Will an agency defy Buhari on judicial corruption?

APPARENTLY miffed by the delay in the dispensation of
justice and the corruption that it breeds, President
Muhammadu Buhari recently made a case for far-
reaching reforms in the country’s judicial system. Such
reforms must include the reviews of laws, institutions,
processes and procedures that hamper the speedy
delivery of justice.

Speaking during the opening session of the All Nigeria
Judges Conference in Abuja, the President lamented that
Nigeria was fast losing trust and esteem in the eyes of the
citizens due to unnecessary delay tactics employed by
lawyers, in collusion with some judges, to stall trials,
especially high profile corruption cases.
In addition, the President frowned at the unwholesome
practice of appealing interlocutory decisions, a practice,
he said, encourages unending litigations and miscarriage
of justice.
Without making the appropriate reforms, it would be
difficult for government to effectively tackle corruption
and attract the desired level of investments the country
needs for socio-economic development, President Buhari
stated.
The President’s admonition readily brings to mind the
Financial Reporting Council of Nigeria, FRCN, an agency
under the supervision of the Federal Ministry of Industry,
Trade and Investment. The body, which has recently come
under heavy scrutiny for unsavoury reasons, is currently
challenging, via an interlocutory appeal, the orders of the
Federal High Court in Lagos which barred it from
interfering in the business or operations of Stanbic IBTC
Bank pending the outcome of the suit filed at the Federal
High Court by the bank. It is strongly believed that FRCN’s
action would potentially prolong the process; keeping
stakeholders on edge for as long as the litigation lasts.
FRCN had on October 26 announced the outcome of its
investigation of Stanbic IBTC for alleged infractions
claimed by minority shareholders of the company,

Posted: at 4-12-2015 04:03 PM (8 years ago) | Upcoming

I think Buhari is doing what should av been done years back....

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Posted: at 4-12-2015 09:29 PM (8 years ago) | Gistmaniac