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Vice President Shettima Warns: Capital Market Progress at Risk Without Judicial Reform!”
Vice President Kashim Shettima has cautioned that an inefficient and underperforming judiciary could jeopardise Nigeria’s quest to build a resilient and credible capital market capable of attracting long-term investments and catalysing economic growth.....KINDLY READ THE FULL STORY HERE▶
Delivering his remarks through his Special Adviser on Economic Affairs, Dr. Tope Fasua, at the 2025 Judges’ Workshop organised by the Securities and Exchange Commission (SEC) in Abuja, Shettima underscored the pivotal role of the judiciary in safeguarding investor trust by ensuring timely, impartial, and technically sound dispute resolutions.
Themed “Repositioning the Nigerian Capital Market for National Economic Transformation through Effective Dispute Resolution,” the workshop brought together judicial officers, regulators, lawmakers, and financial sector experts to explore the role of the judiciary in capital market development.
According to Shettima, a capital market is not merely a trading arena—it serves as a vital engine for financing infrastructure, supporting small businesses, fostering innovation, and driving national development.
He stressed that Nigeria’s capital market is especially crucial for diversifying the economy away from oil dependence, promoting indigenous industrialisation, and enhancing financial inclusion.
“For any capital market to thrive, one key element is non-negotiable: trust,” he said. “Investors—whether domestic or foreign—will only stake their funds where they are assured of security, transparency, and the protection of their rights.”
Shettima warned that judicial delays, inconsistent rulings, and limited technical knowledge could create systemic risks that repel investors. He therefore advocated for the adoption of alternative dispute resolution (ADR) mechanisms such as arbitration and mediation to ensure quicker and more context-specific resolution of financial disputes.
“While litigation remains vital, embracing ADR can ease the burden on our courts and offer flexible, effective solutions suited to the complexities of capital markets,” he noted, urging judicial officers to deliver judgments that inspire confidence in Nigeria’s investment climate.
SEC Director-General, Dr. Emomotimi Agama, described the newly enacted Investments and Securities Act 2025 as a groundbreaking reform. He said the law introduces stiffer penalties for market infractions, tighter governance standards for listed companies, and streamlined dispute resolution procedures.
“With the ISA 2025, Nigeria has laid the legal groundwork for a more transparent, efficient, and globally competitive capital market,” Agama said, adding that the workshop was part of SEC’s effort to ensure judicial stakeholders fully understand the law’s provisions.
He emphasised that judicial interpretation of the new Act will be crucial in setting legal precedents and shaping future market conduct.
The Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun—represented by Supreme Court Justice Stephen Adah—affirmed the strategic relevance of the capital market as a tool for economic empowerment. She urged the judiciary to remain adaptable as financial markets evolve, especially with the emergence of digital assets and green finance, while maintaining respect for legal precedent.
Also speaking, the Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede, revealed that the commission had prosecuted 58 unlicensed entities operating fraudulent investment schemes, with some convictions already secured.
He noted the increasing sophistication of digital asset-related crimes and urged judges to continuously update their knowledge to stay ahead.
The workshop served as a strategic forum to harmonise the efforts of the judiciary, regulators, and legislators toward reinforcing the legal backbone of Nigeria’s capital market.
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‘Kwankwaso Is More Experienced Than Peter Obi’ – Buhari’s Ex-Aide Declares.
Ahmad made the assertion in a post on his X handle, maintaining that Kwankwaso’s decision to accept the position of running mate should be seen as an act of political modesty rather than an indication that he is less qualified than Obi.....KINDLY READ THE FULL STORY HERE▶
According to the former presidential aide, the relationship between the two politicians should be viewed as one of equals rather than that of a superior and a subordinate.
“To be entirely candid, the political dynamic between Rabiu Kwankwaso and Peter Obi ought to be characterised as one of collegiality between peers, rather than a hierarchy of principal and subordinate,” he wrote.
He added, “The choice to assume a deputy role beneath Obi ought to be interpreted as a testament to political modesty.”
Making a case for Kwankwaso’s political experience, Ahmad recalled that the former Kano State governor served as Deputy Speaker of the House of Representatives before Obi became a prominent figure in national politics.
He also noted that Kwankwaso governed Kano State, which he described as Nigeria’s most populous and politically influential state, for two terms and served as a federal minister.
“If we are assessing political experience, Sen. Kwankwaso probably has a longer and more impressive political background than Peter Obi,” Ahmad stated.
In contrast, the former presidential aide argued that Obi’s major public office experience was limited to his tenure as governor of Anambra State.
“Unlike other candidates, Peter Obi was just a former governor of Anambra State,” he wrote.
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‘I Have Stopped Impregnating Women’ – 2Baba Makes Shocking Revelation.
Nigerian music star Innocent Idibia, popularly known as 2Baba, has declared that he no longer impregnates women.....KINDLY READ THE FULL STORY HERE▶
The singer made the statement on Saturday during a live performance at Rehab Lounge in Calgary, Canada.
While performing his hit song True Love, 2Baba paused to interact with the audience and playfully asked the women present to identify where his true love was.
He jokingly wondered whether she was standing at the back of the venue or somewhere in front of him before making a remark about his experiences with women.
The award-winning musician told the audience that he had stopped getting women pregnant, adding that he had been making the same confession wherever he performed recently.
He said, “For the purpose of this show, I will pretend like I’ve never seen anything before. Where’s my true love? Is she back there? Is she right here? Is she somewhere here? Where’s my true love? You people shouldn’t put out me for trouble.
“As I said, some ladies they fear to shout. See, everywhere I go these days, I make this confession. As I say, some ladies they fear to shout. I say, I don’t fear to shout. Because I don’t stop to dey give woman belle. Ask anyone, they’ll tell you, I don’t do such thing things again.”
The singer’s comment comes amid public interest in his personal life and relationships.
2Baba was previously married to Nollywood actress Annie Macaulay-Idibia. The couple announced their separation in January 2025 after having two children together.
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NPFL Cracks Down! Abia Warriors, Katsina United, Warri Wolves Hit With Sanctions.
Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.....KINDLY READ THE FULL STORY HERE▶
Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.
The Umuahia-based club was also found guilty of an attempt by one of its officials to disrupt the live broadcast of the match by harassing a crew member of the league’s broadcast partner.
As part of the disciplinary measures, Abia Warriors’ multimedia officer, Chidera Favour Igwe, has been suspended from all NPFL match activities for five matches.
Katsina United, meanwhile, were fined ₦2 million for failing to provide adequate and effective security during their home fixture against Plateau United.
The club was also sanctioned for allowing supporters to encroach onto the field of play during the encounter.
Warri Wolves Receive Heaviest Punishment
Warri Wolves have been handed the most severe sanctions following the unruly behaviour of their supporters during Sunday’s Matchday 10 clash against Kano Pillars in Ozoro.
The Seasiders were fined ₦4.2 million and docked three points and three goals from their accumulated tally. The club was also ordered to play its next three home matches behind closed doors.
According to the NPFL, Warri Wolves failed to provide adequate security at the stadium, resulting in an assault on match officials after the final whistle.
The league further disclosed that the second assistant referee sustained a nose injury and was left bleeding during the incident.
The NPFL stated that all three clubs have 48 hours from the date of notification to appeal their respective sanctions in accordance with the league’s disciplinary procedures.
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