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    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, establishing a unified framework to regulate virtual assets and strengthen Nigeria's digital economy. The President signed the order pursuant to Section 5 of the 1999 Constitution (as amended), and it took effect immediately, according to a statement issued Friday by presidential spokesperson, Bayo Onanuga. The statement explained that the order was designed to address a fragmented regulatory landscape, where overlapping and disjointed oversight by government agencies had exposed Nigerians to risks such as money laundering, terrorism financing, cybersecurity threats, fraud and revenue losses. It noted that unregistered operators had exploited these gaps in the past to defraud unsuspecting citizens. To close these loopholes, the order establishes a Virtual Asset Council chaired by the Central Bank of Nigeria (CBN), with the Nigeria Revenue Service (NRS) and the Securities and Exchange Commission (SEC) serving as vice-chairs. Other members include the Nigerian Financial Intelligence Unit (NFIU) and the Office of the National Security Adviser (ONSA). The Council will set policy direction, foster cooperation among the agencies, and collaborate with the Attorney-General of the Federation to build a harmonised legal and institutional framework for the sector. A Virtual Asset Office will also be created as the Council's operational arm, with its secretariat based at the CBN. The office will coordinate information sharing, applications and reporting among agencies through an integrated supervisory technology platform. The statement clarified that the order does not create a new regulator or strip any agency of its existing powers. Instead, registration of virtual asset activities will be determined by the nature of the asset involved — the SEC will register security-related activities, while the CBN will handle payment, settlement, custody and other non-security virtual asset services. The Council will resolve any disputes over jurisdiction. As part of the coordinated approach, the CBN is proceeding with a regulatory sandbox that will allow eligible operators to test virtual asset products and blockchain-based solutions under close supervision before they reach the wider market. The NRS is also expected to release a tax policy for the virtual assets sector to strengthen compliance and ensure the industry contributes fairly to national revenue. Additionally, the Federal Government is finalising a Virtual Assets White Paper that will outline the country's long-term policy direction for the sector. The Council has been given 30 days to develop a Harmonised Implementation Framework to guide agencies in enforcing the order.

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    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, establishing a unified framework to regulate virtual assets and strengthen Nigeria's digital economy. The President signed the order pursuant to Section 5 of the 1999 Constitution (as amended), and it took effect immediately, according to a statement issued Friday by presidential spokesperson, Bayo Onanuga. The statement explained that the order was designed to address a fragmented regulatory landscape, where overlapping and disjointed oversight by government agencies had exposed Nigerians to risks such as money laundering, terrorism financing, cybersecurity threats, fraud and revenue losses. It noted that unregistered operators had exploited these gaps in the past to defraud unsuspecting citizens. To close these loopholes, the order establishes a Virtual Asset Council chaired by the Central Bank of Nigeria (CBN), with the Nigeria Revenue Service (NRS) and the Securities and Exchange Commission (SEC) serving as vice-chairs. Other members include the Nigerian Financial Intelligence Unit (NFIU) and the Office of the National Security Adviser (ONSA). The Council will set policy direction, foster cooperation among the agencies, and collaborate with the Attorney-General of the Federation to build a harmonised legal and institutional framework for the sector. A Virtual Asset Office will also be created as the Council's operational arm, with its secretariat based at the CBN. The office will coordinate information sharing, applications and reporting among agencies through an integrated supervisory technology platform. The statement clarified that the order does not create a new regulator or strip any agency of its existing powers. Instead, registration of virtual asset activities will be determined by the nature of the asset involved — the SEC will register security-related activities, while the CBN will handle payment, settlement, custody and other non-security virtual asset services. The Council will resolve any disputes over jurisdiction. As part of the coordinated approach, the CBN is proceeding with a regulatory sandbox that will allow eligible operators to test virtual asset products and blockchain-based solutions under close supervision before they reach the wider market. The NRS is also expected to release a tax policy for the virtual assets sector to strengthen compliance and ensure the industry contributes fairly to national revenue. Additionally, the Federal Government is finalising a Virtual Assets White Paper that will outline the country's long-term policy direction for the sector. The Council has been given 30 days to develop a Harmonised Implementation Framework to guide agencies in enforcing the order.

    Tinubu Signs Executive Order To Regulate Virtual Assets, Digital Economy

    Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

    Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

    Tinubu Wanted Young Female Deputy Governor, Says Hamzat

    Tinubu Wanted Young Female Deputy Governor, Says Hamzat

    Bode George Blames Excessive Land Reclamation for Lagos Flooding

    Bode George Blames Excessive Land Reclamation for Lagos Flooding

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

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    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

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Home Leadership 360°

Prominent City Lawyer Shakeer A. Oshodi Honored with Prestigious SDNON Excellence in Legal Innovation Award

Seunmanuel Faleye by Seunmanuel Faleye
May 4, 2025 - Updated on August 2, 2025
in Leadership 360°
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Prominent City Lawyer Shakeer A. Oshodi Honored with Prestigious SDNON Excellence in Legal Innovation Award
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Respected City Lawyer and Principal Partner at Robert Clarke SAN & Ade Oshodi Partners, Shakeer Adedayo Oshodi, Esq., was, on Friday, May 2, conferred with the SDNON Excellence in Legal Innovation Award in recognition of his transformative contributions to judicial practice in Nigeria, in a solemn gathering brimming with reverence for legal excellence and civic dedication.

The Society of Digital Newspaper Owners of Nigeria (SDNON), led by its President Adeniyi Ifetayo, presented the award, drawing inspiration from John F. Kennedy’s immortal words: “Ask not what your country can do for you, but what you can do for your country.” Ifetayo emphasised that this ethos perfectly encapsulated Oshodi’s career—a relentless pursuit of legal innovation and societal betterment.

The occasion was graced by a select delegation of SDNON executives, including Oluwaseun ‘Seunmanuel’ Faleye, General Secretary of SDNON, and Kanyinulia Okeke, Public Relations Officer of the society, among other notable figures. Also present was Barr. A.O. Afolabi, Esq., a protégé of Oshodi, who lauded his mentor as “a worthy leader who has shaped countless legal minds, many of whom have gone on to become icons in the profession.”

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A visibly moved Oshodi, Principal Partner at Robert Clarke SAN & Ade Oshodi Partners and a Notary Public of the Federal Republic of Nigeria, likened the honor to one of the most defining moments of his career—when Chief Robert Clarke SAN entrusted him with the leadership of his esteemed law firm.

“I am so excited; the feeling today is similar to how I felt when Chief Robert Clarke told me to take over his firm,” Oshodi remarked in his acceptance speech. He further described the recognition as an “invisible force” that would propel him to further elevate legal practice and societal impact in Nigeria.

With over two decades of distinguished legal practice, Oshodi has carved a niche as a versatile and dynamic attorney. A proud alumnus of the University of Lagos, where he earned his LLB and LLM degrees, he was appointed Notary Public in 2014, further cementing his standing in Nigeria’s legal community.

His firm, Robert Clarke SAN & Ade Oshodi Partners, emerged from a strategic merger in August 2022, expanding its footprint across Corporate Business Law, Oil & Gas, Aviation, Property Law, and Criminal Law. Notably, Oshodi has championed pro bono services, demonstrating an unwavering commitment to justice for all.

Outside his legal prowess, Oshodi is a Vice President of the prestigious Eko Club and an active member of Ikoyi Club 1938. A true polymath, he excels in chess, team sports, and aquatic activities, embodying the balance of intellect, strategy, and vitality.

The SDNON Excellence in Legal Innovation Award not only celebrates Oshodi’s past achievements but also ignites his resolve to push boundaries in Nigeria’s legal sector. As he aptly noted, “This recognition is not an endpoint, but a catalyst for greater service.”

With this honor, Shakeer A. Oshodi solidifies his legacy as a legal luminary and a beacon of progressive change—an inspiration for the next generation of Nigerian lawyers.

Seunmanuel Faleye
Seunmanuel Faleye

Seunmanuel Faleye is a brand and communications strategist. He is a covert writer and an overt creative head. He publishes Apple’s Bite International Magazine.

Tags: SDNONShakeer A. Oshodi

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  • Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government
  • Tinubu Signs Executive Order To Regulate Virtual Assets, Digital Economy
  • Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline
  • Tinubu Wanted Young Female Deputy Governor, Says Hamzat
  • Bode George Blames Excessive Land Reclamation for Lagos Flooding

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