₦airaland Forum

Real Igbos who have investment stake in Lagos state will cooperate with their Yoruba brother hosts.

In real practical sense, our economic and political interests here in Lagos are actually aligned for prosperity same way Hausas in Igboland will cooperate with their Igbo brothers hosts.

This is laudable and I assure them that they will be well rewarded.
May God bless them and Nigeria for ever.

This kind of report is not necessary.
HE Atiku actually humiliated the PDP committee that chose Wike over Okowa.Simple.

All this media attacks agaimst Wike will not work. Atiku will not win and if Wike remains in PDP, even his silence will continue to haunt them all. Wike has not even said half of what some Presidents have said yet he performed very well at the PDP primaries. They are afraid of him

This one is for APC

Crypto Lawsuit Deluge Has Big Firms Scrambling to Keep Up
BY SAM SKOLNIK

New regulations, class cases keeps practices growing.

Crypto lawyers say recent downturn just a “correction”

Cryptocurrency litigation is soaring, prompted by a surge of investors in the space, and US proposals promise more rules to fight over in coming months and years.

Crypto has generated more than 200 class action lawsuits and other private litigation as of this month, up more than 50% since the start of 2020, according to Morrison Cohen, which tracks the activity. Half of all crypto litigation are class actions or private suits, according to the firm’s data.

“There’s been a steady stream of cases from regulators, but what’s really exploded is private litigation,” said Jason Gottlieb, chair of Morrison Cohen’s white collar and regulatory enforcement practice group in New York.

The rise in litigation is encouraging Big Law operations to bolster their crypto practices. Firms including Jenner & Block, Goodwin Procter, and Morrison & Foerster in the last few months have added new crypto partners to their rosters, including former fraud prosecutors, securities litigators and investment funds lawyers.

The litigation growth comes at a tumultuous time for crypto. A backer of the collapsed TerraUSD stablecoin lost $3 billion in cryptocurrency reserves in a failed effort to restore its peg to the dollar, Bloomberg News reported Monday. Bitcoin on May 12 hit its lowest level since 2020 and was down 50% from its November high, according to Bloomberg.

Perkins Coie has so much activity on the crypto front that it holds weekly team calls, typically including 50 to 70 firm attorneys, said Joe Cutler, firmwide co-chair of the firm’s fintech industry group. “We have content coming out of our ears,” he said.

At Latham & Watkins, more than 700 lawyers worked on crypto or blockchain issues in 2021 alone, said Yvette Valdez, co-chair of the firm’s global digital assets and Web3 practice.

“The market is exploding, not just at the partner level but at the associate level too,” Valdez said.

The result is a buyer’s market for lawyers, as firms see colleagues leave for general counsel positions at crypto companies, said Joshua Ashley Klayman, U.S. head of fintech and head of blockchain and digital assets for Linklaters in New York.

The world’s largest cryptocurrency exchange by trading volume, Binance Holdings Ltd., is looking to hire more than 30 lawyers, Bloomberg Law reported Monday. Another cryptocurrency exchange, Bittrex Global GmbH, hired a Shearman & Sterling senior associate late last year to be its general counsel.

“There’s seemingly a fire hose of work that could, and does, come in,” Klayman said.

Crypto Rules
New US government crypto polices in progress promise even more work for firms.

US lawmakers, including Pennsylvania’s Pat Toomey, top Republican on the Senate Banking Committee, are proposing legislation. Toomey last month released a draft proposal to set new rules for stablecoins, Bloomberg News reported.

Commodity Futures Trading Commission Chairman Ross Behnam said last week that federal regulators are considering steps they can take if Congress fails to act. US Securities and Exchange Commission Chair Gary Gensler has said he believes most digital assets are subject to his rules and that he’s beefing up enforcement.


Upcoming rules are “going to generate a ton of litigation,” said Mark Califano, a partner with Dentons and an independent director of the crypto exchange Bitstamp USA Inc.

The Lawsuits
The crypto lawsuits keeping firms busy touch on commercial matters, employment, and business failures that sometimes involve bankruptcies.

Celebrities, and even a famed French fashion house, became enmeshed in private legal actions.

Plaintiffs in early January filed a putative class action against Kim Kardashian, former boxing champ Floyd Mayweather Jr., and others in Heugerich v. Gentile. The suit alleges the defendants made false and misleading statements in social media posts to investors of the cryptocurrency token EthereumMax.

One week later, Hermes International, the Paris-based maker of scarves, women’s bags and other lifestyle accessories, sued Mason Rothschild in federal court in Manhattan. The suit alleges trademark infringement of the company’s Birkin bag trademarks.

The defendant allegedly created and sold METABIRKINS NFTs, short for “non-fungible tokens,” or non-replicable, digital collectible items, in the augmented or virtual-reality “metaverse.”

Some of the suits involve initial coin offerings and questions over whether the bits are really unregistered securities offerings, Gottlieb said. The SEC is examining creators of NFTs and the exchanges where they trade to determine if some of the assets run afoul of agency rules, Bloomberg News reported in March.


Crypto Practices
At most firms, crypto efforts are structured as interdisciplinary groups that involve partners—and increasingly, associates—from existing firm practices.

The lawyers working on crypto have specialties such as tax, banking, mergers and acquisitions, capital markets, data privacy, and patents and intellectual property.

Their efforts run the gamut from business formations and dissolutions, to regulatory work and litigation, Klayman said. Specific matters include everything from writing letters to the SEC to keeping clients aware of regulations and disputes, she said.


Firms try to make clients aware of how to get on the right side of regulations before the company is targeted, said Judie Rinearson, co-chair of the global fintech group at K&L Gates.

“It takes a special lawyer-client relationship to navigate regulations and laws that are a little gray or unclear,” Rinearson said. “You want to be the good guy in this.”

‘High-End Counsel’
Despite the recent downturn in crypto value, firms said they’re optimistic about the future of their practices, with new venture capital and private equity investments padding crypto companies.

“Money is still pouring into crypto,” Cutler said. Despite last week’s drops, “I’ve yet to get a panic call,” he said.

He termed crypto value declines as corrections that need to be put in perspective. “When people focus on days, weeks, or months, and not years, it’s easy for them to conclude it’s wildly volatile,” Cutler said. “But it’s not true.”

Andrew Ceresney, co-chair of Debevoise & Plimpton’s litigation department, said his firm sees no shortage of paying crypto clients.

“In the beginning, there weren’t many crypto companies that had the means to be able to afford us,” Ceresney said. “Now, more and more crypto companies are able to afford high-end legal counsel.”



https://news.bloomberglaw.com/business-and-practice/crypto-lawsuit-explosion-has-big-law-scrambling-to-keep-up

cc Seun Mynd44 Lalasticlala

funshint:
This is actually the best time to buy....when prices are low!

Stop lying to people so more can get burnt more! You buy dip for real investments!
not for a ponzi on the hope that a greater fool comes along to pay more for something as useless as bitcoin.
What you are doing is immoral and illegitimate. These are real people getting sucked in as suckers and fools!

jaephoenix:
Judging by your analogy, forex, stocks etc are all scams since they have lost more money than crypto, within this same period

It seems pointless explaining this kind of untruthful comparison but let me try .

when I buy stocks of Dangote cement, Dangote cement uses my money to produce a value called cement which it sells at a profit that people pay for to build their houses and other constructions. Dangote earns the profit and shares it as dividend.

If Dangote makes a loss, I can still hold on to my stocks of Dangote or sell to an investor willing to wait until Dangote makes a profit or until when a new owner takes the company like it happened in Dangote flour when it was bought by Olams with all its machineries and land assets etc and eventually got delisted and all the shareholders paid. The price rallied from less than N1 to over N20! That is value ! That is stocks investment and it is regulated by law.

Unlike Dangote, your cryto does not create value and earn no profit to share as dividend, you just hope that a greater fool is willing to pay more for something worthless. It is a ponzi.

AsomArchitectNG:
It's definitely going up again

Slim091:
Perfect time to invest..

VeeVeeMyLuv:
Let it form reversal pattern atleast on monthly time frame before u think about buying the dip.

That is for real investments with value. The promoters will go up nowhere than in jail


Please stop decieving the greedy ponzi-loving gamblers.
It thrives on greater fool theory as no real value exists for the worthless digit tokens.

chukzyfcbb:
Let it keep falling to 15k, so I can keep mopping up cheap coins.

I was stupid in 2017 to sell off my bag, only to watch it soar after like 2yrs when nobody was talking bout it.

Once beaten twice shy.

I like as everybody is wailing...i have been waiting for the bearish market for so long to fully re enter

15k I see u

Please stop giving a false impression to lure more fools.

Only fools and greater fools will fall for this. If you really have money , you won't be putting it in a ponzi.

PYO broke the laws of Power; never outshine your Master.
He underestimated the amount of hardwork and political goodwill earned by Asiwaju behind the Asiwaju Tinubu political structure that landed the VP slot in his lap without him,PYO, working for it.

Now those paid writers busy revising the obvious history of how his benefactor, Asiwaju Tinubu , made him VP can now go and rest.

Asiwaju made Prof. Osibanjo the VP by giving him that VP slot.

…LSDPC partners private developer to re-model fallow land for mass housing scheme

…‘Lagos remains most hospitable environment for investors’ - Elumelu


A major urban renewal project that will restore the aesthetic landscape of Falomo, the commercial suburb of Ikoyi in Lagos State, has been flagged off by Governor Babajide Sanwo-Olu, on Friday.

Lagos State Development and Property Corporation (LSDPC) sealed a joint redevelopment partnership with Afriland Properties Plc, a private developer, to turn former Falomo Shopping Complex to a premium sky-high real estate that will enhance the socio-economic outlook of the neighbourhood.

Falomo Towers, being developed on 11,950 square metres of land, will offer a blend of green amenities that will promote quality living.

Afriland Properties Plc is a subsidiary of Heir Holdings, owned by the foremost entrepreneur and banker, Mr. Tony Elumelu.

Sanwo-Olu, at the sod turning ceremony held at the project site, said the construction flag-off ended a decade-long discussion with the developer to revive the project and build iconic towers that would turn around the fallow land for the benefit of the public.

The Governor said the project was another milestone achieved by his administration to renew urban amenities, stressing that the strategic implementation of the Lagos Masterplan had been dependent on the Government’s ability to forge workable partnership between the public and private sectors.

He said: “This is a phenomenal project that will bring back the lost ambience of Ikoyi. When this partnership was initiated 10 years ago, I was the Managing Director of LSDPC. It is interesting to note that we’ve all gone through arbitration but we didn’t throw a wrong punch. We agreed this project must not be thrown away. Today we are making a transaction that is bigger and better than what was initially proposed 10 years ago.

“This testifies to the uniqueness of public and private sectors in ensuring things can be made a lot better when we sit and agree. This is a clear example of what Public Private Partnership (PPP) model is out to achieve when partnerships and collaborations are pursued and implemented with seriousness. When we put our minds of possibilities to ideas, great things happen. This aptly describes the story of today’s flag-off of construction of Falomo Towers.”

Sanwo-Olu described Afriland Properties as a tested, trusted and reliable developer, saying the Corporation had found the right partner for the redevelopment project.

The Governor reiterated that the State Government would remain committed to ensuring the investors get full value for their investments, while promising to continue to pursue business environment reforms, including automation of land and property records to scale up transparency and efficiency that catalyse sustainable investments.

Elemelu said the partnership was another testimony to the Lagos State Government’s belief in the private sector as a key development driver in the State, praising the Lagos political leadership for setting the pace of private sector inclusion in governance.

For surmounting obstaclesthat delayed the take-off of the partnership, Elumelu said Lagos remained the most hospitable environment to investors seeking profitable return on their investments.

He said: “I commend Gov. Sanwo-Olu and the political leaders of the State for believing in the private sector. What we are witnessing today attests to their beliefs in the private sector as driver of development in the State

“For private sector to do well, the political leadership must create the right environment. Lagos has set the pace in this direction. This partnership is a celebration of dialogue and this makes Lagos remain the most hospitable environment for investors.”

LSDPC Chief Executive Officer, Hon. Ayodeji Joseph, said the project site evoked memories of a glorious past for Island dwell in the 1970s, noting that the Corporation took an informed decision to turn around the site by building residential apartments to provide additional accommodation to the growing middle class, business professionals and the swelling rank of young citizens.

He said: “Over forty years down the line, the Corporation in its decision to renew some of its facilities has deemed it fit to redevelop the site of the shopping complex, taking into consideration the realities of today’s needs as well as the environmental impact implications.

“To achieve this purpose, we decided to mobilise finance from the private sector. This decision will free resources that could otherwise be tied down to this project, for other pressing needs. In addition, it will allow the project to benefit from the competitive efficiencies for which the private sector is better known.”

Chief Executive Officer of Afriland Properties, Mrs. Uzo Oshogwe, noted that the redevelopment project was a revival of a landmark, saying: “With the project, we tend to give Ikoyi back its aesthetic landmark

She said the iconic project would enhance and beautify Ikoyi skyline, adding that the partnership would be creating economic opportunities and social wealth that would transform the State and the country.

The project development is expected to be completed in 30 months.

https://lagostoday.com.ng/housing-sanwo-olu-flags-off-development-of-falomo-towers-in-ikoyi/

Hmmm. Bagholder. South Christian-South Christian ticket won't fly if they make a mistake of not replacing him.

Whether it is PDP or ADC or LP, please do not vote for them.
In fact, ignore them all, reject the candidates with poor records of 8-year elective public service and vote for only Asiwaju Bola Ahmed Tinubu.

Asiwaju Tinubu is the only one among all the Presidential candidates who has the smartest first-class brain and best stewardship in public service.

Do not cast your vote for a candidate with 3rd class in Philosophy from UNN like HE Obi or one with ordinary Diploma like HE Atiku when you have a holder of cum laude (First Class Distinction) in Accountancy from Chicago State University like Asiwaju Tinubu.

Vote for brilliance, competence and proven excellence. Vote for Asiwaju Bola Ahmed Tinubu.

Myself2:
Wike's rambunctious and errstic personality is his major undoing. Any president that has Wike as his vice will never be able to sleep easy. Wike will rock the boat repeatedly

Wike is a result-oriented personality and trust me, it is better to have folks like that on your team than pretenders who are unstable in their treacherous ways.

The 19-man PDP committee is right by choosing him over Okowa. He is close to what Asiwaju Tinubu was when Asiwaju was his age; ready to fight anyone in their way!
I remember Asiwaju Tinubu going physical inside the Lagos State House of Assembly in year 1999 or so when the state legislature where playing games with him.
I urge Wike to retain his style and courageous personality. He still has time on his side and if he crossess over to APC, trust me, that will be catastrophic for PDP in Rivers and SS.

Is he back from Egypt? LP seems to be on autopilot.

NaijaRoyalty:
No shaky shaky hands and legs

No stuttering

No haggard looking or smelly smelling

A president of a country should look sharp and always ready to go

Peter Obi is a good example of what a president should look like

See pictures below



We rise

keep cruising online while serious candidates are busy meeting with important political stakeholders and electorates.

It is more like you are getting ready for another 8-year wailing 2.0 because same fate that happened to you when you mocked HE Buhari and he won twice awaits you.

Asiwaju Tinubu will win but you will still blame him for your political umseriousness and naivety.

I am not a pity or PDP fan but truth be told, there is something fundamentally immoral and treacherous about the emergence of HE Okowa when it is actually HE Wike who merits it.

Atiku has just few hours left to replace Okowa with Wike or just forget Wike's support.

Even those close to Okowa will not trust him and will sabotage the Atiku-Okowa quest eventually

buckeyemedia:
Delta State will not vote for a Yoruba man like Tinubu, we have our pride.

The big heart State forever number 1.

Same Delta with Yoruba - Itshekiri link or another Delta?
Asiwaju is closer by blood and ancestral ties to Delta state than Alhaji Atiku. You probably do not know this

Sincerely, it is only HE Wike that matched all the qualiities HE Atiku stated that he wanted in a VP.
Wike actually earned that VP slot and just got cheated.
Atiku has till 12 midnight today to correct the 'error' or should I day injustice.

Hmmm. With the 13 digits there then his bank account balance is in hundreds of millions naira. He is likely a billionaire if this is not his only bank account.

Sincerely, it is only HE Wike that matched all the qualiities HE Atiku wanted in a VP.
Wike actually earned that VP and just got cheated.

Azadus and Pretty & Junior

You are so wrong, EU has ditched Russian has and found new suppliers and just yesterday, the Presidents of France , Germany and Italy were in Kyiv to suppprt Zelensky.
https://edition.cnn.com/europe/live-news/russia-ukraine-war-news-06-16-22

railone:
Should I pull up that Journalist dead report on all the major news outlet you guys term western media?

You go just stay for your house cook western propaganda. no research, no facts just propaganda and inshallah.

Go check how many years now, the US has been petitioning Israel to embrace a 2 state solution to the Palestine conflict.

The want Jerusalem, something any sane person will know can't happen. Jerusalem is one of the significant core of Judaism and Christianity. Can they Muslim give up Mecca even when historically Mecca didn't belong to them unlike Jerusalem?

Please do not bring in bigotry and shallow arrogance from deep ignorance.
In the first place, Jerusalem is not only for Judaism and Christianity like most ignorant folks think. By virtue of the link that both Islam and Christianity has to Abraham, the Judaism and Islam faithfuls are related. As a matter of fact, both faiths believe that the resting place of their Patriach Abraham is Jerusalem.

Secondly, I suspect that you know nothing or very little about Al-Aqsa mosque in Jerusalem. That mosque is one of the Holy sites in Islam and Islamic faithfuls go there on Holy pilgrimage especially during the last 10 days of Ramadan. The mosque is just seperated by a wall from the Holy sites of Judaim faithfuls.

Mecca is not fought for by Christians for obvious reasons you do not know; the Isrealis there were itenerant business folks before the city became an Islamic city and unlike Christianity, Islam as a religion came much years after Christianity.

Fimally, not everyone insisting on justice is a Muslim. I am appalled that an Isreali security operative assasinated that innocent and defenceless woman and still used batons to beat mourners carrying her coffin. It was completely despicable. I am sure that if it was in Nigeria this happened, hypocrites will go all over the social media to call for the head of the security officer who killed Shirleen Abu Akleh. I suspect that you will be among them.

If US has deployed the same political will it is using to dole out billions of donation, loans and military aids to Ukraine for supporting the 2 state solution to help the Palestinians suffering from Apartheid in their own land or compel Isreal to return the Golan Heights to the owners, the hypocrisy of US and the west won't be so obvious.

It is the chicken coming home to roost. Russia is doing to Ukraine same thing Israel is doing to Palestine. Incidentally, while the Palestinians are being killed by the Isrealis in small numbers , Russia is practically killing Ukranians in droves and redrawing the map of Ukraine. That is the problem with injustice; injustice to one is injustice to all.

It is immoral of EU signing a gas deal with Isreal at this time and if I am EU, I will ditch Isreal gas and go for Nigerian gas. Nigeria will not be using the proceeds of gas to buy artillery kill citizens of another nation.
That murder of Shirleen is completely atrocious and UN must get justice for her and her children.

seunny4lif:
Oooh but Israeli is also grabbing lands.
Israeli have not returned Syria land to Syria government and Jordan land to Jordan government or is it only Russia is bad Stories

Anyway my own is fuel prices are all time high with the massive billions euros on oil subsidy as in £2 per litre for fuel
Electricity bill in summer is €300

German Economy Minister Habeck complains that restrictions on energy deliveries from Russia are political, not technical as Russia have cut off supplies through NS1 by 20%.
But isn’t that what you wanted?

You really got it sir! It is this hypocrisy of EU and the West that the Arabs have been complaining about and explains why the Arabs never joined the west in condemning Russia.

Al Jazeera has aired a few debates on this double standard when the West and EU turn a blind eye to same crime Isreal is committing against the Palestinians but want others to condemn Russia. It will not work if it does not promote justice.

Just few days ago, Isreal forces killed a defenceless US-Palestinian journalist, Shirleen Abu Akleh, while covering a protest and followed up by using batons on those carrying her coffin yet the West kept quiet and went on to now reward Isreal with a multibillion dollar gas contract.

Hmmm.EU is fishing in troubled waters.

I will be the least surprised if this plan fails. They should have opted for Nigerian gas instead.

He should for ever be grateful to the University of Lagos(UNILAG) which gave him that platform. Despite all the aluta, he still calls UNILAG home.

His predecessor in ULSU, UNILAG, was the fire brand dreadlocked first class Comrade Olusegun Maiyegun.


https://www.youtube.com/watch?v=drvo-nlq94U

Those were the years of serious student unionism.

Did he really finish with Third class in UNN's Philosophy department after spending 12 years on a 4-year course ?

If that is true ehn, Lagos APC alone will make a kill of this.

In Lagos politics, if you do not want to be publicly ridiculed, if you know that you have poor university grade like 3rd class, please do not contest for the governorship of Lagos state.

If you want people to write your biography and family history for you for free, just join politics.

Please bring your investments to Lagos State.
Your investments are safe and you're guaranteed of a working business environment.
Please join others already doing so.
Lagos is the right place to site your investments. You, your family and investments are safe in Lagos.
Please invest in Lagos today.
Thank you.

ONGOING LEGACY PROJECT: THE ETI-OSA-LEKKI-EPE EXPRESSWAY MASSIVE CONCRETE ROAD PROJECT (Eleko Junction to EPE) construction by the Administration of Governor Babajide Sanwo-Olu (@jidesanwoolu).

PROJECT DETAILS:

- Contractor: Craneburg Construction

- Rigid Pavement (Concrete road)

- Project Distance: 18.75 Km (Phase 1)

- 6-lane dual Carriageway with dedicated truck lane for heavy duty vehicles

- 1.5km Pedestrian Walkway and Drainage on both sides

When completed, perennial traffic gridlocks would be eliminated, improvement of socio-economic activities in and around Lekki-Epe Expressway and surroundings, reduce travel time etc

- Second Phase will start at Abraham Adesanya Junction to Eleko Junction with a span of 26.7km.

https://twitter.com/Mr_JAGs/status/1536642259021594624?t=9Hzx3PZb96CoI8ZmwBIGPw&s=19

I know that you are politically naive and idle.

If you like open one billion threads on him on nairaland and the social media, the reality on groumd is that he is going nowhere.

Opening threads and typing on social media is so easy to do that a single individual can open multiple accounts to post multiple threads but it is just plain stupid to think it will translate to votes especially in the rural areas and among millions not on social media or can not understand English.

At best, he will get an equivalent of the votes to win Alimosho LGA in Lagos state.

Probably a distant 5th position in the Presidential election after Asiwaju, Atiku, Kwankwaso, Sowore if he does not quit before elections to join Atiku

There is no polling centre online and to win elections, you need structures in every of the wards in Nigeria not every social media.

You are all wasting your time and it is quite unfortunate.

You are just idle and politically naive.

If you like open one billion threads on him on the social media, the reality on groumd is that he is going nowhere.

Opening threads and typing on social media is so easy to do that a single individual can open multiple accounts to post multiple threads but it is just plain stupid to think it will translate to votes especially in the rural areas and among millions not on social media or who can not understand English.

He will get an equivalent of the votes to win Alimosho LGA in Lagos state.

Probably a distant 5th position in the Presidential election after Asiwaju, Atiku, Kwankwaso, Sowore if he does not quit before elections to join Atiku

There is no polling centre online and to win elections, you need structures in every of the wards in Nigeria not every social media.

You are all wasting your time and it is quite unfortunate.

If you like open one billion threads on him on the social media, the reality on groumd is that he is going nowhere.

Opening threads and typing on social media is so easy to do that a single individual can open multiple accounts to post multiple threads but it is just plain stupid to think it will translate to votes especially in the rural areas and among millions not on social media or can not understand English.

He will get an equivalent of the votes to win Alimosho LGA in Lagos state.

Probably a distant 5th position in the Presidential election after Asiwaju, Atiku, Kwankwaso, Sowore if he does not quit before elections to join Atiku

There is no polling centre online and to win elections, you need structures in every of the wards in Nigeria not every social media.

You are all wasting your time and it is quite unfortunate.

Polchiz:
Even the stubborn El-Rufai is panicking already.

You better get sense.

You really think politics is nikelodon. Kaduna is bigger than the whole of SE and Kaduna is in the ruling party so if El Rufai takes a position, do not toy with it.
I am happy that Ohaneze Igbo Elders have seen that your campaign is a joke gone too far and started negotiating with HE Atiku. The best bet for Igbo is PDP, not APGA, not YPP, not LP and definitely not APC perhaps until 2039.
I will not help you elongate this worthless campaign. It is not worth it. It is a voyage in nothingness.