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Lawyers, Judges Make Case For ICT In  Justice Administration

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Some Nigerian lawyers and judges have said that the adoption of Information Communication Technology (ICT) has become imperative in contemporary Nigerian legal practice.
This was the top of issues discussed at the recent 2022 Bar Week of the Nigeria Bar Association (NBA), Otuocha Branch, held in Nkwelle Ezunaka, Oyi Local Government Area of Anambra State.
The theme of the week was “The Impact of Technology on 21st Century Law Practice and Justice Delivery”.
Prof. Oguguo Ikpeze of the Faculty of Law, Nnamdi Azikiwe University, Awka, who delivered the Keynote Address said the world was advancing and legal practice could not afford to lag behind.
Ikpeze, a life bencher, said although the legal profession was viewed as mundane, known for being traditional and conservative, which must be preserved to maintain professionalism, prestige and ethics, said it must be made adaptable to change.
She said the topic of discussion was apt, noting that those who do not want to upgrade to the application of information technology in their legal practice would lose their relevance in this technology-driven world.
“The impact of technology in the 21st century law practice and justice delivery can never be over-emphasised. Technology has come to stay and it has permeated all the spheres of life.
“Technology has made life easy, worth living and a global village. It has also made legal practice easy and made justice delivery speedy and more transparent,” she said.
On his part, a Professor of Law and Applied Jurisprudence,  Rev. Fr Emeka Oraegbunam, said the world was evolving and everything was being done online, including banking which involves money.
Oraegbunam said ICT had become imperative in legal practice and justice delivery because it would reduce delay, improve efficiency, protect the health of judicial officers, increase access to justice and boost confidence of all parties.
He recommended that minimum infrastructure, training and teaching for effective adoption of ICT-based practice, while advising that the older generation of the bar and bench should make conscious efforts to adapt and be part of the revolution.
Dr Mike Anyadiegwu, a magistrate, said it was important that courts should be upgraded and made amenable to function technologically, adding that the facilities were not available in all courts.
Anyadiegwu said virtual hearing would solve the problem of non-appearance of criminal suspects in court because of insecurity and COVID-19 and should be encouraged and adopted.
“From my experience, it is better we embrace technology because the legal profession being a conservative profession is gradually moving towards technology and we cannot be left behind.
“In order to fast track criminal trial and justice delivery, there is a need for us to embrace technology, that is what is obtained in Europe and America and that is the standard practice available today.
“The system should encourage ICT database for court proceedings, we can’t continue to do everything manually,” he said.
In his welcome address, the Chairman of Otuocha Branch of the NBA, Mr Anthony Okafor, said the programme was a unique opportunity to discuss, evaluate and proffer solutions to the myriad of issues besetting the profession and efficient justice delivery.
He congratulated Governor Chukwuma Soludo for his strides in managing the affairs of the State so far and called on him to speed up the renovation work going on at the State High Court premises, Otuocha, for ease of the dispensation of Justice.
A Port Harcourt based lawyer  and entertainer,  Emperor  Nnaoma Esq,  noted that the Judiciary  must make the necessary  adjustments and  join the ICT world.
Nnaoma, who corroborated the stand of his Anambra colleagues, said the judicial  system will do great,  upon the adoption  of the ICT system.
He stated that the e-affidavit as operated  in Rivers State  has improved  the system  to a point, saying that the Judges will work in a relaxed atmosphere,  if courts  are fully  digitized.

By: King Onunwor

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Technology, Others Responsible For Nigeria’s Bonga Oil Operations

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The Managing Director, Shell Nigeria Exploration and Company Limited (SNEPCo), Elohor Aiboni, said Bonga, Nigeria’s first deep-water asset, has recorded major milestones, due to effective leadership, cutting-edge technology, continuous improvement and collaboration with stakeholders.
She noted that since coming on stream in November 2005, Bonga has maintained a track record of production that saw it achieve one-billion-barrel export on February 13, last year.
In her presentation, titled “The Bonga Journey to a Billion Barrels”, at the ongoing 2024 Offshore Technology Conference in Houston, Texas, United States, Aiboni, said: “SNEPCo is grateful for the contributions of all the parties to the Bonga story and we can all be proud of the milestones.
“Bonga has been consistent. In 2014, nine years after coming onstream, it achieved half a billion barrels of crude and doubled it in 2023. We have worked relentlessly to ensure excellent asset management, project and wells delivery and deployment of technology and innovations in our operations”.
According to her, these factors, “coupled with the supportive partnership of the Nigerian National Petroleum Company Limited and our co-venturers – TotalEnergies, EP Nigeria Limited; Nigerian Agip Exploration; and Esso Exploration and Production Nigeria Limited, make Bonga stand out as a world-class investment case”.
She continued that, “SNEPCo also enjoyed the support of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Content Development and Monitoring Board (NCDMB) in the success of Bonga operations”.
Aiboni also listed the challenges of keeping the Bonga Floating Production, Storage and Offloading vessel full as the asset ages and dealing with unexpected developments with subsea wells and equipment.
She said: “SNEPCo responded with a campaign of operational excellence, which among other initiatives, led to the creation of a programme known as the Bonga Business Improvement Plan that continually reviews and identifies improvement initiatives and drives sustainability in operations and upskilling of staff.
“The Bonga success story has been led by Nigerians who have been managing directors of SNEPCo since it was established in 1993, in a deliberate policy by Shell to develop indigenous manpower for deep-water operations in Nigeria.
“Today, some 97percent of the SNEPCo workforce is Nigerian and overall, Bonga has helped to create a new generation of Nigerian deep-water professionals.
“Our vision at SNEPCo remains to be the best deep-water business, powering growth and achieving net zero emissions in line with Shell’s Powering Progress strategy”.

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Banks Cut Borrowing From CBN By 44% 

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Banks’ borrowings from the Central Bank of Nigeria (CBN) fell month-on-month, (MoM) by 44 percent to N12.16 trillion in April from N21.7 trillion in March.
Analysis of latest data from the CBN shows that the 44percent drop represents the first MoM decline in banks borrowing from since January when it increased by 268.7 percent to N3.6 trillion from N976.29 billion in December 2023.
However, further analysis showed that banks’ deposits in the CBN SDF grew MoM by 118.4 percent to N428.97 billion in April from N196.37 billion in March 2024.
Banks make use of the SLF to access liquidity to run their day-to-day business operations while the Standing Deposit Facility window (SDF) on the other hand, is an overnight deposit facility that allows banks to lodge excess liquidity (money) with the CBN and earn interest.
The decline in banks’ borrowing from SLF may reflect an increase in banking system liquidity and also the decision of the apex bank last year to remove the limit on the remunerable daily placements by banks at the SDF.
According to the CBN Governor, Mr. Olayemi Cardoso, the CBN removed the cap on the remunerable SDF to increase activity in the SDF window and manage liquidity.

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Expert Highlights Technology Impact On Fintech Industry Growth 

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A Financial technology expert, Olatunji Akinrinola, has highlighted the exponential growth of the FinTech industry, which according to him, was driven by technological advancements.
Akinrinola made this assertion in a  press release recently, where he stressed that the role of technology in driving this exponential growth in the FinTech sector was very outstanding.
According to him, Technology has revolutionised the way financial services are delivered, making them more accessible, efficient, and inclusive.
“Through innovations such as mobile banking, digital payments, and blockchain technology, FinTech companies have been able to reach a larger population and provided them with access to financial services”, he stated.
Akinrinola emphasised the role of technology in enabling financial inclusion, adding: “Technology has democratised access to financial services, particularly in regions with limited banking infrastructure.
“Mobile money platforms and digital wallets have empowered individuals to conduct financial transactions conveniently and securely, without the need for traditional banking services”.
He also underscored the role of Artificial Intelligence (AI) and data analytics in driving innovation within the FinTech industry,  noting: “AI-powered algorithms and predictive analytics have revolutionised risk assessment, fraud detection, and customer personalisation in financial services.
“These technologies enable FinTech companies to provide tailored solutions and mitigate risks more effectively, ultimately enhancing the overall customer experience”.
Akinrinola stressed the importance of regulatory frameworks in fostering the growth of the FinTech industry.
“While technology has accelerated the growth of FinTech, it is essential to establish robust regulatory frameworks to ensure consumer protection and maintain market stability. Regulators play a crucial role in balancing innovation with risk management, thereby creating a conducive environment for the sustainable growth of the FinTech sector”, he stated.
Akinrinola underscored the role of technology in driving the exponential growth of the FinTech industry, saying, “Technology has been a game-changer for the FinTech sector, enabling innovation, expanding access to financial services, and driving economic growth.
“As technology continues to evolve, the FinTech industry will undoubtedly play a significant role in shaping the future of financial services ecosystem”.

Corlins Walter

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