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Nigeria to Implement IOPC Fund

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  • Nigeria to Implement IOPC Fund

The Federal Government has expressed her commitment to the implementation of the 1992 International Civil Liability Convention and the 1992 International Oil Pollution Compensation (IOPC) Fund.

IOPC FundThe international compensation regime as developed under the auspices of the International Maritime Organisation (IMO) comprise of two main conventions. They are the 1992 International Civil Liability convention and the 1992 International Oil Pollution Compensation (IOPC) Fund.

It is on record that Nigeria has ratified both conventions and she is expected to pursue its effective implementation in her maritime domain.

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside said this at the 7th meeting of the National Standing Committee (NSC) on the implementation of the IOPC Fund and related conventions in in Abuja.

Peterside who was represented by the agency Director Abuja Zonal office, Mr. Ali Indabawa assured stakeholders that the agency is committed to the adequate implementation of the IOPC Fund and related conventions for the benefit of dwellers of coastal communities and the preservation of the marine environment.

“The Nigerian Maritime Administration and Safety Agency is working hard to ensure that our marine environment is free from all sorts of pollution. This entails preventing and controlling pollution from all sources such as ship based and land based sources”, he said.

According to him, the IMO has developed this compensation regime which helps victims of oil pollution damage to obtain compensation and for government to be reimbursed for cost of oil spill clean-up. Minister of Transportation, Right Hon. Rotimi Chibuike Amaechi who was represented by the Permanent Secretary in the ministry, Mr. Zakari Sabiu had earlier called on NIMASA and other relevant agencies to develop a strategic implementation plan in order to curb incidences of marine pollution and to effectively compensate victims when pollution occurs.

Sabiu who is also the Chairman of the National Standing Committee on the implementation of the IOPC and related conventions also urged members to work together to achieve the task ahead.

Besides her being the Chairperson, Chartered Institute of Arbitrators (United Kingdom) Nigeria and Managing Partner, Doyin Rhodes-Vivour & Co (Legal Practitioners and Arbitrators), the author is also a chartered arbitrator and a CEDR, United Kingdom accredited mediator. She holds the LLB [Hon] and LLM degrees in law from the University of Lagos and a masters of Arts degree [MA] with merit in International Peace and Security from King’s College London, University of London.

An awardee of the prestigious British Government Chevening Scholarship, she was nominated by the United States Information Services (USIS) to participate in the ‘Young African Leaders Programme’ in 1990 in recognition of her leadership qualities.

She is listed on various international and domestic Arbitration/ADR panels including the database of London Court of International Arbitration (LCIA), the database of LCIA-MIAC Arbitration Centre, Panel of the International Centre for Dispute Resolution (ICDR), Singapore International Arbitration Centre (SIAC), Dubai International Arbitration Centre (DIAC), Kigali International Arbitration Centre(KIAC), Kuala Lumpur and Lagos Regional Centres for International Commercial Centre, Panel of Neutrals of the Lagos Multi-door Court House and Abuja Multi-door Courthouse.

Rhodes-Vivour is listed in editions of the Global Arbitration Review (GAR) International Who’s Who of Commercial Arbitration, Who’s Who Legal and recognized as one of the world’s leading arbitrators. She is also listed in editions of Guide to the World’s Leading Commercial Arbitration Experts as a preeminent professional in the field of arbitration. Mrs. Adedoyin Rhodes-Vivour is described by Who is Who Legal as “second to none for her skill and versatile thinking”.

Nominated by Nigeria as a member of the Court of the Permanent Court of Arbitration (PCA) at The Hague, The Netherlands, Rhodes-Vivour is a member of the ICC Paris Commission on Arbitration and ADR, SIAC Users Council Africa Regional Committee, International Law Association (ILA) International Committee on International Commercial Arbitration headquartered in London and the pioneer Chair, Committee on International Commercial Arbitration of the International Law Association (ILA) Nigerian Branch.

She is also a member of the Executive Committee of the Nigerian Maritime Law Association, pioneer Board of Directors of the Lagos Court of Arbitration, pioneer Board of Governors, Lagos Chamber of Commerce International Arbitration Centre, Governing Council of the Nigerian Chamber of Shipping (NCS), Council of the Lagos Chamber of Commerce and Industry.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Government

FG Declares June 12 Public Holiday for Democracy Day Celebration

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The Federal Government has declared Wednesday, June 12, a public holiday in commemoration of this year’s Democracy Day celebration.

The announcement was made in a statement signed by Aishetu Ndayako, the permanent secretary of the Ministry of Interior, on behalf of Olubunmi Tunji-Ojo, the Minister of Interior.

The statement urged Nigerians to reflect on the struggles and sacrifices of the nation’s founding fathers and to ensure that Nigeria remains a united, secure, peaceful, and indivisible entity.

“As we mark another Democracy Day in the history of our dear country, let us all reflect on the efforts of our founding fathers and ensure that Nigeria remains a united, secured, peaceful, and indivisible entity,” the statement read.

A Historic Shift

The designation of June 12 as Democracy Day dates back to June 7, 2018, when former President Muhammadu Buhari announced that the day would henceforth be celebrated as Democracy Day.

Prior to this declaration, Democracy Day was observed on May 29, the date marking the inauguration of the Fourth Republic in 1999.

President Buhari’s decision was rooted in the historical significance of June 12, 1993, the day of what is widely regarded as Nigeria’s freest and fairest presidential election.

Despite the election’s annulment by the then-military government, Buhari emphasized that the democratic credentials of the process should be honored.

Honoring a Legacy

To further commemorate the significance of June 12, Buhari posthumously awarded Chief Moshood Abiola, the presumed winner of the annulled 1993 election, with the nation’s highest honor, Grand Commander of the Federal Republic (GCFR).

The statement from the Ministry of Interior also highlighted President Bola Tinubu’s commitment to implementing positive reforms aimed at reviving Nigeria’s economy and enhancing national security.

A Call for Unity

The Minister of Interior, Olubunmi Tunji-Ojo, called on all citizens and friends of Nigeria to appreciate the progress that has been made in the country’s democratic journey and to look forward to a brighter future.

“As we celebrate Democracy Day, we must appreciate the progress that has been made and remain hopeful for a better future for Nigeria’s democracy,” the minister said.

This year’s Democracy Day comes at a crucial time as Nigeria continues to navigate economic challenges and security concerns. The public holiday on June 12 provides an opportunity for Nigerians to reflect on the importance of democracy and the ongoing efforts to strengthen the nation’s democratic institutions.

As the nation prepares to observe the public holiday, there is a sense of anticipation and hope that the values of democracy will continue to guide Nigeria towards a prosperous and harmonious future.

The government’s declaration serves as a reminder of the enduring legacy of June 12 and the importance of upholding democratic principles.

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Guilty on All 34 Counts: Trump Convicted in Hush Money Case

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In a historic and unprecedented legal decision, former President Donald Trump was found guilty on all 34 counts in his “hush money” trial, making him the first former U.S. president to be convicted of a crime.

The verdict was delivered by a jury of 12 New Yorkers on Wednesday, concluding a six-week trial in Manhattan.

The charges against Trump centered around falsifying business records to cover up a $130,000 payment to adult film star Stormy Daniels before the 2016 presidential election.

The jury found Trump guilty on all counts, concluding that he authorized a scheme to falsify checks and related documents to keep the alleged affair from becoming public knowledge.

Prosecutors from the Manhattan District Attorney’s Office presented evidence showing that the conspiracy to cover up the payment began during Trump’s 2016 campaign and continued into his first year in the White House.

They argued that Trump, along with his associates, created false records to mislead voters and conceal the payment.

Trump, who has consistently denied having any sexual encounter with Daniels, responded angrily to the verdict. Speaking to reporters outside the courtroom, he called the trial “a disgrace” and accused the judge of bias.

“This was a rigged trial by a conflicted judge who was corrupt,” Trump stated.

He vowed to continue fighting the verdict, saying, “The real verdict is going to be Nov. 5 by the people, and they know what happened here and everybody knows what happened here. We’ll fight to the end.”

The conviction comes at a critical time for Trump, the presumptive Republican nominee for president in the 2024 election. Despite the conviction, there is no constitutional barrier preventing him from running for office again.

Legal experts note that the Constitution’s requirements for presidential candidates—being at least 35 years old, a natural-born citizen, and a U.S. resident for 14 years—do not include any disqualification for being a convicted felon.

Judge Juan Merchan has scheduled Trump’s sentencing for July 11. The defense has until June 13 to submit any motions, with the prosecution required to respond by June 27.

Trump’s legal team indicated they would prefer a sentencing date in mid to late July.

Trump’s conviction adds to the already intense political climate as the nation prepares for the 2024 elections. The trial has drawn significant media attention and public scrutiny, reflecting deep divisions within American society.

The trial highlighted broader issues regarding campaign finance and the use of hush money in politics. It also raises questions about the integrity of presidential candidates and the lengths to which they might go to protect their public image.

As the legal and political ramifications of this verdict unfold, Trump’s conviction on all 34 counts marks a significant chapter in U.S. history.

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President Tinubu to Inaugurate Newly Paved Roads to Apapa, Tin Can Ports

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President Bola Tinubu is set to inaugurate the newly constructed paved roads leading to the Apapa and Tin Can Island ports in Lagos on Saturday.

This development is anticipated to bring significant relief to port users and operators who have endured years of hardship due to the previously dilapidated roads and severe traffic congestion in the area.

The commissioning of these roads marks a major milestone in the government’s efforts to improve infrastructure and boost economic activities around the nation’s busiest ports.

The newly paved roads are expected to enhance the flow of goods and services, reduce operational costs for businesses, and alleviate the chronic traffic bottlenecks that have plagued the Apapa and Tin Can Island areas.

President Tinubu, who is scheduled to arrive in Lagos on Saturday morning, will perform the inauguration as his first assignment of the day.

The ceremony signifies a commitment to addressing the infrastructural challenges that have long hindered the efficiency of Nigeria’s maritime sector.

Mohammed Koko, the Managing Director of the Nigerian Ports Authority (NPA), highlighted the importance of this project earlier this year.

He emphasized the NPA’s “zero tolerance for all forms of impediments to the free flow of traffic” and reiterated the agency’s dedication to improving port operations.

“Our zero tolerance for all forms of impediments to free flow of traffic is no fluke,” Koko said, noting that the rehabilitation efforts are aimed at consolidating gains achieved first in Apapa and now extending to Tin Can.

In January 2024, President Tinubu directed the Federal Ministry of Works to urgently and comprehensively repair the access roads to the Lagos Port Complex and Tin-Can Island Port Complex.

The Minister of Marine and Blue Economy, Adegboyega Oyetola, echoed the urgency of this directive, pointing out that the poor condition of the port access roads had significantly increased internal logistics costs for importers and exporters.

“The dilapidated port access roads increase the cost of internal logistics for importers and exporters,” Oyetola noted.

The improved road infrastructure is expected to curb the exodus of businesses from the Apapa and Tin Can Island areas, which had been driven away by the severe logistical challenges.

The restoration of these critical routes is also anticipated to enhance Nigeria’s competitiveness in international trade by facilitating smoother and more efficient port operations.

Following the inauguration of the port access roads, President Tinubu is also scheduled to flag off the Lagos to Calabar coastal road project at Victoria Island in Lagos.

Also, he will virtually inaugurate the newly rehabilitated 3rd Mainland Bridge, further underscoring his administration’s commitment to revitalizing Nigeria’s infrastructure.

The series of inaugurations and project launches underscore a broader strategy to enhance connectivity, reduce operational bottlenecks, and stimulate economic growth through improved infrastructure.

The completion of the Apapa and Tin Can Island port roads is a pivotal step in this direction, promising a new era of efficiency and productivity for Nigeria’s maritime sector.

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