Legal Diary News

Federal University at Oye-Ekiti (FUOYE) has tragically lost a student, and the management is blaming the Senior Staff Association of Nigeria Universities (SSANU) for their insensitivity. The student, who was asthmatic, was unable to receive treatment due to the ongoing strike that led to the closure of the university's health center. This incident has raised concerns about the impact of strikes on student welfare. The Vice Chancellor, Prof. Abayomi Fasina, expressed his disappointment with the actions of the SSANU members and warned that such behavior would not be tolerated in the future. He alleged that hoodlums, in collaboration with SSANU members, had infiltrated the university and shut it down based on false information. Fasina emphasized that the FUOYE management would not tolerate a breakdown of law and order under the guise of a strike. Fasina's statement revealed the unfortunate circumstances surrounding the student's death. The inability to access medic...

In a statement yesterday 20th, of March, 2024, the Acting Director of Corporate Communications, Central Bank of Nigeria ( CBN ), Mrs. Hakama Sidi Ali, confirmed the settlement of all valid forex backlog claims. Governor Cardoso had emphasised the importance of clearing the backlog to restore credibility in the Nigerian economy. He stated that, “we made clearing the forex backlog a priority to restore credibility and confidence in the Nigerian economy.” He underscored the significance of resolving this issue, stating, “This encumbrance to market confidence in the country’s ability to meet its obligations is now totally behind us.” The CBN’s commitment to tackling the forex backlog appeared to be paying off.  External reserves have seen a significant rise. The Nation had reported the reserves rose to its highest point in nine moinths last weekened. This increase was attributed to a notable rise in remittance payments from Nigerians abroad and increased foreign investment in local ass...