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Editorial

Another Feather In Mary Odili’s Cap

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Justice Mary Ukaego Peter-Odili, a retired Supreme Court judge, has recently been in the news for all the
right reasons. She was confirmed as the 51st Chairperson of the Body of Benchers, succeeding Wole Olanipekun, SAN, who took office as the 50th chairman in March 2022 and became vice-chairman on March 30, 2021.
Justice Peter-Odili has an impeccable judicial record and possesses all the qualities of an excellent judge, including judicial temperament, intelligence, morals, courage, integrity, experience, and education. We congratulate her on her elevation and hope she draws strength, wisdom and experience from the Rivers State Governor, Nyesom Wike, who himself is a lifelong Bencher.
The Nigerian Body of Benchers is a professional body concerned with the admission of successful candidates at the Nigerian Law School Bar Final Examination into the legal profession. Members of the body are called Benchers. The body also regulates the call of graduates of law school to the Nigerian Bar, as well as the regulation of the legal profession in the country.
Without doubt, Peter-Odili’s appointment constitutes a perfect key to a greater development of legal jurisprudence and dispensation of justice in Nigeria. It will fetch the Body a new synergy and strengthen the principles of the legal organisation. Her contributions to Nigerian jurisprudence are so outstanding that they have continued to elicit accolades among legal practitioners.
Justice Peter-Odili’s service and the fecundity of her jurisprudential knowledge have continued to give unquantifiable boosts to the legal profession, not only in Nigeria but also across Africa. We can truly describe her emergence as putting a square peg in a square hole. It is a demonstration of true merit such that an author, Amit Kalantri, says, “It is like steel and not like cotton, that seems small from the outside but weighs heavy on the inside.”
Mary retired from the Supreme Court last year as the first woman from Rivers State to be elevated to the apex court in Nigeria. She was appointed to the court to fill the vacancy created by Justice Nikki Tobi’s retirement. In appreciation of her exemplary service, Governor Wike built a judicial training institute, saddled with the responsibility of training judges and magistrates, in her honour.
The eminent jurist is the wife of Dr Peter Odili who served as Governor of Rivers State from 1999 to 2007. While serving as the First Lady, her Non-Governmental Organisation (NGO), The Adolescent Programme (TAP), trained several youths and women in the state on various skills and provided them with starter packs to make them self-reliant and productive. She has not only proven her mettle in her chosen carrier, but she is also a quintessential wife and mother.
Given her professional orbit and all-embracing knowledge of the Nigerian judicial system, her tenure in her new-found position will be a remarkable success. Because she is a titan in the legal profession, who has contributed to the ideological conduct of legal professionals through great works, enviable comportment and unbending principles, the Body of Benchers cannot be in better hands.
Beyond her appointment as chairperson of the organisation, she must start strongly, particularly as her tenure will last for only a year. We urge her not to lose sight of the unpleasant happenings bedevilling the legal job. The profession is under attack and aggression. Members of the Body of Benchers must join hands with her to identify and address the myriad of challenges facing the Nigerian legal occupation currently.
The vulnerabilities that have been noticed and exposed in the legal carrier are disturbing. Peter-Odili’s appointment provides the opportunity for deep introspection and self-assessment. The Benchers must make efforts to ensure that the practice of the legal occupation and the courts always measure up to the moral, ethical and statutory standards they subscribe to.
Legal education is crucial; any neglect would amount to a fatal consequence in the entire process of justice adjudication. However, the state of legal education in Nigeria is regrettable. It is far from the international standard. This is taking its toll on the entire system of justice administration at every step of our journey as a nation. The development has always been reflected in the quality of lawyers in our nation.
Consequently, the Body must take tough steps and end poor funding of legal education. Successive governments are guilty of this. This case of clear neglect on the side of the government has kept legal education in stagnation for years. Shamefully, no faculty of law in Nigeria has modern facilities to train a 21st-century lawyer. The traditional method of bombarding students with notes and handouts is still in place, slowing the pace of learning.
Also, the proliferation of law faculties is another factor militating against legal education in Nigeria. The more law faculties we have, the more substandard. In 1962, there were four faculties of law in the country and one Nigerian law school located in Lagos. Today, over fifty law faculties exist in federal, state, and private universities. This results in a monumental disproportionate student–lecturer ratio.
Likewise, the law school curriculum remains the same. This hinders innovation that could have repositioned legal research and the industry as a whole. The obsolete programmes offered by the various law schools in Nigeria also persist and largely unimproved, thus leaving students in an uncongenial academic predicament.
Indeed, the challenges facing legal education and the legal profession in the country are considerable. Justice Peter-Odili and her team of Benchers must pull out all the stops to salvage a dangerous situation. Where necessary, pressure should be brought to bear on relevant stakeholders and the government to prevent our “legal ship” from sinking entirely.

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Editorial

CBN And Nigeria’s Cash Crunch

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Nigerians have, again, been thrust into desperation as they grapple with cash shortage that has cast a dark shadow over their daily lives. Months after the Supreme Court’s ruling permitting the coexistence of the old and new naira notes, the crisis persists, leaving countless individuals struggling to secure basic necessities.
The scarcity of naira notes has partially crippled commerce throughout the country, especially in the informal sector. Businesses are incapacitated, unable to complete transactions efficiently, resulting in a slowdown of economic activities. Some people are left in dire straits, desperate for cash to meet essential expenses such as food, transportation, and healthcare, among others.
The cash crisis has created a fertile ground for unscrupulous elements and businesses to engage in predatory tactics. Retailers are exploiting the despair of consumers by overcharging for goods, while others hoard cash to sell at inflated prices. This rampant profiteering has further burdened the already strained financial resources of many Nigerians.
It is deeply concerning that while the citizens are still contending with the fallout of a failed disastrous currency redesign policy last year, the Central Bank of Nigeria (CBN) has initiated another misguided scheme that has exacerbated the scarcity of the legal tender. This ill-conceived move is implemented at a time when Nigerians are already struggling with inflation, rising unemployment, and declining living standards. The CBN’s actions have only served to compound their plight.
The timing of the plan is particularly cruel and demonstrates a fundamental lack of consideration for the well-being of ordinary Nigerians. The Central Bank has failed to adequately assess the severe consequences of its policies on the lives of citizens, who are now compelled to endure an atmosphere of uncertainty and hardship.
Despite the apex bank’s assurances of sufficient naira notes in circulation, the cash dilemma continues to torment Nigerians. The situation has worsened following introduction of withdrawal limits by the nation’s financial authorities, leading to an increased reliance on Point-of-Sale (POS) terminals. However, this dependence has come at a steep cost.
POS service providers have taken undue advantage of the shortage by imposing exorbitant charges, further burdening consumers. The surge in charges has negated the convenience of POS transactions, driving up the overall cost of obtaining cash. The CBN’s claims of adequate cash supply ring hollow in light of the predatory practices of POS operators.
Currently, naira scarcity has gripped major cities across the country, with Automated Teller Machines (ATMs) running dry and commercial banks introducing withdrawal limits. Consequently, POS operators have compassed the moment to exploit the situation. Investigations have revealed that some bank officials who own POS businesses, channel cash meant for the public to these outfits. This is economic sabotage. These unpatriotic Nigerians must be identified and punished appropriately.
The Acting Director of Corporate Communications at the CBN, Mrs Hakama Sidi Ali, has acknowledged that there has been a rise in the amount of money in circulation. However, she claims that the scarcity of cash is due to individuals hoarding it. This explanation contradicts the actual situation on the ground, as numerous banks have been unable to fulfil the daily requests for cash withdrawals.
This is why it is required for the Federal Government to promptly intervene and resolve the difference between what the Central Bank asserts and the actual availability of cash. They should contemplate raising the limits for cash withdrawals, improving access to banking services in areas that lack sufficient coverage, and partnering with mobile money platforms to offer alternative payment options.
To restore confidence in the banking system and help Nigerians affected by the current liquidity crisis, it is necessary to make coordinated attempts to increase the amount of cash in circulation. This can be achieved by taking strict actions against unfair point of sale charges and implementing measures to safeguard consumers from excessive profit-making. The Central Bank can address the liquidity crisis by implementing these steps, and provide relief to the suffering population.
While we promote alternative modes of payment, including electronic channels, to reduce pressure on cash, the authorities must recognise that resolving the cash crunch is not merely an economic issue. It is a matter of social justice. Every Nigerian deserves easy access to their hard-earned money without being subjected to inordinate drudgery. The government has a moral responsibility to address this crisis swiftly and effectively to restore financial stability and ensure the well-being of all its citizens.

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Editorial

Lessons From UK Polls

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The United Kingdom’s general election of July 4 marks a turning point in the nation’s political land-
scape. It highlights the resilience of its democratic traditions. The peaceful transition of power from Rishi Sunak to Keir Starmer reflects the strength of Britain’s political institutions and the electorate’s ability to effect change.
Moreover, the landslide victory of the Labour Party signifies a potential shift in the country’s ideological trajectory, prompting a reevaluation of its political, economic, and social future. As the nation navigates this pivotal moment, the smoothness of this transition serves as a testament to the stability and adaptability of Britain’s democratic infrastructure.
One of the most striking aspects of the new cabinet is the representation of women, with 11 out of 19 cabinet members being female. This stands in contrast to the situation in Nigeria, where women are severely underrepresented in government, particularly in the Northern states where female participation in politics is almost non-existent. The success of these women in the British political arena serves as a quintessential example for Nigeria, where patriarchy still holds sway and gender equality in politics remains a distant dream.
Eight Nigerian-Britons emerged victorious in the parliamentary elections, garnering adulation from Nigerians both at home and abroad. Their success highlights the importance of merit-based selection in politics, as each Member of Parliament (MP) won their seat on the basis of their personal qualifications and achievements. Unlike in Nigeria, where political appointments are often influenced by money, party leaders, and other extraneous factors, the British system values the power of the voter and respects the rights of every citizen to participate in the democratic process.
The diverse backgrounds and professional expertise of the Nigerian-British MPs further underscore the importance of competence and performance in politics. These individuals, ranging from engineers to lawyers, have earned their seats through hard work and dedication, rather than through political connections or nepotism. Their success should serve as a wake-up call to the Nigerian political system, where the average age of politicians is over 60 and where professional qualifications are often overshadowed by tribal and religious affiliations.
A veteran politician and one of the leading Nigerian-British MPs, Kemi Badenoch, exemplifies the success that can be achieved through hard work and dedication. Despite the challenges faced by her party in the recent election, Badenoch was re-elected on the basis of her qualifications and track record in office. Her appointment as Secretary of State for the Department for Business and Trade is a testament to her capabilities and leadership skills.
The current political climate in Nigeria stands in sharp contrast to the achievements of Nigerian-British professionals in the political sphere. Through their perseverance, commitment, and professional knowledge, Taiwo Owatemi, Chi Onwurah, Kate Osamor, Bayo Alaba, Josh Babarinde, Florence Eshalomi, Helen Grant, and Kemi Badenoch have all been elected to the legislature. This is in contradistinction to the state of affairs in Nigeria, where many politicians are viewed as “professional politicians” who lack distinguishable credentials or sources of income.
Nigeria’s electoral system is radically different from that of Britain, where candidates accept the results of the poll without filing lawsuits. Britain’s electoral procedure is also transparent and effective. But in Nigeria, courts are routinely called upon to resolve electoral disputes since elections are frequently tainted by violence, corruption, and legal problems. Nigeria’s electoral process is not credible due to the absence of intra-party democracy and the involvement of cronies and godfathers.
While the political achievements of the elected Nigerians are commendable, they also serve as a sobering reminder of the weaknesses in our democratic system. After all, competence and performance ought to be the main determinants of electoral success, not religious and tribal affinities as they frequently are in Nigeria. The achievements of these Nigerian-Britons should compel a reassessment of Nigeria’s political environment, highlighting the necessity of a more efficient and responsible democratic system.
Unfortunately, the high rate of litigation in Nigeria’s elections threatens the country’s democratic process, creating tension and uncertainty from pre-election disputes to post-election challenges. This undermines voter choices and trust in the electoral system, raising concerns about the judiciary’s independence. Electoral reforms promoting transparency, accountability, and timely dispute resolution outside the courts are needed to strengthen democracy in Nigeria.
Our nation’s democracy is at a critical point and must evolve to survive. We need to shift away from costly campaigns and prioritise electoral integrity by safeguarding voter rights and promoting transparency. By addressing key national issues, Nigerian politics can become more sustainable and effective. These reforms are essential for our nation to progress towards a more inclusive and representative government.
Nigeria and other countries grappling with democratic government ought to take note of the Nigerian-British MPs’ accomplishments. Political leaders must be held responsible for their acts, and citizenship entails both rights and obligations. To be a really democratic society, where the power of the vote is honoured and protected, a society should be based on competence, performance, and transparency. Then and only then, regardless of origin or background, can we aspire to create a brighter future for every citizen.

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Editorial

CBN And Nigeria’s Cash Crunch

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Nigerians have, again, been thrust into desperation as they grapple with cash shortage that has cast a dark shadow over their daily lives. Months after the Supreme Court’s ruling permitting the coexistence of the old and new naira notes, the crisis persists, leaving countless individuals struggling to secure basic necessities.
The scarcity of naira notes has partially crippled commerce throughout the country, especially in the informal sector. Businesses are incapacitated, unable to complete transactions efficiently, resulting in a slowdown of economic activities. Some people are left in dire straits, desperate for cash to meet essential expenses such as food, transportation, and healthcare, among others.
The cash crisis has created a fertile ground for unscrupulous elements and businesses to engage in predatory tactics. Retailers are exploiting the despair of consumers by overcharging for goods, while others hoard cash to sell at inflated prices. This rampant profiteering has further burdened the already strained financial resources of many Nigerians.
It is deeply concerning that while the citizens are still contending with the fallout of a failed disastrous currency redesign policy last year, the Central Bank of Nigeria (CBN) has initiated another misguided scheme that has exacerbated the scarcity of the legal tender. This ill-conceived move is implemented at a time when Nigerians are already struggling with inflation, rising unemployment, and declining living standards. The CBN’s actions have only served to compound their plight.
The timing of the plan is particularly cruel and demonstrates a fundamental lack of consideration for the well-being of ordinary Nigerians. The Central Bank has failed to adequately assess the severe consequences of its policies on the lives of citizens, who are now compelled to endure an atmosphere of uncertainty and hardship.
Despite the apex bank’s assurances of sufficient naira notes in circulation, the cash dilemma continues to torment Nigerians. The situation has worsened following introduction of withdrawal limits by the nation’s financial authorities, leading to an increased reliance on Point-of-Sale (POS) terminals. However, this dependence has come at a steep cost.
POS service providers have taken undue advantage of the shortage by imposing exorbitant charges, further burdening consumers. The surge in charges has negated the convenience of POS transactions, driving up the overall cost of obtaining cash. The CBN’s claims of adequate cash supply ring hollow in light of the predatory practices of POS operators.
Currently, naira scarcity has gripped major cities across the country, with Automated Teller Machines (ATMs) running dry and commercial banks introducing withdrawal limits. Consequently, POS operators have compassed the moment to exploit the situation. Investigations have revealed that some bank officials who own POS businesses, channel cash meant for the public to these outfits. This is economic sabotage. These unpatriotic Nigerians must be identified and punished appropriately.
The Acting Director of Corporate Communications at the CBN, Mrs Hakama Sidi Ali, has acknowledged that there has been a rise in the amount of money in circulation. However, she claims that the scarcity of cash is due to individuals hoarding it. This explanation contradicts the actual situation on the ground, as numerous banks have been unable to fulfil the daily requests for cash withdrawals.
This is why it is required for the Federal Government to promptly intervene and resolve the difference between what the Central Bank asserts and the actual availability of cash. They should contemplate raising the limits for cash withdrawals, improving access to banking services in areas that lack sufficient coverage, and partnering with mobile money platforms to offer alternative payment options.
To restore confidence in the banking system and help Nigerians affected by the current liquidity crisis, it is necessary to make coordinated attempts to increase the amount of cash in circulation. This can be achieved by taking strict actions against unfair point of sale charges and implementing measures to safeguard consumers from excessive profit-making. The Central Bank can address the liquidity crisis by implementing these steps, and provide relief to the suffering population.
While we promote alternative modes of payment, including electronic channels, to reduce pressure on cash, the authorities must recognise that resolving the cash crunch is not merely an economic issue. It is a matter of social justice. Every Nigerian deserves easy access to their hard-earned money without being subjected to inordinate drudgery. The government has a moral responsibility to address this crisis swiftly and effectively to restore financial stability and ensure the well-being of all its citizens.

Continue Reading

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