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Breaking News | Lagos begins review of Obas, Chiefs Law - Vimarsana News

Breaking News | Lagos begins review of Obas, Chiefs Law

 Robert Egbe THE Lagos State Ministry of Justice (MoJ) has begun a stakeholders’ meeting on the Review of the Obas and Chiefs of Lagos State Law, 2015. The meeting, organised by the MoJ’s Directorate of Legislative Drafting, is seeking to update the law to make it responsive to current realities. Director, Legislative Drafting, Mrs Aderinsola Olarenwaju, harped on the importance of the review. “The present legislation is a good law, it’s been in existence since since 1957,” Olarenwaju said, adding that there is a need to “look into it, identify the lacuna and change things not in...

Breaking News | $85.8m 'debt': Court declines Seplat's bid to access property - Vimarsana News

Breaking News | $85.8m 'debt': Court declines Seplat's bid to access property

Robert Egbe THE Federal High Court in Lagos on Monday refused an oral application by an oil firm, Seplat Petroleum Development Company, for access to its accounts and offices which were shut following a court order. Justice Rilwan Aikawa declined the prayer following opposition to the application by Access Bank through its counsel, Mr Kunle Ogunba (SAN). Access Bank, the plaintiff/respondent in the suit, secured the ex-parte mareva injunction from the court to shut Seplat’s premises and freeze its accounts in Nigeria and abroad, following an outstanding loan of about $85.8million. Justice A...