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Shettima Canvasses Judicial Support for Capital Market Growth

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By Tony Obiechina, Abuja

Vice President, Kashim Shettima has solicited the support of the Judiciary to grow the capital market through the delivery of verdicts that are well-reasoned, timely and technically sound.

Shettima, who stated this at the opening of a two-day Judges’ Workshop organized by the Securities and Exchange Commission (SEC) in Abuja noted that such verdicts would send a strong positive signal to the market, enhancing confidence and attracting capital.

The workshop had the theme: “Repositioning the Nigerian Capital Market for National Economic Transformation through Effective Dispute Resolution”.

Shettima, who was represented by the Special Adviser to the President on Economic Affairs (Office of the Vice President), Dr.

Tope Fasua, described the capital market as the life-blood of any modern economy.

He observed that conversely, delays, inconsistencies, or a lack of specialized understanding by the judiciary can inadvertently create systemic risks and deter investment into the capital market.

He noted that the theme of the workshop is not merely a topic for discussion but a clarion call, “a strategic imperative that resonates deeply with the economic agenda of this administration. It underscores the undeniable truth that a robust, efficient, and trustworthy capital market is the bedrock upon which sustainable national economic transformation can be built”.

He pointed out that trust is critical to attracting investments into the market, stressing that “investors, whether local or international, institutional or retail, will only commit their hard-earned capital where they are confident that their investments are secure, that transactions are transparent, and that their rights are protected. This confidence is built on a foundation of strong regulatory frameworks, efficient market operations, and, crucially, an effective and impartial system of dispute resolution”.

While acknowledging that disputes in the market arising from contractual breaches, market manipulation, insider trading, corporate governance infractions, or disagreements over interpretation of securities laws, was inevitable, resolving them swiftly, fairly, and expertly was critical to market growth.

In his address, the Chief Justice of Nigeria, Honourable Justice Kudirat Kekere-Ekun said the capital market was no longer a distant abstraction limited to high finance or institutional investors but has become a critical level of economic participation and empowerment.

Represented by Justice of the Supreme Court, Hon. Justice Stephen Adah, Kekere-Ekun observed that like all vital systems, the capital market was also vulnerable.

Earlier, the Director General, Securities and Exchange Commission, Dr Emomotimi Agama said the workshop was part of the Commission’s effort to engage the judiciary in all aspects of capital market operations following the enactment of the Investment and Securities Act (ISA) 2025.

The Chairman, Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede disclosed that the Commission has recently charged 58 unlicensed businesses operating pyramid schemes in Nigeria with two convictions secured.  

Olukoyede harped on the importance of updating the knowledge and understanding of the judiciary given the constant changes in the operation of the capital market space including the trading of digital assets.

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Eight Students Die, Three Injure in Jos Road Crash

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From Jude Dangwam, Jos

The Vice Chancellor of the University of Jos, Prof. Ishaya Tanko has confirmed the sad death of 8 students of the University to a road crash involving their Toyota bus with a truck in the metropolitan city of Jos.

He disclosed that one of the students was being prepared for surgery in the early hours of Thursday at the Jos University Teaching Hospital while others were receiving medication at the Bingham Teaching Hospital.

The Federal Road Safety Corps (FRSC) Plateau State Command disclosed that the accident occurred opposite Unity Bank Zaria Road, Jos, at around 2:30 am.

The Plateau State Sector Commander of the Corps, Olajide Mogaji explained that seven people lost their lives on the spot, while another victim died in hospital, bringing the total number of fatalities to eight.

According to the Command’s statement, the crash involved a trailer and a bus, which was carrying eleven passengers, all male students of the University of Jos, opposite Unity Bank Zaria Road, Jos, at around 2:30 am.

Mogaji said eyewitness accounts revealed to the corps emergency teams that the bus was speeding and engaged in wrongful overtaking, leading to the loss of control and the crash.

The Sector Commander has appealed to drivers to avoid night trips, excessive speed, and dangerous driving, saying, “The government needs you alive, and wants you to live life to the fullest in this festive season and beyond.”

The FRSC noted that the incident is still under investigation, while urging the public to report crashes or road emergencies to their toll-free emergency number 122 at all times for prompt responses.

The victims were said to have been coming back from a welcome special party for new students when the unfortunate incident occurred with the vehicle carrying the male students while the other vehicle carrying the female students escaped the tragedy.

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UNICEF Hails Bayelsa as Champion of Primary Healthcare Devt in Nigeria

From Mike Tayese, Yenagoa

The United Nations Children’s Fund (UNICEF) has commended the Bayelsa State Government for its deliberate efforts at improving primary healthcare delivery, especially in the area of immunization in recent years.

The Country Representative of UNICEF in Nigeria, Wafaa Saeed, gave the commendation, on Wednesday, when she led a delegation on a courtesy visit to Government House, Yenagoa.

Saeed said what she saw during her visit to some health facilities and her random interactions with some mothers in the state, corroborated the positive reports UNICEF has been receiving about Bayelsa in terms of immunization.

The special UN envoy, who described Bayelsa as champion of healthcare delivery and a shining spot in the country, noted that the state has achieved an impressive performance in its immunization indices from 2021 to date.

She attributed the improvement in the health indicators of the state to purposeful leadership, commitment and accountability being provided by the present administration.

While assuring the Bayelsa of UNICEF’s readiness for collaboration to improve nutrition for children as well as unlock resources for healthcare development in the state, the Country Rep, however, urged the Governor Douye Diri-led administration to sustain its efforts in the health sector.

She said, “We are really impressed with what Bayelsa is doing… Bayelsa State has also committed its financing of immunization campaigns from the state budget, and a special one (immunization) in-between.

“Also there is a monthly allowance and support you have continued to give from GAVI. These are some of the things that have really increased the number of immunized children and improved the performance of the state.

“In 2021, the number of children not immunized in Bayelsa was 71 percent; that means seven out of ten kids were not immunized. But between then and now, there is a big difference due to the leadership, commitment and accountability we are seeing in Bayelsa State.

“You have been a champion of primary healthcare and a champion of immunization. And I really look to have Bayelsa not only a champion of states in Nigeria but in our continent and the globe.”

In a response, Governor Douye Diri represented by his deputy, Senator Lawrence Ewhrudjakpo, reaffirmed the determination of his administration to prioritize investments in the health sector.

He said plans were underway to review the state primary healthcare board law with a view to not only sustaining the extant primary healthcare funding model but also expanding it through effective private sector contributions, especially from corporate organizations operating in the state.

Diri thanked the Country Rep, Ms Wafaa Saeed, for her kind words of encouragement and also acknowledged the support of UNICEF, WHO, Bill Gate, Dangote Foundation and other development partners, noting that Bayelsa could not have recorded its present achievements in the health sector without their collaboration.

His words: “We also want to thank you profusely for supporting our programme. We thank UNICEF, the WHO, Bill Gate Foundation, Dangote Foundation and others for your support. We really appreciate what you have done for our state.

“As a government, we know where we are going. A man who knows where he is going cannot be misled. We are focused and will continue to redouble our efforts in the health sector.

“You talked about sustainability. That is very important to us, and so, we are looking at the principal law, which is the Primary Healthcare Development Board Law. We are looking at some areas of that law to bind the hands of whoever that comes after us.

“That is to ensure that even if the administration after us will not have the motivation and passion to provide leadership for primary healthcare like the present governor is doing, the law will compel them to do so.”

The UNICEF Country Representative was accompanied on the visit by the Chief of Field Service, Judith Leville, UNICEF Health Consultant, Dr. Makio Perekeme, the Chief Field Officer, Anselm Audu and a health specialist, Eghe Abe, among others.

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Mutfwang Pledges Support for Minister of Defence in Fight against Insecurity

From Jude Dangwam, Jos

Plateau State Governor, Caleb Mutfwang, has paid a courtesy visit to the newly appointed Minister of Defence, Gen. Christopher Gwabin Musa (Rtd), assuring him of his total and unwavering support in the collective effort to defeat insecurity in Plateau State and across Nigeria.

The Director of Press and Public Affairs to the Governor, Gyang Bere on Thursday disclosed that the Governor has expressed delight over Gen.

Musa’s appointment, describing it as a “strategic and timely decision” in confronting the country’s intricate and evolving security challenges.

Mutfwang noted that the Minister’s vast experience and proven professionalism would significantly strengthen ongoing national security interventions.

“We must now focus on finding solutions to the challenges confronting us. Whatever has happened in the past should not deter us. The time has come for all of us to join hands and holistically address our security concerns,” Mutfwang emphasized.

The Governor reiterated his support for the establishment of State Police, acknowledging concerns about possible abuses, but stressing that the nation must collectively develop safeguards and ensure operational efficiency.

Gen. Christopher Musa expressed gratitude for the Governor’s visit, assuring him of a robust and productive collaboration in addressing security concerns in Plateau State and the country at large.

He commended Governor Mutfwang for hosting the Plateau Unity Christmas Carols and Praise Festival, describing it as a unifying initiative.

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