Papers by Omowonuola A Alabi Esq
THE ROLE OF LAW, JUDICIARY AND LEGAL PROFESSION ON INSECURITY IN NIGERIA, 2024
Security essentially means freedom and the mindset of ease. When one is secure, he has no worries... more Security essentially means freedom and the mindset of ease. When one is secure, he has no worries of any kind. In Nigeria, the threat of insecurity is a significant concern, manifesting in various forms such as terrorism, insurgency, inter-communal conflicts, and widespread criminal activities.Ever since the country gained its independence from its British Colonial Masters, it has struggled to keep a decorum of peace in its citizenry, as various conflicts arise which seems to have no end up till this day. The country has been faced with tumultuous range of mass insecurity which has affected the country and even in its perception to the global community! The paper examines the challenges of national insecurity and development, alongside the role of law in Nigeria's developmental journey and in securing effective national security.
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NET OPEN POSITION (NOP) RULES IN NIGERIAN BANKS , 2024
NOP represents the difference between a bank's foreign exchange (FX) assets and liabilities. It r... more NOP represents the difference between a bank's foreign exchange (FX) assets and liabilities. It reflects the bank's risk exposure to currency movements. Net Open Position (NOP) refers to the difference between a company's foreign currency assets and its foreign currency liabilities. In simpler terms, it's a way to measure a company's exposure to foreign exchange (FX) risk. Foreign Currency Assets: This is the money a company holds in currencies other than its own (e.g., US Dollars, Euros). Imagine a Nigerian company has some money in a US Dollar bank account, that's a foreign currency asset. Foreign Currency Liabilities: This is the money a company owes in currencies other than its own (e.g., a loan taken out in Euros) Who Uses NOP? Banks and other financial institutions heavily involved in foreign currency transactions closely monitor their NOP. Businesses that import or export goods might also track their NOP to understand potential FX risks. Recent Developments in Nigeria Despite macroeconomic pressures, Nigerian banks maintain a positive net open position and strong earnings. The naira's depreciation affects capital adequacy ratios, but most banks remain resilient. Foreign-currency shortages persist due to parallel market rates and weak supply fundamentals. Pressure on asset quality continues due to high inflation and interest rates. Key Risks for Nigerian Banks in 2024: Global Liquidity: Some banks need to refinance external debt amid higher interest rates and investor risk-off sentiment. Weaker Asset Quality: Credit cycles linked to the oil and gas sector and foreign-currency risk persist.
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The digital economy is fast breaking new grounds and is becoming a global phenomenon. In 2018, th... more The digital economy is fast breaking new grounds and is becoming a global phenomenon. In 2018, the Nigerian Investment Promotion Commission explained that the Nigerian digital economy is expected to generate $88 billion and create three million new jobs by the end of 2021 2. Under the Companies Income Tax (CIT), all companies registered in Nigeria are subject to the Companies IT. Section 13(1) of the Companies Income Tax Act (CITA) provides that; "The profits of a Nigerian company shall be deemed to accrue in Nigeria wherever they have arisen and whether or not they have been brought into or received in Nigeria".
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To determine the competence of a child, the court is expected to perform two basic tests. It is t... more To determine the competence of a child, the court is expected to perform two basic tests. It is trite that a child who is prevented from understanding questions put to him or from giving rational answers to these questions, by reason of tender years is not a competent witness . The two preliminary tests are:
1. The court by virtue of sections 155, 180 and 183 of the Evidence Act is expected to investigate whether the child is possessed of sufficient intelligence to be able to understand questions put to him or answer such questions rationally.
2. Does he understand the duty of speaking the truth and the nature of Oath taking?
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In hospitals, there is often a slogan pasted on the wall which says “WE CARE, BUT GOD HEALS”. Thi... more In hospitals, there is often a slogan pasted on the wall which says “WE CARE, BUT GOD HEALS”. This sign can be translated to be a warning and at the same time, a cause for relief. Warning in the sense that total treatment of a disease, which can lead to recovery is not always verifiable and at the same time, it means, one can get relief from such sickness. We will focus on the WE CARE part. This means that a medical practitioner is mandated to care for patients until there's no further remedy. But can we say all medical practitioners follow this rule
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Drafts by Omowonuola A Alabi Esq
AI BOTS 2023, 2023
One of the main advantages of AI bots is their ability to handle a large volume of tasks or inter... more One of the main advantages of AI bots is their ability to handle a large volume of tasks or interactions quickly and efficiently. They can work 24/7 without getting tired or needing breaks, and they don't require the same level of supervision as human employees. This can save businesses time and money, especially if they have a high volume of repetitive tasks or a large customer base.
AI bots can also be programmed to learn and adapt over time, which can improve their performance and make them more effective at handling complex tasks
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Papers by Omowonuola A Alabi Esq
1. The court by virtue of sections 155, 180 and 183 of the Evidence Act is expected to investigate whether the child is possessed of sufficient intelligence to be able to understand questions put to him or answer such questions rationally.
2. Does he understand the duty of speaking the truth and the nature of Oath taking?
Drafts by Omowonuola A Alabi Esq
AI bots can also be programmed to learn and adapt over time, which can improve their performance and make them more effective at handling complex tasks
1. The court by virtue of sections 155, 180 and 183 of the Evidence Act is expected to investigate whether the child is possessed of sufficient intelligence to be able to understand questions put to him or answer such questions rationally.
2. Does he understand the duty of speaking the truth and the nature of Oath taking?
AI bots can also be programmed to learn and adapt over time, which can improve their performance and make them more effective at handling complex tasks