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Capital Market

Aluko & Oyebode Law hosts Capital Market roundtable

Nigeria’s largest commercial law firm, Aluko & Oyebode has  hosted a Capital Market roundtable discussion, themed: “Engendering an Effective Regulatory Landscape for Competition Law in Nigeria – Promoting a Fairer Market,” with 50 stakeholders in the Nigerian capital market in attendance, while  Mr. Oscar Onyema, CEO, Nigerian Stock Exchange, NSE, was keynote speaker. Ms. Olubunmi Fayokun, Senior Partner and Head of the Capital Market Practice, Aluko & Oyebode, said the objective of the roundtable  was to discuss frontline issues and to identify challenges relating to the administration of competition law in Nigeria and more specifically, the implementation of the recently enacted Federal Competition and Consumer Protection Act, 2019.

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Order proscribing Shi’ites group didn’t meet minimum standard for fair hearing

On July 26, 2019, a Federal High Court presided over by Justice Nkeonye Maha made an order pursuant to an application brought by the Federal Government where she “designated the activities of the Shiite organisation in any part of Nigeria “as acts of terrorism and illegality” and made an order proscribing the existence and activities of the [Islamic Movement in Nigeria] in any part of Nigeria under any guise either in groups or as individuals.”

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Reviewed confab reports can produce peoples constitution — Obayuwana

Mr. Osagie Obayuwana is an activist and former Attorney General and Commissioner for Justice, Edo State. He was also a former National Chairman of the National Conscience Party, NCP. In this interview, he spoke on the need to review past conference reports to produce a peoples constitution, decentralisation of the police command, among other national issues.

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Shi’ites, Shiite, proscription

Knocks for FG over proscription of Shi’ites

In search of a legal solution to the perceived danger posed by members of Shi’ites Islamic Movement of Nigeria, IMN, the Federal Government last week secured an exparte order from a Federal High Court in Abuja proscribing the group. Before then, government had unsuccessfully used various means to curtail the activities of the group which main demand is the release of their detained leader, Ibrahim ElZakzaky and his wife. Since Federal Government secured the order declaring the group an illegal organisation, there has however, been an unusual consensus in the legal community that the order is legal and a nullity.

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