Economy
Sanwo-Olu Sets To Amend Lagos Kingship, Chieftaincy Law
Sanwo-Olu Sets To Amend Lagos Kingship, Chieftaincy Law
Sanwo-Olu sets to amend Lagos kingship, chieftaincy law. The Lagos government stated that the review aimed to modernise the law in line with current realities and promote good governance.
Governor Babajide Sanwo-Olu’s government has commenced a comprehensive review of the Obas and Chiefs Law of 2015 to address gaps in the existing laws.
The attorney general and commissioner for justice, Lawal Pedro, announced this on Wednesday at a stakeholders’ meeting held in Alausa, Ikeja.
Mr Pedro described the review as a deliberate move by Mr Sanwo-Olu’s administration to modernise the law in line with the current realities and good governance.
Mr Pedro lamented the erosion of respect for traditional institutions, blaming it on a combination of misconduct, the proliferation of unverified chieftaincy titles, and prolonged litigation over succession rights.
“Our royal fathers remain symbols of cultural continuity and community leadership. But today, with due respect, the institution is under threat from land grabbing, unlawful upgrades, and chieftaincy titles not rooted in the community’s customs,” he said.
The commissioner added that the review aimed to address gaps in the existing law and redefine the roles of traditional rulers to include conflict resolution, peacekeeping, and partnership in community development.
According to him, the proposed amendments will formally recognise traditional rulers as partners in maintaining law and order, mediating disputes, and conveying government policies to grassroots communities.
“The law must evolve. Our Obas can help reduce crime by mediating disputes, gathering public feedback, and promoting community initiatives.
“Also, there is a need to restore integrity to the process of conferring chieftaincy titles. Only persons of proven honour and community ties should be eligible.
“This process is about partnership, not imposition as we want a law that preserves heritage while promoting justice, peace, and good governance,” he explained.
Many traditional rulers from across Lagos attended the meeting and provided input on the proposed amendment. They unanimously urged the state government to give them one month to study the proposed bill to give quality feedback.
The traditional ruler of Ikorodu, Oba Kabiru Shotobi, called for greater legal clarity on the status of divisional and provincial chieftaincy councils. He urged the Lagos government to take action against individuals falsely claiming to be monarchs.
“We want a clear legal distinction between traditional and provincial councils. We have reported impostors multiple times, yet no action has been taken. This must stop,” he said.
The traditional ruler also objected to any attempt to alter the current leadership structure of the State Council of Obas, which recognises four vice-chairpersons from the state’s four traditional divisions.
He insisted that local Chief Transit Committees should be consulted before any appointments are made at the state level, urging the government to ensure chiefs are not excluded from the ongoing reform.
Mr Shotobi requested one month for traditional rulers to review the draft law and return with coordinated input. He also requested a legal framework to recognise traditional dispute resolutions handled within palaces.
“Our decisions are sometimes ignored in court due to lack of legal backing. We need enabling laws to make our rulings count,” he said.
Earlier in his welcome remarks, the solicitor general and permanent secretary at the Ministry of Justice, Hammed Oyenuga, said the forum presented an opportunity for collaboration among stakeholders in traditional governance.
Lagos Government
“This gathering presents a unique opportunity for robust dialogue, reflection, and collaboration as we seek to strengthen the law that directly impacts our revered traditional institutions and the communities they serve,” he said.
Mr Oyenuga further said that the law must be updated to align with contemporary realities while respecting cultural heritage.
The meeting concluded with a consensus to hold further deliberations within four weeks before submitting the final amendments.
Eid-el-Fitr: NRC Sets To Run Three Lagos–Ibadan Train Trips Monday
Eid-el-Fitr: NRC sets to run three Lagos–Ibadan train trips Monday. He assured passengers of NRC’s continued commitment to safe, reliable, and efficient rail services.
This was contained in a statement issued on Friday in Lagos by NRC chief public relations officer, Callistus Unyimadu.
He said the additional trip was in response to high passenger turnout during the Eid-el-Fitr travel period.
“The extra trip is aimed at easing passenger movement and providing more travel options for commuters returning after the Eid-el-Fitr celebrations.
“Under the schedule, departures from Lagos (Mobolaji Johnson Station, Ebute Metta) will be at 7.45 a.m., 1.40 p.m., and 4.00 p.m.
“From Ibadan (Obafemi Awolowo Station, Moniya), trains will depart at 8.00 a.m., 10.50 a.m., and 4.30 p.m.,” he said.
Mr Unyimadu assured passengers of NRC’s continued commitment to safe, reliable, and efficient rail services.
NRC Sets To Run Three Lagos–Ibadan Train Trips Monday
He advised travellers to arrive early, comply with ticketing and security procedures, and plan their journeys.
“The corporation appreciates the continued patronage of its services and wishes all passengers a safe and pleasant journey,” he added.
UBA, BII Sign Letter Of Intent To Explore Trade Finance Collaboration Across Africa
United Bank for Africa (UK) Limited (“UBA UK”) and British International Investment plc (“BII”), the UK’s development finance institution and impact investor, announced that they have signed a letter of intent to develop trade finance collaboration opportunities.
The proposed initiative aims to expand access to trade and working capital facilities for businesses operating across Africa.
Access to trade finance remains one of the most significant structural constraints on African trade. Businesses, particularly small and medium-sized enterprises, are frequently unable to secure letters of credit, guarantees, and supply chain finance on commercially viable terms, limiting their capacity to export and import competitively. This trade finance gap is estimated by the African Development Bank to be over USD 80 billion annually.
To help close this gap, UBA UK, the London subsidiary of UBA Group, Africa’s Global Bank, will leverage its deep relationships across the Group’s 20-country African network to originate and structure trade finance transactions. While BII, with a mandate to support productive, sustainable, and inclusive growth across Africa, can support transactions that might otherwise fall outside conventional commercial appetite.
“The signing of this letter with BII represents a landmark moment for UBA UK and for the UBA Group’s global ambitions. As the Group’s hub for Trade Operations, UBA UK is uniquely positioned to connect African businesses with the international financial system. Working alongside BII, we can extend that capability further — mobilising capital where it matters most and helping to close the trade finance gap that holds back so much African potential,” said Lok Mishra, Chief Executive Officer, UBA UK
“British International Investment is committed to catalysing private sector growth across Africa, and trade finance is a critical enabler of that growth. We welcome the opportunity to collaborate with UBA Group, whose pan-African network and deep institutional relationships can help advance our ambition to expand access to trade and working capital finance, particularly in frontier markets,” Chris Chijiuitomi, Managing Director and Head of Africa
The announcement builds on growing momentum around intra-African trade facilitated by the African Continental Free Trade Area (AfCFTA), which entered into force in 2021 and represents one of the world’s most significant trade integration initiatives. Both institutions have identified the operationalisation of AfCFTA as a priority catalyst for a trade finance facility, with UBA UK’s network across major AfCFTA economies offering a basis for supporting businesses navigating the emerging continental market.
This also complements the UK Government’s broader engagement with African economic development, including commitments made at the UK-Africa Investment Summit, and reinforces the City of London’s role as a leading international finance centre for Africa-focused capital mobilisation.
Future cooperation remains subject to further assessment, due diligence and the completion of internal approvals by both parties.
ABOUT UNITED BANK FOR AFRICA (UK) LIMITED
UBA UK is the London-based subsidiary of United Bank for Africa Plc, one of Africa’s leading financial institutions with operations across 20 African countries, the United Kingdom, the United States of America, France, and the United Arab Emirates. UBA UK serves as the Group’s hub for Trade Operations, providing a comprehensive suite of trade finance, treasury, and correspondent banking services to institutional and corporate clients worldwide.
UBA
ABOUT UNITED BANK FOR AFRICA GROUP
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.
ABOUT BRITISH INTERNATIONAL INVESTMENT
British International Investment is the UK’s development finance institution and impact investor. The organisation invests in businesses in developing countries to improve people’s lives and help protect the planet. BII’s work targets the underlying causes of poverty and the climate crisis, helping countries break free from aid dependency for good.
Between 2022-2026, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which has raised over $33.6 billion to empower women’s economic development.
The company has investments in over 1,600 businesses across 66 countries and total net assets of £9.87 billion. For more information, visit: www.bii.co.uk | watch here. Follow British International Investment on LinkedIn, Bluesky and X.
Eid-el-Fitr: President Tinubu Felicitates Muslims, Urges Renewed Unity, Patriotism
Eid-el-Fitr: President Tinubu felicitates Muslims, urges renewed unity, patriotism. Mr Tinubu called on Muslims to reflect on the spiritual lessons of Ramadan.
The president urged them to renew commitment to national unity, peaceful coexistence, and service to humanity as they celebrate the festival across the country on Friday.
This is contained in a statement issued by presidential spokesperson, Bayo Onanuga, on Thursday in Abuja.
Mr Tinubu called on Muslims to reflect on the spiritual lessons of Ramadan, noting that the holy month teaches discipline, sacrifice, compassion, and devotion to God and humanity.
He said: “We have a lot to draw from the noble lessons of Ramadan, especially at a time like this.
“We must continue to abide by the virtues of piety, selflessness, perseverance, kindness and compassion beyond this period.”
The president emphasised the need for Nigerians to remain united across religious and ethnic lines, stressing that national cohesion remains vital for sustainable peace and development.
He urged Muslims to extend acts of kindness and charity to the less privileged, irrespective of religious or ethnic background, in line with the enduring values of Islam.
Mr Tinubu noted that such gestures would strengthen social bonds, promote inclusiveness, and reinforce the spirit of brotherhood that defines the Nigerian society.
The president also called on religious leaders to use the occasion to offer prayers for peace, stability, and economic prosperity across the country.
Tinubu
He expressed optimism that with collective efforts, Nigeria would overcome its challenges and achieve lasting progress for the benefit of all citizens.
Mr Tinubu wished Muslims a joyous celebration, praying that the blessings of Ramadan would bring renewed hope, strength, and guidance to individuals, families, and the nation.
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