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Emefiele’s Naira Renewal: A Dangerous Gamble

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2 years ago

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By Eric Elezuo

Like it did in 1984, the administration of President Muhammadu Buhari has proposed to redesign the higher denominations of the nation’s currency. The announcement was contained in a statement released by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, during a press briefing in Abuja. The bank said it is undertaking the designing project to have control of the currency in circulation, manage inflation, as well as tackle counterfeiting. He noted that the targeted notes are N100, N200, N500, and N1000, while release into the Nigerian monetary space will start on December 15, 2022, and then by January 31, 2023, the existing notes will be completed phased out of circulation.

Emefiele hinted as part of the many reasons for the action, that the currency management has faced several daunting challenges that have continued to escalate in scale and sophistication with attendant and unintended consequences for the integrity of both the CBN and the country.

However, stakeholders, analysts and the general public have been left to wonder if the CBN and Emefiele were well advised as a cross section of Nigerians believe that the project could be a dangerous gamble, seeing that there are concerns the move may lead to confusion as rural population may find it difficult to change their currency notes within the given time among a whole lot of consequences, which the Minister of Finance, Zainab Ahmed has hinted.

In his address while making public the intention of the CBN, which permission, he said has been given by President Buhari, Emefiele said: “These challenges primarily include: Significant hoarding of banknotes by members of the public, with statistics showing that over 85 percent of currency in circulation are outside the vaults of commercial banks,” he said.

“To be more specific, as at the end of September 2022, available data at the CBN indicate that N2.73 Trillion out of the N3.23 trillion currency in circulation, was outside the vaults of Commercial Banks across the country; and supposedly held by the public.

“Evidently, currency in circulation has more than doubled since 2015; rising from N1.46 trillion in December 2015 to N3.23 trillion in September 2022. This is a worrisome trend that cannot be allowed to continue.”

Emefiele’s catalogue of excuses regarding why the existing naira notes must be phased out includes the fact that the increase in the hoarding of currency in circulation has affected inflation, which hit a 17-year high in September, in addition to the menace of worsening shortage of clean and fit banknotes with attendant negative perception of the CBN and increased risk to financial stability.

The CBN governor also listed that the redistribution of the new notes will discourage ransom payment as large volumes of money won’t be accessed because the amount of cash in circulation will be drastically reduced just as it will help deepen CBN’s drive to entrench cashless economy as it will be complemented by increased minting of the eNaira.

“Also, in view of the prevailing level of security situation in the country, the CBN is convinced that the incidents of terrorism and kidnapping would be minimized as access to the large volume of money outside the banking system used as source of funds for ransom payments will begin to dry up.

“This will further rein in the currency outside the banking system into the banking system thereby making monetary policy more efficacious,” Emefiele said.

As expected, the CBN governor’s initiative has received knocks and kudos from across the length and breadth of the country with stakeholders voicing their thoughts at how the redesigning of the naira will impact on the economy, and more importantly on the lives of the citizens.

First among the early praise singers of Emefiele’s initiative is the Economic and Financial Crimes Commission, (EFCC).

In his remarks, the chairman of the commission, Abdulrasheed Bawa, described the move as “well-considered and timely” as it will address the challenges of currency management which has negatively impacted the country’s monetary policy and security imperatives.

“The EFCC, the CBN and some other regulators in the financial sector have worked closely in the recent past to determine how best to stabilize the country’s monetary policy environment. It is heart-warming that the CBN has demonstrated courage in taking this bold decision which I believe will bring sanity to the currency management situation in Nigeria,” he said, in a statement released by its spokesperson, Wilson Uwujaren.

EFCC’s involvement , according to Bawa is to monitor the process to ensure that unscrupulous players and currency speculators and their cohorts among the BDCs do not undermine the exercise. He also charged banks to be alive to their reporting obligations and not assist unscrupulous customers in laundering suspected proceeds of crimes through their system.

The CBN has also requested that the process of introducing the new notes and phasing out the existing ones will ensure that
1. Banks must only accept cash from customers with bank accounts, adhering fully to the principle of KYC.
2. Cash must only be paid into customers accounts. Cash must not be paid into ledgers or suspense accounts
3. CBN will no longer print large quantities of Cash. New cashless policy to be announced in January
4. Banks that receive cash from non-account holders or customers will be penalised by CBN and EFCC
The process will also involve the CBN and EFCC monitoring and tracking all deposits just as it provides an opportunity to leverage on branch networks to drive funding of accounts and drive digital adoption and opening of new accounts.
But how feasible the lofty ideas the CBN has expressed in this initiative is remains a mirage and gamble as most bodies have risen in condemnation of the process.
The first of the misadventure of the naira redesigning is the denial of the Ministry of Finance, Budget and National Planning that they are not aware of the planned exercise. The Minister, Zainab Ahmed, who commented on the policy in response to questions raised by senators during the 2023 budget defence session she had with the Senate Committee on Finance, chaired by Senator Solomon Olamilekan, dissociated herself from the Naira redesign policy.
The Minister went ahead to warn the CBN of consequences that may arise from the policy just as the Senate intoned that barely two days after the announcement of the policy by the CBN, the negative effect was already being experienced in the country’s forex. The Senate noted that just bare 48 hours later, the value of the Naira to a US dollar has risen from N740 to N788 due to rush in exchange of stashed Naira Notes for foreign currencies, particularly the dollar.

In their argument, the senators were of the opinion that the policy, a well-conceived one, but has timing deficiency, going by the realities on ground. They feared that the naira may fall to as low as N1,000 to a US dollar before January 31, 2023 fixed for full implementation of the policy.

Ahmed, who speaks for the Federal Government on monetary matters reiterated that she and her Ministry were not aware of the policy but only heard from the media.

“Distinguished Senators, we were not consulted at the Ministry of Finance by the CBN on the planned naira redesigning and cannot comment on it as regards merits or otherwise.

“However, as a Nigerian privileged to be at the top of Nigeria’s fiscal management, the policy as rolled out at this time portends serious consequences on value of naira to other foreign currencies.

“I will, however, appeal to this committee to invite the CBN governor for required explanations as regards merits of the planned policy and rightness or otherwise of its implementation now,” she said.

Reacting, Emefiele, carpeted the minister, saying that permission was sought and received from the President, and as a result need not consult any other person.

On their part, the Civil Society Legislative Advocacy Centre (CISLAC) said that the Central Bank of Nigeria’s plan to redesign the higher currency notes is not an economic priority for the country, considering the current challenges facing the economy.
The Executive Director of Centre, Auwal Musa, in a statement said that there are more pressing needs that the CBN ought to attend to, to set the economy on the path of revival, adding that concerned reactions from Nigerians was proof that the decision is a misplaced priority on the part of the CBN.
He said, “Firstly, the CBN’s decision to redesign and reissue new 200, 500 and 1000 notes is not an economic priority and barely a solution to addressing Nigeria’s poor monetary policy challenges and growing economic woes.

“Especially at a time when the country is grappling with huge fiscal deficits, a free fall of the naira, soaring inflation rates, multiple forex rates and rising borrowing costs. The reasons for this decision seem no different from those given for the forex demand management strategy which resulted in a non-satisfactory conclusion as the artificially low exchange rate failed to be as reflective of the market as possible to improve supply, but this time it only threatens damning economic consequences for Nigerians.

“The public perception that this decision holds no value proposition for the economy, reiterates the tendency of the CBN to be distracted from fulfilling priority statutory obligations.

“Various comments and responses from concerned Nigerians, show that a large number of Nigerians are worried about the misplacement of priorities of the Apex Bank to make such a decision that comes with possibly huge logistics costs and avoidable dislocations to small businesses, most of whom are in the informal sector.”

He added: “So far, the macro-economic and monetary policies of the CBN has brought untold hardship to the productive and service sectors of our nation’s economy with consequential negative effects on the lives of our citizens. The Apex Bank has floated multiple exchange rate regimes and has been accused of facilitating arbitrage between the parallel and official foreign exchange markets, providing huge financial patronage and extending forex-based favours to allies.

“Nigeria is grappling with the external pressures from the incapacity of the Central Bank of Nigeria to protect foreign exchange reserves from external outflows.

“The Apex Bank needs to do a lot to recover the confidence of the public by addressing its inability to ensure; Blockage of illicit financial flows  and checkmating the use of financial systems to fund terrorism by strengthening oversight of commercial banks used as conduits for corruption,” adding that “Foreign investors rely on authoritative indexes like the Global Terrorism Index and even economic indexes that include an evaluation of security and stability, to inform their investment decisions;

“Intensifying collaborations with relevant anti-corruption agencies to check dubious charges by some commercial banks, who keep shortchanging poor Nigerians whose reducing disposable income is further worsened by growing inflation costs and unemployment;

“Reduction of competition with other agencies by going beyond its purview to drive interventions in sectors without the consent or cooperation of the relevant coordinating ministries. The CBN’s continued and unsolicited support for MSMEs can be more effective by ensuring synergy between the fiscal and the monetary authorities on intervention funds and adopting transparent mechanisms for beneficiaries to access;

“Availability of forex to those who legitimately need it like students studying out of the country and businesses. The artificially low exchange rate has failed to be as reflective of the market as possible and this has affected access to forex for payment of foreign tuition fees, and the importation of systems and raw materials which contribute greatly to the country’s worsening economic situation. There is a huge blow to our foreign direct investment as foreign investors are leaving due to their inability to access forex;

“Sanitization of the CBN recruitment processes, which are non-transparent as they seem to be reserved exclusively for the children, wards and affiliates of politically exposed persons.

“In this desperate period of economic woes for Nigeria, the CBN’s efforts will be better served in pushing robust monetary policies that are in tandem with global best practices, fighting inflation and building a strong financial system in an increasingly uncertain global economy.”

Recall that in 1984 when Buhari was the Head of State, he ordered the redesigning of the naira notes notably One, Five, 10 and 20 to trapped politicians, who were suspected to have hoarded currencies away from bank vaults. A case of deja vu!

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Who Will Rescue Nigeria from Political Bandits?

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1 day ago

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October 6, 2024

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By Eric Elezuo

The Oxford Dictionary defines a bandit as a robber or outlaw belonging to a gang and typically operating in an isolated or lawless area. In a layman’s language, a bandit is a basically a robber, most of the times, heavily.
In many professional sectors, bandits have arisen in form of leaders, as a result of their high handedness, disrespect for constituted authorities, greed for power and disregards for humanity. Among the bandits of the Nigerian society are the political bandits. They are members of diverse political parties spread across the judiciary, legislature, executive, business environment and more. The banditry has created dissension across boards, affecting the main and opposition political parties, the Nigerian economy, the judiciary with the infamous conflicting judicial pronouncements and judgments, creating a typical musical staccato.
As a result, while the country battles the known bandits of Sokoto, Zamfara, Kaduna, Katsina and Niger among others, the people are unfortunately putting up with the rascality of the new kind of banditry, which shares public space with the populace, albeit politicians and public office holders. But while the shenanigans persist, the government and people keep a blind eye, pretending that all is well.
“It’s no longer news that the issues prevailing in the country today vis a vis political crisis, judicial rascality and the total economic downturn ravaging the nation, unleashing hunger among the populace is a direct invention of the government of the day.
“Firstly, to decimate the opposition parties so as to create a leeway for a smooth return to power in 2027 as well as impoverish the people, make them hopeless so as to feed them crumbs without questions. Of course, the constant phoney distribution of palliatives is a consequence of the self-made affliction,” an analyst told The Boss.
It would be recalled that the nation has experienced more than a far share of democratic brigandry and political banditry since the May 29, 2023 inauguration day pronouncement of ‘subsidy is gone’ by President Bola Tinubu. Apart from the economy hitting the rocks since then, the opposition parties have continually remained on each other’s neck in what political analysts have described as a deliberate ploy of the government in power to instigated crises across board, and propel the country towards a one party state under the All Progressives Congress (APC).
In the main opposition Peoples Democratic Party (PDP), leadership tussle has remained endemic, creating factions between those loyal to the Acting Chairman, Umar Iliya Damagum and the the rest of the members, with an allegation that the Minister of the Federal Capital Territory (FCT), Barr Nyesom Wike, has a superlative control of the leadership; a situation that has made it absolutely difficult for the opposition party to successfully play its opposition role.
“No matter what anybody says, it’s obvious that Wike is working for the APC, and at the same time maintains a strangle hold on the PDP for the very wrong reasons. It’s completely difficult for the PDP leadership as presently constituted to speak against the APC or even Wike himself. It is not by accident that Senator Dino Melaye, a vocal chieftain of the party, described it as a ‘dead party’. You know that New Nigeria’s People’s Party’s Rabiu Kwankwaso has echoed that line of thought,” a PDP stakeholder, who prefers anonymity said.
The crisis of leadership has also divided the Governors Forum under Bauchi State governor, Bala Mohammed, causing the party to abandon Rivers State governor, Sim Fubara, in his battles for the state structure against Wike.

While Bala Mohammed had earlier indicated that the forum was considering the return of the national chairmanship to the North-Central, describing the current leadership arrangement in the North-East as unconstitutional, a decision that was supported by Osun state governor, Ademola Adeleke.

“My brother from the North-East is currently acting as the national chairman, which is a constitutional anomaly. According to our Constitution, any vacancy in a leadership position should be filled by the region from which it was originally created,” Bala said on Tuesday.

The Bauchi State governor explained that the North-Central region had been expecting the position and hinted that the forum was working with the chairman, the National Working Committee (NWC), and the broader party structure to return the chairmanship to the North-Central.

“We have discussed the issue and will work to ensure that the North-Central is given the opportunity to assume this responsibility,” he stated.

However, Governor Fintiri of Adamawa, in a sharp contrast to Bala’s stance, declared his strong support for Damagum’s leadership.

Fintiri noted that the North-East zone, which includes Bauchi, supports Damagum remaining as acting national chairman.

He referenced a Federal High Court ruling in Abuja that restrains the NWC, Board of Trustees (BoT), National Executive Committee (NEC), PDP, INEC, and any affiliated bodies from removing, replacing, or nominating a new chairman outside of Damagum.

“The court’s ruling is clear, and we must respect it for the sake of our party and democracy,” Fintiri stated in a statement earlier issued by his Chief Press Secretary, Humwashi Wonosikou.

The Adamawa governor further praised Damagum’s leadership for rebuilding public confidence in the PDP following the party’s defeat in the 2023 presidential election, and he endorsed him to complete the tenure of the former chairman, Dr. Iyorchia Ayu, a situation many members of the party disagree with.

Fintiri also emphasised that the North-East, having delivered strong results for the PDP in the 2023 elections, deserves the national chairmanship more than other regions. The zone includes Adamawa, Taraba, Gombe, Bauchi, Borno, and Yobe states, and Fintiri argued that their performance in the polls strengthens their claim to the chairmanship.

Oyo State Governor, Seyi Makinde, also declared his full support for the NWC under Damagum’s leadership, underscoring the growing division within the PDP Governors’ Forum over the party’s leadership crisis.

Makinde noted that, while internal disagreements are inevitable in any political party, the focus should remain on unity as the party prepares for critical elections.

The party also agreed to support Fubara in Rivers, resolving to hand over party structure to him against Wike’s quest to hold to the structure. But in response, Wike threatened to step fire in the states of the PDP Governors, who took the decision. But while Mohammed called his bluff, Makinde pleaded to be exempted, acknowledging alleged Wike’s superiority.

The dissension that has continued led to the party’s loss of the Edo State governorship election. They claimed it was rigged by the APC.

Demagum continues to argue that the party’s rules allow for some flexibility in leadership positions and pointed out that the deputy chairman from the North could naturally assume the chairmanship if it were vacated.

The political rascality has further transcended to the judiciary, where what appears to be judgment for the highest bidder, is in vogue.
This situation has been witnessed in Rivers State, where the several court judgments continue to flow from several courts in favour of anyone, who applies for it.
On September 30, the court barred the Independent National Electoral Commission (INEC) from releasing the voter register to the Rivers State Independent Electoral Commission (RSIEC) for the elections.

The judge, Peter Lifu, cited RSIEC’s non-compliance with its 2018 law concerning the voter register as a reason for the court’s decision to halt the elections

Many lawyers and judicial stakeholders have expressed their disagreement with the court order and stressed the importance of judicial independence.

They argued that the case underscored the unconstitutionality and undemocratic nature of caretaker committees managing local governments.

A lawyer and Senior Advocate of Nigeria, Jibrin Okutepa, noted as follows:

“Section 1 of the 1999 Constitution makes the constitution supreme and binding on all persons and authorities, including Nigerian courts.

“Section 287(1) further stipulates that decisions of the Supreme Court must be enforced across Nigeria by all persons and courts with subordinate jurisdiction to that of the Supreme Court.

“Judgments of the Supreme Court, whether rightly or wrongly decided, cannot be questioned or ignored by any courts or individuals in Nigeria; they can only be criticised.”

Also toeing the line of political banditry in the nation is the recklessness that has been exhibited by the electoral umpire, the Independent National Electoral Commission (INEC). The body has been accused of also giving electoral victory to whomever expresses monetary and influential concern, especially the government of the day. The situation was further brought to light with the handling of the Edo State governorship election.

The situation of almost complete lawlessness that has pervaded the length and breadth of the nation’s political and economic sectors, have reduced the society to enclave enslaved by a group of individuals, who do not wish corporate existence, but selfish fulfillment of individual agenda.

In Rivers State, Governor Fubara appears to have called the bluff of the Bola Tinubu-led APC, the camp of Wike and all, who were bent on undermining his administration, but the question still stand, who will rescue Nigeria from political bandits as the situation is far from over.

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Glo Splashes Millions of Naira on Partners at Luxurious Event in Lagos

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3 days ago

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October 5, 2024

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Globacom, Nigeria’s telecommunications and digital solutions services provider, on Thursday treated its business partners across the country to a luxurious ceremony in Lagos. The event was held at the Eko Hotel and Suites, Victoria Island.

At the event, Globacom honoured its top-performing partners that fulfilled all regional and national deliverable requirements with millions of naira in recognition of their outstanding work.

A total number of 71 partners were rewarded in two broad categories, with the winners receiving millions of naira in cash prizes. Category 1 comprised 22 Activation Award winners and 33 Divisional Recharge winners.

In Category 2, 16 partners were rewarded for outstanding performance at the national level. They included partners who performed excellently in Sponsored Data and Activation and those who won national awards in the Recharge category.

The event was held to “honour not just individual successes, but the collaborative spirit that drives innovation and growth”, according to a statement from Globacom. It added that each of the partners “continues to play crucial roles in Globacom’s mission to empower people and businesses, pushing the boundaries of what is possible in telecommunications”.

Globacom shared with them its current and future projections to grow the company and maintain a win-win partnership with the business partners and promised to constantly take their interest and that of other stakeholders into account in all of its plans and projections.

“We are excited about the future, of our continued partnership in serving our customers, fulfilling their needs and helping them achieve their ambitions. We count on you all to be by our side all the way”, the company reiterated to the business partners.

Globacom, which recently clocked 21st, noted that it has grown from being a telecommunications service provider to becoming a Digital and Technology Company, leading the drive into Nigeria’s digital future. It promised to continue to explore unlimited opportunities to serve the customers by investing heavily in the latest tools and technologies.

The company recently unveiled My-G which gives subscribers more data value and more freedom to explore their passions. It has also reinvigorated the Glo Cafe app to give subscribers total control and access to entertainment, gaming, data solutions and other VAS services on their mobile devices. Glo also enhanced the Berekete tariff plan to give unparalleled juicy benefits to subscribers, ensuring that every new business innovation, product and service bring Glo customers one step closer to their goals.

However, the partners had a terrific time being entertained, so the event wasn’t just about business presentations and prizes. Lilian Yeri Danceworld, an all-female dance company with a lot of versatile dance movements, was available to entertain the guests.

Celebrated musician, Flavour, also brightened up the evening with great music, adding color to bring the celebration to a close. Several guests joined him on the dance floor to enjoy his songs and flow along with his captivating performance.

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Charles Osuji: Canada Celebrates a Legal Wizard

Published

1 week ago

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September 30, 2024

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By Eric Elezuo

From a very humble beginning in Imo State, South East Nigeria, Charles Osuji has not only found the golden fleece, but had nature give him a soft landing on posterity; the evidence of his prolific hard work.

Here’s the story of a man, who transcended boundaries and borders, challenges and huddles as well as barriers to take the legal profession by storm, hitting the highest echelon with panache in far away Calgary, Alberta in Canada. He graduated top of his class with honours from Imo State University in 2009, and called to the Nigerian bar from where he migrated to Canada. He was absorbed into the then Smith Law Office, where he had a successful articling before being admitted into the Alberta Bar in 2014. He became a partner in 2016, and moved to sole ownership in 2017.

Today, Canada celebrates a man of vision, impact, focus, determination and commitment to growth, just as Nigeria walks tall with pride at a total package of dignity, influence, affluence and candor exportable to the global world. His name is Dr. Charles Osuji, the Chief Executive Officer of one of Canada’s most thriving law firm, Osuji & Smith Lawyers. Osuji proved from day one to be a man, who knows what he wants, and it is no accident that he has achieved so much, and yet not rested on any oars. He sits comfortably as the owner of the largest black-owned law firm in Canada.

Osuji’s larger than life achievements have been encapsulated in what most authorities have said and written about him.

In a speech during the welcoming of The Boss Publisher, Chief Dele Momodu, in Calgary the week before, Barrister Juliet Omonigho, has this to say about Dr. Osuji

“Sir, let me tell you a bit about Dr. Charles Osuji; like Chief Dr. Momodu, he embarked on a journey fueled by vision and determination. Charles arrived in Canada and quickly rose through the ranks with sheer hard work, humility, and an unwavering commitment to excellence. In just a few short years, five years to be exact, he went from a young Nigerian boy in his twenties who, though graduated at the top of his class, seemed to have no prospects when he arrived in Canada, working three menial jobs to make ends meet, to finally getting an articling position after over 200 rejections! He bought the firm just three years after Articling and, in just five short years as managing partner, led it to become the largest black-owned law firm in Canada! His story is one of resilience, innovation, courage and the kind of tenacity that transforms dreams into reality.

“Osuji & Smith Lawyers, under Charles’ leadership, mirrors the journey of Ovation International. Both entities began with a vision, faced numerous challenges, achieved feats that had never been achieved before… and ultimately became symbols of success and excellence in their respective fields. Just as Chief Dr. Dele Momodu has become a beacon of pride for Africa in the global media landscape, Dr. Charles Osuji and his firm have become shining examples of what can be achieved by a young immigrant lawyer with no connections in Canada but through hard work and a commitment to uplifting others rise to national recognition in this country.

“Through the Foot in the Door Initiative, FIDI, an organization founded to empower internally trained lawyers Charles, our firm’s reach is international, giving incredible opportunities to internationally trained lawyers around the world to gain legal experience so they do not have to spend years writing hundreds of applications as he did before getting a foot in the door into a legal profession.

“As a director of the program, we get contacted by lawyers from around the world about the opportunity to be part of the initiative, and we say yes, which gives them the confidence to move to Canada to pursue their legal careers. The impact of the FIDI innovation is truly global.

“Our firm is so successful because Charles has assembled an incredible team of legal minds producing first-class work and the most dedicated and brilliant administrative staff. And collectively, we are all determined and dedicated to giving back. We are a full-service law firm with a diverse staff that speaks over 31 languages; by the way, Chief Momodu, we know you are a linguist who speaks several languages. Our ages range from twenties to seventies, and we serve a diverse Canada.

“As a result of Charles’ leadership, Nigeria is uplifting others regardless of race, ethnicity, or nationality. Over 200 FIDI students from different races have passed through our doors. Osuji & Smith has won landmark cases that established precedents, especially in employment law.

“Our firm has won over 105 awards across Canada, and Charles was recognized as one of Canada’s 25 most influential lawyers at age 35.

“Chief Dr. Momodu, you have led the way, setting an incredible example for a person like Dr. Charles Osuji—to rise to remarkable heights while keeping your focus on a larger mission: showcasing excellence, rewriting narratives, and creating opportunities for others. Your story continues to impact us even in the diaspora. It reminds us that with vision, determination, and the courage to stand for something greater than ourselves, there are no limits to what we can achieve.”

For a gentleman, who moved to Canada in 2011, it is quite impressive how he has climbed the ladders of success, and settled at the very height of greatness.

OF CHARLES OSUJI AND OSUJI & SMITH LAWYERS

By the age of 30, Charles Osuji, an internationally trained lawyer from Nigeria, bought a 37-year-old firm wherein he had served as an articling student not long before. Today, Osuji & Smith is a thriving small-sized firm that offers multi-generational and multi-cultural perspectives to its client base. The firm’s diverse staff includes lawyers who are educated or trained abroad, as well as individuals who can speak English, Igbo, Mandarin, Cantonese, Bengali, Spanish, Japanese, Korean, French, Hindi, Punjabi and Urdu. Professionals at Osuji & Smith can bring their diverse legal, financial and lived experiences to the table, which is what sets the firm apart from others.

Charles Osuji acts as a role model for young professionals and as a mentor to the associate lawyers, articling students and legal assistants at the firm. For these reasons, Three Best Rated has consistently named Osuji & Smith, beginning in 2017, as one of the top-rated employment and business firms in Calgary.

Also on the endless list of those, who have one or two things to say about Osuji is the site LEXPERT Business of Law, who wrote in 2021 as follows:

In 2011, Charles Osuji uprooted himself — and his developing legal career — to move to Calgary from Nigeria. An internationally trained lawyer, he came to Canada knowing he’d have to become re-accredited and develop a new network of personal and professional colleagues — but Osuji wasn’t daunted by these challenges. He joined what is now Osuji & Smith Lawyers in 2013 as an articling student, was called to the Alberta Bar in 2014, became partner at the firm in 2016 and then, at the age of 31, made another bold move: he became sole owner of the firm. At an age when most lawyers are still preoccupied with learning their craft, Osuji stands at the helm of a thriving and fast rising small-sized law firm as managing partner and CEO.

Osuji was recently named one of Canadian Lawyer’s Top 25 Most Influential Lawyers; was recognized in both Canada and Avenue Calgary’s Top 40 Under 40 Award categoryies; won the Immigrant of Distinction — Achievement Under 35 Award from Immigrant Services Calgary; was recently recognized, and voted by his fellow lawyers across Canada, in Best Lawyers: Ones to Watch, 2022, for his outstanding professional excellence in private practice; and was a nominee for the Canadian Bar Association’s 2020 Douglas Miller Rising Star Award.

Osuji & Smith covers a number of areas of law including personal injury, immigration, civil litigation, business, wills and estate, real estate, family, and employment and labour. Clients, which represent a cross-section of Alberta businesses and individuals, benefit from the firm’s multi-generational and multi-cultural perspectives, and Osuji’s willingness to provide these different perspectives sets his firm apart in the Calgary market. He strives to bring an entrepreneurial, multi-cultural and holistic approach to the practice of law.

Osuji is dedicated to providing mentoring and leadership for his staff and is also “a volunteer extraordinaire.” He plays piano at his church, provides pro bono work such as with E-Fry and legal clinics and is a mentor for other newcomer professionals through the Calgary Region Immigrant Employment Counsel, where he participates in workshops and panel conversations as well as serves on the Board of Directors and as Secretary.

Despite his fast and furious rise in the Canadian legal community, Osuji remains humble, genuine and kind. His unique combination of high intellect, tireless work ethic and business acumen fuels this rising star, but Osuji remains grounded by his role as a model citizen for all young professionals.

A multi-award-winning lawyer across divides, Charles Osuji remains undaunted, churning out firsts after first.

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