Urchman

There's no competition in destiny

[Urchman @vickkyboy20]

@klever_io I just downloaded the app from playstore, and to my greatest surprise, it is one of the best digital blockchain trading platform. Thanks @klever_io for these wonderful opportunity 🙏
TAA4SMZmXhu6auaqN84KsbbTUdkUK18GSh

[Dearkofficial @DeARK_BSC]

0x24792377ff3AfBf4D509eA5197A0bBbe9617Cf8C

Ape or cope

[PaPa Scarpin @PapaScarpin]

Which team are your rooting for ?

[FairMoney Microfinance Bank @fairmoney_ng]

If someone correctly mentions your full name, bank and recent transaction, would you trust them enough to share your OTP?

Let’s hear it. 👀

[Urchman @vickkyboy20]

@NDICNigeria What about my deposit with @SycamoreNG

[OSINTWarfare @OSINTWarfare]

The U.S. Air Force is active over radio communications. We should expect something in the coming hours.

Source: 📡 Signal Reports 📡 on TG

[Central Bank of Nigeria @cenbank]

Press Release

CBN Revokes Licenses of 46 Microfinance Banks.

Kindly click the link to see the full list of the affected Microfinance Banks on the CBN website : https://t.co/7HymUKTI5J

#CBN
#PressRelease

[FCCPC Nigeria @fccpcnigeria]

Banks answerable to FCCPC, court rules

* Dismisses UBA’s suit, fined N2m

* It’s a big victory for bank customers, says Tunji Bello

Advocacy for consumer rights in the banking sector recorded a major boost today with a judgement by a Federal High Court in Abuja dismissing, in its entirety, a suit by UBA Plc seeking to contest the jurisdiction of the Federal Competition and Consumer Protection Commission (FCCPC). 

In its ruling, presiding Justice James Omotosho affirmed the Commission’s statutory authority to investigate consumer complaints involving banks and other financial institutions.

In the suit, FHC/ABJ/CS/1972/2025, United Bank of Africa Plc sought to determine whether in light of Section 251 (1) (d) of the 1999 Constitution of the Federal Republic of Nigeria (as amended 2023) and Section 65(1)(a) of the Banks and Other Financial Institutions Act (BOFIA) 2020, the FCCPC could validly exercise jurisdiction over a commercial bank duly licensed by the Central Bank of Nigeria (CBN) and over any of its functions, acts, financial products, or financial services.

In his judgement, Justice Omotosho considered Sections 251 (1) (d) of the Constitution and 65(1)(a) of BOFIA, which the plaintiff had relied upon to challenge the Commission’s jurisdiction, and upheld the authority of the FCCPC in competition and consumer protection matters in the financial sector.

Consequently, UBA plc was fined N2m for “bringing a frivolous and unmeritorious case against the defendant”. 

With respect to receiving and investigating Consumer complaints, the Court stressed that there is no other agency in Nigeria saddled with this responsibility except the FCCPC.

“No portion of the Banks and Other Financial Institutions Act gives such powers to the Central Bank of Nigeria, nor does the Central Bank of Nigeria Act,” said Justice Omotosho. 

“The FCCPC (Defendant) is therefore the proper agency to investigate such consumer complaints,” the judge held. 

He therefore held that the FCCPC “is vested with statutory powers to inquire into Consumer Protection issues involving customers and banks.” 

Justice Omotosho cited Sections 1, 2, 17(e) and 104 of the Federal Competition and Consumer Protection Act, 2018 (FCCPA), relating to the objectives, scope, investigative powers and application of the Commission’s mandate in matters concerning competition and consumer protection.

Section 104 of the FCCPC Act states that “Notwithstanding the provisions of any other law but subject to the provisions of the Constitution of the Federal Republic of Nigeria, in all matters relating to competition and consumer protection, the provisions of this Act shall override the provisions of any other law.” 

In a swift reaction, the Executive Vice Chairman/CEO of FCCPC, Mr Tunji Bello, hailed the judgment, describing it as “a significant milestone in our advocacy for bank customers who have for long endured unfair treatment.”

He said the judgment provides judicial guidance on the complementary relationship between sector regulation and the consumer protection framework established under the FCCPA.

Mr. Bello stated that the decision reinforces confidence that consumers in every sector of the economy, including financial services, are entitled to accessible channels for complaint resolution and lawful redress.

He noted that the judgment is also significant for businesses, as it clarifies that regulatory accountability and consumer confidence are mutually reinforcing pillars of a healthy market environment.

According to him, the Commission will continue to engage financial institutions and other service providers professionally, fairly, and in accordance with due process, while encouraging internal complaint resolution mechanisms that address consumer concerns promptly.

Ondaje Ijagwu
Director, Corporate Affairs
@NigeriaGov
@NGRSenate @HouseNGR

[ICPC Nigeria @icpcnigeria]

Schedule of ICPC corruption cases in various courts this week #icpcnigeria #icpccourtcase #corruptioninnigeria #dotherightthing #integritypays #transparency

[Urchman @vickkyboy20]

@BSAT_Properties The north remembers

[BSAT Properties @BSAT_Properties]

CONFUSED ABOUT COURTS IN NIGERIA?

Let me save you from embarrassment before you go and price lawyer wrongly

Let me break it down so you don’t enter the wrong court and start sweating.

1. CUSTOMARY COURT

This one is for tradition and culture.
Marriage, family issues, land disputes based on custom.
If your case involves “our village people said” start here.

2. MAGISTRATE COURT

Small small cases.
Minor crimes, small debts, simple disputes.
Nothing too serious. No big grammar.

3. HIGH COURT

Now we are getting serious.
Big civil cases, serious criminal matters.
This court has power. Respect it.

4. FEDERAL HIGH COURT

If your problem is with the Federal Government or big agencies, come here.

Money laundering, EFCC, NDLEA, immigration, banking matters.
This one no be child’s play.

5. NATIONAL INDUSTRIAL COURT

Work wahala court.
Employer vs employee. Salary, dismissal, workplace issues.
If your boss is stressing you, this is your bus stop.

6. COURT OF APPEAL

You are not happy with judgment?
You carry your matter come here.
They review what the lower courts have done.

7. SUPREME COURT

Final bus stop.
No argument again.
Once they talk, everybody go home.

FINAL LINE

Know where your case belongs.
So you don’t carry goat matter go lion court.

Ignorance of the law is not excuse.

© Stella Justice Nnennaya

[BSAT Properties @BSAT_Properties]

LEGAL STATUS OF INVOICE AND RECEIPT.

Invoice & Receipt are two important documents as far as business transactions is concerned.

Invoice and Receipt are two different documents and does not serve the same purpose. However, some people tends to mix the usage up.

An INVOICE is a document sent by a seller to a buyer formally requesting payment for goods or services.

Invoice lists goods or services, price, and terms before money changes hands.

Invoices outlines the details of a transaction with a customer, including quantities and prices of goods or services provided.

RECEIPTS on the other hand are documents that are provided to customers as proof of payment of goods contained in an invoice.

A receipt is proof evidencing that payment was made for the goods purchased or the services rendered; receipts are issued after the transaction is fully completed.

It is noteworthy to know that while the purpose of an INVOICE is to request payment for goods or services provided as outlined in the Invoice, a RECEIPT is proof of purchase and acknowledgement of client or customer's payment received by the seller.

The best thing is to issue receipts to customers after the list of items or goods contained in invoices are paid.

Invoice is not a prove of payment for the goods. Only a receipt can serve that purpose.

When next you're issued with a document titled "INVOICE" after you made payment for the goods you have purchased, call the attention of the seller to the fact that you supposed to be issued with a Receipt and not invoice.

You have been informed.

© Legal Consults & Updates

[Urchman @vickkyboy20]

@SycamoreNG Sycamore kindly unblock my account

[Urchman @vickkyboy20]

@SycamoreNG Sycamore is a weapon fashioned against my business, my account is blocked since last year till date, I can't access my business funds, you guys are not reliable 👎👎👎

[Urchman @vickkyboy20]

@SycamoreNG Sycamore is a weapon fashioned against my business, my account is blocked since last year till date, I can't access my business funds, you guys are not reliable 👎👎👎

[Urchman @vickkyboy20]

@SycamoreNG Sycamore is a weapon fashioned against my business, my account is blocked since last year till date, I can't access my business funds, you guys are not reliable 👎👎👎

[Urchman @vickkyboy20]

@SycamoreNG Sycamore is a weapon fashioned against my business, my account is blocked since last year till date, I can't access my business funds, you guys are not reliable 👎👎👎

[Omoyele Sowore @sowore]

Hello, IGP @TunjiDisu1, I want you to meet your police officer, Chief Superintendent of Police (CSP) Princess Nkeiruka Nwode, popularly known as “Ruka.”

CSP Nwode allegedly connived with others within the judiciary to imprison whistleblower Nnamdi Emeh after he exposed what he described as a police-linked organ-harvesting ring.

Today, Nnamdi Emeh is rotting away in prison in Awka because certain bad eggs within the Nigeria Police Force @policeng aided by your predecessor, Kayode Egbetokun, had their way.

This injustice must end.

Your office must immediately discontinue this sham prosecution and instead investigate, arrest, and prosecute the once-powerful police officers and collaborators involved in this alleged crime.

Justice must prevail without delay.

#FreeNnamdiEmehNOW

[Nigeria Stories @NigeriaStories]

🚨BREAKING 🚨

Lagos state police has released numbers of top police officers civilians can call if the have any issues or information

See them 👇🏾 and share to help someone

[Asp Maiyegun Aminat @ASPmaiyegunamin]

As Muslims begin the holy month of Ramadan, the AIG FCID Annex Lagos wish all faithful a peaceful and blessed fast.

Please remain security conscious during prayers and gatherings. Report suspicious activities and cooperate with officers on duty.

Ramadan Mubarak.@TunjiDisu1 @FCID_ANNEX

[FORCE CID ANNEX LAGOS @FCID_ANNEX]

The FCID Annex, Alagbon Lagos, under the leadership of AIG Olatunji Rilwan Disu, has launched a Feedback Channel to receive complaints and commendations on officers’ conduct.

Members of the public are encouraged to share concerns or positive feedback via the official channels