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Polaris Bank CEO Solona Advocates legal reforms for economic growth at NBA Summit
Photo caption:Polaris Bank CEO, Adekunle Sonola (right) with the Chairman of the NBA Lagos Dinner Committee, Adeleke Alex-Adedipe during the branch Annual Law Dinner event which held in Lagos at the weekend.
Polaris Bank’s CEO, Adekunle Sonola, has urged Nigerian government to prioritize legal policy and reforms for sustained economic growth.
Sonola made the call in a presentation he delivered at the Annual Law Dinner of the Nigerian Bar Association (NBA), Lagos branch which held at the weekend in Lagos themed: “Favourable Investment and Business Environment Through Legal Policy & Reforms”.
The summit, a pivotal gathering for industry leaders, legal luminaries and High Networth Individuals (HNIs), provided a platform for the CEO to underscore the critical role of legal frameworks in shaping a conducive environment for investments and business development.
Emphasizing the need for legal reforms in his address, Sonola highlighted the escalating challenges faced by businesses in the ever-evolving national and global landscape. He reiterated the indispensable need for comprehensive legal reforms to align with the demands of modern business operations.
Sharing insights on the current business environment, the Polaris Bank CEO, delved into the prevailing challenges within the investment and business climate such a; high high-interest rates, security concerns, and infrastructure deficits. He explained the nexus between legal activities and the day-to-day operations of businesses, highlighting the profound impact on overall competitiveness.
Sonola outlined several key challenges within the legal system, including; prolonged dispute resolution times, a backlog of cases, and manual court processes. His presentation articulated concerns about inadequate remuneration for Judges, obstacles in the administration of laws, and the imperatives for improved law enforcement.
Sonola put forth a series of recommendations for comprehensive legal policy and reforms. These recommendations include; a thorough review of laws governing business ownership; streamlined taxation processes, and improved immigration procedures. The Banker emphasized the need for social embeddedness, increased accessibility, and the incorporation of automation to modernize the legal framework.
In projecting into the future, the Polaris Bank CEO underscored the perpetual need for legal reforms, while emphasizing their role in aligning with the dynamic economic and social landscape. He concluded with a positive outlook, noting that effective legal frameworks are pivotal for business growth, attracting investments, and fostering overall economic well-being of Nigeria
Earlier in his welcome address, Chairman of Lagos NBA, and the Chief Host of the Annual Law Dinner, Olabisi Makanjuola while commending members of the branch for the immense support his administration has received in the last 6 months described the session as not “a mere gathering but a tradition” woven into the fabric of fostering goodwill between the Bar and the Bench. Continuing, he reiterated that “our tradition of inviting members of the Bench to our dinners, is a testament to our belief that when lawyers and Judges share moments of conviviality, it bridges the widening gap between us in real-time.
He expressed appreciation to Polaris Bank CEO, Adekunle Sonola for graciously accepting to deliver the Annual Dinner lecture and also had kind words for sponsors of the event.
On his own, the Chairman of the NBA Lagos Dinner Committee, Adeleke Alex-Adedipe appreciated stakeholders of Lagos NBA for their immense support which made the Annual Law Dinner, a reality and commended members of the Committee for their dedication and sacrifice that delivered a well-organized dinner.
Highlight of the Annual Law Dinner saw the presentation of certificates of recognition to distinguished members of top law firms and current and retired Jurists considered a noteworthy gesture, that was warmly acknowledged by those present.
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Northern Group shoves Atiku over attack on Goodluck Jonathan
By Bonaventure Phillips Melah
Arewa Mandate for Unity and National Rebirth (AMUNR), has criticized former vice president, Atiku Abubakar for his recent attack on former President Goodluck Jonathan.
Atiku, the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general election, had on Wednesday described Jonathan’s presidency as a ‘product of inexperience, among other unsavoury remarks.
But reacting to the development on Thursday, AMUNR, through a statement signed by Danladi Luka Ishiaku and Basiru Usman Wakili, National Coordinator and National Secretary respectively, urged Atiku to pursue his presidential ambition without looking for who to blame for his years of political misfortune.
AMUNR said contrary to Atiku’s wrong narrative, Dr. Goodluck Jonathan served Nigeria for 16 uninterrupted years from deputy governor to governor, vice president to acting president and president of the country for five years, adding that he was much more prepared to serve Nigeria at the highest level, with achievements that are yet to be equalled by any Nigerian leader in history.
The group said Atiku has failed to achieve his presidential ambition, partly due to what it described as desperation and impatience which it said was responsible for his movement from PDP to three different parties and back to PDP and now to ADC, saying Atiku would have served as president under the PDP of he had allowed Jonathan to complete his terms without disrupting the system.
It therefore advised the former vice president to blame himself and not Jonathan for his political woes.
AMUNR said- “Our attention has been drawn to the now familiar comments by former Vice-President Atiku Abubakar, who has chosen to substitute revisionism for reality by branding Dr. Goodluck Jonathan’s presidency as a product of “inexperience.” This claim is not just wrong; it is mischievous.
“Dr. Jonathan rose through every constitutional rung of leadership—Deputy Governor, Governor, Vice-President, and Acting President during the national uncertainty that followed the illness of Umaru Musa Yar’Adua. To dismiss that trajectory as “inexperience” is either a willful distortion of facts or a troubling misunderstanding of governance itself.
“But perhaps the more pressing question is this: from what vantage point is this judgment being made?
“Here is a man who has spent decades in perpetual pursuit of the presidency contesting, recalibrating, and returning, yet has never once borne the full weight of that office. It is, therefore, remarkable that someone whose “experience” is defined largely by ambition now seeks to diminish the record of someone whose experience was tested in office, under pressure, and in history’s full glare.
“Under Dr. Jonathan, Nigeria did not drift, it advanced. The economy was rebased, emerging as Africa’s largest. The power sector was unbundled after years of entrenched dysfunction. Agricultural corruption networks were dismantled. Rail and road infrastructure, long abandoned, were revived. These are not opinions; they are verifiable milestones.
“And then came the defining moment: when faced with the choice between personal power and national peace, Dr. Jonathan chose Nigeria. His peaceful concession in 2015 remains one of the most consequential acts of democratic leadership on the continent, an act that secured stability and earned global respect.
“That is what real leadership looks like.
“To now hear that legacy casually reduced to “inexperience” is not merely ironic, it is an attempt to gaslight a nation that lived through, and benefited from, those years.
“Nigerians remember. They remember results. They remember restraint. And they certainly remember who governed, and who merely aspired to.
“If experience is the argument, then the distinction is clear: one man has a record that can be scrutinized; the other has a résumé of repeated attempts.
“Dr. Jonathan’s legacy is not up for casual dismissal. It is written in policy, in progress, and in the democratic stability Nigeria still enjoys today.
“No amount of political revisionism can undo that record,” AMUNR concluded.
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FG re-arrests Malami, son on arms possession, drops terrorism charge
The Federal Government, on Wednesday, withdrew the terrorism financing charge it filed against the immediate past Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, and his son, Abdulaziz.
The FG, through its team of lawyers led by Mr. Akinlolu Kehinde, SAN, applied to substitute the charge with an amended one concerning the defendants’ alleged illegal possession of arms and ammunition.
It told the court that the arms and live cartridges were found in Malami’s residence in Birnin Kebbi.
Following the development, Malami — who served as Justice Minister from November 11, 2015, to May 29, 2023, under former President Muhammadu Buhari’s administration — and his son took fresh pleas of not guilty to the five-count amended charge.
The defence lawyer, Mr. Shuaibu Arua, SAN, who did not oppose the withdrawal and substitution of the initial charge, persuaded the court, however, to allow the defendants to retain the bail that was initially granted to them.
The application for the defendant’s bail was not challenged by prosecution counsel.
Consequently, trial Justice Joyce Abdulmalik held that the bail the court granted the defendants on February 27, as well as all the conditions already fulfilled, would subsist.
The court subsequently fixed May 26 and June 15 for trial.
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Don’t work with terrorists, Zulum warns Borno residents
Borno State Governor, Professor Babagana Umara Zulum, has warned residents against aiding, harbouring, or providing logistical support to Boko Haram insurgents.
The warning follows recent operations conducted by the Air Component of Operation Hadin Kai in the Jilli general area of Gubio Local Government Area on April 11, 2026.
Jilli, a border community between Gubio Local Government Area of Borno State and Geidam Local Government Area of Yobe State, was reportedly affected during the operation.
In a statement by the Governor’s Special Adviser on Media, Dauda Iliya, Governor Zulum described Jilli market as a notorious hub allegedly used by insurgents and their logistics suppliers.
“I have been properly briefed on the airstrike carried out by the Air Component of Operation Hadin Kai on Jilli market, a border town between Borno and Yobe states. Let me state categorically that the Borno State Government closed Jilli and Gazabure markets five years ago,” the Governor stated.
He added that he is in close consultation with the Yobe State Government and the military hierarchy on the matter.
Governor Zulum explained that the state government maintains close coordination with the military and other security agencies before resettling any community or reopening markets, particularly in areas affected by insurgency.
He reiterated his administration’s commitment to protecting law-abiding citizens and sustaining collaboration with security agencies to restore lasting peace and stability.
The Governor also urged residents to remain vigilant and support security agencies with credible information to aid ongoing military operations.
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