THE EFCC HAS CALLED ON LEGAL PRACTITIONERS IN THE COUNTRY TO DESIST FROM THE ILLEGAL AND UNETHICAL PRACTICE OF CHARGING CLIENTS IN FOREIGN CURRENCIES.(PHOTO). #PRESS RELEASE
The EFCC has called on legal practitioners in the country to desist from the illegal and unethical practice of charging clients in foreign currencies. The call was made on Friday, September 11, 2026, in Lagos by the Acting Zonal Director of the Lagos Zonal Directorate 2 of the EFCC, ACE I Bawa Usman Kaltungo, when he received a delegation of the Nigerian Bar Association, NBA, Lagos Task Force, on Illegal Practice of Law, led by its Head, Moshood Abiola, on a courtesy visit to his office. Speaking during the interactive session, Kaltungo expressed concern over the activities of lawyers who engage in illegal and unethical practices, stressing that the Commission would not hesitate to prosecute anyone found culpable.
Yesterday tuesday,the Senate President Bukola Saraki announced that they passed the Secured Transaction in Movable Assets Bill and the Credit Bureau Services Bill.These two Bills are a part of the Senate's Ease of Doing Business Legislation that are aimed at making the local regulatory environment more conducive to starting and operating businesses.Under the Secured Transaction in Movable Assets Bill,we can close the gap on access to credit financing for SME's by allowing the use of movable assets as collateral when acquiring loans.Up until now,only fixed assets like land and infrastructure were accepted.Additionally,the Secured Transaction Bill strengthens the financial inclusion of SME's,stimulates responsible lending to micro,small and medium enterprises and establishes a Collateral Registry for its operations.
Comments
Post a Comment