Shareholders, under the auspices of the Independent Shareholders Association of Nigeria (ISAN) said the nation’s economic fortune has deteriorated further in the last decade due mainly to the distortion in the administration of justice.
The shareholders’ pressure group said, poor coordination and lack of cohesiveness’ between the three tiers of government in the administration of justice in Nigeria has continued to impact negatively on various economic policy road maps.
The national coordinator of ISAN, Dr Anthony Omojola said, the federal government nonchalant attitude and lip service to the administration justice in Nigeria and the economy compelled the group to interrogate the seeming national cancer.
According to Omojola, the interrogating through a national seminar scheduled for October 26, 2022, in Lagos has become imperative in the face of the declining fortunes on return on investment for both domestic foreign investors.
He argued that the forthcoming ISAN conference on the administration of justice in Nigeria and our economy aims at creating an enabling interface between government, legislators, shareholders and numerous operators of investment windows.
In his own contribution, ISAN coordinator emeritus, Sir Sunny Nwosu said that the dynamic character of the global economy has made it a compelling impetus for the federal government to harmonise the laws moderating the economy.
Nwosu submitted that the absence of harmony in the administration justice, particularly in managing the nation’s verse resource and human capital has manifested in recent times to raw materials theft, brain drain, declining revenue accruable to government and increasing labour unrest.
He urged the federal government to speedily coordinate and harmonise the operating legal instruments moderating the economy insisting that, “unless government embarks on the needful, the soul and spirit of subsisting economic policy documents will not be achieved.”
The one day conference under the chairmanship of Dr Aigboje Aig-Imoukhede, chairman of Coronation Capital Limited will feature Barrister Chuks Nwachuku as the guest lecturer.
The other dignitaries’ expected at the conference scheduled to hold in Lagos included captains of industries, such as; chairman of Zenith Bank Plc, Dr Jim Ovia, chairman of Heirs Holdings, Dr Tony Elumelu, Board chair of Guinness Nigeria Plc, Dr Omobola Johnson, CEO of Nigerian Exchange Group, Mr Oscar among others.
