CREATING AN INVESTMENT CULTURE by Ahmed Olaitan Banu

"A penny saved yesterday, a penny saved today becomes two pennies tomorrow"… Anonymous

We all have heard the quote above at a certain time in our lives; I heard it like gazillion times while growing up. A quote that says a lot about saving. There are other phrases that have the word saving as a content; for example, “Saving for the raining day”; “Saving for the future” etc.  We all know these phrases and try to embed their meaning in our daily lives; but what exactly does this saving mean. 

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LABOUR LAWS FOR DOMESTIC SERVANTS

Recently, news reports and blogs shared the story of 14 year old Faith, a domestic servant in Abuja whose principal, Roseline Uzoamaka forced her to sit on a burning electric cooker because she wet the bed (see that here). While Faith is recuperating at the hospital, Roseline, her boss has been arrested by the police.

Having a domestic servant or Housemaids/boys as they are locally called around is not new to Nigerian homes, it’s a way of life, especially for those who can afford to pay them or care for their needs if such maid is a relation. The International Labour Organisation in a recent study entitled: ‘Domestic workers across the world’ showed that there are at least 53 million domestic workers worldwide. It explains that the figure, which does not include child domestic workers, is increasing by the day in both the developed and developing countries. Also an estimated 10.5 million children are engaged as domestic workers worldwide with most of them under age.

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PROFILE: OBA NSUGBE QC SAN

Oba Nsugbe QC, SAN was called to the bar in 1985 (Gray's Inn) and was appointed a Crown Court Reader in 1999 - the youngest practitioner ever appointed to the part-time judiciary. He became a Barrister and Solicitor of the Supreme Court of Nigeria in 1986 and is also a Senior Advocate of Nigeria (SAN). Oba Nsugbe is currently the Head of Chambers at Pump Court Chambers, London.

He took silk in 2002 as the first Nigerian practicing abroad to be awarded the coveted rank of silk at the age of 39, and since 2004 has acted as Grade A Advocacy Trainer at Gray’s Inn, where he became a Bencher in 2005. The following year, in 2006, he was appointed Joint Head of Chambers, elected as a Fellow of the Royal Society of Arts and became the Legal Advisor to the Central Association of Nigerians in the UK, a post he still holds to date. He also acts as a Legal Assessor for the General Medical Council and is the immediate former Chair of the British Nigeria Law Forum (BNLF).

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WAR CRIMES AND CRIMES AGAINST HUMANITY

“War crime” and "crimes against humanity" ever heard that before?

Sounds like a phrase out of the Black Diamond movie with Di’caprio or something that pops up when you talk about people like Charles Taylor and Saddam Hussein. Don’t laugh anyway, because War Crimes are very serious allegations as they usually have to do with killing and dishing out inhuman treatment to others. Why do you think the world had to set up a court to try war crimes, trust me, it’s a big deal. 

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THE INTERNATIONAL CRIMINAL COURT

The International Criminal Court (ICC), governed by the Rome Statute, is the first permanent, treaty based, international criminal court established to help end impunity for the perpetrators of the most serious crimes of concern to the international community.

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EBOLA OUTBREAK: IS IT A FORCE MAJEURE EVENT?

On 8 August 2014 the World Health Organisation (WHO) categorised the Ebola outbreak in Guinea, Sierra Leone and Liberia as a Public Health Emergency of International Concern.
 

The potential impact of this epidemic is of interest to all multinational corporations with a presence in Africa, and in particular to those with projects, assets and personnel in those countries affected. The fact that the WHO has only twice previously described an outbreak in these terms underlies the severity of its impact, and potential impact, on construction projects in West Africa.

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PROFILE: MRS FUNKE ADEKOYA SAN

Mrs. Funke Adekoya, SAN is a partner in the prestigious Nigerian law firm 'AELEX" and she began her law career at the University of Ife where she graduated with honours after attaining her LL.B in 1974. She was called to the Nigerian Bar in 1975 before proceeding to study an LL.M at the prestigious Harvard Law School, Boston, Massachusetts, USA in 1977. Mrs. Adekoya became a Solicitor in England and Whales in 2004 and her practice areas include: Commercial Litigation, Corporate Dispute Resolution, Business Turnaround and Corporate Insolvency, Competition Law and Policy.

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PENALTY FOR ARMED ROBBERY IN LAGOS

Stealing/Robbery is a crime, we all know that right?

If you don’t, why do you think your parents beat the living day light out of admonished you when you were caught stealing meat from the pot taking what didn’t belong to you. Remember those gentlemen and women always paraded by the police as armed robbers, with guns, live ammunitions and cartridges lying in front of them, everyone who has seen a Nigerian edition of Crime Fighters will know what I mean, well that’s another sign for you that stealing is a crime.

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PROFILE: MOYOSORE JUBRIL ONIGBANJO, SAN

Moyosore is a first class litigator. In recognition of his excellence in this regard the Legal Practitioners Privileges Committee, chaired by the Chief Justice of Nigeria, the Hon. Justice Aloma Mukhtar GCON conferred Mr. M.J. Onigbanjo with the rank of Senior Advocate of Nigeria on 23^rd September 2013.

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ARBITRATION RULES UPGRADED AT LONDON COURT

A new set of rules has been introduced in the London Court of International Arbitration (LCIA) - but they are 'largely intended' to bring the centre 'up-to-date', according to Allen & Overy.

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Africans call on rich nations to crack down on money laundering

The world’s richest nations must toughen their laws against money laundering, tax havens and tax evasion if a global drive against corruption and illicit finance is to deliver results, senior African diplomats said on Thursday.

“There are two sides to this coin. If there were no facilitators on their side, the miscreants on our side would not have succour,” said Liberia’s Foreign Minister Augustine Kpehe Ngafuan in an interview.

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STUDY SHOWS JUDGES WITH DAUGHTERS ARE LIKELY TO VOTE FOR WOMEN'S RIGHTS

Hon. Justice Phillips 

More than law and ideology goes into a judge's court ruling -- and includes having a daughter, a new study shows

The research, conducted by Harvard University professor Adam Glynn and University of Rochester political scientist Maya Sen, found that judges with daughters are more likely to vote in favour of women's rights. Ms Sen notes that judges learn about what it is  like to raise a young woman dealing with issues like pay equity, university admissions or taking care of children. The effect is most seen among male judges appointed by Republican presidents, the study found.. 

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MALAYSIA OPENS LEGAL MARKET

Malaysia is now allowing foreign firms to open within its jurisdiction and join ventures with domestic firms.

Malaysia's legal services market has opened to the rest of the world, allowing foreign firms to open within its jurisdiction and from joint ventures with domestic firms. 

The measures were introduced under the Legal Profession Act of 2012 and came into effect 3 June, as announced by Malaysian attorney general Tan Sri Gani Patail. 

Discussions to liberalize the market have been occurring since 2002. Lawyers are permitted to continue providing services by entering Malaysia using national passports, but they must not exceed the maximum stay of 60 days per lawyer per year.

Source- globallegalpost.com

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TRADEMARK JUDGEMENT ON THOMAS PINK V. VICTORIA SECRET

VICTORIA'S SECRET NO LONGER IN THE PINK: THOMAS PINK WINS IN TRADE MARK FIGHT
On 31 July 2014, the High Court of Justice handed down its judgment in Thomas Pink Ltd v Victoria's Secret UK Ltd [2014 EWHC 2631 (Ch)]. Birss J ruled that Victoria's Secret's use of its sub-brand PINK had infringed Thomas Pink's trade marks for PINK, as the average consumer was likely to be confused by the similarity of the signs.

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PROFILE: HON. YACOOB EKUNDAYO BUSH-ALEBIOSU

Otunba Hon. Yacoob Ekundayo Bush- Alebiosu, popularly known as D-Bush is a humane and optimist for a just and egalitarian society.

An Architect by profession, Hon. Dayo Bush –Alebiosu has distinguished himself as a thoroughbred and proficient professional in the Nation’s building and construction industry before his foray into partisan politics. His candour, charisma, humility and philanthropy are rare among his generation.

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NIGERIA: GRUESOME FOOTAGE IMPLICATES MILITARY IN WAR CRIMES

Amnesty International released this video on 5th August, 2014 showing persons alleged to be members of the Nigerian military and civilian Joint Task Force committing war crimes as they continue to fight Terrorism in the Northern part of the country. The video also shows the aftermath of a Boko Haram attack on a civilian population. The Nigerian military has reacted to the allegations by stating it will carry out an investigation to ascertain the authenticity of the video.  

Sadly, the North-Eastern states in Nigeria are still marred in violence but hopefully the Nigeria military and other security agencies  will get ahead of the terrorist and we had be rid of this senseless killings for good.

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#LawForLayMen hosted by @BarEnclave

On Sunday, 3^rd August, 2014, @BarEnclave hosted @ayosogunro to the maiden edition of the  #LawForLayMen lecture series in Lagos titled “A ONE DAY GUIDE TO THE NIGERIAN CONSTITUTION”. Participants comprising of young professionals from diverse fields attended and it was simply amazing to be there. 

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