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Over 4,000 NOUN Law Graduates Petition Attorney General Over Exclusion From Nigerian Law School Admissions

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In the petition signed by the group’s president, Mr. Adefowora Adedeji, and secretary-general, Mr. Samuel Udofia, the graduates decried what they described as “discrimination” against over 4,150 qualified NOUN law graduates, who have been denied the right to apply for the programme, despite being recognised under the National Open University of Nigeria (Amendment) Act, 2018.

More than 4,000 law graduates from the National Open University of Nigeria (NOUN) have petitioned the Attorney General of the Federation and Minister of Justice, Lateef Olasunkanmi Fagbemi SAN, seeking urgent intervention over their exclusion from the 2025/2026 Nigerian Law School Bar Part II vocational training admission exercise.

In the petition signed by the group’s president, Mr. Adefowora Adedeji, and secretary-general, Mr. Samuel Udofia, the graduates decried what they described as “discrimination” against over 4,150 qualified NOUN law graduates, who have been denied the right to apply for the programme, despite being recognised under the National Open University of Nigeria (Amendment) Act, 2018.

The petitioners recalled that former President Muhammadu Buhari signed the amendment into law, paving the way for NOUN graduates to be admitted into the Nigerian Law School for the first time.

They argued that the current exclusion violates Section 42 of the 1999 Constitution, which guarantees freedom from discrimination and equal rights for all citizens.

According to the graduates, many of them have been waiting for more than five years to proceed to Bar Part II, with some already advanced in age, while others have died without fulfilling their aspirations.

They emphasised that denying them admission, while graduates of other Nigerian universities are accommodated, amounts to “a national crisis.”

The petitioners proposed that at least 600 NOUN law graduates be distributed across the seven campuses of the Nigerian Law School as a practical solution to the backlog.

They noted that earlier sets of NOUN graduates admitted into the Law School had performed commendably, proving their competence and capacity for professional legal training.

The graduates urged the Attorney General to impress upon the Council for Legal Education and the Nigerian Law School the urgent need to resolve the matter in the interest of fairness, justice, and national development.

The statement read, “We, the undersigned, wish to express our profound gratitude for the support we received from the presidency, under president Muhammadu Buhari, who signed National Open University of Nigeria (Amendment) Act, 2018 (Act No.6 of 2018), into law which resulted in the admission of the first set of law graduates from the National Open University of Nigeria (NOUN) into the Nigerian Law School.

“We bring to your kind attention, Your Excellency, our rights to equal legal education have been jeopardised in the just-released Nigeria Law School 2025/2026 bar part II vocational training admission exercise, which excluded the Noun law graduates from applying for the professional program of being trained in the law school as barristers and solicitors of Nigeria this year.

“This has become a national crisis. Law graduates from other Nigerian universities are given the right of admission to the Nigerian Law School, while excluding us. This is against the constitutional principles of equality, fairness, and justice.

“We have equal rights to legal education like other Nigerian university law graduates. It is against our right enshrined in section 42 of the Constitution of the Federal Republic of Nigeria 1999 (as amended). This is a pure state of discrimination!

“However, it is pertinent to inform you, sir, that we are over 4,150 NOUN law graduates currently still awaiting admission into Bar Part II , Nigeria Law School. Many among us have waited an average of more than five years, while many have sadly passed away, and the majority of us are now advanced in age.”

“In light of this situation, we earnestly seek your intervention to impress upon the Council for Legal Education and the Nigerian Law School the urgent need to address our matter. Specifically, we are requesting an immediate admission action plan that will accommodate these over 4,000 graduates into Bar Part II within the shortest possible time,” the statement said.

They noted that their “request for direct admission into Bar Part II is firmly grounded in the relevant laws and the following reasons: The Act establishing the National Open University of Nigeria (2018 as amended) has removed any existing lacuna regarding our eligibility.

“Provisions under the Legal Education (Consolidated, etc.) Act (Cap. L10, Laws of the Federation, 2004), which established the Council for Legal Education, stipulates that law graduates (LLB) from Nigerian universities are eligible for such admission.”

“Denying us the same opportunity granted to our seniors will amount to discrimination and an infringement on our fundamental rights under Section 42 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended),” the statement said.

“Lastly, the commendable performance of the first NOUN law graduates admitted into the Nigerian Law School—who have distinguished themselves academically and in character—stands as clear evidence of our readiness and capacity,” it added.

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National Pension Commission (PenCom) changes price disclosure rule

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National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to discontinue the publication of daily unit prices for Retirement Savings Account (RSA) and Retiree Funds on their websites, replacing the requirement with a six-month disclosure of returns based on a three-year rolling average.

The directive was contained in a circular issued by the commission.

Under the new guideline, PFAs must stop implementing Section 2.0 (iv) of the Commission’s March 23, 2013 circular, which required them to display daily unit prices for the last seven days.

Instead, they are to publish on their websites the last six months’ rate of return — calculated as a 36-month compounded rolling average in line with the Circular for the Calculation and Reporting of Rate of Returns by Licensed Pension Fund Operators (LPFOs).

According to the commission, the rate of return must be clearly displayed on the homepage of each PFA’s website.

For instance, the six-month disclosure covering April to September 2025 would reflect the 36-month compounded returns ending in each of those months.

This has however raised transparency concerns in the pension industry.

The 2013 circular on Minimum Information to be displayed on PFA Websites formed part of PenCom’s transparency framework for the Contributory Pension Scheme.

The latest addendum modifies that requirement but does not remove PFAs’ obligation to disclose performance information.

Industry watchers say the development may reignite debate over the balance between long-term investment reporting and real-time transparency in Nigeria’s pension industry.

All enquiries on the addendum, the Commission said, should be directed to its Surveillance Department.

An industry analyst who does not want her name mentioned said the move could reduce contributors’ access to real-time performance data.

She said: “Daily unit prices allowed RSA holders to independently track short-term movements and detect fluctuations in fund valuation.

“With only a three-year rolling average now required, contributors will no longer see recent performance in isolation”, she noted.

The analyst added that while pension funds are long-term vehicles, removing daily disclosure raises concerns about information asymmetry.

“PFAs will still compute daily valuations internally. The issue is whether contributors should be denied access to data that already exists,” the analyst said.

However, another pension expert defended the directive, noting that pensions are structured for long-term accumulation and should be assessed over extended periods.

“A 36-month rolling average smooth’s out short-term volatility and provides a more accurate reflection of sustained performance,” the expert said, warning that excessive focus on daily fluctuations could encourage reactionary fund switching.

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Dollar rises in black market on Monday, traders quote new exchange rate

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Dollar edges higher against the naira in black market trading Dollar edges higher against the naira in black market trading

The United States dollar at the parallel market increased in value on Monday, Febuary 23 with traders quote at N1,375/$ as the new selling exchange rate.

The new rate is a slight depreciation for the naira when compared to N1,343 a dollar market closed on Friday, February 20, 2026.

Abdulahhi, a forex dealer, told Legit.ng that the new exchange rate follows renew demand in the market.

“I am currently selling dollars at N1,375/$1 and buying at N1,355/$1. The pound is trading at N1,845 to sell and N1,805 to buy, while the euro is also moving steadily in the market.

“It seems this week the dollar will return to over N1,400. I have been getting a lot of request.”

The fall of the naira comes as BDC operators continue to face difficulties in accessing dollars from commercial banks.

BDCs can get dollar

The apex bank had previously issued a circular allowing licensed BDCs to access foreign exchange through authorised dealers at the prevailing market rate.

Under the directive, each BDC is permitted to purchase up to $150,000 weekly, subject to Know Your Customer (KYC) requirements and due diligence checks, Punch reports.

Leadership reported that despite a policy announcement, some operators disclosed that no transactions have been completed under the new arrangement.

A BDC operator, who requested anonymity, said the directive remains largely unimplemented. According to him, the circular provides that disbursements will be made through settlement accounts, a provision that has raised operational concerns.

He questioned the feasibility of seamless, real-time transfers between domiciliary accounts across different banks, noting that such infrastructure may not yet be fully in place.

The operator added that while commercial banks appear supportive of the policy, many are still developing internal processes to align with the CBN’s directive.

He explained that BDCs are required to submit bid orders through their banks, which would then access the market on their behalf.

Naira in the official market

Meanwhile, in the Nigerian Foreign Exchange Market (NAFEM), the naira closed against the US dollar on Friday, February 20 at N1,346.32/$1 from N1,341.35/$1 a day earlier.

At the GTBank FX desk, the naira weakened by N7 against the dollar to quote N1,356/$1.

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