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Court to deliver judgement in suit over election sequence April 25

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The Federal High Court, Abuja, has fixed April 25, 2018 to deliver judgment in a suit filed by the Accord Party (AP) seeking an order of court restraining the National Assembly from acting on the Electoral Act (Amendment) Bill, 2018.
President Muhammadu Buhari had on March 13, 2018 refused to sign the bill into law, which sparked arguments as to whether or not the National Assembly would use its powers to override the President’s decision.

According to News Agency of Nigeria (NAN), Justice Ahmed Mohammed yesterday fixed the date after listening to arguments of both the plaintiff and the defendants.
Counsel to the National Assembly, the first defendant, Mr. Joseph Daudu (SAN), in his preliminary objection, argued that the court lacked jurisdiction to hear the matter on the grounds that its jurisdiction was not properly invoked.

He said the court could only have jurisdiction over the matter if the bill has become an act.

“No matter how it is construed, the Electoral Act Amendment Bill as at the day the originating summons was filed, up till date, is a bill, it becomes an act upon the happenings of two eventualities.

“Where a president acting under provisions of Section 58 (4), assents to the bill, it then becomes an Act of the National Assembly.

“Where he refuses to assent under Section 58(5), the bill is returned to the National Assembly for use of their powers to override.

“At that point, it remains a bill because there is no guarantee that they will muster the required two-thirds majority to veto it,” he stated.

Daudu said that it was only where the National Assembly successfully used its power to over-ride the President’s veto and transform the bill to an act that the jurisdiction of the court over it would be ignited.

He further argued that there was no certificate of registration before the court to show that the Accord Party was indeed a political party as it was claiming to be.

Arguing for the second defendant, the Attorney-General of the Federation, Mr. Abubakar Malami (SAN), aligned himself with the submission of Mr. Wole Olanipekun (SAN), counsel to the AP.

However, counsel to the Independent National Electoral Commission (INEC), the third defendant, Mr. Femi Falana, however, argued that the AP was a political party duly registered by the electoral body.

He submitted that the party contested in the last election in the country and won seats in the parliament.

Olanipekun (SAN) maintained that legislative powers began when a bill was introduced in parliament and ended when it was transmitted to the President.

He said the court had the jurisdiction to hear the matter and urged the court to dismiss Daudu’s preliminary objection and grant the reliefs his client sought.

Justice Mohammed adjourned the matter till April 25, 2018 to deliver judgment.

The plaintiff, Accord Party, had approached the court with a motion seeking an order restraining the National Assembly from taking action or actions on the Electoral Act (Amendment) Bill, 2018.

The plaintiff is claiming, against the defendants, a declaration that INEC is the only body constitutionally vested with the powers to organise elections to the offices of the President and Vice President of Nigeria.

It also has powers to organise elections to the offices of governor and deputy governor of a state, membership of the Senate, the House of Representatives and the House of Assembly of each state, including fixing or assigning dates for the said elections and the sequence of same.

Guardian

EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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