Naasir

Lawyer. Pupil. ... ... ... .

[Ridwan Oke @RidwanuLlah]

I read this case a few weeks ago, Ajayi v. S.E.C. (2023) 6 NWLR Part 1881. I was screaming when I read the opinion of Abaji J.S.C.

Apparently, the Appellant (Ajayi) was the Finance and Accounts Manager of African Petroleum PLC. The company issued a prospectus for offer of sale of shares to the Public. A Company, Sadiq Petroleum relied on the Prospectus and bought 30% of the Shares, apparently, the prospectus contained untrue statement and stated the company’s indebtedness to be 10.2B instead of a whopping 22 Billion. The company that bought 30% of the shares found out subsequently and sued at the Administrative Proceedings Committee and they found the Appellant who signed the Prospectus liable. In fact, section 62(1) and (2) of the Investments and Securities Act 1999 specifically provided that the persons who authorized the prospectus are to be held liable for compensation for loss or damage they sustain by reason of any untrue statement included in the Prospectus.

The Appellant instead of appealing to the Tribunal appealed to the FHC which denied jurisdiction and referred the matter back to IST (Investment Securities Tribunal-IST). The appellant, instead of going back to IST as directed went to the Court of Appeal, he lost. He appealed to the Supreme Court and the Court dismissed the Appeal.

Abba Aji J.S.C. in dismissing the appeal noted “The FHC was gracious and magnanimous to refer the appellant’s case to the Tribunal instead of dismissing same. However, the implacable and opinionated resoluteness of the appellant will not allow him to bow to reasoning that he has to strenuously take up this matter to the apex court. It is often said that it is only the stubborn fly that follows the corpse to the grave. All the journeys of the appellant from the Federal High Court, Court of appeal and to the Supreme Court is a wasted and futile one and will only birth him a BLIND CHILD”.

KEY TAKEAWAYS:

1. The Appellant didn’t defend the suit at the Administrative panel despite being served. The court relied heavily on this and referenced it. Defending yourself is absolutely necessary even if you get assurance from other party to a suit, seek independent legal counsel

2. The Appellant issued the prospectus, the ISA expressly makes him liable. Professionals should always endeavor to understand and be sure of whatever document they are signing and never sacrifice quality as they can be held liable at any time. Professionals must know that the public rely on their opinions and must stay guarded when offering them to avoid misleading others.

3. Not all cases should get to the Supreme Court. The Supreme Court was not only disappointed, they also rejected the appeal with costs. Litigants and their Lawyers should endeavor to review their cases properly and determine the best line of action especially where the trial court has transferred the case to a Tribunal.

[Foundational Nupe Lawyer @egi_nupe]

If you are from a poor home, and you start making it, take care of your parents first before anyone. I have one spiritual believe that the more you take care of your parents, the more God blesses you.

[Maruf Muhammed Esq @MarufMuhammed4]

Salary: #150,000
Rent: #1.2 million
Transport fare monthly: #45,000

Senior lawyers: Why are these young wigs impatient these days? They don't want to stay and learn.

Me: Pelu 150k monthly ten san yen na? 😆 🤣!!!

[Naasir @NaasirBug]

@egi_nupe Congratulations

Allaahumma Baarik

[Haramain Archive @muslimmakkah]

Du’a by Sheikh Dr. Ahmed bin Talib, and a dedication of his research to his loved ones, his family and his teachers

دعاء الشيخ الدكتور أحمد بن طالب وإهداء بحثه لأحبته وأهل بيته ومشايخه

[Foundational Nupe Lawyer @egi_nupe]

No matter how well you raise your children, they are still potential victims of those who didn’t raise theirs right. You can teach your kids respect, discipline, values, and good character; but one poorly raised child in the same school, street, or neighbourhood can introduce violence, entitlement, bullying, or moral decay into their world.

[Dan Bello @BelloGaladanchi]

Northern Nigeria students resume school after renovations

[Naasir @NaasirBug]

@SarkinMota_AMF This is magnificently beautiful. Impressive.

Allaahumma Baarik. Allaahumma Baarik. Allaahumma Baarik.

[Nana @kilishi_kween_]

I recommend a lot of adults go back to Islamiyya to learn Qur’an, Hadith and fiqh for a start.

[umar ibrahim @imp213x]

This is exactly the problem with a scholar stepping into politics succinctly captured here by Mallam Yola.

[Naasir @NaasirBug]

@WATLegal @_fefas 😂😂😂

[feyisayo 💸 @feyiszn]

Some people have zero desire to be seen. They just want a blessed and quiet life.

[Zion @zionszzn]

“I never asked you to” is such a nasty thing to say after benefiting from someone’s time and love.

[H’s mom @aiishadahir]

My Hafiz teacher told me today that “ﷲ gave people different types of gifts. Some people are good at waking up for Tahajjud, some are good at charity/ helping others, some are good at memorising, etc. We gotta be thankful by doing it to the best of our abilities.” Alhamdulilah

[Abba Mukhtar @Abba_fabric]

Inalilahi wa inna illaihi rajiun Allah ka sa mu dace Amen yanzu a Twitter ba'a cewa komai

[Lawpoint Uganda @Lawpointuganda]

The 10 Commandments of Cross-examination

[itzkhalee 🇪🇸🇦🇷 @iamkhalee]

Telegram Link to the 2026 ramadan tafseer series

https://t.co/M1nEDqZjb9

[itzkhalee 🇪🇸🇦🇷 @iamkhalee]

Only if people could go and listen to prof rijiyar lemu 2026 ramadan tafseer of suratul nur , you’ll learn the danger of spreading lies, rumours , gossips, backbiting and slanders .

Wallahul Musta’an.

[Simwal @Simwal]

REMINDER!!!
Ayyamul beed starts Friday 13th Dhul Qa’adah / 1st May-Sunday 15th Dhul Qa’adah 1447/ 3rd May 2026 in Nigeria .
Abu Dharr said: The prophet (ﷺ) said to me: “If you fast any part of the month, then fast the 13th,14th and 15th.”Muslim 1160, Bukhari (Vol. 2, Book 21, Hadith 274),
al-Tirmidhi (761); al-Nasaa’i (2424).

Jareer ibn ‘Abdullaah R.A narrated that the Prophet (ﷺ) said:“Fasting 3 days of each month is fasting for a lifetime, and ayyam al-beed are the thirteenth, fourteenth and fifteenth.” (Narrated by al-Nasaa’i (2420); classed as saheeh by al-Albaani in Saheeh al-Targheeb, (1040).
@moonsightingng

[Abdool Moh. @abdool_moh]

A single Gulma (Gossip) can erase your whole Umrah even if what you are saying is TRUE. If you are a Muslim, I highly recommend this very IMPORTANT & MIND FREEZING lecture by Sheikh Albani on “Gulma” and its ruling in islam. It is one of the most influential lecture you will come across in your life.

https://t.co/BLrQPQq9LN