Osinbajo Swears in Justice Onnoghen as CJN

Image

By Dipo Olowookere

Acting President, Mr Yemi Osinbajo, on Tuesday, March 7, 2017, sworn-in Justice Walter Onnoghen as the new Chief Justice of Nigeria (CJN).

The ceremony was witnessed by some top government functionaries as well as the Senate President, Mr Bukola Saraki.

The Acting President charged the new CJN to use his position to bring about the needed reforms in the judiciary, saying his appointment came at a very crucial time.

He said the Federal Government was looking forward to Justice Onnoghen’s tenure as CJN to help revive and sustain the people’s confidence in the judiciary and the two other arms of government; the executive and legislature.

According to Mr Osinbajo, President Muhammadu Buhari, who is presently away in London for medical vacation, asked him to let the new CJN know that he was assuming office at a time when all arms of government suffer from loss of confidence from the people.

In his remarks, the new CJN expressed his commitment to continue to keep to his oath of office and solicited the cooperation of all Nigerians.

He also said his total loyalty was with the Federal Republic of Nigeria, but emphasised that the key to achieving good governance in Nigeria lied in respecting the rule of law.

Justice Onnoghen is now the 17th Chief Justice of Nigeria.

At his swearing in today, held inside the council chambers of Aso Rock Presidential Villa, Abuja, the Acting President bestowed him with the Grand Commander of the Niger (GCON) award.

Mr Onnoghen hails from Cross River State and was first appointed by President Muhammadu Buhari as acting CJN on November 10, 2016 after the retirement of former CJN, Mahmoud Mohammed.

His name was sent to the National Assembly by the Acting President for confirmation as substantive CJN on February 8 and on March 1, he was screened and confirmed by the Senate.

Share
Related Stories
Image
29-February-2024

Adesina to Receive Prestigious Obafemi Awolowo Prize for Leadership

By Ichie Enyi Ejike Umunnabuike Jr Come March 6, 2024, the Lagos Continental Hotel will host an unforgettable occasion when the President of the African Development Bank (AfDB), Mr Akinwumi Ayodeji Adesina, will be formally honoured and presented with the distinguished Obafemi Awolowo Prize for Leadership 2023. The Obafemi Awolowo Prize for Leadership was first announced in December 2012, with the official award ceremony held on March 6, 2013. Before Mr Adesina was announced as its fourth recipient, three other distinguished personalities had been conferred with the prestigious award – Noble Laureate, Prof. Wole Soyinka; former South African President, Thabo

Image
26-February-2024

Excitement as Tinubu Commissions Geometric Power Plant

By Aduragbemi Omiyale The city of Aba in Abia State is beaming with excitement as President Bola Tinubu is expected to commission the Geometric power plant today, Monday, February 26, 2024. The facility is the first integrated power plant in Nigeria. It is situated in the Osisioma Industrial area of Aba. It is expected to provide 24-hour electricity to the city and about nine of the 17 local government areas of the state. The 181-megawatt Geometric power plant cost about $800 million and was done by a former Minister of Power, Mr Barth Nnaji. Electricity from the plant will be

Image
26-February-2024

Tinubu to Implement Oronsaye Report on Leaner Government

By Adedapo Adesanya President Bola Tinubu has resolved to implement the Stephen Oronsaye report that called for a leaner government by merging some ministries, departments, and agencies (MDAs) and scrapping some others 12 years after it was suggested. The President’s decision was announced by a presidential spokesperson, Mr Bayo Onanuga, in a post on X. “Twelve years after the Steve Oronsaye panel submitted its report on restructuring and rationalizing federal government parastatals and agencies and a white paper issued two years after, President Tinubu and the Federal Executive Council today decided to implement the report,” Mr Onanuga wrote. “Many agencies

Image
29-February-2024

Silence Laboratories Raises $4.1m for Privacy-Preserving Computing

By Adedapo Adesanya Silence Laboratories has announced securing $4.1 million in funding to enable privacy-preserving collaborative computing led by Pi Ventures and Anurag Arjun, along with several prominent angel investors. In a statement shared with Business Post, the company said with the market for privacy-enhancing technologies (PETs) growing globally at a compound annual growth rate of 26.6 per cent, there is growing demand. In recognition of this, Silence Laboratories is offering to provide mathematical guarantees for techno-legal expectations as part of a mission to create infrastructure to enable complex data collaborations between enterprises and entities, without any sensitive information being

More Stories
Image
15-March-2023

Nigeria’s February Inflation Jumps 21.91% on Hike in Rent, Food

By Adedapo Adesanya Nigeria’s inflation showed no signs of slowing in February amid a cash crunch, as it rose by 21.91 per cent compared to January 2023 headline inflation rate of 21.82 per cent. Looking at the trend, the February 2023 inflation rate showed an increase of 0.09 per cent points when compared to January 2023 headline inflation rate. Similarly, on a year-on-year basis, the headline inflation rate was 6.21 per cent higher than the 15.70 per cent achieved in February 2022. This shows that the headline inflation rate (year-on-year basis) increased in February 2023 when compared to the same

Image
31-July-2018

Analysts Forecasts Rise in FGN Bond Prices This Week

By Modupe Gbadeyanka Prices of FGN bond are expected to increase this week at the OTC market with corresponding decrease in yields. This is according to analysts at Cowry Asset, who said the rise in the bond prices would occur amid expected ease in financial system liquidity. Last week, FGN bonds traded at the over-the-counter (OTC) segment depreciated in value for most maturities tracked on renewed sell pressure as investors sold their investments in the secondary market for higher stop rates in the primary market: the 20-year, 10 percent FGN JULY 2030 debt; the 7-year, 16.00 percent FGN JUN 2019

Image
30-December-2021

NASD OTC Exchange Gains 0.89% on Fresh Buying Appetite

By Adedapo Adesanya There was a fresh buying appetite on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, triggering a 0.89 per cent growth at the close of transactions. It was a return to the market after a two-day break to celebrate Christmas as the NASD OTC exchange was closed on Monday and Tuesday (December 27 and 28). Yesterday, the volume of shares transacted by investors increased significantly by 37,615.3 per cent to 50.4 million units from the 133,621 units traded at the last trading session, which was last Friday. Also, the value of shares transacted by

Image
06-October-2023

Ilobu/Ifon Clash: Osun Government Takes Over Disputed Land

By Precious Olisa The Osun State Government has taken over the disputed land between Ilobu and Ifon communities of the state. The two communities, which share a boundary, have been at loggerheads over a piece of land, leading to the death of at least eight persons on Thursday, including a baby. The Governor of the state, Mr Ademola Adeleke, said the land would now be under the control of the state government. He confirmed this at a public enlightenment programme, Ipade Imole, organised by his administration. “I have given a directive that nobody should be seen on the disputed land.

Image
14-June-2019

Nigeria Suffers 43% Drop in Foreign Investment Inflows

By Modupe Gbadeyanka The value of foreign direct investment in Nigeria declined by 43 percent to $2 billion in 2018, a report by the United Nations has revealed. The report attributed the decrease in FDI to Nigeria to a dispute between the government and South African telecom giant MTN over repatriated profits. According to the UN, this issue made foreign investors have second thoughts about putting their hard-earned money in the country, which is Africa’s top oil producer. The bank also said investors may have decided to look elsewhere for investment in Africa as a result of global financial giants,

Image
10-March-2020

An Online Marketplace Engendering Gender Equality

By Ayomide Oriade From the clamour for girl-child education and women empowerment in Africa, to the relaxation of age-long social construct against women even in the Arab world, the need to give women more room for social engagement and growth is making the headline. And it’s safe to say that there has never been a better time to be a woman than in the 21st century. Globally, the year 2020 is pivotal for advancing gender equality, as the global community takes stock of progress made for women’s rights since the adoption of the Beijing Platform for Action in 1995. Communities

Image
12-May-2019

All Seasons Zenith Wins Nestlé Nigeria Account

By Dipo Olowookere After a long pitch process involving three prominent media buying agencies in Nigeria, All Seasons Zenith, a member of the Insight Redefini Group, has emerged the preferred company to handle the Nestlé Nigeria account. Nestlé Nigeria Plc is one of the largest food and beverage companies in Africa and for over 57 years, the company has been delighting consumers in Nigeria with high quality nutritious food products. The notable company boasts of several iconic brands like Maggi, Milo, Golden Morn, Nescafé and Nestlé Pure Life. Announcing the addition of Nestlé Nigeria to its portfolio, the Chief Operating

Image
02-February-2017

Ambode Okays Contracts to Renovate 174 Classrooms

By Modupe Gbadeyanka Governor Akinwunmi Ambode of Lagos State on Thursday said his administration has awarded contract for the construction of eight new blocks of classrooms as well as the renovation of 174 existing blocks of classrooms and the construction of perimeter fence in various schools to enhance security. The Governor, who spoke at the Foundation Laying ceremony of the New Model School in Awori College, Ojo, said the government has also commenced the supply of over 40,000 students’ furniture on a quarterly basis to clear the identified shortfall of 160,000. Governor Ambode, who was represented at the ceremony by

Ad
Ad
Recent Stories
Image
29-February-2024

Africa Beyond Russia’s Grains Partnerships

By Kestér Kenn Klomegâh Until sustainable food security is established through modernizing agriculture and ensuring adequate support for local farmers, Russia’s grain supply would be a soft geostrategic bait (i) to reinforce the existing time-tested relationships with Africa and (ii) to solicit an endorsement for the unprovoked war in Ukraine. In a speech delivered on March 20, 2023, during the interparliamentary conference ‘Russia-Africa’ held in Moscow, President Vladimir Putin described six African countries as the least developed and poorest in the world that are urgently in need grains, alternatively referred to as humanitarian aid, to feed its population. The beneficiary

Image
29-February-2024

MasterCard, MTN Partner to Boost Digital Commerce, Payments

By Aduragbemi Omiyale A partnership aimed at driving acceleration of the mobile money ecosystem in Africa across 13 markets has been entered into between Mastercard and MTN Group Fintech. This is coming shortly after the payments giant completed the purchase of a minority stake in the telecommunications company. The deal will see Mastercard giving a prepaid virtual card tailored for MTN’s MoMo customers, granting them access to over 100 million acceptance points worldwide. Additionally, it will empower MoMo merchants to seamlessly accept card payments, enhancing the platform’s instant cross-border money remittance services and capabilities. Further, Mastercard will use its cutting-edge

Image
29-February-2024

Adesina to Receive Prestigious Obafemi Awolowo Prize for Leadership

By Ichie Enyi Ejike Umunnabuike Jr Come March 6, 2024, the Lagos Continental Hotel will host an unforgettable occasion when the President of the African Development Bank (AfDB), Mr Akinwumi Ayodeji Adesina, will be formally honoured and presented with the distinguished Obafemi Awolowo Prize for Leadership 2023. The Obafemi Awolowo Prize for Leadership was first announced in December 2012, with the official award ceremony held on March 6, 2013. Before Mr Adesina was announced as its fourth recipient, three other distinguished personalities had been conferred with the prestigious award – Noble Laureate, Prof. Wole Soyinka; former South African President, Thabo

Image
29-February-2024

Exploring Diverse and Evolving Sounds of Africa

Africa’s music scene is a sonic melting pot, where rhythms collide and cultures connect. It’s a universal language, a force that breaks boundaries and fuels the soul. This sonic tapestry isn’t just diverse – it’s explosive. Afrobeats and Amapiano own the spotlight right now. Those irresistible Afrobeats hooks? They’ve got the whole world dancing. And Amapiano’s hypnotic blend of South African house and street sounds? It’s straight-up addictive. Mainstream African artists are pushing the boundaries like no one else, taking Amapiano and running with it. They’re injecting their fire, creating a whole new flavour. This is proof that African music

Image
29-February-2024

Nigeria Needs Policies that Prioritize Economic Recovery—Peter Obi

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi, has raised concerns over the recent decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR) to 22.5 per cent and the Cash Reserve Ratio (CRR) to 45 per cent. Mr Obi warned that this move is likely to worsen the ongoing economic challenges faced by many Nigerian households, and emphasized the need for policies that prioritize economic recovery. In a statement issued via X (formerly Twitter), the businessman and former

Image
29-February-2024

Silence Laboratories Raises $4.1m for Privacy-Preserving Computing

By Adedapo Adesanya Silence Laboratories has announced securing $4.1 million in funding to enable privacy-preserving collaborative computing led by Pi Ventures and Anurag Arjun, along with several prominent angel investors. In a statement shared with Business Post, the company said with the market for privacy-enhancing technologies (PETs) growing globally at a compound annual growth rate of 26.6 per cent, there is growing demand. In recognition of this, Silence Laboratories is offering to provide mathematical guarantees for techno-legal expectations as part of a mission to create infrastructure to enable complex data collaborations between enterprises and entities, without any sensitive information being

Image
29-February-2024

MainOne Stretches Submarine Cable to Akwa Ibom

By Modupe Gbadeyanka A submarine cable spanning 45,000km in length known as 2Africa has been landed in Akwa Ibom State by MainOne, an Equinix company. It is one of the world’s largest subsea cable projects and will interconnect Europe, Asia, and Africa, with a design capacity of up to 180Tbps. The cable is the first and only submarine cable system in Nigeria outside of Lagos, and it marks a significant milestone in enhancing broadband connectivity and driving economic development in the South-South, South-East and North-Central regions of Nigeria. The significance of 2Africa lies in its capacity to address critical internet

Image
29-February-2024

Russia, Mali Review Military Partnership

By Kestér Kenn Klomegâh  Russian Foreign Minister Sergey Lavrov has offered an increased military partnership during the latest bilateral talks held on February 28, 2024, with his Malian counterpart Abdoulaye Diop in Moscow. The significance of Russian support is directed at fighting terrorism and enhancing the combat effectiveness of the Malian army and law enforcement agencies, including the training of soldiers and police officers The interim military government has maintained a well-developed multifaceted nature of bilateral relations with Russia since the military ascended into political power. Russian leader Vladimir Putin and Mali’s Interim President Assimi Goita on the sidelines of

Image
29-February-2024

Anthropics Unveils Zyler Virtual Try-On for Menswear

By Modupe Gbadeyanka One of the global leaders in virtual fashion try-on technology, Anthropics, has moved to transform the future of online shopping with the introduction of the Zyler Virtual Try-On for menswear. The new initiative will improve the way consumers shop for clothes, providing a realistic virtual try-on experience. With it, customers can upload a headshot, enter some measurements, and then see themselves on the screen wearing the outfit. Powered by the latest research in Artificial Intelligence, Zyler creates a lifelike virtual representation of the user, allowing them to see how different garments fit and look on their unique

Image
29-February-2024

Aradel Holdings, CSCS, FrieslandCampina Sink NASD Exchange by 0.79%

By Adedapo Adesanya Profit taking in the trio of Aradel Holdings Plc, Central Securities Clearing System (CSCS) Plc, and FrieslandCampina Wamco Nigeria Plc made the NASD Over-the-Counter (OTC) Securities Exchange close the midweek session further in the red territory on February 28 by 0.79 per cent. Aradel Holdings Plc lost N20.50 to close at N2,500.00 per share compared with the previous day’s N2,520.50 per share, CSCS Plc depreciated by N1.35 to end the day at N18.65 per unit versus the N20.00 per unit it was traded on Tuesday, and FrieslandCampina Wamco Plc declined by 63 Kobo to N70.25 per share