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The Central Bank of Nigeria (CBN) has approved new license

CBN SETS N1M AS APPLICATION FEE FOR PAYMENT SERVICE HOLDING COMPANY LICENCE

By: Nneka Oduada Eze Esq.

The Central Bank of Nigeria (CBN) has approved new license categorizations for participants in the payments system. CBN in its circular released its guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. The guideline is expected to facilitate the regulatory requirement for the operations of a PSHC in the country.  The regulation requires companies that wish to operate more than one license category (within the Mobile Money Operations, Switching and Processing, Payment Solution Services ) to set up a Payments Service Holding Company (PSHC), while clearly separating the activities of the subsidiaries.

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STOP GENDER-BASED-VIOLENCE

NO, MEANS NO: FG TO PROSECUTE RAPE, GENDER-BASED VIOLENCE OFFENDERS

By: Nneka Oduada Eze Esq.

As a direct consequence of the increasing report of rape from all angles of the country, the federal government has vowed to deal decisively with the perpetrators of this offence and other gender-based violence in the country. The Vice President of Nigeria, through his representative, Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, made this known in Abuja at the official launch of USAID’s Momentum Country and Global Leadership.

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A CALL BY THE CHIEF JUSTICE OF NIGERIA, JUSTICE IBRAHIM T. MUHAMMAD

THE NEED TO CONCEAL COURT JUDGEMENTS: A CALL BY THE CHIEF JUSTICE OF NIGERIA, JUSTICE IBRAHIM T. MUHAMMAD

By: Ronaldson Diete-Spiff, Esq

On August 3, 2021, the Chief Justice of Nigeria in a keynote in Workshop for Judicial Workers, titled “Promoting Discipline and Commitment among Court Employees”, warned judicial staff to cease from disseminating court judgments for financial benefits. This call was made same period where the  Head of Civil Service of the Federation, Dr. Folashade Yemi-Esan, in a circular HCSF/3065/VOL.1/94, sternly cautioned civil servant against unapproved dissemination of confidential/official documents over media space.

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THE EFFECT OF THE NATIONAL VEHICLE REGISTRATION ON INSECURITY AND REVENUE GENERATION

By: Ronaldson Diete-Spiff, Esq

The Federal Government of Nigeria in a bid to eliminate the insecurity issues in the country has established the National Vehicle Registry (also known as VREG) in line with the Strategic Revenue Growth initiative. This will generate income for the country and fight against insecurity. This call was made by Mrs. Zainab Ahmed, Minister of Finance, Budget and National Planning at a seminar held at Grand Central Hotel, Kano wherein the ministry is burdened with the control of the nation’s finances and revenue streams.

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A CALL ON THE GOVERNMENT TO SANCTION ERRING OFFICERS

THE DISEMMINATION OF OFFICIAL DOCUMENTS TO THE MEDIA SPACE: A CALL ON THE GOVERNMENT TO SANCTION ERRING OFFICERS

By: Ronaldson Diete-Spiff, Esq

The Head of the Civil Service of the Federation Dr. Folashade Yemi-Esan on August 2, 2021 had issued a circular, HCSF/3065/VOL.1/94 titled “Unauthorized circulation of official documents/information on social media”. This came because of the continuous unapproved dissemination of confidential/official documents over the media space. The Circular was made available to the three arms of Government, the Executive, Legislative and Judiciary. Inclusive to this list were the Chief of Staff to the president, Secretary to the Government of the Federation, Permanent Secretaries, Service Chiefs, Economic and Financial Crimes Commission, National Drug Law Enforcement Agency, Independent Corrupt Practices Commission amongst others.

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