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Law Reporters Top 10 Headlines Monday, Oct 26th, 2020

Must read

Court temporarily halts re-trial of Orji Uzor Kalu over alleged N17.1bn fraud

A Federal High Court in Abuja has ordered the re-arraignment of former Abia State Governor, Orji Uzor Kalu in an alleged N7.1bn money-laundering charges...

Ayade swears in Justice Akon Ikpeme as Cross River Chief Judge

Twice rejected by the State House of Assembly for being a security threat Justice Akon Bassey Ikpeme was on Monday sworn-in by Cross River...

Court orders forfeiture of Yari’s N284m to FG

A Federal High Court in Abuja on Tuesday ordered a final forfeiture of about N284, 306, 294.04 linked to a former governor of Zamfara,...

Court reverses dismissal of 3 police officers, orders recall

Justice Elizabeth Oji of the Lagos Judicial division of the National Industrial Court has nullified the purported dismissal of Mufutau Olaosun, Temitope Adebayo, and...

Welcome to Law Reporters roundup of the top 10 headlines for today Monday, October 26th, 2020


1. CBN Deducts N917.5bn From Customers’ Accounts Across Nigerian Banks
According to CBN regulation, in line with the CRR, Nigerian banks are expected to leave 27.5% of customers’ money for the Godwin Emefiele-led bank to deduct.

CBN Deducts N917.5bn From Customers’ Accounts Across Nigerian Banks

2. SERAP recommends ICPC probe COVID-19 palliatives hoarding in Lagos, others
SERAP asked the agency to ensure prompt and effective prosecution of anyone suspected to be responsible for hoarding and diversion palliatives that were meant to cushion COVID-19 impacts the citiens their incomes.

SERAP recommends ICPC probe COVID-19 palliatives hoarding in Lagos, others

3. Guinea Insurance Releases Earnings For Q3 2020
Law Reporters gathered from the statement that Guinea Insurance’s gross premium written stood at NGN795.77 million, for the year ended September 30, 2020, failing to surpass the NGN1.02 billion reported for the corresponding period of 2019.

Guinea Insurance Releases Earnings For Q3 2020

4. ENDSARS: Access Bank To Giv SMEs N50bn Interest-free Loan
Access Bank said the fund will be disbursed to assist communities, small and medium-sized businesses, stating that it can’t simply stand by and send messages of solidarity, while continuing ‘business as usual’ without getting the bank’s customers and communities back on-track.

ENDSARS: Access Bank To Give SMEs N50bn Interest-free Loan

5. Airtel Africa Surviving On Nigerian Subscribers As Revenue Grows By 10.7%
Law Reporters gathered that Airtel Africa, the parent company of Airtel Nigeria, secured 20.2% revenue growth in Nigeria, placing the country as its highest market in sub-Saharan Africa. Airtel Africa has over 39.79 million voice subscribers and data subscriber base of over 54.76 million in Nigeria

Airtel Africa Surviving On Nigerian Subscribers As Revenue Grows By 10.7%

6. Lafarge Africa Releases Q3 2020 Financials
Lafarge Africa’s revenue or profit was not dragged down by the rise in the cost of production, which hit NGN45.53 billion in Q3 this year, surpassing the NGN33.03 billion reported in the corresponding period of this year’s third quarter.

Lafarge Africa Releases Q3 2020 Financials

7. South West Govs, Ministers pay condolence visit to Sanwo-Olu
South West Governors, accompanied by three Ministers, on Sunday paid a condolence visit to Lagos Governor Babajide Sanwo-Olu on the looting and arsons of public properties and institutions last week by suspected hoodlums.

JUST IN: South West Govs, Ministers pay condolence visit to Sanwo-Olu

8. Don’t Incite Ethnic Crisis, Ogun Govt Warns Groupss

Don’t Incite Ethnic Crisis, Ogun Govt Warns Groups

9. ENDSARS: Lagos State Creates Recovery Fund For Small Businesses Destroyed By Thugs
The recovery fund is supported by the Lagos State Employment Trust Fund (LSETF). To apply for the fund, click this link

ENDSARS: Lagos State Creates Recovery Fund For Small Businesses Destroyed By Thugs

10. Job Creation, Economic Growth Critical To Checking Youth Restiveness, Ex-Leaders Tell Buhari
The generation of employment and economic growth, including through direct foreign investments are critical to checking youth restiveness in the country.

Job Creation, Economic Growth Critical To Checking Youth Restiveness, Ex-Leaders Tell Buhari

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Court temporarily halts re-trial of Orji Uzor Kalu over alleged N17.1bn fraud

A Federal High Court in Abuja has ordered the re-arraignment of former Abia State Governor, Orji Uzor Kalu in an alleged N7.1bn money-laundering charges...

Ayade swears in Justice Akon Ikpeme as Cross River Chief Judge

Twice rejected by the State House of Assembly for being a security threat Justice Akon Bassey Ikpeme was on Monday sworn-in by Cross River...

Court orders forfeiture of Yari’s N284m to FG

A Federal High Court in Abuja on Tuesday ordered a final forfeiture of about N284, 306, 294.04 linked to a former governor of Zamfara,...

Court reverses dismissal of 3 police officers, orders recall

Justice Elizabeth Oji of the Lagos Judicial division of the National Industrial Court has nullified the purported dismissal of Mufutau Olaosun, Temitope Adebayo, and...

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An Ikeja High Court on Wednesday acquitted a lawyer, Yetunde Sousa, accused of stealing N50.2Million from Dominos Stores and Ozone Cinemas. Delivering judgment, Justice Raliat...