Writer Archives: Super Admin

By: Emmanuel Adefeso (Esq.)

The Economic and Financial Crimes Commission (EFCC) on Wednesday the 14^th day of July, 2021 launched a computer application known as “Eagle Eye”, to ease the reporting of economic and financial crimes to the commission. Speaking at the launch in Abuja, the Chairman of the Commission, Mr Abdulrasheed Bawa, stated as follows: “the application was designed to complement existing channels of reporting crimes. A unique advantage of the application was the elimination of direct person-to-person interface in the reporting process, thereby guaranteeing anonymity and an added incentive for effective whistle blowing. For us at the EFCC, this event is unique in several ways. It’s the first of its kind by any law enforcement agency in the country. Secondly, it’s the product of ingenuity by a staff of the commission, being an application that was initiated, designed and developed by the EFCC. Thirdly, it’s a clear demonstration of my pledge, on the assumption of office, to run an agency that’s technologically driven”.

By: Emmanuel Adefeso (Esq.)

The Corporate Affairs Commission (CAC) has announced the launch of its Support Centre for the tracking of complaints of its esteemed customers.

According to the official statement issued by the Commission which reads as follows; “In order to serve you better, CAC utilizes a support ticketing system. Every support request is assigned a unique ticket number which an individual can use to track the progress and resolution of the complaint online”.  

The Court of Appeal in Appeal No: CA/L/174/19 – FEDERAL REPUBLIC OF NIGERIA v. CHIEF MIKE OZEKHOME (SAN) settled the debate on whether legal fees are proceeds of unlawful activity.

FACTS

The facts of the case stemmed from an arms deal procurement by the Federal Government. There were allegations of embezzlement of the arms deal money leading to an investigation by the Economic and Financial Crimes Commission (hereinafter simply referred to as (“EFCC”).  In the course of investigation, EFCC approached the Lagos division of the Federal High Court presided by Hon Justice M.B Idris (as He then was) and obtained an interim order to freeze some bank accounts linked to Governor Ayodele Fayose, the former Governor of Ekiti State. Fayose subsequently approached the Ado Ekiti division of the same court presided by Hon. Justice Taiwo Taiwo and obtained judgment setting aside the earlier order of Idris J.

After years of protracted disputes over interpretation of the fiscal terms of the production-sharing contracts, the Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE) – have executed agreements to renew Oil Mining Lease (OML) 118, the first deep-water block developed in Nigeria, for another 20 years.

By: Emmanuel Adefeso (Esq.)

The Lagos State Governor, Mr. Babajide Sanwo-Olu and the Ogun State Governor, Prince Dapo Abiodun, on Monday 24^th day of May, 2021 signed a Memorandum of Understanding (Mou), establishing the Lagos-Ogun Joint Development Commission for the socio-economic development of both states.

The Commission, according to the two governors is a common alliance between the two states to jointly tackle issues bordering on security, sanitation, traffic and transportation, waste management, water supply, land use planning, infrastructure development and maintenance, urban renewal, and slum upgrading, among others.