What you need to know about Prince Bola Ajibola – Newstrends
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What you need to know about Prince Bola Ajibola

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Prince Bola Ajibola

WHO IS JUDGE BOLA AJIBOLA?
A BRIEF PROFILE

His Excellency Judge Bola Abdul Jabbar Ajibola,
(SAN, KBE, D.Sc,D.Litt,FNIALS,FCIArb,CFR)

Born on 22nd March, 1934 to the Owu Royal Family, His Excellency Judge Bola Abdul Jabbar Ajibola attended Owu Baptist Day School, Ago Owu and Baptist Boys High School, Abeokuta, Ogun State for his primary and secondary school education between 1942 and 1955. In 1958, he was enrolled at Holborn College of Law, University of London from where he graduated in 1962 with a degree in law before he was called to the Bar at Lincoln’s Inn on 27 November 1962.

He was President of the Nigerian Bar Association (NBA), 1984-1985 and Attorney-General/Minister of Justice (1985-1991). From there, he moved to the International Court of Justice, Den Hague, Netherlands. After a three-year stint at the World Court in 1994, he further served as Judge Ad Hoc of the World Court from 1994 to 2002. He was appointed Judge of the Constitutional Court of the Federation of Bosnia and Herzegovina. He also served as the Nigeria High Commissioner to the United Kingdom between 1999 and 2002.

He was Chairman of Nigerian delegation to the Nigerian-Cameroon Mixed Commission on the Bakassi Peninsula. Prince Ajibola served as Vice President and later President of the World Bank Administrative Tribunal from 1994 to 2005; President, World Association of the World Jurists and Arbitrator, Ethiopia-Eritrea Boundary Dispute Commission.

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A voracious reader, prolific writer, renowned administrator, jurist and arbitrator of global acclaim, Prince Ajibola has attended numerous international conferences and has held international positions and arbitration assignments too numerous to mention here. In his professional career, he has provided outstanding legal consultancy services to several companies including Avon Cosmetics Limited; Masms Solicitors and Co. of London; Exxon, Houston, Texas, USA and Arthur Anderson and Co., London and Lagos.

In recognition of his outstanding imprints on the sands of time, Usmanu Dan Fodiyo University, Sokoto, awarded him Doctor of Literature (D. Litt) in 2003 while the Federal University of Agriculture conferred on him an Honorary Doctor of Agriculture (D. Agric) in 2004. As the Attorney-General and Minister of Justice between 1985 and 1991, he never took home a salary, asking that same should be distributed to the coffers of Federal Government (35%), Nigerian Bar Association (25%) and Charitable/humanitarian organisations (40%). The first Nigerian to be so selfless.

He also founded African Concern, a non-governmental organisation in Lusaka, Zambia in May, 1995 to promote peace, justice and harmony among peoples of Africa in order to eradicate the problems of refugees arising from political conflicts and natural disasters. This, he accomplished in association with the United Nations High Commissioner for Refugees to give succour to refugees in Nigeria, Liberia, Sierra Leone and Rwanda.

Prince Ajibola, an altruist, founded Islamic Mission for Africa in 1996, which gave birth to Crescent University, Abeokuta, a visionary initiative capable of building a new generation of graduates imbued with industry, moral uprightness and diligence as well as the inculcation of spiritual redevelopment in young men and women.

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Furthermore, the reputed legal icon and Islam’s ambassador has to his credit other awards and honours among which are: Knight of the Order of British Empire (KBE), 1989; Fellow, Chartered Institute of Arbitration (FCIArb); World Jurist Award 1987; Senior advocate of Nigeria (SAN), 1986; Fellow, Nigerian Institute of Advanced Legal Studies and Commander of the Federal Republic of Nigeria (CFR) among others.

Judge Bola Ajibola is the Founder/Proprietor, Crescent University, Abeokuta. Built on the pedestal of knowledge and faith, the university was established as a private academic institution under the banner of Islamic Mission for Africa(IMA).

It was established in consonance with her doctrine and vision: learning and character. The operating licence from the Federal Government of Nigeria was obtained from National Universities Commission(NUC) on June 9, 2005 by the then Minister of Education, Mrs Chinwe Nora Obaji.

Judge Bola Ajibola founded the university after selling his assets both in Nigeria and abroad to achieve the noble cause of assisting the Nigerian populace in closing the widening gap between attainable potential students’ population and limited space in public universities.Of his vision,accomplishment of Crescent University is the ultimate.

The university which prides itself as Citadel of Academic and Moral Excellence has graduated 12 sets at undergraduate level and 5 sets at Master’s level.Today,many of these products are performing excellently well both in further studies and employment.Some of them who made First Class in their first degree have also clinched Distinction/PhD grades in their MSc programmes abroad and government-owned universities in Nigeria.Only recently,Adedeji Ajayi,who bagged his BSc and MSc degrees from Crescent University got a keenly contested appointment as a senior journalist (Planning) with the British Broadcasting Corporation(BBC) while employers of labour have consistently lauded Crescent University products for good conduct.

This is, in fact, in concord with Judge Ajibola’s mission that “we are not out to produce brilliant beasts but global citizens” who will bring about peaceful coexistence among nations of the world.

WHO IS JUDGE BOLA AJIBOLA

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Currency in circulation now N4.8tn – CBN report

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Currency in circulation now N4.8tn – CBN report

Currency in circulation has reached an all-time high of N4.8 trillion as of November 2024, recording over seven per cent increase from the previous month.

Also, currency outside banks grew significantly in the same month hitting an all-time high of N4.6 trillion from the N4.2 trillion in the month of October.

These figures were contained in the money and credit supply data from the Central Bank of Nigeria (CBN).

The currency in circulation is the amount of cash–in the form of paper notes or coins–within a country that is physically used to conduct transactions between consumers and businesses.

It represents the money that has been issued by the country’s monetary authority, minus cash that has been removed from the system.

Similarly, currency outside a bank refers to cash held by individuals, businesses and other entities that is not stored in banks.

The currency outside the bank represents about 96 per cent of the currency in circulation.

Nigerians have in recent times been facing acute cash shortage with banks limiting daily withdrawal at Automated Teller Machines (ATMs) to N20,000 irrespective of the number of accounts held by an account owner.

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According to the latest data, the currency in circulation grew by seven per cent to reach 4,878,125.22 from 4,549,217.51 in October.

Currency in circulation has grown steadily in the outgoing year 2024 with over one trillion naira added to cash in circulation after starting the year with N3.65 trillion in January.

In February, the currency in circulation slightly increased to N3.69 trillion representing an increase of N43 billion or 1.18 per cent from the January figure.

March also saw an appreciable increase to N3.87 trillion while it further increased to N3.92 trillion in the following month of April.

The growth trajectory continued in May with the currency in circulation increasing slightly to N3.97 trillion, an increase of N42 billion or 1.07 per cent while it reached an all-time high of 4.04 trillion, an increase of 2.11 per cent from May.

The July figure also rose marginally with the currency in circulation settling for N4.05 trillion before growing to N4.14 trillion in August and N4.43 trillion in September and N4.5 trillion in October.

In the same vein, currency outside banks grew from N4.2 trillion in October to N4.6 trillion in November, showing increasing preference for other means of storing outside bank deposits.

Economist, Dr. Paul Alaje attributed the development to the expanding money supply, adding, “Money supply is expanding but this may not necessarily be in cash. As it is expanding, it will necessarily induce inflation. But you can’t blame the people. People must look for money. How much was bottled water last year, how much is it today? All of this will induce inflation. If you now ask, what is the cause of inflation? Is it money supply itself or a devaluation policy? It is a devaluation policy. Money supply is an offshoot. So the Central Bank is raising interest rates to actually reduce money supply but the more they try the more money supply expands.”

He stated that the floatation policy of the CBN has created inflation, adding, “It is like chasing one’s tail and I don’t know if you are going to catch it.”

Currency in circulation now N4.8tn – CBN report

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Tinubu not telling Nigerians the truth, says Sule Lamido

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President Bola Ahmed Tinubu

Tinubu not telling Nigerians the truth, says Sule Lamido

President Bola Tinubu has been accused of not being forthright about the true state of Nigeria under his administration.

Former Jigawa State Governor and senior Peoples Democratic Party (PDP) member, Sule Lamido, made the accusation while speaking on the BBC Hausa programme Gane Mini Hanya.

Lamido criticized both Tinubu and former President Muhammadu Buhari for what he described as a lack of transparency in governance.

“Buhari’s and Tinubu’s governments are not being transparent with Nigerians unlike during the time when PDP was in power where everything was transparent and open to all Nigerians,” Lamido said.

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He accused the two administrations of relying on propaganda rather than providing citizens with accurate information.

Lamido also expressed concerns over President Tinubu’s recent loan requests, questioning the logic behind them. “If Nigerians are being told the truth then there is nothing wrong with that, but how would you budget N30tn, generate N50tn and then request loan when you have a surplus of N20tn,” he said, referencing last year’s budget.

He described the situation as “reckless” and “selfish,” adding, “This recklessness and clear-cut selfishness is not done anywhere in the world, but yet you find (some) Nigerians supporting it. Visit social media and see how APC is being criticised, being referred to as calamity, yet you find some protecting it.”

Tinubu not telling Nigerians the truth, says Sule Lamido

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Nigeria Customs Service begins 2025 recruitment [How to apply]

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Nigeria Customs Service begins 2025 recruitment [How to apply]

The Nigeria Customs Service (NCS) has announced the commencement of its recruitment exercise, assuring Nigerians that the process is entirely free and fair.

The agency has cautioned the public to be vigilant against scammers who may attempt to exploit unsuspecting applicants during the recruitment period.

Applications are invited for positions in the Superintendent, Inspector, and Customs Assistant cadres as part of the Service’s plan to recruit 3,927 officers in 2025.

This initiative is aimed at enhancing trade facilitation and supporting Nigeria’s economic recovery efforts.

“Our recruitment is entirely free and fair. At no stage do we charge fees. Anyone requesting payment is a scammer,” the agency emphasized, urging applicants to be wary of fraudulent schemes.

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The NCS outlined eligibility criteria, stating that applicants must be Nigerian citizens by birth, possess a valid National Identification Number (NIN), and have no criminal record or ongoing investigations.

Academic qualifications for the three cadres are as follows:

Superintendent Cadre: A university degree or Higher National Diploma (HND) along with an NYSC discharge or exemption certificate.

Inspectorate Cadre: A National Diploma (ND) or Nigeria Certificate in Education (NCE) from an accredited institution.

Customs Assistant Cadre: At least an O’Level certificate (WAEC or NECO).

In addition to these qualifications, the NCS stressed that all applicants must be physically and mentally fit, providing evidence of medical fitness from a recognized government hospital.

Nigeria Customs Service begins 2025 recruitment [How to apply]

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