Banwo & Ighodalo, Crosswrock Law Involved In Keystone Bank Sale

Banwo & Ighodalo, Crosswrock Law Involved In Keystone Bank Sale

The Asset Management Corporation of Nigeria (AMCON) on Monday announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank consortium) as the new investors that have acquired the entire issued and fully paid up ordinary shares of Keystone Bank Limited, formerly BankPHB Plc.

New Lagos Environmental Law In The Best Interest Of All

New Lagos Environmental Law In The Best Interest Of All

The Lagos State Government on Friday assured Lagosians that the new Environmental Protection and Management Law initiated by the Governor Akinwunmi Ambode-led administration was done in the overall interest of all Lagosians to ensure cleaner environment and public health safety in the State.

Babajide Damola: Merit and appointment of appellate justices

Babajide Damola: Merit and appointment of appellate justices

SIR: On its face, the Nigerian Constitution seems to grant serious discretionary powers to the executive over judicial appointments. For instance, section 238 (2) of the 1999 constitution simply provides, in respect of appointment of Justices of the Court of Appeal, that the “appointment of a person to the office of a Justice of the Court of Appeal shall be made by the President on the recommendation of the National Judicial Council.” Subsection 3 of the same section 238 prescribes the qualification of a person seeking appointment as a Justice of the Court of Appeal as follows: