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Behold The NBA President-Elect, Olumide Akpata

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By Eric Elezuo

“Should I become president, I will fashion out policies that will significantly improve the welfare and well-being of young lawyers and lawyers generally. Issues around welfare in terms of better remuneration, health insurance, protection from sexual and other forms of harassment at the workplace and access to finance for those seeking to set up their own practices will be front-burner issues for me.”

Olumide Akpata made the above statements during an interview months before he dusted two renowned Senior Advocates of Nigeria to emerge the President-elect of the reputable Nigerian Bar Association, the umbrella body of all practicing lawyers in Nigeria.

The boss at the Corporate and Commercial, Templars, becomes the first non SAN person in 29 years to become the President of the body of intellectuals in their own right. The last time a non-senior advocate of Nigeria (SAN) was elected president of the NBA was in 1989. His name was Charles Idehen. He left office in 1991 for Clement Akpamgbo (SAN). Two other non-SANs that have tested the presidency of NBA were Priscilla Kuye in 1990 and Lanke Odogiyan, in 2005. Both were not elected into office. They took over after their principals, Clement Akpamgbo and Bayo Ojo were appointed Attorney General respectively.

Olumide Akpata, 47, emerged winner, defeating two senior advocates, Dele Adesina and Babatunde Ajibade, by a wide margin. Akpata scored 9,891 votes as against Ajibade who had 4,328 votes and Adesina who polled 3,982 votes. Just as the combined votes of the defeated candidates fell short of Akpata’s score, the total number of voters also fell short of the over 29,000 lawyers accredited to vote. 

However, not many stress awaits the conqueror since he has made his plans long before now, watching from the sidelines and amending, in his closet, whatever misdemeanor he picked up while his predecessors were holding in office.

Akpata is bent on reconstructing the Nigerian Law curriculum, to equip young lawyers with requisite knowlwdgw of the the real background as it relates to todays world. He frowned at the fact that even first class graduates of Law both from the universities and Law schools come across like mediocres because according to him, they are bamboozled with the outdated knowledge.

Hear him: “They have book knowledge; they are following a curriculum that I followed 20 years ago when I entered the University of Benin, how can anybody still be teaching people with that kind of curriculum in today’s world? In 2020, you are not offering Technology Law, there is nothing about commercial awareness to make lawyers understand that they are operators in an economy; that we are the pivot in the economy because all the relationships in the economy are underpinned by legal documentation. That is what we are supposed to be doing.”

Born in October 7, 1972, Olumide Akpata, son of a foremost legal luminary, Ephraim Akpata, had his early education in Warri, Delta State. He attended Kings College, Lagos, for his secondary education and later got admitted into the University of Benin. He was called to the bar on December 15, 1993.

Akpata is a founding member of the NBA Section on Business Law (NBA-SBL), which comprises 22 committees, and focusing on various areas of commercial law dating back to as far as 2006 as well as Partner and Head, Corporate and Commercial Practice Group of Templars Law.

With over two decades of experience in advising clients on various aspects of Nigerian Corporate and Commercial Law, Akpata qualifies to bear the tag citizens’ lawyer. He regularly advises local and international corporations on the impact of Nigerian Law on their investments and/or operations in Nigeria especially concerning the establishment of local subsidiaries, corporate governance and compliance, mergers, acquisitions and corporate restructuring, labour and immigration, regulatory issues and tax.
 
For these, he had featured on various local and international fora to speak and concretely provide direction towards achieving a more enabling legal framework for businesses and organisations. He is currently a member of the Council of the Nigeria Bar Association Section on Business Law as well as the Vice-Chair (West-Africa) of the International Bar Association’s Africa Regional Forum.
 
Among several key transactions Akpata has advised on are:
  • The Nigerian Bureau of Public Enterprises’ restructuring of the Nigerian Electricity sector and the unbundling of the national power utility.
  • International joint ventures, mergers, acquisitions, takeovers and also the world’s second largest port operator in its bid for the Apapa Container Terminal concession.
  • Several local and international clients on regulatory compliance in relation to company law and practice in Nigeria.

Other areas of his advice include

    • GE on regulatory compliance matters related to its establishment of a multi-billion naira manufacturing plant in Nigeria.
    • Azura Power on its US$1 billion financing and development of a pioneering project-financed 459MW IPP.
    • Google, Halliburton, Novartis, Lafarge, Technip, Snamprogetti, KBR  & JGC  consortium, Rolls Royce and FMC Technologies in connection with various governmental relations, regulatory, general corporate and labour and employment matters.
    • Eagle Hills, subsidiary of EMAAR group on joint venture construction project for the development of 1260 hectares Centenary City project.
    • ATC on the US$1.05 billion acquisition of up to 4,800 telecommunications towers from Bharti Airtel.

Not forgetting that he had acted and continues to act for several clients on a wide range of Immigration and Labour matters including the setting up of private pension schemes, employment contracts and general immigration compliance.

He has been recognised by IFLR 1000 as a leading Mergers & Acquisition lawyer in Nigeria and by Chambers and Partners “as having long experience in representing foreign clients” in his area of practice.

The entry of Akpata, who is happily married and blessed with children, into the highest echelon of Law practice, has opened a new dawn to the administration of law, practice and recognition if all his campaign promises are to be relied upon. Of course, his pedigree has proved they can be relied upon. The next two years, beginning from August, when he is sworn in to take over from Dr. Paul Usoro SAN.

For a man who conquered many odds such as coming from a region not zoned to be president as well as not accounted as one of the big boys (SAN) before becoming president, it is believed Akpata will leave NBA better than he met it.

Congratulations sir!

 

 

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Tinubu Presents N47.9trn 2025 Appropriation Bill to NASS

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President Bola Tinubu, on Wednesday, presented the proposed 2025 federal budget to a joint session of the National Assembly.

The N47.9 trillion budget saw a whopping N3.5 trillion allocated to the education sector.

Other sectors that got higher allocations include defence and security – N4.91tn, infrastructure – N4.06tn and health – N2.4tn.

“It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly of Nigeria titled, ‘The Restoration Budget’ security peace, building prosperity,” Tinubu said as he concluded his 30-minute presentation at 1:10pm.

This budget highlights the government’s focus on improving education, healthcare, and infrastructure, in line with its ‘Renewed Hope Agenda’ aimed at boosting the economy and addressing key national priorities.

The live broadcast of the budget presentation today revealed the government’s plans for the next fiscal year. With a strong emphasis on human capital development, the president highlighted the budget’s commitment to improving the nation’s economic foundation.

Education sector receives major funding 

A significant portion of the 2025 budget is dedicated to education, with N3.5 trillion allocated to the sector. President Tinubu stated that part of this funding would be directed toward infrastructure development, including support for Universal Basic Education (UBEC) and the establishment of nine new higher educational institutions.

We have made provision for N826.90 billion for infrastructural development in the education sector,” Tinubu said.

This allocation aims to improve educational facilities and support ongoing efforts to strengthen Nigeria’s educational system.

Focus on human capital development 

During the presentation, the president emphasized the importance of investing in Nigeria’s human capital. “Human capital development, our people are our greatest resource. That is why we are breaking record investment in education, healthcare, our social services,” he remarked.

Tinubu also pointed to the N34 billion already disbursed through the Nigerian Education Loan Fund (NELFUND) to assist over 300,000 students.

The budget includes continued investments in healthcare and social services as part of the broader goal of enhancing the quality of life for Nigerians.

Strengthening the economy and national security 

Tinubu highlighted that the 2025 budget is designed to build a robust economy while addressing critical sectors necessary for growth and security.

“This budget reflects the huge commitment to strengthening the foundation of a robust economy, while addressing the critical sectors essential for the growth and development we envision; and secure our nation,” he said.

The budget aims to tackle key challenges and foster long-term economic stability by prioritizing infrastructure and development in key sectors.

Healthcare and social services allocations 

In addition to education, Tinubu focused on the allocation for healthcare and social services. The government plans to increase investments in healthcare infrastructure and services to ensure broader access to essential healthcare for Nigerians.

These investments are part of the administration’s strategy to improve overall living conditions and enhance public health across the country.

President Tinubu’s proposed 2025 budget is said to reflect the administration’s commitment to achieving its development objectives, with a focus on economic growth, human capital development, and infrastructure improvement.

As the National Assembly reviews the budget, the president reiterated his administration’s resolve to address the nation’s most pressing needs.

Source: Nairametrics

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Ghana’s President-elect Mahama Visits Tinubu in Abuja

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Ghana’s President-Elect, Dr. John Dramani Mahama, a courtesy visit to President Bola Tinubu at his residence, Presidential Villa, State House on Monday.

Mahama

Mahama won 56 percent of the votes in this month’s presidential election, compared to the ruling party candidate and Vice President Mahamudu Bawumia, who secured 41 percent.

Mahama

The landslide comeback for former president Mahama ended eight years in power for the New Patriotic Party (NPP) under President Nana Akufo-Addo, whose last term was marked by Ghana’s worst economic turmoil in years, an IMF bailout and a debt default.

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I Stand by What I Said, Kemi Badenoch Replies VP Shettima

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The leader of the United Kingdom’s Conservative Party, Kemi Badenoch, has lashed back at Vice President Kashim Shettima over the latter’s reaction to her comments about Nigeria.

Badenoch was born in the UK in 1980 to Nigerian Yoruba parents.

Badenoch, who attained age 16 in Nigeria before departing the country for the UK where she was elected Conservative Party’s leader, described Nigeria as a nation brimming with thieving politicians and insecurity.

However, Shettima, while speaking at the 10th Annual Migration Dialogue at the Presidential Villa in Abuja on Monday, December 9, 2024, accused Badenoch of “denigrating her country of origin” with her remarks.

The vice-president listed influential people whose families had migrated to other countries, commending former UK Prime Minister Rishi Sunak as a “brilliant young man who never denigrated his nation of ancestry.”

Reacting on Wednesday, Badenoch lashed back at Shettima, saying she doesn’t do “PR for Nigeria”.

Her spokesperson, as the Tory leader, according to UK Express, said: “Kemi is not interested in doing Nigeria’s PR; she is the Leader of the Opposition in the UK.

“She tells the truth; she tells it like it is; she isn’t going to couch her words. She stands by what she said.”

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