The President of the Nigerian Bar Association (NBA) Mr. Paul Usoro SAN has set up a 14 member constitutional and Electoral Review Committee headed by Prof. Fabian Ajogwu SAN with a mandate to review the constitution to accommodate the corporate governance principles exemplified by the transparency, prudence and accountability with which the finances of the Association is being managed presently.
In a press release dated June 1, 2019 Mr. Usoro SAN stated
“Pursuant to the mandate that was given to me by the NBA NEC at its meeting that was held on 06 December 2018, I have constituted a Constitutional and Electoral Review Committee comprising the following eminent members of our Association
- Professor Fabian Ajogwu, SAN – Chairman
- Solomon Umoh, SAN – Alternate Chairman
- Titi Akinlawon, SAN
- Seye Opasanya, SAN
- Ibrahim Aliyu Nassarawa
- Henry Chidi Onyuike
- Ekpenyong Ntekim
- Yusuf Asamah Kadiri
- David Karshima
- Nkoyo Amah
- Aji Bubakari Kamale
- Dele Oloke
- Sule Shuaibu
- Adamu Aliyu Umar
One of the cornerstone legacies that my administration hopes to bequeath to succeeding NBA administrations would be corporate governance principles exemplified by the transparency, prudence and accountability with which we manage the finances of the Association. The practice of preparing and publishing the NBA’s Quarterly Financial Statement (“FS”) has come to stay and has been applauded by most well-meaning members of our Association.
Unknown to most, the NBA Constitution does not mandate that practice. My administration has institutionalized the practice merely because we know and believe it to be good practice, particularly in a circumstance that we are managing the Association’s funds in trust for the members. However, given the lacunae in our Constitution, there is the distinct if not imminent possibility and likelihood of that practice departing the NBA House with the effluxion of my administration’s tenure – except of course the Constitution is amended to institutionalize, with prescribed sanctions in the event of default, the preparation of the Quarterly FS by the elected executive, presentation of the FS to NEC at its quarterly meetings and publication of same to all members.
I have used the preparation and publication of the NBA’s Quarterly FS to illustratively make the point for the review of our Constitution in a manner that, amongst others, would entrench the principles of corporate governance in the administration of our Association’s affairs. That of course informed my selection of a renowned corporate governance teacher, Professor Fabian Ajogwu, SAN to chair the review Committee. As I have done in other instances, I have included some Branch Chairmen as members of the Committee in the expectation that they will carry the torch and flag of the Committee to the Branches and assist the Committee and all of us in achieving our collective goals and aspirations. 5. We would continually update members with the workings of the review Committee in the weeks and months ahead.”