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Law School Gist

Between Law school and NOUN Law Graduates

THE sudden transfer of Hon. Justice B.O. Quadri of the Federal High Court in Port Harcourt to Abuja Judicial Division after fixing a date for judgment on the Nigerian Law School admission tussle between the students of National Open University of Nigeria (NOUN) and the Council of Legal Education (CLE), leaves much to be desired. The preliminary objection alone lingered in the court for over a year but finally was ruled in favour of the students prior to commencement of the substantive matters.   NOUN, a FGN-special project in compliance with the UN Millennium Development Goal (MDG) on education was established by Chief Olusegun Obasanjo’s administration. To motivate Nigerians, Obasanjo enrolled in the university’s programme, graduated and is presently doing a doctorate degree in Theol...

Market Makers in Nigeria: The Law and Regulation

The Nigerian Stock Exchange (NSE) and the Securities and Exchange Commission (SEC) have released common criteria for licensing of market makers in Nigeria. The new criteria, ostensibly a response to the current global financial meltdown would be a part of a composite strategy to brief relief to investors and prevent a total meltdown of the stock market. The Nigerian Stock market was rated as the worst performing in the world for the month of January 2009. It has been predicted by some analysts that Nigeria’s Gross Domestic Product (GDP) will drop from 6.3 per cent in 2008 to 3.6 per cent in 2009. The NSE proposes a hybrid market model that allows for a simultaneous operation of quote and order-driven markets. Under the guidelines, a market maker is defined as “a participant, licensed by th...

SYMPTOMS OF LAW SCHOOL STRESS

You’ll get sick: more colds and headaches. You’ll worry more than you work. You’ll notice more problems with your family and friends. You’ll have some significant change in your personal habits: you’ll lose your appetite or you’ll want to pig out all the time; you’ll want to sleep all the time or you won’t be able to sleep; you’ll want sex all the time or you’ll never want sex again. You’ll go into survival mode: fight, flight or freeze: You’ll fight: You’ll find yourself speaking words of excuse and anger — like “All lawyers are asses” or “All law professors are pompous, arrogant fools. You’ll flee: You’ll start skipping classes, skipping assignments or— just as much a problem — doing the reading and coming to class but neglecting to think about either. You’ll freeze: You’ll find speaking...

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