By Modupe Gbadeyanka
Vice President, Professor Yemi Osinbajo, on Monday identified delay in the administration of justice as a major challenge that must be jointly tackled by all relevant stakeholders in the justice sector, just as he urged judges, lawyers and others to change their attitudes and stand up for what is right.
Speaking at the opening ceremony of a two-day Stakeholder’s Summit organized by the Lagos State Ministry of Justice at the Convention Centre of Eko Hotels and Suites in Lagos, Mr Osinbajo, a Senior Advocate of Nigeria (SAN), said stakeholders in the administration of justice must now begin to take the issue of delay more seriously and shun all forms of delay tactics.
Mr Osinbajo, who was the keynote speaker at the summit with the theme: “Contemporary Trends: Catalysts For Justice Sector Reform in Lagos State,” called on the judiciary, as a way out of the problem, to embrace day-to-day system for trials and heavy punishment for deliberate act of delay aimed at stalling cases.
The Vice President, who was represented by the Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), said it was also important for the judiciary to introduce significant costs for delay occasioned especially by lateness, ill-preparedness or deliberate tactics.
While alluding to plethora of statistics and judicial decisions especially a 2014 English Court of Appeal judgment where it was stated that ‘cases take up to a generation to be resolved in Nigeria occasioned by catastrophic delays,’ Mr Osinbajo said stakeholders must now resolve to address the issue of delay once and for all in the collective interest of all.
He took a swipe at some judges who would not sit on time and rise early and lawyers who file frivolous applications and employ other delay tactics as well as shoddy police investigation, and admonish them to desist from such.
“If we can agree that these problems are against our collective interests as practitioners and stakeholders, then we must make a firm commitment to tackle the problems by changing our attitude and standing up for what is right,” Mr Osinbajo said.
Speaking on the summit, the Vice President said Lagos State had a general reputation for trailblazing reforms in the justice sector and in many other sectors in Nigeria and beyond, adding that the summit, which is aimed at further initiating reforms in conformity with modern trends, was another testament of the fact that the reputation of the State was being taken seriously by the current administration ably led by Governor Akinwunmi Ambode.
He said even though Nigeria was just clawing its way out of recession, it was gratifying that the State Government deemed it important to invest in the summit to address some of the institutional challenges preventing the country from developing a first-class justice system in its commercial nerve centre.
In his address, Lagos State Governor, Mr Akinwunmi Ambode said for any nation to experience economic growth, it must first have a functional judicial system that would not only encourage local and foreign investors to invest in, but also guarantee conducive environment for such businesses to thrive.
Governor Ambode said experience over the years has shown that societies with equal and unhindered access to justice have a better environment for economic growth and poverty alleviation than those that do not.
This, he said, prompted his administration to prioritise justice and security reforms, not only to maintain law and order, but basically to carry out the various developmental projects that would make Lagos safer and more prosperous.
“As a government, we are well aware that to achieve our socio-economic goals of a safer, secured, peaceful and more prosperous Lagos State, we need a functioning justice sector, which guarantees not only the maintenance of law and order, the enforcement of human rights and freedom, but also provides an administration of justice ambience that protects investments and encourages economic development.
He listed some of the major challenges currently being faced by investors and entrepreneurs include the ease and cost of doing business and over regulation of business processes, saying that the Summit was not only timely but a veritable platform for experts to proffer solutions.
“We are mindful of the need to attract foreign investment, and public private investment, especially in the area of provision of infrastructure. No economy can develop without sustained infrastructural development. I firmly believe that discussions around all these issues are pertinent for this august gathering,” the Governor said.
Besides, Governor Ambode said his government was working round the clock to ensure a system where all justice institutions in the State are fully automated, alluding to the fact that global strides in commerce and information technology have transformed the world into a global village.
“One of our top priorities is to leave behind a legacy of a 21st century justice sector driven by digital technology and powered by digital literate judicial officers and legal services providers,” he said.
One of such technologies being put in place, Governor Ambode said, was the Lagos State DNA Laboratory to process DNA evidence, just as he expressed optimism that it would serve as a powerful criminal justice tool in prosecuting the guilty and exonerating the innocent.
“This will also act as deterrence to criminals whose DNA data are in the DNA database, ultimately, playing a key role in the systematic reduction of crime in our State,” Governor Ambode said.
Eaton Calls for Stoppage of Sulphur Hexafluoride Gas
By Adedapo Adesanya
Leading power management company, Eaton Nigeria, has advocated the regulation of sulphur hexafluoride (SF6) gas usage in electrical power distribution networks.
This call was made during the company’s Power & Water Nigeria Exhibition and Conference 2022, an event that connects the Nigerian utility industry.
The event which was organised by Vertex Global services saw the participation of experts and exhibitors from over 20 countries.
The gathering enabled global stakeholders to access engaging technical discussions, on-the-spot assessment of the region’s opportunities in power generation, distribution, renewables, and water & utility sectors; as well as exhibitions from leading local and international suppliers.
During his presentation on the topic, A Call to Action on the ‘dirtiest’ greenhouse gas in clean energy, Mr Charles Iyo, Regional Sales Manager Eaton West Africa said “Sulphur hexafluoride gas which is used in the production of most switchgears remains one of the world’s potent greenhouse gases that adversely affect the environment. 1kg of SF6 is equivalent to 23,500 Kg of CO2 in global warming potential, and each unit of switchgear is estimated to use 2.5 kg of SF6 gas; which makes it devastatingly dangerous to the climate.”
“Government in Africa, especially Nigeria needs to take proactive measures such as implementing new regulations to ban the use of SF6 Gas in switchgear production. Also, regulatory bodies and industry stakeholders need to collaborate and elevate industry practice and policies to implement the use of SF6 free technology thereby creating a safe and sustainable future,” he added.
Mr Iyo further highlighted SF6-free alternatives that could positively combat climate change, saying the adoption of vacuum technology is considered a safe, compact and reliable alternative to SF6 gas in the production of switchgears.
Eaton has been at the forefront of advocating the elimination of SF6 gas globally. The power management company pioneered SF₆ free medium voltage switchgear production in 1960 with Magnefix, a compact solution for distribution system operators.
The various range of SF6 free switchgears are produced with environmentally friendly technology in comparison with the methods used by many other suppliers, which use SF6 as insulation gas.
OVH Energy Rewards Distributors for Outstanding Performance
By Adedapo Adesanya
Leading supplier and distributor of refined petroleum products, OVH Energy Marketing, has rewarded its top-performing lubricant distributors for their outstanding performance at a presentation ceremony held in Lagos.
During the presentation ceremony which happened at Aspamda Market, two qualified distributors who each sold over 1 million litres of lubricants were recognized in line with the management’s commitment to award deserving distributors.
Chucorl Nigeria Limited and Ade De Young Auto Limited, who met and exceeded the set target in the distribution of OLEUM lubricants, were awarded OLEUM branded trucks at the ceremony.
Speaking at the event, the Chief Executive Officer, OVH Energy Marketing, Huub Stokman posited that the ceremony was organized to reward top-performing distributors as well as inspire others through their exemplary feats.
“Our distinctive progress as the leading downstream oil and gas company is built on the commendable dedication and support of our partners as well as the contributions of our staff. I applaud the awardees and other OLEUM distributors for their diligence and resourcefulness in making sure that the OLEUM range of lubricants remains a market leader,” he said.
“Oleum is a product made in Nigeria, by Nigerians, for Nigerians. Our dream is to formulate the best lubricant available in the Nigerian market at a very affordable price. The hard work of our partners continues to contribute immensely to the growth of the organization and for that we are thankful,” he continued.
Commenting at the presentation ceremony, Mr Lateef Adeleke, owner Ade De Young Auto Ltd., an awardee said “I appreciate the company for this initiative to reward distributors with branded trucks. Rewarding deserving distributors with the branded trucks is a thoughtful initiative from OVH Energy Marketing.”
On his part, Mr Oliver Jacob, CEO Chucorl Oil and Gas Limited said “This acknowledgement from OVH Energy Marketing is indeed an incentive to do even more. The trucks will be valuable in strengthening our supply chain and meeting our increasing consumer demand.”
In recent years, OVH Energy Marketing has embarked on diverse empowerment initiatives such as the OLEUM Academy and the Mechanic Oleum Reseller Enterprise Initiative.
OLEUM academy has impacted over 5,000 individuals nationwide through the provision of automotive mechatronics, lubrication, and entrepreneurship training.
The Mechanic Oleum Reseller Enterprise Initiative is an avenue for auto-technicians to boost their income through the sales of lubricants in their workshop.
Capital Market Can Attract Funds to Solve Nigeria’s Infrastructure Deficiency—Yuguda
By Aduragbemi Omiyale
The Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has again emphasised that the current infrastructure deficiency in Nigeria can be solved with the help of the capital market.
While addressing the new executives of the Chartered Institute of Stockbrokers (CIS) in Abuja over the weekend, he said all that was needed was for the government to partner with the private sector to bridge the infrastructure gap by approaching the capital market for funding.
“We have a huge infrastructural deficit in the country like insufficient power, lack of good roads among others. We want our country to have good infrastructure and I know this is possible with the help of the capital market and other stakeholders.
“It requires adequate planning and financing and we can achieve it as a nation. The capital market through the private sector can fund road construction while the government focuses on other issues,” the SEC DG said, appealing to the relevant stakeholders to cooperate with the agency to achieve this goal.
He also said for the capital market to attain full potential, all stakeholders need to ensure they carry out their functions with integrity and fairness in a bid to restore investor confidence.
Mr Yuguda acknowledged CIS as a key partner in the commission’s regulation of the market, assuring that the SEC would continue to provide the needed support.
“On behalf of the Board and staff. We will give you all possible co-operation you desire to make your job easy. We are here to support this market and make it the market we all desire,” he said.
The SEC boss stated that derivatives trading has commenced for people who want to manage their risk, adding that the SEC is working to increase the literacy of Nigerians so they can take better decisions.
“The future for this country is bright and we have the young population to push it. We can have a much better standard of living than we have now and we hope you will continue to give a lot to the market.
“We are committed to any initiative that will further spur the growth of the capital market. We also have a review of the ISA bill pending at the National Assembly and that bill has a lot that will revitalize this market,” he added.
In his remarks, the President of CIS, Mr Oluwole Adeosun, commended the SEC for the relationship that exists between the Commission and the Institute and thanked the Management for always supporting the organisation.
“Thank you always because you have embraced the institute and made it clear that you desire a very harmonious relationship and we are happy about it.
“You have shown this in your actions since you came into office and we appreciate you for all your efforts, we pray that investors benefit greatly from their investments in the capital market. Thank you for all your support to the CIS Bill,” he said.
The former President of CIS, Mr Olatunde Amolegbe, also thanked the DG for the efforts the management has been making to support the CIS, adding that the institute has been able to function effectively due to the support of the SEC.
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