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Showing posts from March, 2014

NJC Suspends Rivers Chief Judge

The last appeared not to have been heard about the lingering crisis in Rivers state judiciary where Governor Rotimi Amechi is locked in a battle of wits with the National Judicial Council, NJC, over the appointment of a substantive Chief Judge for the state judiciary. The governor had on the 18th March sworn in Justice P. N. C Agumagu as the substantive Chief Judge of the state but without the recommendation of the NJC, which is a constitutional requirement for such appointment. At an emergency meeting of the Council at Abuja on Wednesday, the NJC in the course of deliberations on the Rivers state matter noted that section 271 (1) of the Constitution provides that appointment of a person to the Office of the Chief Judge of a State shall be made by the Governor of the State on the recommendation of the National Judicial Council, subject to the confirmation of the appointment by the House of Assembly of the State and observed that the National Judicial Council did not at any time mak...

Court Restrains EFCC, Police, Others From Arresing Sacked Judge

Nnamdi Felix / Abuja Embattled former Federal High Court judge who was recently sacked by the National Judicial Council, NJC, on Tuesday approached a court a Federal High Court siting in Abuja seeking for an order to restrain the Economic and Financial Crimes Commission, EFCC, the Independent Corrupt Practices and other related offences Commission, ICPC, the Director State Security Service, SSS, the Inspector General of Police, IGP and the Code of Conduct Bureau, CCB and others from inviting her, interrogating, harassing, arresting and detaining her pending the determination of the suit she instituted challenging her forceful retirement from service. The NJC had on 26th February, 2014, announced Justice Olotu's compulsory retirement from office for gross misconduct alongside an Abuja High Court judge, Justice U. A Inyang. According to a Press Statement issued by Mr. Soji Oye, the Acting Director of Information at the NJC, Justice Gladys Olotu was recommended for compulso...

Aggrieved Stakeholders Sue Sanusi Over Sale Of Intercontinental Bank

Aggrieved former shareholders of the defunct Intercontinental Bank Plc led by Abdullahi Sani, Adaeze Onwuegbusi and Chijioke Ezeikpe, has dragged the suspended Governor of the Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi, before a Federal High Court siting in Abuja over the sale of the bank to Access Bank Plc. Sued alongside Sanusi are the Security and Exchange Commission, SEC, and the Central Bank of Nigeria, CBN. The shareholders want the court  to compel, direct and mandate the SEC, as the official and apex regulator of the Nigerian Capital Market acting under her powers pursuant to Section 13 of the Investments and Securities Act 2007, to conduct a detailed public investigation into the circumstances relating to and connected with the sale/acquisition/take over/ transfer of the shares, assets and securities of Intercontinental Bank Plc to Access Bank Plc, in order to protect shareholders and investors of Intercontinental Bank Plc and the maintain a fair and...