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WHEN CAPITAL ISN'T CASH: A LEGAL AND FINANCIAL ANALYSIS OF BANK CAPITALISATION IN NIGERIA | Lydia Ehisuoria Ohonsi, Esq.
I. Introduction The Central Bank of Nigeria ('CBN') issued a landmark directive in March 2023 mandating a comprehensive recapitalisation of Nigerian commercial banks. Pursuant to the directive, commercial banks with international authorisation are required to attain a minimum paid-up capital of ₦500 billion, national banks ₦200 billion, and regional banks ₦50 billion, with a compliance deadline of 31 March 2026. The directive triggered a wave of capital-raising activity across the banking sector, including rights issues, public off…
A COLD MONDAY INDEED: NBA-BENIN MOURNS THE PASSING OF PROF. F. O. OSADOLOR, ESQ.
Distinguished Seniors and Colleagues, It is with a heavy heart that the Executive Committee of the NBA-Benin Branch announces the passing of Prof. F. O. Osadolor, Esq., a distinguished legal luminary and former Solicitor General of the State, who departed in the early hours of today. Prof. Osadolor was a man of profound intellect, integrity, and unwavering commitment to the advancement of justice. His contributions to the legal profession, legal education, and public service remain indelible; his legacy will continue to inspire generations…
