consider how Nigerian registrars can be similarly empowered to handle procedural matters decisively, allowing judges to focus on substantive legal questions,” he said.

    Accountability, welfare and reform

    The AGF also stressed the importance of financial accountability, noting that court registries collect substantial revenues and that transparent management of such funds is both an administrative and constitutional obligation.

    He revealed that clearer provisions on registrars’ responsibilities and accountability would be pursued in future constitutional amendments.

    Fagbemi added that technology offers opportunities for automated receipting and real-time financial tracking, while also drawing attention to the link between staff welfare and court performance.

    “Invest in your people, and they will protect and enhance the registry’s role in the justice system,” he said.

    Fashola, for his part, called for amendments to relevant laws and rules to empower registrars with limited judicial authority.

    He argued that such reforms would allow judges to devote more time to complex hearings, rather than being burdened with routine procedural tasks.

    He criticised the outdated Supreme Court Act of 1960, pointing to its silence on registrar qualifications, delegated judicial powers, accountability structures and digital case management.

    Drawing from international examples, Fashola advocated the professionalisation of the registrar cadre, insisting that only qualified legal practitioners should occupy the position.

    “The registrar is more than an administrative officer; it is a quasi-judicial position,” he said, recommending a minimum of two years post-qualification experience.

    On financial integrity, Fashola proposed transparent budgeting systems, independent audit units and registrar-led procurement boards.

    He urged the CCRN to develop a robust anti-corruption architecture, including ethics training, whistle-blower protection, rotation policies and audit trails.

    He also raised concerns about remuneration, questioning whether existing welfare packages reflect the responsibilities and economic realities faced by registrars.

    “They must be paid living wages commensurate with their indispensable role in the administration of justice,” he said.

  • NJC seeks President’s approval to appoint 14 lawyers as FHC judges

    NJC seeks President’s approval to appoint 14 lawyers as FHC judges

    The National Judicial Council (NJC) has recommended 14 lawyers to President Bola Ahmed Tinubu for appointment as judges of the Federal High Court (FHC).

    NJC’s Deputy Director of Information, Mrs. Kemi Babalola-Ogedengbe, announced this in a statement yesterday in Abuja.

    Mrs. Babalola-Ogedengbe said the NJC took the decision at its 110th meeting on January 13 and 14, which was presided over by the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun.

    The statement reads: “At the time of the council’s meeting, the security report on the candidates was not available.

    “Council, therefore, resolved to await the submission of the security report before forwarding the names of the candidates to the President.

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    “Having received the security report, with no adverse comments on any of the recommended candidates, council, today, January 22, 2026, forwarded the names of the following candidates to President Bola Ahmed Tinubu, GCFR, for appointment as Judges of the Federal High Court.

    “The 14 successful candidates recommended to the President are as follows: Suleiman, Amida Hassan; Muhammad, Barau Saidu; Igboko, Chinelo Conchita; Onuegbu, Chioma Angela; Galumje, Edingah; Ibrahim, Vera Eneabo; Abubakar, Musa Usman, and Salihu, Aisha Yunusa.

    Others are: Ikpeme, Joy Bassey; Shehu, Umaru Adamu; Mohammed, Ibrahim Buba; Eigege-Binjin, Nendelmum Judith; Usoro, Kuyik Uduak and Nwoye, Osinachi Donatus.”

  • From trial judge to apex jurist: Oyewole’s journey to Supreme Court

    From trial judge to apex jurist: Oyewole’s journey to Supreme Court

    The National Judicial Council (NJC) has, in a move widely regarded within legal and judicial circles as both consequential and merit-driven, recommended Justice Joseph Olubunmi Oyewole for appointment to the Supreme Court. The recommendation, made at the conclusion of the Council’s 110th meeting, follows an exacting screening process and comes at a critical moment for the apex court, restoring it to its full constitutional strength and reinforcing public confidence in the judiciary’s commitment to integrity, intellectual depth, and judicial excellence. ADEBISI ONANUGA writes.

    The recommendation of Justice Joseph Olubunmi Oyewole for elevation to the Supreme Court has generated heightened expectations across the Bar and the Bench.

    Many view his impending appointment as a strategic reinforcement of the apex court’s intellectual, institutional, and jurisprudential capacity.

    At a time when the Supreme Court is increasingly called upon to resolve complex constitutional questions, high-stakes commercial disputes, and sensitive anti-corruption appeals, Justice Oyewole’s proven mastery of criminal jurisprudence, procedural discipline, and appellate reasoning is widely regarded as an invaluable addition to the Court’s deliberative strength.

    Seasoned practitioners anticipate that his presence on the Supreme Court Bench will bring a renewed emphasis on judicial efficiency, doctrinal clarity, and principled adjudication.

    Known for his firm control of proceedings, aversion to dilatory tactics, and well-reasoned judgments grounded in both precedent and policy, Justice Oyewole is expected to contribute decisively to the refinement of Nigerian case law and the harmonisation of conflicting appellate authorities.

    Beyond technical competence, his reputation for integrity, independence of mind, and respect for the Bar is seen as reinforcing public confidence in the Supreme Court as the ultimate custodian of justice, constitutional order, and the rule of law.

    The National Judicial Council (NJC), at the conclusion of its 110th meeting held last week, recommended his appointment to the Supreme Court of Nigeria.

    Justice Oyewole currently serves as the Presiding Justice of the Court of Appeal, Enugu Division.

    The recommendation for his elevation followed a rigorous and competitive screening process conducted at the Council’s meeting held last Tuesday.

    His appointment, however, remains subject to confirmation and approval by President Bola Ahmed Tinubu.

    With the retirement of the former Chief Justice of Nigeria, Justice Olukayode Ariwoola, in August 2024, the Supreme Court had operated with 20 Justices.

    The appointment of Justice Oyewole restores the apex court to its constitutionally prescribed complement of 21 Justices.

    Justice Oyewole’s elevation, from the Southwest geo-wpolitical zone, was necessitated by the vacancy created by Justice Ariwoola’s retirement.

    Legal stakeholders have, however, argued that regional balancing alone could not have accounted for his selection.

    Rather, they posit that his unimpeachable integrity, judicial courage, and deep erudition, demonstrated consistently in the handling of complex and high-profile matters across all tiers of the court system, were decisive factors.

    Many judicial correspondents also remember Justice Oyewole as one of the few judges who ensured that seats for the press were reserved in his court, while he also made his verdicts available to them to enhance the accuracy of their reporting of proceedings.

    Legal career

    Justice Oyewole obtained his Bachelor of Laws degree from the University of Ife (now Obafemi Awolowo University, Ile-Ife) in 1985.

    He attended the Nigerian Law School and was called to the Bar in 1986.

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    He commenced his legal career as a Legal Officer with the Public Complaints Commission, Makurdi, Benue State, during his National Youth Service Corps (NYSC) service between 1986 and 1987.

    Upon completion of the service year, he joined the law firm of Afolabi Adeniran & Co. (Legal Practitioners), where he practised between 1987 and 1988.

    In 1988, he established his own law firm, Olubunmi Oyewole & Co., where he served as Principal Counsel until 2001.

    He wound up the firm following his appointment to the Bench as a Judge of the High Court of Lagos State.

    Career on the bench

    Justice Oyewole was appointed a Judge of the High Court of Lagos State on May 24, 2001.

    Over the years, he served in various divisions and capacities, including Criminal Division (2001–2002), General Civil Division (2002–2004), Criminal Division (April 2004–2010), Family and Probate Division (April 2010–August 2013), Fast Track Commercial, Revenue and Mortgage Division (September 2013–March 3, 2014), Designated Judge for EFCC cases (2003–2010), Designated Family Court Judge, Ikeja Division (April 2010–March 3, 2014), Designated Probate Judge, Ikeja Division (April 2010–September 2013).

    Elevation to the Court of Appeal

    Justice Oyewole was elevated to the Court of Appeal on March 3, 2014.

    He served in five divisions prior to his recommendation for elevation to the Supreme Court, namely: Makurdi Division (April 2014–December 2014), Calabar Division (December 2014–August 2018), Enugu Division (August 2018–December 2023), Abuja Division (December 2023–April 2025), Presiding Justice, Enugu Division (May 5, 2025–date).

    Notable cases

    While serving on the High Court of Lagos State, Justice Oyewole presided over several landmark and high-profile cases.

    Nwude/Anajemba Case

    In 2005, he convicted and sentenced Emmanuel Odinigwe Nwude, Nzeribe Edeh Okoli, and Mrs Amaka Martina Anajemba for their roles in defrauding a Brazilian bank of $242 million under the guise of constructing a fictitious airport.

    The scam, one of the largest financial frauds globally, culminated in the collapse of Banco Noroeste in 2001.

    Rev. King Case

    Justice Oyewole sentenced Reverend King (Chukwuemeka Ezeugo) to death by hanging at the Lagos State High Court in Ikeja on January 11, 2007, for the murder of church member Ann Uzoh and the attempted murders of others.

    This conviction followed his arraignment on September 26, 2006, on a six-count charge.

    The Court of Appeal and Supreme Court later upheld the ruling in 2016.

    Rivers State Assembly Speakership

    At the Court of Appeal, Justice Oyewole authored and delivered the unanimous judgment affirming the decision of Justice Omotosho recognising  Martin Amaewhule as Speaker of the Rivers State House of Assembly.

    He nullified the N800 billion 2024 Rivers State budget passed by a faction of the House during the political impasse between Governor Siminalayi Fubara and his predecessor, Nyesom Wike.

    Training, scholarship and awards

    Justice Oyewole has participated in no fewer than 13 international training programmes, 39 local training programmes, and over 20 local and international conferences, where he also chaired several sessions.

    He has delivered at least 62 academic papers locally and 17 internationally. His scholarly engagements have earned him multiple recognitions and awards, including the 2007 Anti-Corruption Award by Nigeria’s anti-corruption agencies, endorsed by the United Nations Office on Drugs and Crime (UNODC).

    Professional affiliations and publications

    Justice Oyewole is a member of several professional bodies, including the Nigerian Bar Association, Commonwealth Association of Judges and Magistrates, International Association for the Reform of Criminal Justice Administration, and the UNODC Judicial Integrity Group.

    He has published extensively on financial crimes adjudication, judicial integrity, and justice administration.

    Expectations from the Bar

    Members of the Bar, including Godwin Omoaka (SAN), Dr Wahab Shittu (SAN), Dr Monday Ubani (SAN) and Kabir Akingbolu, have expressed high expectations regarding his elevation.

    Omoaka described the recommendation of Justice Oyewole by the National Judicial Council (NJC) to the apex court as a significant development for the Nigerian judiciary.

    Omoaka said Justice Oyewole has long been regarded as a “judge’s judge.”

    He said: “His trajectory from the High Court of Lagos State to the Court of Appeal has been marked by a rare combination of intellectual rigour and unflinching courage.

    “He gained national prominence for his handling of high-profile criminal matters and complex commercial disputes, where he demonstrated an exceptional grasp of both the letter and the spirit of the law.”

    Omoaka highlighted what he believes Justice Oyewole brings to the Bench.

    •Expertise in criminal jurisprudence: Justice Oyewole is widely respected for his deep understanding of criminal law and procedure. At a time when the Supreme Court faces complex appeals regarding anti-corruption and financial crimes, his experience in presiding over landmark trials will be invaluable.

    •Efficiency and speed: Throughout his career, he has been known for his “no-nonsense” approach to courtroom management. He is a jurist who discourages frivolous adjournments and technicalities that stall the wheels of justice. His presence may help enhance the disposal rate of appeals.

    •Intellectual depth: His judgments are typically well-researched and grounded in contemporary legal philosophy. He possesses the ability to balance strict legalism with the social engineering role of the law.

    •Integrity and public confidence: His reputation for impartiality is vital. His elevation serves to bolster public trust in the Supreme Court as an institution that rewards merit and consistency.

    •Strengthening precedents: I expect him to contribute significantly to the clarity of Nigerian case law, particularly in areas where there have been conflicting decisions at the appellate level.

    •Technological integration: Given his progressive outlook, he is expected to support the ongoing digital transformation of the judiciary, making the apex court more accessible and efficient.

    •Mentorship by example: His work ethic will likely serve as a blueprint for younger jurists aspiring to the appellate bench.

    Omoaka described the recommendation of Justice Oyewole as a “square peg in a square hole.”

    “He represents a blend of the old school’s discipline and the modern jurist’s dynamism. His elevation is a win for the Nigerian legal system and a step toward a more robust Supreme Court,” he posited.

    Shittu: his competence, knowledge can’t be faulted

    Foremost litigator, Dr. Shittu believes the choice and elevation of Justice Oyewole is a one hundred percent pick that no one can fault in terms of high competence, knowledge, integrity, professionalism and undiluted jurisprudence.

    “This is one addition to the apex court that is enriching, refreshing and unprecedented. The jurist scores very highly in all departments of the judex and we salute the appointors for commitment to high excellence.

    “I look forward to his robust and quality contributions to our body of jurisprudence,” Dr. Shittu said.

    Ubani: a jurist of sound intellect, proven integrity

    Dr. Ubani posited that the recommendation of Justice Oyewole for elevation is a positive development for the Nigerian judiciary and the country.

    According to him, “Justice Oyewole is a jurist of sound intellect, proven integrity, and commendable industry. His judgments often reflect clarity of reasoning, fidelity to the law, and a balanced pursuit of substantial justice.”

    Ubani argued that Justice Oyewole has shown that he possesses a deep grasp of constitutional and commercial jurisprudence, procedural discipline, and judicial restraint, and these are qualities that are indispensable at the Apex Court.

    “It is my expectation that his presence on the Supreme Court Bench will not only strengthen consistency in judicial reasoning but will also enhance jurisprudential stability and reinforce public confidence in the judiciary.

    “Over time he has demonstrated independence of mind, humility, and respect for the Bar and these are qualities that will further enrich the institutional credibility of the Court.

    “Nigerians are full of high hopes that his inclusion into the apex bench will enrich the Supreme Court in no small measure,” Ubani said.

    Oyewole’s knowledge of law superlative, says Akingbolu

    Akingbolu said Justice Oyewole is not an “anyhow judge” and not a common type of judge that you see anywhere.

    According to him, Justice Oyewole’s knowledge of law is superlative adding, “his comportment is something to write home about.

    His finesse is admirable and his sense of dignity which is the most important quality and attribute of a good judge is top notch.”

    He noted that Justice Oyewole means so many things to many people and those many things are good things and not the other way round.

    “He is going to make a change. We have good justices in the Supreme Court but Justice Oyewole is an additional asset to the apex court. I think that having him on board is a big plus for the Supreme Court.

    “The CJN Kudirat Kekere-Ekun is another justice of integrity. Justice Oyewole coming on board would boost the image, the performance, and the integrity of the apex court, and it also shows that the NJC did not go for an ‘anyhow’ person.

    “The process of his appointment is very transparent and lays so much emphasis on integrity, hard work, brilliance, knowledge of the law and on merit.

    “I want to believe that Justice Oyewole will be a good asset to the Supreme Court. He has been a good asset to the Court of Appeal.

    “When he was at Lagos State High Court, Justice Oyewole was a fantastic judge before whom you as a lawyer, would love to appear.

    “I believe the good job he did at the Lagos High Court, he continued at the Court of Appeal, he would still continue at the Supreme Court until he retires,” he said.

  • Court of Appeal lists 360 appeals in special Lagos sitting

    Court of Appeal lists 360 appeals in special Lagos sitting

    The Court of Appeal has listed a total of 360 appeals for hearing during a special court session in Lagos, in a strategic move aimed at reducing the mounting backlog of cases at the division.

    President of the Court of Appeal, Justice Monica Dongban-Mensem, who presided over the special sitting yesterday, said the initiative underscored the court’s deliberate and sustained commitment to enhancing efficiency in the administration of justice, particularly at the Lagos Division, which bears a significant volume of appellate litigation due to its status as Nigeria’s commercial nerve centre.

    The special sitting, held in Lagos where the Court of Appeal was originally established, also forms a major highlight of activities marking the court’s 50th anniversary.

    She explained that the heavy appellate burden in Lagos made proactive intervention inevitable.

    “Today’s sitting reflects the court’s deliberate and sustained commitment to enhancing efficiency in the administration of justice by addressing the growing volume of appeals across its divisions.

    “It has become timely and necessary for the court to take proactive measures to be conscious of the docket of appeals,” Justice Dongban-Mensem said.

    To effectively manage the exercise, the Court of Appeal President disclosed that the court constituted 16 panels made up of 48 Justices drawn from various divisions across the country.

    Justice Dongban-Mensem noted that all 360 appeals listed for the special sitting were ripe for hearing and urged legal practitioners and litigants to ensure full compliance with procedural requirements to avoid delays.

    “For this exercise, the court has constituted 16 panels comprising 48 honourable Justices drawn from various divisions of the court.

    “The panels will sit throughout the week, with hearings taking place at both the Court of Appeal, Lagos Division, and the National Industrial Court (NIC) Complex, in order to maximise available judicial facilities and resources.

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    “Counsel and parties are urged to take full advantage of this opportunity by ensuring readiness and strict adherence to applicable rules of procedure.”

    Recalling a previous special sitting, she expressed disappointment that several appeals could not be heard due to lack of preparedness by counsel.

    “It was very painful for me because our limited resources had been spent on air tickets, accommodation and logistics, yet we could not take most of the appeals because many counsel were not prepared,” she said.

    While acknowledging the appeal of Lagos as a city, Justice Dongban-Mensem stressed that the sitting was strictly business.

    She further disclosed that several Court of Appeal divisions were temporarily left with fewer Justices due to the deployment to Lagos.

    “It’s always exciting to be in Lagos, Justices do not have that much time for leisure travel. When we set out time to work, we want to work. This is not a vacation.

    “Many divisions have been left without Justices to take their cases. In appreciation of this sacrifice, I appeal to all lawyers to take this session seriously,” she said.

    The Court of Appeal President commended the Lagos State Government, particularly the Office of the Attorney-General, as well as the National Industrial Court, for their logistical and institutional support.

    She added that the National Industrial Court had consistently supported the Court of Appeal with both court and residential accommodation.

    “I wish to express our profound appreciation to the Office of the Attorney-General of Lagos for collaborating with the court to ensure this week happens. Otherwise, our slim resources would not be able to carry as many Justices as are here today,” she said.

    Justice Dongban-Mensem also called on lawyers, litigants and the media to help protect public confidence in the judiciary.

    She reminded the public that the administration of justice depends on evidence and active participation.

    “If we do not encourage people to have faith in the judiciary, we may not be able to contain the lawlessness that will occur when people lose confidence,” she warned.

    “Judges are not magicians. Law enforcement agencies are not magicians. They need evidence. They need people to come up and say what they saw,” she said.

    Addressing journalists, she urged accuracy and professionalism in court reporting.

    “We appreciate your work in telling the world about the judiciary, but it is important that the correct information goes out. Where there is confusion, seek clarification,” she said.

    In her closing remarks, Justice Dongban-Mensem urged all stakeholders to uphold integrity and professionalism as the Court of Appeal marks its golden jubilee.

    “Justice must not only be done, it must manifestly be seen to be done,” she said.

    Speaking on behalf of the Bar, Senior Advocate of Nigeria, Mr Ebun-Olu Adegboruwa, described the special sitting as historic and commended the initiative of the Court of Appeal President.

    “It is an auspicious event, a rare and unprecedented opportunity for us within the Lagos Bar to be blessed with an array of wise and learned Justices from the various divisions of the Court of Appeal,” Adegboruwa said.

    He assured the court of the Bar’s cooperation in ensuring speedy hearings while also congratulating the Court of Appeal on its golden jubilee.

    “We, on behalf of the Bar, assure my Lords of our readiness to facilitate a speedy and expeditious hearing of all pending cases. It is in our own interest and in the interest of our clients.

    “We congratulate the Court of Appeal for contributing immensely to the administration of justice in our nation, in the past, now and in the future,” he said.

    However, he used the occasion to draw attention to funding and infrastructure challenges facing the judiciary.

    He further expressed optimism that ongoing efforts to improve facilities at the Lagos Division would materialise.

    “We know the challenges being faced by the judiciary in respect of lack of funding from the federal government. The Bar will continue to work with the judiciary to ensure that this important arm of government is well funded,” he said.

    “We are glad that my Lord is already working on creating facilities within the premises of the Lagos Division, and we pray that this will come to pass,” he added.

  • Court grants order for substituted service on Onikoyi

    Court grants order for substituted service on Onikoyi

    Justice O. A. Oresanya of the Lagos State High Court in Ikeja has granted an order directing that court processes in a suit against the Onikoyi of Lagos be served by pasting them on the palace wall.

    The claimants, in a motion ex-parte, asked the court for substituted service of the writ of summons, other originating processes, and any future processes on the fourth defendant – Chief Hassan Kehinde Elegushi.

    This would involve posting them on the wall of his premises at Onikoyi Palace, Block 5, Onikoyi Lane, Parkview Estate, Ikoyi, Lagos State, which is the last known address.

    The claimants appeared in court through P. O. Lasisi, SAN; former Lagos Attorney-General Adeniji Kazeem, SAN; and Ademola Ekundayo.

    The fourth defendant was represented by Wale Adesokan (SAN).

    The motion ex parte relied on Order 9 Rule 5 of the High Court of Lagos State (Civil Procedure) Rules 2019 and the court’s inherent jurisdiction.

    Members of the Onikoyi Royal Family have challenged the appointment and installation of Prince Kunle Fafunwa as the Oba Onikoyi of Ikoyi and Moba Land.

    The claimants are Otunba Abdul Ganiyi Kolawole Onikoyi, Prince Akinola Oyeniyi Fafunwa, Prince Abdul Waliu Omogbolahan Sulaimon, Chief Hassan Kehinde Elegushi, Alhaji Musiliu Abidemi Onikoyi, Alhaja Wosilat Quadri, Mrs. Adeola Davies, Prince Babatunde Onikoyi, Prince Babatunde Shadeko, and Alhaji Ashraf Akinyemi Esinlokun.

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    They filed the action for themselves and on behalf of the Onikoyi Royal Family, also known as the Onikoyi Chieftaincy Family.

    The defendants are the Attorney-General and Commissioner for Justice of Lagos State, the Lagos State Commissioner for Local Government, Chieftaincy Affairs and Rural Development, Eti-Osa Local Government, and Prince Kunle Fafunwa, the 4th defendant. Claimants Challenge Legality of Oba’s Appointment

    In the suit filed by their counsel, Mr. Ademola Ekundayo of Hill City Associates, Ikeja, the claimants seek several declaratory and injunctive reliefs against the defendants.

    They argue that the selection, approval, and installation of Prince Kunle Fafunwa as Oba of Ikoyi and Moba Land were illegal, null, and void.

    They claim the process violated the Onikoyi Chieftaincy Declaration of 2006 and the Obas and Chiefs Law of Lagos State, which govern succession to the Onikoyi stool.

    The claimants want the court to set aside the selection, approval, and installation of the 4th defendant. They also seek an injunction to stop him from parading or acting as the Oba Onikoyi of Ikoyi and Moba Land.

    In addition, they request an order directing the Lagos State Government and relevant authorities to confirm and install the 3rd claimant, Prince Abdul Waliu Omogbolahan Sulaimon, as the legitimate Oba Onikoyi of Ikoyi and Moba Land.

    The statement of claim states that the Onikoyi Royal Family has one ruling house, the Muti Ruling House, with 10 branches: Fafunwa, Ojubiari, Kubayije, Ilumo, Idewu, Kugbamola, Aluko Ajose, Dosunmu Ajiwe, Adelo, and Dosunmu.

    The family argues that under the 2006 Chieftaincy Declaration, succession rotates among these branches and that it is now the Ojubiari branch’s turn after the death of the late Oba Patrick Ibikunle Fafunwa from the Fafunwa branch.

    The claimants allege that appointing Prince Kunle Fafunwa, son of the late Oba Patrick Fafunwa, breaks the rotation principle and violates the family’s customs and traditions.

  • Gov. Ododo, pay retired judges within 14 days or face lawsuit

    Gov. Ododo, pay retired judges within 14 days or face lawsuit

    • By Mutalubi Adebayo

    How this unnecessarily protracted issue escaped my memory still confounds me.

    I can recall that when I took up the Governor and the Government of Osun State over the long overdue unpaid allowances and rightful entitlements of the judicial officers of Osun State, in my 2024 piece in respect of the non-payment of the entitlements and allowances due to the judicial officers in Osun State, I received a call from one of the finest minds that ever adorned the bench of this country: the cerebral, erudite, articulate, very forthright and incorruptible Honourable Justice  Alaba Omolaye -Ajileye ( Rtd).

    He urged me to please assist in liberating the judicial officers of Kogi State too, who are equally suffering in silence from the tyranny and oppression of the Kogi State Governor and the Kogi State Government.

    I gave Honourable Justice Alaba Ajileye my words of assurance that I will take up the matter and ensure that all their due allowances and entitlements are paid to them in the same way and manner that I fought for the judicial officers in Osun State.

    It is pertinent that I must commend the Governor of Osun State, Senator Nurudeen Ademola Jackson Adeleke for promptly acceding to my demands then by settling all the outstanding entitlements due to the judicial officers in Osun State at that time without waiting for the ultimatum that I gave the state to elapse and thus preventing the need for a recourse to filing unnecessary litigations and its attendant costs and time.

    The Governor of Osun State further earned my greatest respect and adoration because, even though government is a continuum, he merely inherited those backlog of unpaid allowances and dues owed the judicial officers in the state from the two previous governments of APC in the State while the government under his stewardship didn’t owe any single judicial officer or public or civil servant in the state a dime or a penny. Kudos to the jolly good fellow, amiable, no dull moment, every smiling and always dancing Governor of Osun State.

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    Kudos must also be given to one of the media aides of the Governor of Osun State in person of Mr. Tunde Busari who did not only call me on phone, but who also drove down to meet me in Ibadan to explain to me the challenges their government was facing over the matter and assured me that the Governor was working round the clock to ensure payment of same soonest.

    Please permit my digression and let me return to the callous, abnormal and irresponsible withholding and or non- payment of the due entitlements and allowances of the judicial officers in Kogi State and all other states where such breach and rape of the rights of judicial officers and those of any other persons, for that matter, may be occurring in the country.

    I condemn such acts of misgovernance and trampling on human rights of fellow citizens as a display of executive recklessness, tyranny, oppression and anti-people. It is even a genocide targeted at the smooth administration of justice with a view to truncating and pervert same.

    I have always formed the opinion that whenever any Government behaves irresponsibly and unconstitutionally, it behoves the people to critically examine the character of the person occupying the position of the Honourable Attorney General and Commissioner for Justice in that government to fully understand the reasons for the drift of that government towards perfidy and malady, and the same would be readily known.

    A similar situation like that of Osun and Kogi States was foisted upon the government of Senator Abiola Ajimobi, the father of the modern Oyo State, upon his assumption of office on the 29th day of May, 2011.

    Some 11 retired Judicial Officers in Oyo State which included five former Chief Judges and or Acting Chief Judges – Hon. Justices N. O. Adekola, M. O. Adio, Afolabi Adeniran, R. O. Oyetunde and J. O. Ige all now of blessed memories and some other 6)Six) retired judges that included Hon. Justices T. O. Adeniran, K. A. Jimoh, L. O. Arasi, Atilade Ojo, S. O. Akinola, and A. A.Sanda all now of blessed memories made several appeals and entreaties to the government of Otunba Adebayo Alao-Akala to pay them their severance allowances and gratuities in accordance with the extant provisions of the Entitlements of Judicial Officers as prescribed by National Wages and Salaries Commission.

    When all appeals and various letters they wrote to the state government fell on deaf ears, the retired judicial officers sued the state government for their due entitlements. An Amazon on the Bench, Honourable Justice Eni Esan (now retired), before whom the matter was assigned, courageously granted all the reliefs of the Claimant Judges and ordered the State Government to pay to the retired judges all their due entitlements.

    Instead of complying with the judgment and doing the needful, the PDP government of Otunba Alao-Akala appealed against the judgment at the Court of Appeal, Ibadan.

    We inherited that appeal upon our assumption of office in May 2011. When the retired judicial officers wrote to my Governor and also endorsed a copy to me, I did not wait for the directive of the Governor before I directed the Director of Civil Litigation to withdraw the appeal from the Court of Appeal.

    It is on record that I promptly prepared a memorandum to the Governor and rendered legal advice that we should settle all the due entitlements of the retired judicial officers forthwith and also with a written apology. The Governor approved the memo, and all the due entitlements and allowances of the judges were fully paid.

    Hon. Justice Arasi copiously referenced that purposeful governance of our government in his autobiography and was full of praises and commendation for the Government, the Governor and my goodself as the Attorney-General of the State at that material time, while he also condemned the irresponsible acts and mis-governance by the government that we succeeded.

    Without wasting more time and in order not to bore my readers unnecessarily, I do hereby give 14 days ultimatum to the Governor and the Government of Kogi State to settle all the due entitlements and allowances of the retired judicial officers in Kogi State, failing which I shall proceed to a competent of jurisdiction to file an action to compel the government to pay same and also ask for damages and punitive costs in respect of the those dues entitlements and allowances.

    Injustice to one anywhere is injustice to all everywhere. Irresponsible and non-responsive government must not be tolerated anywhere within the Federal Republic of Nigeria.

    Dated at Ibadan, this Monday, the 19th Day of January, 2026.

    • JCI Senator Adebayo (SAN) is the Asiwaju of Ita-Ege & Idi-Aro and Agba-Ofin of Orile-Igbon.

  • Nestoil-Neconde debt dispute: A credit problem hiding in plain sight

    Nestoil-Neconde debt dispute: A credit problem hiding in plain sight

    • By Steve Mayor

    The Supreme Court’s recent decision to reject the appeal filed by Nestoil Limited and Neconde Energy Limited, while ordering the matter back to the Court of Appeal, has once again thrust one of Nigeria’s most consequential corporate debt disputes into public view.

    Yet, beyond the legal headlines, the ruling exposes a more uncomfortable reality about Nigeria’s credit ecosystem, one that extends far beyond the immediate parties to the case.

    The apex court did not pronounce on the substance of the debt. It neither validated nor dismissed the lenders’ claims.

    Instead, it halted proceedings on a preliminary procedural issue: which lawyers were properly authorised to represent the borrowing companies.

    While technical, the pause has created space to reflect on the deeper problem the case represents.

    The dispute

    At its core, the Nestoil–Neconde dispute is not merely a legal contest between borrowers and lenders. It is a mirror reflecting Nigeria’s fragile credit culture, one that has been years in the making.

    The dispute crystallised between 2023 and 2024, when a consortium of lenders, led by FBNQuest Merchant Bank Limited and First Trustees, commenced formal debt recovery proceedings against Nestoil Limited and Neconde Energy Limited.

    The lenders allege that the companies defaulted on large-scale loan obligations, estimated at over $1 billion, arising from financing arrangements tied to oil and gas operations executed in earlier years.

    The facilities were tied to financing arrangements within the oil and gas sector. Following the alleged defaults, the lenders moved to enforce repayment through the courts.

    The borrowers, for their part, have argued that the defaults were not the result of unwillingness to pay, but of macroeconomic shocks that severely impaired repayment capacity.

    They point to the sharp depreciation of the naira, which significantly inflated the local currency value of dollar-denominated debt, alongside volatility in the oil and gas sector that constrained cash flows.

    From a commercial standpoint, this explanation is understandable. From a credit standpoint, it is troubling.

    One thing to note is that credit systems do not operate on sympathy; they operate on certainty. When borrowers treat macroeconomic stress as justification for non-payment rather than as a risk to be anticipated and managed, the cost does not disappear.

    Banks respond predictably. Loan tenors shorten. Collateral demands rise. Pricing becomes punitive. Long-term project finance retreats. Over time, credit becomes scarcer, more expensive, and more distrust-driven. The ecosystem shrinks not because capital is unavailable, but because confidence has eroded.

    This pattern is not unique to Nestoil or Neconde. It reflects a broader Nigerian tendency where large borrowers often seek judicial relief after default, rather than early restructuring before default.

    Litigation then becomes a substitute for balance-sheet discipline, stretching disputes over years while lenders warehouse non-performing exposures and the wider economy absorbs the opportunity cost of idle capital.

    What the courts have said so far

    The judicial record has, so far, favoured enforcement.

    At the Federal High Court, the lenders secured rulings that allowed them to pursue recovery measures, including receivership.

    The Court of Appeal subsequently upheld key aspects of those decisions, reinforcing the lenders’ position and narrowing the borrowers’ options.

    It was against this backdrop that Nestoil and Neconde approached the Supreme Court, seeking to overturn the appellate rulings.

    But rather than engage the merits of the debt, the apex court identified a threshold issue that could not be ignored: a dispute over legal representation.

    The court ruled that proceedings conducted without properly authorised counsel could be legally defective, and therefore remitted the matter back to the Court of Appeal to resolve that issue first.

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    Crucially:

    • The Supreme Court did not absolve the borrowers of liability

    • It did not strike out the lenders’ claims

    • It did not rule on the validity or enforceability of the debt

    Financial hardship and the limits of judicial sympathy.

    Publicly available rulings do not suggest that arguments around FX losses, sector volatility, or cash-flow constraints were accepted as legal defences to default.

    Courts have been increasingly clear: financial difficulty may explain default, but it does not rewrite contracts.

    Unless a borrower can show that a lender breached the agreement or failed to follow due process, enforcement rights tend to crystallise once repayment terms are breached.

    This legal posture matters. It signals to the market that courts remain reluctant to socialise private credit risk through judicial indulgence.

    Why this case matters

    Seen through this lens, the Nestoil–Neconde dispute is less about procedural technicalities and more about what happens when credit risk is mispriced, macro risk is underestimated, and repayment discipline weakens.

    It is a reminder that sustainable access to capital is built not merely on the ability to borrow, but on the credibility of repayment, especially when economic conditions turn adverse.

    What happens next

    The Court of Appeal is now expected to resolve the representation dispute and transmit its findings back to the Supreme Court.

    Only then can the apex court, if necessary, proceed to consider the substantive appeal.

    Until that point, the debt recovery process remains legally alive but procedurally paused, and the larger questions it raises for Nigeria’s credit system remain unanswered.

    Ultimately, credit markets survive on credibility, and that burden rests first with the borrower.

        Mayor writes from Abuja

  • Ex-judge lauds Fintiri for pardoning farmer sentenced to death

    Ex-judge lauds Fintiri for pardoning farmer sentenced to death

    In a resounding endorsement of executive compassion, Justice Alaba Omolaye-Ajileye (Rtd), a former High Court judge and visiting professor at the National Open University of Nigeria, has commended Adamawa State Governor Ahmadu Umaru Fintiri for granting a state pardon to Mr Sunday Jackson, a rural farmer who faced the death penalty for culpable homicide.

    He noted that the pardon, exercised as part of Christmas and New Year festivities, represents a rare invocation of the governor’s constitutional prerogative of mercy under Section 212 of the 1999 Constitution (as amended).

    Justice Ajileye-Ajileye described it as “a luminous example of the true purpose for which the prerogative of mercy is vested in the executive arm of government”.

    He emphasised that it is “not ornamental, nor merely ceremonial, but a substantive constitutional safeguard designed to temper the rigours of the law with humanity, conscience, and equity.”

    Jackson’s protracted legal battle, documented as Sunday Jackson v. The State (2025) LPELR-80692, originated in the Adamawa State High Court.

    The rural farmer, lacking legal representation at critical early stages, was convicted of culpable homicide punishable by death following a violent confrontation linked to Nigeria’s pervasive farmer-herder crisis.

    Witnesses described a sudden altercation in a volatile area plagued by insecurity, where Jackson, a poor subsistence farmer, acted amid escalating tensions between agrarian communities and nomadic herders.

    The High Court’s death sentence was affirmed by the Court of Appeal. The case reached the Supreme Court, where a 4-1 majority upheld the conviction.

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    However, Justice Helen Moronkeji Ogunwumiju, JSC, delivered a powerful dissent, explicitly urging clemency.

    “The appellant was ‘a proper candidate for the Governor of Adamawa State to exercise his prerogative of mercy,’” she wrote, highlighting doubts over whether Jackson’s actions constituted lawful self-defence rather than criminal intent.

    Justice Ajileye-Ajileye stressed the dissent’s gravity: “Surely, such language is neither casual nor customary. Justices of the Supreme Court do not lightly invite executive intervention.

    “When they do so, it is because they apprehend that the rigorous application of legal doctrine has produced an outcome that offends substantive justice.”

    The case has ignited national and international scrutiny. Human rights organisations, diplomatic missions, and advocacy groups raised alarms over its humanitarian dimensions, warning of damage to Nigeria’s global human rights profile.

    Locally, it fueled debates on death penalty application in non-premeditated cases, especially amid over 3,000 inmates on death row nationwide, per recent Amnesty International data.

    Intellectual discourse peaked at the Annual Criminal Law Review hosted by the Rule of Law Development Foundation (ROLF), coordinated by J.B. Daudu, SAN, former Nigerian Bar Association president.

    Justice Ajileye-Ajileye chaired a session where Jackson’s matter emerged as a “paradigm case for executive clemency.”

    Participants reached a “clear and unmistakable” consensus endorsing Justice Ogunwumiju’s plea, viewing the farmer’s plight, shaped by procedural lapses, evidential contingencies, and socio-economic vulnerabilities, as crying out for mercy.

    “The constitutional prerogative of mercy exists for precisely such cases, where the judicial process has reached its conclusion, yet profound questions of justice, humanity, and proportionality remain unresolved,” Justice Ajileye-Ajileye stated.

    He clarified that the pardon does not erode judicial authority: “It has demonstrated respect for the Court’s processes while acknowledging its internal division and responding to the conscience expressed in a powerful dissent.”

    Justice Ajileye-Ajileye warned that ignoring such judicial signals risks rendering mercy “merely symbolic,” underscoring the executive’s unique mandate to factor in “context, public policy, humanitarian considerations, and social justice.”

    In broader terms, the pardon addresses immediate inequities while advancing national interests.

    “The exercise of mercy by His Excellency has not only addressed the immediate injustice perceived in this case but also served the broader national interest by mitigating international concern, easing social tension, and reaffirming to the whole world, Nigeria’s commitment to balancing justice with compassion. “I commend His Excellency for this historic decision,” the retired judge said.

  • We’ve been vindicated, says Akingboye’s widow after DPP clearance

    We’ve been vindicated, says Akingboye’s widow after DPP clearance

    • ‘Advice has brought closure to our tragedy’

    The widow of late Chief Bamidele Akingboye, a former governorship aspirant of the Social Democratic Party (SDP) in Ondo State, Mrs Christiana Akingboye, yesterday said she and her family have been completely vindicated following the final legal advice issued by the Lagos State Directorate of Public Prosecutions (DPP) on her husband’s death.

    Speaking at a press conference in Lagos, Mrs Akingboye said the DPP’s advice, dated January 5, 2026, brought to an end months of speculation, suspicion and emotional trauma that trailed the passing of her husband on September 3, 2025.

    She confirmed that the state’s chief prosecutorial authority found no case against her, her children or any member of their household.

    “The Lagos State Government has concluded its independent and thorough review of this matter and has cleared us of any wrongdoing.

    “The advice is clear: there is no case to answer, no foul play was established, and no prosecution should proceed against me, my children or any member of our family,” she said.

    Describing the advice as the final prosecutorial position of Lagos State, Mrs Akingboye said the decision affirmed what the family had consistently maintained since the tragic loss of her husband.

    According to her, the legal conclusion has brought a measure of closure after a prolonged period of public scrutiny that compounded their grief.

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    Identifying herself “first as a wife, a mother and a human being in grief,” she said the months following her husband’s death were among the most difficult of her life.

    She noted that instead of being allowed to mourn privately, her family was thrust into the public arena, forced to defend their integrity at a time of profound personal loss.

    “Before we could even begin to grieve properly, we were subjected to intense speculation and commentary. We found ourselves defending our love for a man we lost, while still trying to make sense of the tragedy,” she said. “The emotional toll on my children, in particular, was heavy and deeply painful.”

    Despite the strain, Mrs Akingboye said the family cooperated fully with all investigative and lawful processes initiated by the authorities.

    She stressed that they made themselves available to investigators at all times, even while navigating shock, loss and emotional exhaustion.

    “We did not evade any process. We submitted ourselves to every lawful inquiry because we believed in the system and in the truth. That process has now run its full course,” she said.

    Mrs Akingboye appealed to the public and the media to respect the family’s privacy and allow them the space to heal. She noted that while the legal process may have timelines, grief and healing do not.

    “Grief does not run on legal timelines. Healing cannot be rushed. We ask for compassion and understanding as we try to rebuild our lives after this loss,” she said.

    She also cautioned against harmful assumptions and stigmatisation, particularly around mental health issues.

    According to her, such assumptions not only deepen pain for grieving families but also discourage open conversations and compassion.

    “Mental health challenges are not crimes. They deserve care, empathy and support, not judgment, suspicion or sensationalism,” she said.

    Mrs Akingboye expressed gratitude to family members, friends and well-wishers who stood by her family during the difficult period.

    She paid special tribute to members of the Redeemed Christian Church of God, Jesus Assembly, for their prayers and support, and commended her children for their resilience in the face of adversity.

    “We seek no controversy and no further debate. We ask only for the dignity to mourn, to heal and to move forward in peace,” she concluded.

    Details of the DPP’s advice, signed by Dr Babajide Martins, indicated that the post-mortem examination conducted on the deceased found no injuries consistent with the involvement of a third party.

    The advice further noted that the medical findings were consistent with suicide, which could not be excluded in light of the deceased’s documented bipolar disorder.

    On the basis of the medical evidence and other materials reviewed, the DPP concluded that no prima facie case existed against the widow or any member of her family, and that no criminal prosecution should be initiated.

    Counsel to the family, Dr Abiodun Adesanya, confirmed the DPP’s position, describing it as clear, thorough and unequivocal.

    He said the advice followed a detailed assessment of all available evidence, including medical records, post-mortem findings, witness statements and other materials submitted to the authorities.

    “The conclusion was not reached lightly. The Lagos State Directorate of Public Prosecutions reviewed the totality of the evidence before it and found that while a death occurred, no act of foul play was established and there was no basis for any criminal charge,” Adesanya said.

    He noted that beyond the legal findings, the human cost of the prolonged scrutiny faced by the family should not be ignored.

    According to him, the widow and her children lived under a cloud of suspicion at a time when they should have been mourning privately.

    “This is not about triumph or blame. It is about truth, closure and compassion. The criminal aspect of this matter has now been conclusively settled,” he said.

    Adesanya added that while the family is still considering its personal options going forward, it hopes the conclusion of the investigation will put an end to speculation and allow them to grieve in peace.

    Earlier reports had highlighted the widow’s call for the release of her husband’s autopsy report amid widespread speculation surrounding his death, including claims by a blogger that the report confirmed foul play. The DPP’s advice has now laid those claims to rest, the family said.

  • Security company gets 10 days to resolve theft allegations

    Security company gets 10 days to resolve theft allegations

    NGX Regulation Limited has given a 10 working-day ultimatum to a securities company, Global Assets Management Limited, to resolve the allegations of alleged forgery, theft, diversion of proceeds, and possibly money laundering leveled against it by a complainant, Mr Kolawole Oladapo Adesina

    Adesina had alleged that shares belonging to him and his late father, Emmanuel Olanipekun Adesina, from different companies were stolen and proceeds diverted to unknown persons.

    In the same vein, the Securities and Exchange Commission (SEC) also launched investigations into the same complaints against the same securities company.

    NGX Regulation, is a wholly owned subsidiary of Nigerian Exchange Group (NGX group) committed to promoting just and equitable principles of trade and sound business practices in the Nigerian capital market by strictly enforcing clients’ listing and trading rules in accordance with global best practices. Its activities seek to promote the integrity, transparency and efficiency of our market, ensuring that the standards set are effective in maintaining a fair and orderly market where investors are adequately protected.

    In a letter with reference number NGXRECO/MRIVG/7160/1/26, signed by Chinedu Akamaka, Head, Market Regulation, the regulatory body acknowledged the petition of the complainant and stated that “In line with rule 5(4) of the Securities and Exchange Commission’s (SEC) rules on Complaints Management Framework of the Nigerian Capital Market 2015, your firm is required to solve this complaint within ten(10) working days and forward a report on resolution or non resolution. Your report should reach NGX Regco not later than 30 January 2026”.

    SEC, in its own letter dated January 7, 2026 and signed by Mr John Abel Briggs, the Head, Lagos Zonal Office stated that while acknowledging Adesina’s petition, it has commenced investigations into the matter. “Please be informed that we have commenced investigations by seeking Global Assets Management Limited, CSCS, and NGX to investigate the allegations in line with the Complaint Management Framework of the Nigerian Capital Market(NCM).

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    The company in the eyes of the storm, Global Assets, has however denied any wrongdoing in its reply addressed to NGX Regulation and signed by its Managing Director, Sir Babatunde Sobamowo, saying the allegations were unfounded.

    Adesina, still smarting from the shocking revelation that his father, Prince Emmanuel Olanipekun Adesina, a late Banker with the United Bank of Africa (UBA) who allegedly died intestate did not,  but has a will.

    He’s currently battling to have the will read at the Probate Registry of the High Court of Lagos State, Ikeja Judicial Division.

    In the many shocking revelations while going through his parents’ documents, he discovered many shares his father had bought for him since the time of his youth.

    Most of these shares, and that of his father, has disappeared without a trace, only relying on the father’s documentation to trace them.

    In a 15 paragraph affidavit he deposed to and filed at the registry of the Ikeja High Court, which formed his petition before SEC, the complainant narrated his ordeal this:

    “I am the beneficial owner of securities and investments held with Global Asset Management Limited under account number 23278460(old account number A0457245) and Clearing House No C4928105AN. I have held the investments registered in my name since my childhood, acquired and maintained by my late father for my benefit.

    My late father, whose particulars I can provide on request, purchased shareholdings  in my name up to and including the date of his death on February 21, 2006.

    I did not authorize any sale of the Securities held in my account and have never knowingly sold any holdings in that account;

    “On or about August 25,2022 when I attended the offices of Global Assets Management to effect a sale of certain securities to raise funds, I was provided with documentation and account records indicating that a substantial (and in some cases total) portion of my securities had already been sold and the sale proceeds diverted.

    “No such sale had been authorized by me and no proceeds of such alleged sale were paid to me or credited to the account records held by Global Assets in my name;

    “Upon inspection of the physical file and documents in my possession and in the custody of Global Assets Management, I discovered numerous stock transfers, notes on sale and other documents bearing my signature which I did not sign. I verily believe that the said signatures are forged”.

    With this discovery, Adesina directed his lawyers, Pich Solicitors, to write a letter of demand to the company requesting production of all documents and materials relating to his account from February 21, 2006 till date. The company however failed to comply. He therefore urges SEC to compel the company to produce the documents and other materials requested. He fears if it’s not compelled, the company may alter, delete, or otherwise fail to preserve records relevant to the matters that are subject of his complaint.

    Adesina exhibited over 10 documents to support his complaint which include copies of his account statements, copies of stock transfers bearing alleged forged signatures, CSCS certificate/ deposit forms relating to his holdings, sales contract notes and transaction confirmations, CSCS printout on stocks held in his name, dividend statements and dividend warrants in his name, copies of his share certificates in Berger Paints Nigeria Plc, Nigerian Bottling Company Plc, Grammac Industries Plc, and West African Portland Cement Plc. “I unequivocally and verily believe that the exhibits listed are materials relevant to the issues raised in this application and that they substantiate the allegations of unauthorized sales, forged signatures,and diversion of sales proceeds”, he averred.

    Adesina’s petition was copied to the Chairman of Global Assets Management, Dr S.T.V Adegbite and all other directors of the company. It’s also copied to DG SEC, CEO, Nigerian Exchange Group, MD, Central Securities Clearing System Plc(CSCS), The Chairman, Economic and Financial Crimes Commission (EFCC), Director, Nigerian Financial Intelligence Unit(NFIU), and Commissioner of Police, Force CID(Financial Crimes Unit).

    In its response addressed to NGX Regulation, Global Assets Management Limited described all the allegations as unfounded. “In compliance with our regulatory obligations, we have carefully reviewed the allegations contained in the petition and hereby provide our response, addressing each issue raised by the petitioner sequentially and supported by relevant documentation”, the response stated.

    The company explained that their real client was the petitioner’s mother, late Mrs Frances Omorolaun Adesina. “Our professional relationship with her spanned several years during which she conducted securities transactions through our firm until her demise. At no time prior to her death did the petitioner operate the relevant account independently or maintain a separate trading mandate with GAM”, it stated.

    GAM maintained that its first formal interaction with the petitioner occured through his lawyer, Pich Solicitors, requesting information relating to the state of the petitioner’s father. Subsequently the petitioner personally visited and was availed with a CSCS statement relating to his account and a KYC update form which the petitioner never returned.

    The company stated further: “According to records obtained directly from CSCS,  the only securities credited to the petitioner’s account were deposited on September 15, 2009, three years after the death of his father in 2006. We are unable, and not required to determine whether the shares were purchased by his late father or late mother. However the records show that no securities were deposited into the petitioner’s account in 2006 or earlier. Only three securities were deposited through GAM”.

    The company also listed as exhibits documents which includes a duly executed sale order form dated April 4, 2014, Statement of account of the late mother, copy of cheque, letter of authority dated January 11, 2014 signed by the petitioner and his sister authorizing their late mother to transact on matters relating to their father’s estate, and GAM bank statement confirming payment of the proceeds to the named beneficiary.

    However, there seems to be discrepancies in the signature tendered by both parties as they did not correspond. SEC will therefore determine which one is genuine and having regard to the power of a parent to trade on an adult child securities without proper consent.