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NBA launches ‘rainy-day’ fund for lawyers, members to get N2m loans

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The Nigerian Bar Association (NBA) has launched a N1.5 billion Stabilisation Fund to sustain its members in cases of extreme financial needs.

NBA President Olumide Akpata disclosed this in a statement on Sunday, saying that the fund will provide access to finance for lawyers, who may require loans, at single digit, or less than market interest rates.

According to Akpata, under the scheme each borrower could be entitled to the maximum sum of N2 million, adding that the fund already had N1 billion.

He said: “As I mentioned to you during the NBA electioneering campaigns in 2020, the need for a stabilisation or ‘rainy-day’ fund for an association like ours cannot be overemphasised.

“Leading Bar associations around the world have, over the years, set aside significant amounts that they can resort to for their major expenses, especially when there is a considerable fluctuation in their revenues.

“I, therefore, campaigned on the importance of a savings culture and proper investment of our funds at the NBA as a way to not only grow our assets base, but also minimise interference from external bodies that may have a stronghold on the association on account of funding, donations, and grants.

“I also mentioned that access to, and availability of, finance for lawyers is a major issue that requires institutional attention from the NBA.

“I believe that unlocking access to capital for our deserving members is key to improving our law practices, increasing revenue generation for lawyers, and overall bettering our professional lives.

“On that basis, in a recent correspondence to you, I informed you that we, together with the members of the NBA Finance Committee (under the joint leadership of Seni Adio, SAN and Mazi Okechukwu Unegbu), were working on a framework to deal with each of these issues.

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“I am pleased to report that the targets that we set for ourselves on those points are now being realised as follows:

“We have set up the NBA Stabilisation Fund which we have already saved up and set aside the sum of N1 billion for, and now commit to having up to N1.5 billon (in the aggregate), at the minimum, deposited in the fund, over the next few months.

“The fund will invest in a portfolio of assets that will generate steady returns for the Association over time.

“A team of subject matter experts have developed investment guidelines on how the Fund will be managed, invested, and utilised.

“The National Executive Council of the NBA approved the establishment of the Fund at its meeting held on 16th December 2021.”

Speaking further he stated:

“We have set up an access to finance scheme for lawyers who may require loans, at single digit, or less than market interest rates, for their working capital and operational needs.

“The scheme involves enabling borrowing by eligible lawyers from two designated commercial banks (First Bank of Nigeria and Access Bank PLC) under an arrangement that is backstopped or cash-backed by the NBA.”

Regarding the modus operandi if the scheme, Akpata said that terms will be detailed in the documents that a lawyer is expected to sign with a participating bank for the maximum amount available to each lawyer.

How much a lawyer gets, according to him, depends on a needs assessment and creditworthiness of the lawyer and will be agreed between the lawyer and the participating bank.

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For proper risk management, however, the agreed amount will not exceed the sum of N2million per borrower for a tenor of up to three years and at an interest rate of 9.5 per cent per annum.

Some of the loan conditions are that among other things, to be eligible, the lawyer will need to provide evidence of payment of practising fees and NBA branch dues for three years (the year of application and the two years preceding that)

“Signed but undated cheques from the lawyer’s bankers for the value of the amount borrowed. A letter from the lawyer irrevocably domiciling his/her salaries, or law firm receivables with the participating bank

“A letter of good standing from the NBA, A copy of Call to Bar certificate of the borrower (in the case of an individual), or of the partners (in the case of a partnership)

“A Global Standing Instruction to the participating banks to set off any amount owed on the balance of the lawyer both within the bank and in any other bank and a credit insurance cover.

As to how to access the loan, Akpata said disbursements under the scheme will commence in January 2022, while relevant contact details of the Access Bank and First Bank team members will be circulated in January 2022.

As a note of warning to would-be borrows, meanwhile, Akpata said:

“Before approaching either participating bank, be sure of the amount that you wish to borrow under the arrangement and of your ability to repay as and when due.

“Read the offer letter and loan documents carefully. Members of the NBA Finance Committee have agreed on the general terms of the template offer letter with each participating bank, but lawyers should read through the terms themselves before making any commitments.

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“The NBA and the participating banks have agreed on a tiered mechanism for enforcement in the event of default on the loan, which includes the possibility of deeming a default as professional misconduct.

“As such, we encourage our members to borrow prudently and only for purposes that will help expand their operations, improve their practices, grow their revenues, and ultimately better their professional lives.

“The NBA Finance Committee will circulate further correspondence regarding the Access to Finance Scheme in due course.

“We know that you have enormous expectations of us, and my team and I will continue to do all that we can to meet those expectations and to deliver on your mandate.”

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Legal Affairs

Outrage as Court Grants Bail to Suspects in Wedding Guest Killings in Plateau

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Relatives of the 13 wedding guests killed in Plateau State have condemned the State High Court’s decision to release 20 suspects on bail.

The victims were brutally murdered on June 12, 2025, when a mob attacked their bus in Mangun district, Mangu Local Government Area.

They were traveling from Kaduna State to attend a wedding in Qua’an Pan LGA before tragedy struck.

According to reports, the group lost their way and entered a volatile community already shaken by recent terrorist activity.

Local youths allegedly mistook them for bandits and launched a deadly assault, leaving 13 people dead on the spot.

Following the killings, security operatives arrested 21 suspects.

In an earlier court sitting, 20 of them were remanded at the Jos Correctional Center while investigations continued.

However, on Wednesday, August 20, Justice Nafisa Lawal Musa granted bail after a motion filed by defence counsel, Garba Pwul (SAN).

This ruling has triggered outrage among the families of the victims, who insist the development is a slap in the face of justice.

Mallam Abdullahi Tahir Balami, a relative of one of the deceased, condemned the court’s action.

Speaking to reporters, he described the ruling as suspicious and raised concerns about possible foul play.

“With this development, we are now questioning the commitment of the Plateau State government to justice,” Balami said.

“It is saddening that suspects in a multiple homicide case can be released on bail.”

Another relative, Mallam Ubale Anguwar Dantsoho, who lost several family members, also expressed anger.

He described the decision as shocking and warned that justice may never be served.

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“How can suspects in a murder case be granted bail?” he asked. “It shows that our system is failing us.”

Maryam Usman, widow of the driver killed in the massacre, expressed her heartbreak.

She said she struggled to understand why suspects linked to such a crime would be freed.

“What kind of court is this?” she asked in despair. “Instead of justice, the court dashed our hopes. We no longer believe justice will come.”

Her words echoed the feelings of many families now convinced that the judiciary has abandoned them.

Human rights activists are also calling for urgent intervention from both the state and federal governments to ensure accountability.

The Plateau killings have become one of the most disturbing tragedies in recent months.

The case now highlights the growing tension between grieving families and a judicial system accused of ignoring victims.

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Legal Affairs

Court upholds Zamfara govt’s seizure of 40 vehicles from Matawalle

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Zamfara State Governor, Ambassador Bello Matawalle

The Court of Appeal in Sokoto has upheld the Federal High Court’s decision dismissing former Zamfara State Governor Bello Matawalle’s challenge over the confiscation of over 40 official vehicles seized from his residence after he left office in 2023.

Delivering its unanimous verdict on August 8, 2025, a three-member panel led by Justice A.M. Talba ruled that Matawalle failed to provide credible evidence proving personal ownership of the vehicles.

The court emphasized that the vehicles were government property, not private assets, and rejected his claim that the seizure violated his fundamental property rights.

According to Zamfara State Governor Dauda Lawal’s spokesman, Sulaiman Idris, the vehicles were recovered in June 2023 after Matawalle and his deputy ignored a five-day ultimatum to return them.

Following their refusal, the state government sought and obtained a court order, enabling police operatives to raid Matawalle’s residence and recover the vehicles.

Initially, Matawalle secured an interim ruling from the Federal High Court in Gusau for the vehicles to be returned to him.

He also filed a separate suit claiming the confiscation breached his fundamental rights.

However, the case was transferred to the Sokoto division of the Federal High Court, which dismissed his claims in December 2023, affirming that the vehicles remained state property.

Dissatisfied with the lower court’s ruling, Matawalle escalated the matter to the Court of Appeal.

The appellate court, however, upheld the Federal High Court’s decision, affirming that the police acted lawfully in investigating the alleged misappropriation and that the state government followed due process in retrieving the vehicles.

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The court concluded that Matawalle’s claims lacked merit and could not shield him from investigation or potential prosecution.

 

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Legal Affairs

Your tenure as LP chairman is over — Court, INEC tell defiant Abure

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Abure faction of Labour Party insists Supreme Court Labour Party judgment was in Abure's favour

The leadership crisis tearing the Labour Party apart appears to have reached a turning point as the Federal High Court in Abuja, on Friday, struck out Julius Abure’s case against the Independent National Electoral Commission (INEC), officially affirming that he is no longer the party’s National Chairman.

The court, in Suit No. FHC/ABJ/CS/1523/2025, dismissed Abure’s suit due to a lack of jurisdiction, aligning with the Supreme Court’s earlier verdict on April 4, 2025 (Appeal No. SC/CV/56/2025), which voided all prior recognitions of his leadership.

However, while speaking on the judgment, Senator Nenadi Usman, the party’s Interim National Chairman, described the ruling as a clear victory for the rule of law.

“This decision removes every lingering doubt about Abure’s status. The chapter is closed. It’s time to put distractions behind us and rebuild the Labour Party into the disciplined, people-centred movement Nigerians deserve”, she said.

Also, INEC’s counter-affidavit in the case further solidified the court’s position, stressing that Abure’s tenure, along with that of the National Executive Committee, had expired in June 2024.

The commission also argued that the controversial March 27, 2024 “Nnewi National Convention” was invalid as it violated the 1999 Constitution, the Electoral Act 2022, INEC guidelines, and the Labour Party’s own constitution.

Senator Usman commended the electoral commission for its “clarity, courage, and institutional integrity” in presenting the facts and urged party members to “respect the supremacy of the Constitution and the authority of the courts.”

With bye-elections on the horizon and the 2027 general elections in sight, this ruling could mark the end of a year-long factional battle that has plagued the party.

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The focus now shifts to uniting the Labour Party and preparing for the political challenges ahead.

 

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Legal Affairs

NNPC secures landmark court victory against Senator Araraume

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Senator Araraume

 

On August 8, 2025, the Court of Appeal, sitting in Abuja, upheld NNPC Ltd.’s appeal against the Federal High Court’s April 2023 judgement that annulled Senator Ifeanyi Araraume’s removal as non-executive Chairman of the NNPC Board and awarded him ₦5 billion in damages.

The Court of Appeal’s judgement spares NNPC Ltd a massive financial payout and removes a legal risk that could have invalidated all decisions of the Board since 2021.

The Appeal Court agreed to NNPC Ltd.’s position that the Federal High Court’s earlier decision was delivered in error, noting amongst others, that the claim was statute-barred.

This decision of the Court of Appeal secures governance stability for NNPC Ltd., sets a corporate governance precedent in Nigerian law, and upholds the validity of Board resolutions critical to the oil and gas industry’s investment and policy direction.

 

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Legal Affairs

Ibom Airport Saga: Court discharges Comfort Emmason

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Comfort Emmanson

An Ikeja Magistrates’ Court on Wednesday cleared Miss Comfort Emmason of all charges related to unruly behavior and assaulting the flight crew aboard an Ibom Air flight from Uyo to Lagos.

Magistrate Olanrewaju Salami struck out the five-count charge following the withdrawal of the case by the police prosecution team.

During the hearing, prosecutor Oluwabunmi Adeitan informed the court of new developments that led to the decision to discontinue the case.

She submitted a formal application for its withdrawal, which the court accepted, effectively bringing the matter to a close.

 

 

 

 

 

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