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Polaris Bank CEO Solona Advocates legal reforms for economic growth at NBA Summit

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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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Anambra again: Gunmen kill family of four in Nnewi

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A man, his wife and two children have been killed in one attack in Nnewi North Local Government Area of Anambra State.

The victims, identified as Ifeanyi Okeke and his family members, were shot dead in their home in the shocking incident.

According to eyewitnesses, the gunmen invaded the Okeke’s residence, shooting and killing Ifeanyi, his wife, and two of their children.

The motive behind the attack is yet to be ascertained, leaving many questions unanswered and sparking widespread fear and anxiety in the community.

The Anambra State Police Command has confirmed the incident and launched an investigation to unravel the circumstances surrounding the killings.

“We are investigating the incident and working to apprehend the perpetrators,” said the Police Public Relations Officer, DSP Tochukwu Ikenga.

The incident has sparked widespread condemnation, with many calling for increased security measures to protect lives and property in the state.

“This is a heinous crime, and we must work together to ensure that those responsible are brought to justice,” a community leader noted.

The community is in shock and mourning, with many residents paying tribute to the victims and expressing sympathy for their loved ones.

“We are shocked and saddened by this incident. We demand increased security measures to protect our lives and property,” said another resident.

 

 

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Gov Ododo: Kogi not under seige

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Governor Usman Ododo of Kogi State has reiterated its unwavering commitment to ensuring the safety and security of lives and property across the state, declaring that it is not paying lip service to the security of its people.

Addressing the media in Lokoja on Friday, the Commissioner for Information and Communications, Kingsley Fanwo, said the administration of Governor Ahmed Ododo has taken concrete steps to deal decisively with insecurity, stressing that the state is not under siege and will not be.

Fanwo acknowledged security concerns in parts of Yagba land, particularly in Yagba West, but assured citizens that the situation is being carefully and silently managed to avoid escalation.

“We are managing the fine line between urgency and the need to tread softly in order not to compound the situation. Government is on top of the matter, and our interventions are guided, targeted, and strategic,” he said.

Fanwo also addressed concerns over alleged threats to some churches in Yagba East, noting that Governor Ododo has ordered thorough investigations to verify the claims.

“Security has not broken down in any part of Kogi and will not break down. We have reached an advanced stage of collaboration with national security structures to neutralise every threat to peace and stability in our state,” he emphasised.

The Commissioner commended local security structures such as the Okun hunters and other grassroots security outfits for their vital role in maintaining peace and order.

“These community-based efforts are critical to our overall strategy, and His Excellency has given the State Security Adviser a marching order to deepen community push-back mechanisms against insecurity,” Fanwo revealed.

He explained that government intelligence has pinpointed the location of certain criminal elements, but cautioned that operational plans are being meticulously executed to avoid collateral damage.

“These criminals are hiding behind innocent Nigerians, many of whom have been kidnapped from Kogi and other states. Our mission is to secure our people without endangering the lives of innocent victims,” he said.

 

 

 

 

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Criminal charges: Lawyers ready to defend Natasha with ‘factual evidence ‘

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The legal team of suspended Kogi Central Senator, Natasha Akpoti-Uduaghan, say they are ready with factil evidence to defend her in court.

The team received a formal summons in the case filed against her by the Federal Government at the Federal Capital Territory High Court last week.

On Friday, May 16, 2025, the Federal Government filed the suit, marked CR/297/25, over alleged defamatory remarks made during a live appearance on Channels Television’s Politics Today on April 3, 2025.

The government accused the senator of “making imputation knowing or having reason to believe that such imputation will harm the reputation of a person”, citing Section 391 of the Penal Code, cap 89, Laws of the Federation, 1990.

Among the witnesses listed to testify during the trial were Senate President, Godswill Akpabio, and a former governor of Kogi State, Yahaya Bello.

Others include Asuquo Ekpenyong, a senator; Sandra Duru; Maya Iliya, investigating police officers; and Abdulhafiz Garba, investigating police officers.

However, in a statement issued Friday night by Dr. Ehiogie West-Idahosa (SAN) on behalf of the legal team, Akpoti-Uduaghan’s lawyers confirmed receipt of the formal summons and pledged to prepare all “factual and statutory defences” available to the lawmaker during trial.

“At about 2:30pm on Friday, May 23, 2025, within the premises of the Federal Capital Territory High Court, Abuja, we received the information filed by the Director of Public Prosecutions, containing three counts alleging that our client, Senator Natasha Akpoti-Uduaghan of Kogi Central, made imputations she had reason to believe would harm the reputation of Senator Godswill Akpabio, President of the 10th Senate,” the statement read.

“We received the said information on her behalf through a letter of authority duly issued and filed in the court’s registry.

“The legal team will fully prepare and present all factual and statutory defences available to our client during the trial.”

 

 

 

 

 

 

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