Category Archives: Financial Independence

NEW YORK, Feb. 3, 2022 /PRNewswire/ --The Knowledge House (TKH) welcomes applicants to apply for their 2022 Innovation Fellowship - the 12 month intensive program to prepare youth and young adults for technology-based career opportunities in the areas of web development, data science, and design. The Innovation Fellowship provides free digital skills training in coding and design programs through technical training, career support, and a comprehensive network of partners to help disconnected job seekers secure rewarding careers in the tech economy and become financially independent. The annual program will serve young people, ages 14-35, in three (3) major cities -- Los Angeles, CA; Atlanta, GA and Newark, NJ as well as continued programming in New York State. The award-winning nonprofit organization looks forward to accepting 200 new students into their award-winning program by July 1st.

"The Knowledge House is a tech-enabled movement, solving the employment and income disparities in our communities. As the COO, I look forward to building and supporting an agile, and scalable environment, an impact-driven team, and helping build a movement to further our mission," Cyrus Z. Kazi, Chief Operating Officer, the latest member to join The Knowledge House team.

The Knowledge House looks forward to offering hybrid, in-person classes along with their online classes for students in all four cities, especially in Newark with support from BRICK Education Network. "South Ward Promise Neighborhood is excited to enter a partnership with The Knowledge House (TKH) to help close the gap on access to technology for our South Ward families. As we have seen exasperated over the last two years, access to technology is extremely limited and, in some cases, non-existent in many of our South Ward homes. This amazing partnership with TKH will not only bring 21st Century digital resources to our neighborhoods, but will substantially increase the household income of 30 South Ward families by helping caregivers secure employment in the technology and coding fields. TKH is transforming communities through access to opportunities in the digital age." Justine Asante, Director of Partner Operations at BRICK Education Network.

Applications for The 2022 Innovation Fellowship can be found at:http://www.theknowledgehouse.org/apply/

Applicants must be:

To speak with Jerelyn Rodriguez, CEO of The Knowledge House about providing technology based careers for youth and young adults of NYC, Newark, Atlanta and Los Angeles young people in the tech industry, please contact: Kim Wilson Marshall, PR Consultant, [emailprotected] or 646.721.4375

About The Knowledge House (TKH)The Knowledge House (TKH)is committed to taking low-income youth and young adults from unemployment and underemployment to financial independence and stability by providing them with free technical training and professional development services that put them on a direct path to employment in the tech sector. Companies that hire our graduates include Bloomberg LP, McKinsey and Company, DStillery, Citibank, Facebook, and Goldman Sachs.

Since its founding in 2014, TKH has grown to serve nearly 2,000 young people in New York. In 2021, TKH is expanding its programming to serve young people in Newark, Atlanta, and Los Angeles.

The Knowledge House has received generous funding from: NBA Foundation, American Heart Association, Robin Hood Foundation, Microsoft, Bloomberg, Capital One, French Montana, Goldman Sachs, New York Community Trust, Summerfield Foundation and more.

The Knowledge House has been featured in: Blavity, Ebony,Forbes,Crain's New York BusinessWABC "Here & Now"and many other media outlets.

To learn more, visit theknowledgehouse.org/

SOURCE The Knowledge House

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Innovate & Elevate: The Knowledge House Welcomes Applicants for the 2022 Innovation Fellowship - PRNewswire

Some of the 'rules' about mortgages, paying with cash and retirement savings may be worth another look

Traditional financial advice like the kind you got from your parents is often true but even experienced investors might rely on maxims that are outdated and no longer serving your financial well-being.

In fact, quite the opposite, as sticking to adages like "cash is king" (money is more valuable than other investments like stocks and bonds) and "all debt is bad" may be financial relics that you can stand to update.

Here are 5 money thoughts that you can ditch to keep a young financial mind:

1. Pay Your Mortgage Off Early

One rule that may have become obsolete is paying down your mortgage faster than usual. With mortgage interest rates low, there's a good argument that putting that money elsewhere and earning a higher return over time may be a better bet than paying down your mortgage early. "Trying to decide between eliminating debt and investing for the future can be a difficult decision," says Jason Laux, retirement advisor atSynergy Group, a retirement planning firmin White Oak, Penn.

"Saving and investing for retirement is going to offer you a better return over time."

"But mortgage debt isn't always a bad thing. If you put off saving for retirement in order to pay off your mortgage early, you may end up house rich but cash poor," says Laux.

Instead, prioritize your personal finances. Use any extra money to max out contributions to your 401(k) or IRA. "Saving and investing for retirement is going to offer you a better return over time," Laux says.

2. Cash is King

Over the long run, holding significant amounts ofcashensures that you'll suffer significant lost opportunities, explains Robert R. Johnson, professor of finance at Heider College of Business, Creighton University, and the co-author of "The Tools and Techniques of Investment Planning, Strategic Value Investing and Investment Banking for Dummies."

He explains that when it comes to building wealth, you can either sleep well or eat well. If you invest conservatively, you sleep well because of little volatility. But it doesn't allow you to eat well because your account won't grow large enough to keep you well-fed.

According to data compiled by Ibbotson Associates, large capitalization stocks (think S&P 500) returned 10.3% compounded annually from 1926 through 2020.

Over that same time, long-term government bonds returned 5.5% annually and T-bills returned 3.3% annually.To put it in perspective, $1.00 invested in the S&P 500 at the start of 1926 would have grown to $10,945 (with all dividends reinvested). That same dollar invested in T-bills would have grown to $21.71. "The surest way to build wealth over long-time horizonsisto invest in a diversified portfolio of common stocks," says Johnson.

3. You Must Have a Financial Advisor

Twenty years ago, if you had disposable income, you gave it to a financial advisor, who invested your money into safe, boring vehicles earning roughly 7% 10% per year, explains Stefan von Imhof, CEO of alts.co, one of the world's largest alternative investing communities. "Today, retail investors are increasingly shunning financial advisors, and managing investments themselves."

Imhof explains that a decade ago, 57% of households with $500K+ in net worth and a prime earner under 45-year-old had an investing style considered "mostly self-directed." By 2019, that number has shot up to 70%.

"New generations are self-educating and taking on higher levels of risk to get higher returns," says Imhof. They look to invest in alternatives, which usually aren't an option with mainstream advisors," he says. Today, managing your portfolio on your own or with light guidance from an occasional financial check-up with a professional may be the preferred way to go.

4. Contribute 10-15% Toward Retirement

"Sure, this advice will work for someone who plans on working until their mid to late 60s," says Ty Jones, a personal finance and retirement blogger who blogs at AskTheSavingsGuy, a Financial Independence Retire Early (FIRE) advocacy blog, "but if you want to retire in your 50s, you'll need to save much more aggressively."

By saving 25% of your income, a 30-year-old with no retirement savings could reach their retirement goal by age 55 instead of age 63, which is what it would be if they were to contribute only 15% per year based on the 4% rule and assuming an 8% return. Bumping up your 10% percent retirement savings to 20 or 25% can ensure both a more robust retirement portfolio and allow for earlier retirement, explains Jones.

5. Stick to the 4% Retirement Rule

This rule says you can spend 4% of your retirement funds annually and not run out of money. Johnson says, research, most notably by WadePfauof The American College of Financial Services, shows that while historically that rule of thumb worked in the United States, the current environment of low bond returns increases the likelihood that retirees may well run out of money if that ruleisapplied going forward.

Originally posted here:

5 Money Thoughts That Might Be Aging You - Next Avenue

Image source: Getty Images

Your financial independence depends on your ability to generate more passive income than your cost of living. Unfortunately, the cost of living is rising rapidly. Meanwhile, dividend and rental yields are declining. The typical rental property in Canada is likely to be cash flow negative, while dividend stocks pay 2-3% on average.

These unfortunate circumstances have pushed some investors to take on more risk. Risky tech stocks, Decentralized Finance (DeFi) products, and volatile alternative assets have become more common in the hunt for passive income. However, there is a better way. Here are two unconventional strategies that can help you boost your passive income while mitigating risk.

Most major banks and investment platforms will allow you to implement a systematic withdrawal plan. The plan allows you to sell a predetermined portion of your stocks every year to take some profits off the table. In other words, you get to tap into capital gains to boost your passive income.

For this to work, you need to focus on a blue-chip dividend stock with a healthy and predictable rate of growth. Fortis (TSX:FTS)(NYSE:FTS) is an excellent example. The utility giant experiences steady growth as Canadas population expands and electricity consumption increases.

The stock has delivered a 43% return over the past five years, which is a compounded annual growth rate of 7.4%. If you implemented a systematic withdrawal plan of 3%, you could boost your passive income without eroding capital over time. Coupled with the dividend yield (which is 3.6% right now), you could have doubled your total cash flow from this investment.

In the years ahead, the Fortis team expects to expand earnings by 4-6% annually. That means its still an excellent candidate for a long-term systematic withdrawal plan.

Heres another niche strategy to boost passive income: covered calls. This strategy involves writing call options on stocks that you plan to hold for the long term. It allows you to hold onto your stock, collect dividends, and also collect the premiums paid by traders over time.

Now, implementing this strategy by yourself could get complicated. Youll need to buy stocks and write call options independently, which isnt recommended if youre a beginner. Luckily, theres a more convenient option covered-call exchange-traded funds (ETFs).

The ETFs trade like regular stocks but offer a much greater yield than their vanilla counterparts. For instance, BMO Equal Weight Banks Index ETF, trading under ticker ZEB, and BMO Covered Call Canadian Banks ETF, trading under ticker ZWB, both focus on Canadian banks. But the former offers a 2.9% dividend yield, while the latter offers a 5.4% yield. Thats a large difference, based on a simple options strategy.

If youre bullish on Canadian banks but also want to boost passive income, switching from ZEB to ZWB could be a savvy decision.

Simple strategies like covered calls and systematic withdrawal plans can help you boost passive income without raising risk exposure.

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2 Little-Known Tricks That Could Boost Your Passive Income - The Motley Fool Canada

Londoners, like everyone else in the UK, have slowly grown accustomed to life outside the EU, but a handful of residents have developed their own vision for the future. Hamish Stewart is one of a growing number of people in the capital who would like to see London become an independent city-state.

He runs an advocacy group called London Independence that envisions an independent London, free from the "shackles" of the rest of the UK, regaining its place in Europe. Speaking to MyLondon, Hamish shared some of his ideas to see London achieve greater autonomy and gradually reverse some of the after-effects of Brexit.

READ MORE: New Brexit rules that could leave people unable to go on holiday

Since Brexit, weve seen increasing food prices and challenges in the labour market, which has made life for people and businesses in London all the more challenging," he said.

London has always been a European capital and I think anyone in London understands that putting that at risk and damaging the personal and professional links with Europe is a problem.

Hamish says that public consciousness in regards to an independent London started in 2016 after the Brexit referendum, in which the majority of Londoners voted for the UK to stay in the EU.

He underlines that London wanting independence is not to suggest that theres a problem with the rest of the UK, but is simply to suggest that London is a European city that needs to have an independent relationship with Europe as well as greater financial autonomy, much like the Channel Islands and Gibraltar.

However, he describes London one day being a member of Europe as a city-state as the ideal outcome, citing examples of other micronations in the EU like Luxembourg and Malta.

On that note, Hamish abstains from dictating the exact direction London should take in its reintegration into Europe, explaining that countries like Norway and Switzerland, which arent part of the EU but are participants in the European Economic Zone, could also be taken as models.

He added: One rhetorical question we would ask is, why wouldnt Londoners and London want to be part of Europe as a city-state, with the same levels of autonomy as Norway or Switzerland might have, or some of the other participants in the European Economic Zone who are not full EU member states but still enjoy the freedom of movement of goods and people?

Thats a question weve asked London MPs and the Mayor and the London Assembly. Are there reasons why London shouldnt have more of an independent relationship with Europe as a city-state?

"And then the question becomes, what membership model do you want to pursue? Thats a conversation we think should be happening now.

Asked what an independent London would look like, Hamish answers: The borders of an independent London are there to be negotiated on. I mean, the M25 is already there, but there could be discussion on bringing in some of the home counties as well.

Do you want to stay up to date with the latest news, views, features and opinion from across the city?

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He adds: We think the M25 can be converted into housing and a new park, and that would be our soft border with the rest of the UK.

The advocate also says London would have its own independent government based in the County Hall and more control over things like immigration and tax policy, as well as a property tax that would help to alleviate problems relating to unaffordable housing.

Hamish does not think London would need to prioritise having its own standing army as he believes being part of Europe would allow the city to benefit from collective security.

He also does not anticipate a hard exit from the UK, as he argues that the rest of the UK will be better off with a healthier, independent London that has a positive and productive relationship with Europe.

I think the relationship with the UK would be determined by who leads the transition to a city-state. Its about leadership and negotiation, he said.

Of course, London would have a mutually respectful relationship with the rest of the UK. As a city-state in England, London will still be reliant on the UK for its manufacturing base and food supply, and everything else we already participate in, so its just about political and financial autonomy.

But there is one catch. Hamish says an independent London would be a republic with a written constitution, meaning no more monarchy.

The land the Royal Family owns in London could be put into a trust and they could move to one of their castles outside of the city.

Nevertheless, Hamish believes that is a price most Londoners would be willing to pay to retain their connections with Europe and greater control over where their tax money is spent.

For most Londoners, keeping a personal and professional relationship with Europe is very important and so is respect for international law, and human rights law. On that basis, I would ask Londoners what future do you want to participate in, and what future do you want to contribute to as a taxpayer, as a member of society?

On basic terms, if you want to have public services like public education, the health service, water utilities and energy system run in a way that reflects the wealth that is present in London, there needs to be greater local tax powers and fiscal independence.

He concludes: That will only happen with a push to break away from the central government.

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Campaigner wants London to become its own country with housing built on M25 to create border - My London

CHICAGO, Feb. 1, 2022 /PRNewswire/ --RLM, a leadingfull-service integrated marketing and communications advertising agency, today announced that the company will be making an even greater commitment to helping women and girls in their local community, as well as throughout the U.S. and abroad. As such, to demonstrate this commitment, RLM is unveiling its new social impact program called the RLM Reading Nook Initiative.

Through the RLM Reading Nook Initiative, RLM will be making a five-year commitment to partnering with organizations who prioritize reading, and who are committed to ensuring all future female leaders have access to books and education. These organizations are purposeful about empowering girls with the freedom that comes from having access to books that deliver literary and educational insights that are needed for their success.

Furthermore, this five-year commitment will result in RLM raising and/or donating $500,000 (half a million dollars) in literacy education and hard materials to girls across the globe.

"We are so excited to bring education, access, freedom and ultimately, financial independence to thousands of future women across the globe," said Farissa Knox, CEO and Founder of RLM. "As a black female business owner, author and avid reader myself, I know how important it is for us to support young black girls and women specifically, as well as all other girls and women, on their future pathway towards success."

RLM will kick off their first community project by launching a book drive and fundraiser with a goal of donating 200 books and $100,000 in 2022. For every book that is donated, the company will match it with $5, and all books and funding will go to RLM's annual charity of choice.

This year's first charity of choice will be an organization calledRoom to Read. The Room to Read program focuses on helping children in low-income communities by bridging the gap in child literacy. They also focus their efforts on giving girls the books and tools they need to learn so that they can advocate for themselves.

RLM invites everyone to join them in their efforts to support literacy in women and girls, by donating books at their downtown Chicago offices, have them picked up by an RLM representative or donate monetarily online by going here.

To learn more about RLM Media visit https://rlm-media.net/ or schedule an in-office drop off here. Alternatively, you can call (773) 572-8797 and a representative will pick up books from you.

Contact:Emerald-Jane Hunter4704265920[emailprotected]

SOURCE RLM Media

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RLM Launches New Community Impact Program Designed to Help Women and Girls Both Locally and Around the Globe - PRNewswire

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Investing in your own financial independence could earn you a tax break this year.

By claiming the Retirement Savings Contributions Credit (Savers Credit), you can get a percentage of your contributions toward eligible retirement savings accounts back when you file your federal tax return. Your eligibility, and the amount you qualify for, varies depending on your retirement plan, adjusted gross income, filing status, and other factors.

If you contributed to a retirement plan in 2021, heres what you need to know about claiming the Savers Credit and what you can still do before filing your return to maximize the benefit.

The Savers Tax Credit allows eligible taxpayers to save money on taxes by contributing to an eligible retirement account.

Tax credits like this offer some of the most valuable savings you can get at tax time. Unlike a tax deduction, which reduces the amount of taxable income you report, a tax credit directly reduces the amount of taxes you owe or increases the refund amount youll receive.

And combined with the benefits that tax-advantaged retirement accounts like a Roth IRA or 401(k) already provide, the Savers Credit essentially gives your contributions a multiplied tax advantage.

You get triple benefits, says Mark Steber, chief tax information officer for Jackson Hewitt, which provides tax preparation services. You get an income tax reduction, you can get the Savers Credit which is a dollar for dollar offset of your tax liability and you get tax-free earnings. And it doesnt require a great deal more effort than putting a few hundred or a few thousand dollars in the bank.

For instance, if you make $1,000 in pre-tax contributions to your employer-sponsored 401(k) plan throughout the year, youll reduce your taxable income by $1,000. Then, if you qualify for the full Savers Credit, youll get 50% of your contribution back, or a $500 credit when you file federal income taxes. And over time, the money you contributed grows within the account until youre ready to retire.

If you didnt max out your retirement plan in calendar year 2021, some accounts eligible for the Savers Credit still allow contributions you make today to count toward your 2021 total at least until April 15.

If you contribute to a traditional or Roth IRA before submitting your tax return this spring, you can account for it when you file and claim the Savers Credit and other qualifying tax deductions, Steber says. Just remember to designate that money toward your 2021 contributions, and that the 2021 IRA contribution limit is $6,000 (or $7,000 if youre 50 or older).

You can make 2021 IRA contributions until April 15, 2022, according to the IRS.

However, not every retirement account allows this. You wont be able to make further 401(k) contributions toward your 2021 total, since the deadline for 2021 401(k) contributions was Dec. 31, 2021.

The Savers Credit is for taxpayers under a certain income threshold who contribute to qualifying retirement plans. To be eligible for the credit, you should be over 18 years old, not a student, and not listed as a dependent on someone elses tax return.

However, eligibility is capped after reaching specific income limits. If you make more than $34,000 as a single filer, $51,000 filing as head of household, or $68,000 as a married couple filing jointly, you wont be eligible for any Savers Credit amount.

Only new contributions to an eligible retirement account apply, so rollover contributions would not count. There are a few different eligible retirement plans, including:

The amount youll qualify for with the Savers Credit depends on how much you contributed toward qualifying retirement plans in 2021 and your income level, based on your adjusted gross income listed on your Form 1040.

The credit is equivalent to either 50%, 20%, or 10% of your contribution based on your income, and the maximum eligible contribution amount is $2,000 ($4,000 for married filing jointly). Therefore, you can get up to $1,000 (or $2,000 if married filing jointly) with the Savers Credit this year if you qualify for the highest amount.

Heres how the percentages phase out by income level, according to the IRS:

For instance, say you are married filing jointly with an AGI of $43,000. You can claim up to 20% of your qualifying retirement contributions from 2021 if you contributed a total of $2,000, that means you would get a credit equal to $400 when you file your return.

The Savers Credit is a lesser-known credit that only applies to those within a certain income threshold and isnt automatically applied. So, be sure to ask your tax preparer about your eligibility alongside other tax breaks you may qualify for.

To claim the Savers Credit, you or your tax preparer will complete the Credit for Qualified Retirement Savings Contributions Form (Form 8880). Youll need to show proof of your contributions usually your paycheck, IRA statement, or your contribution statement. Youll also need to show proof of your income to determine your eligibility for the credit such as your W2 showing your contributions to your 401(k).

Even if you dont think you qualify based on income, but youre on the cusp of the income threshold, you may still be able to claim the credit, says Tony Chan, CFP, investment advisor and tax planner at Crossroads Planning in Orange, California. Thats because eligibility is determined based on AGI (adjusted gross income) which is calculated after retirement contributions. You can use the table above, your return, and Form 8880 to check your eligibility.

If you use tax software to file your taxes, double check that Form 8880, Credit for Qualified Retired Savings Contributions form, populates before submitting your tax return, or lookout for the software program to ask you questions about retirement contributions. Chan recommends that with any tax filing software, its best to review the income tax return itself for any errors before submitting.

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How This Tax Credit for Retirement Investing Can Save You Up to $1,000 - NextAdvisor

People in their twenties and thirties are avid side hustlers. And they have good reasons to be. With the average student debt at $36,510 per borrower, recent college grads are starting their adult life in the red. Skyrocketing home prices and the recent surge in inflation are further pinching budgets.

Not surprisingly, side hustles for twenty- and thirtysomethings are considered so necessary to pay the bills that more than half of this generation have one or more side hustles.

On the bright side, some millennials say that side hustles also present an exciting opportunity. Side jobs allow them to test-drive projects that ignite their passions or provide some valuable benefit that they otherwise couldnt afford. In best-case scenarios, side hustles can lead to early financial independence and more rewarding careers.

Consider Vee Weir, 29. Five years ago, she held a marketing position at a toy company. She also had a pile of debt. So the Colorado-based animal lover started to watch dogs through Rover as a way of making a bit of extra money. She also launched a blog VeeFrugalFox. Although the blog didnt produce much income at first, her need to market it cheaply helped her hone her digital marketing skills.

When the toy company she worked for started laying off employees, Weir realized she didnt want another corporate job. She used the income she earned from Rover to help finance her startup, Weir Digital Marketing. Now, between the blog, her marketing agency and Rover, she earns considerably more than she did with her full-time job. And her schedule is far more flexible.

My side hustle allows me to live the life that I envisioned for myself, she says. At first, the little bit of money I earned with Rover was just enough to keep me going. Now, I do it to finance our vacations.

Rob Phelan, 32, is a Maryland high school teacher by day. At night, during lunch hours and on weekends, he creates childrens books and resources for other teachers and officiates lacrosse games. He also teaches an online course in entrepreneurship for kids. His goal is to earn enough in his free time to become financially independent at an early age. He knew he couldnt do that on his teaching salary alone.

However, he chooses his side hustles carefully. Whatever he does has to be completely flexible and generate a good hourly return for his time, he says. Thats because hes married and has a toddler. Time is precious.

Katy Roberts, 39, echoes the sentiment. She is also a teacher with young children. She started selling skin-care products through Rodan+Fields a few years ago because it allowed her to fit her side hustle into little pockets of time that she could spare during the day.

Its been a huge blessing, Roberts says. It covers all the extracurricular activities for my girls.

Debt primarily student debt is also a huge issue with this generation.

Like Weir, Jazzy Thatch, 30, graduated from college with a mountain of student debt. She earns good money as a project manager for a digital marketing agency. She also has a blog that brings in about $60,000 in revenue annually, and she creates and sells digital products, such as e-books and budget worksheets.

I needed extra money to help pay off my debt faster, she says. But she rejected a number of side hustles, such as Uber and DoorDash, as being too time-consuming for the money.

The side hustle needed to be worth the time I was spending, she says. I have done side hustles where you are testing websites and doing surveys and youre not making enough money to make it worth it.

Other great side hustles for people in their twenties and thirties include tutoring, virtual assisting and selling art and clothing.

Platforms including Juni Learning and Wyzant pay between $15 and $60 per hour, depending on the subject. And some tutoring platforms, such as Wize and LessonFace, allow tutors to set their own rates of pay. What are the best sites for online tutors? It depends on the subject you want to teach. Some specialize in math, science and coding; others focus on music, art and dance. And, of course, many tutoring platforms include a wide spectrum of topics, such as English and SAT prep. Here are the 12-best tutoring platforms, based on the type of tutoring you want to offer.

Another highly flexible side hustle is virtual assisting, which can describe anything from handling a clients email or scheduling to updating websites and managing social media accounts. Freelance virtual assistants can find work through Boldly, Belay and Time Etc. They typically earn between $15 and $50 per hour.

Artistic and creative? There are a plethora of sites that will allow you to sell crafts, drawings or paintings, or to license your art for sale on site-produced products. If you want to sell crafts, Etsy is the top choice, allowing craftspeople to cheaply list and sell homemade items.

Illustrators can find jobs through Fiverr; those who want to sell paintings and license their art for sale on products as varied as puzzles and aprons can upload their art to a variety of print-on-demand operations including FineArtAmerica, Society6 and RedBubble. With the print-on-demand sites, you earn a royalty on each sale.

Annie Darling, 21, is a full-time college student who launched a blog called Spectacular Girl to share her love of fashion. In between classes, she also sells her used clothing on Poshmark, one of several sites that invite fashionistas to resell good-condition used clothing and accessories. Other sites worth checking out include Mercari and EBay.

Kristof is the editor of SideHusl.com, an independent site that reviews hundreds of money-making opportunities in the gig economy.

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The best side hustles for your twenties and thirties - Los Angeles Times

Liron Mazor is an internationally recognized wealth management expert, and is the founder of Greengrass Wealth Management, Dealfo, and Soulful Money. Liron is well-known to international audiences as the former host of a popular personal finance show on Chai FM radio.

Liron Mazor has been honored with multiple awards for his contributions to the investment services industry. He holds a Bcom Honours and International CFP qualification.

Liron Mazor provides customized, tax-efficient wealth and retirement planning strategies for high-net-worth individuals and their families, emphasizing long-term, sustainable growth. He has spent the last year creating a course that focuses on the fundamentals of wealth creation, focusing on the practical, spiritual, and metaphysical fundamentals of financial independence.

He is currently most passionate about the work he is doing with OrbVest Israel, introducing qualified international investors to commercial health care real estate investment opportunities in the United States.

Historically, the healthcare industry has proven to be recession proof in the United States, which makes it a particularly attractive and resilient real estate sector in which to invest.

The 65 years and older age demographic continues to grow and older populations visit medical practitioners 5 to 6 times more often than younger age groups. Healthcare real estate should grow as demand for life science facilities, medical offices, and senior housing increases.

Another tailwind for growth is the shift away from traditional hospitals into outpatient and specialized facilities. This trend will create significant demand and profitable future opportunities for healthcare commercial real estate.

Until recently, commercial real estate investing was the exclusive domain of institutional investors and each investment required significant amounts of capital.

OrbVest is a global real estate company that invests in US income producing medical commercial real estate. Within seven years, OrbVest has assembled a portfolio of over 1.4 million square feet representing >$400m real estate under management (REUM) with an exceptionally high re-investment rate from repeat investors around the world.

OrbVest makes investing in medical commercial real estate in the United States simple for individual investors. Clients can invest directly into these carefully curated commercial medical real estate assets, generating regular, high-yielding returns that are distributed on a quarterly basis, creating annuity income and long-term wealth creation.

For qualified international investors seeking diversification and US dollar denominated investment returns in professionally-managed, high-yield medical real estate, OrbVest represents an outstanding opportunity.

OrbVest looks for multi-tenanted medical office buildings with high-quality tenants and weighted average lease terms of around 5 years or longer that contribute to higher yields and more predictable investment returns.

We have people investing from ten thousand dollars right up to a million dollars. Although we have ultra-high net worth investors who can do a million dollars per project, the bulk of our individual investors come in at between fifty to one hundred thousand dollars. We also have people who over time have consistently invested five to ten thousand dollars in every single project. My view would be to let them invest consistently and if we have a project every two three months wouldnt it be great to own a portfolio of 10 medical office buildings in the United States each producing cash on cash dividends.

Israeli investors see U.S. real estate as a hedge against the shekel and a way to diversify their investments with tangible, alternative assets that have a long-standing track record of outperformance.

To learn more about investment opportunities in healthcare commercial real estate in the United States, our Website is https://orbvest.co.il/ and I can be reached at +972 (50) 914-6138 or liron@orbvest.co.il.

Published January 31st, 2022

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A Conversation with Liron Mazor About OrbVest Israel and Healthcare Real Estate Investment Opportunities in the US - Influencive

Last week was a very busy one for the Nigerian Bar Association (NBA), as it held its Justice Sector Reform Summit at the Shehu Musa YarAdua Centre in the Nations Capital. The retinue of activities included special working sessions with Bar leaders, Lawyers, Judges and other stakeholders. The NBA President, Olumide Akpata and the Speaker of the House of Representatives, Olufemi Gbajabiamila, also signed a Memorandum of Understanding on behalf of the NBA and the House of Representatives. The two-day programme, culminated in the inauguration of the Electoral Committee of the NBA for its upcoming 2022 elections. Onikepo Braithwaite and Jude Igbanoi who attended the event in Abuja, report

NBA Will engage in the Process of Judicial Appointments

NBA President, Olumide Akpata, has urged stakeholders in the judicial sector to commit to herding constitutional and institutional reforms. Akpata pointed out that the decay in the nations justice sector, was the major reason for the Summit.

He said this at 2022 Justice Sector Summit tagged: Devising Practical Solutions Towards Improved Performance, Enhanced Accountability and Independence in the Justice Sector, organised by the NBA in collaboration with the Justice Research Institute, the Konrad Adenauer Foundation, the United Nations Office on Drugs and Crime, and the Justice Reform Project.

In his opening remarks, Akpata said Today, I believe that our call to action must begin from our admission of the state of affairs of our administration of justice, that we are thoroughly dissatisfied with. There is a convergence of opinion of both the Bar and the Bench, that the Nigerian justice delivery system is not operating at its optimal best.

Among the issues the NBA President said would be looked into at the Summit, is the process of appointment to the Bench of various courts in the country, which must be manned by not just the best hands we can find, but also by incorruptible minds.He urged stakeholders to commit to statutory and constitutional reforms, institutional and funding reforms, and manpower reforms, for the desired change to take place.The NBA President further said: The lip service that we have paid to these reforms over the years, must stop from today; while appealing to both the Bar and Bench to uproot every divisive tendency that is hampering the effectiveness of the justice sector in Nigeria.

AGF Malami Calls for Transparency in Judiciary Spending

At one of the working sessions of the Summit, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, urged the Judiciary to be more transparent in the utilisation of its budgetary allocation on its financial expenses. The AGF remarked that the Judiciary has consistently lamented about poor funding, and yet no one can tell how the money allocated to them was been expended. He therefore submitted that for the issue of inadequate funding to be addressed in the Judiciary, there must be a system in place that will allow the financial books to be opened.

He pointed out that, the starting point is transparency and accountability. Let the books be opened.

According to the AGF, even though the budgetary allocation of the Judiciary is higher than that of the National Assembly, the lawmakers seem to be better off than the Judiciary, so there is the need to know how much is provided and how it is applied. The same way that the Executive opens its books for public scrutiny, the same way the Legislators and the Judiciary should open theirs, he stated.On the issue of appointment of Judges, Malami advocated the need for a legislation that will remove all bottlenecks that take away merit, in the process of selecting and appointing judicial officers.

He maintained that the current guidelines used in selecting and appointing Judges promote incompetence, adding that the consideration of the Federal character principle, further robs the Bench of merit when appointments are been made.

Speaking on the financial autonomy for the Judiciary, Malami recalled several efforts by the President Muhammadu Buhari administration to ensure that the Judiciary is truly independent, citing Executive Order 10 among others, which he regretted is being challenged in court. He however, called for consensus building among the three arms of Government, to realise the independence of the Judiciary.Concept Note for the Proposed Justice Sector Summit by the Nigerian Bar Association and the Justice Research Institute; in collaboration with the National Judicial Council, the Konrad Adenauer Foundation, the United Nations Office on Drugs and Crime and the Justice Reform Project 25th January 2022

Background

An effective, fair, humane, accessible and accountable justice sector that enjoys the trust and confidence of citizens and businesses alike is indispensable for upholding the rule of law, and is a critical building block for the socio-economic and political development of any nation.

Despite all the efforts of the Judiciary, the other arms of Government, civil society and international development partners to work towards the establishment and maintenance of such a system in Nigeria, the Nigerian justice sector continues to fall short of expectations. Nigeria ranks 121 out of 139 countries on the Rule of Law Index of the World Justice Project (WJP) 2021. The WJP scores nations on eight factors including the state of the Criminal and Civil Justice System, where it measures, inter alia, whether criminal, civil and other judicial officers are competent and produce speedy decisions. It also measures the accessibility, impartiality and effectiveness of the Judiciary and other alternative dispute resolution mechanisms.

The National Judicial Policy developed under the auspices of the National Judicial Council (NJC) in 2017, identified the lack of efficiency of the judicial appointments process; lack of transparency and accountability in the judicial process and the administration of justice; poor judicial performance; the courts lack of capacity to promote and protect the rule of law; delay in justice delivery; the perceived inability of the Judiciary to sustain its independence; the poor quality of judgements; and the inadequacy of resources needed for the Judiciary to provide efficient administration of justice, among others, to be the reasons for the publics increasing lack of confidence in the Judiciary.

Whilst the National Judicial Policy identifies a broad range of challenges confronting the Nigerian justice sector, other stakeholders in the justice sector have focused on those aspects of the challenges that they consider to be most fundamental.The Justice Research Institute (JRI), has focused on the judicial appointments process. On August 8, 2020, the JRI held its first Law and Policy Webinar Series themed: Selection and Appointment of Judges: Lessons for Nigeria. The webinar examined the underlying weaknesses in Judges selection and appointment processes in Nigeria, and proffered recommendations for the creation of an ideal system that would attract and admit only the best candidates to the Bench.

Chaired by the Vice President of Nigeria, Professor Yemi Osinbajo GCON, SAN, the webinar featured senior Judges from Ghana, Kenya and the United Kingdom speaking on their respective judicial appointment systems. The webinar was also attended by Senator Ahmed Lawan, the President of the Senate; Rt. Honourable Femi Gbajabiamila, Speaker of the House of Representatives; and Hon. Justice Ibrahim Tanko Muhammad, CFR, Chief Justice of Nigeria.

The NBA on its part, has made elaborate proposals for reform of the judicature provisions in the 1999 Constitution, in a Bill it presented to the Constitution Review Committees of both Houses in the National Assembly as part of the ongoing Constitution Review process. The Bill focuses, amongst other issues, on the related problems of proper budgeting and funding for the Judiciary, and the need to separate the administration of the courts from the administration of justice. It also addresses a variety of steps proposed, to eliminate delays in the justice delivery process. In this regard, and in collaboration with the Justice Reform Project (JRP), the NBA has also put machinery in place to establish a Court Monitoring Scheme, designed to generate actionable data and statistics that would assist in identifying the primary causes of the delays in justice delivery.

Collaboration by Interested Stakeholders

The JRI planned to conduct a follow up webinar in 2021 on the judicial appointments process, to assess the output from its first webinar and take stock of any advancement that may have taken place as a result. However, it became evident that other stakeholders in the justice sector, specifically the NBA, the NJC, the United Nations Office on Drugs and Crime (UNODC), the Konrad Adenauer Foundation and the JRP were all planning a variety of initiatives, all aimed at addressing perceived challenges in the Nigerian justice sector. For example, the UNODC and the Konrad Adenauer Foundation had commissioned a study on the judicial selections and appointments process, with plans to host an event to publish the results and recommendations of the study.

Consequently, it was resolved that rather than having separate initiatives and events with the potential for dissipation of efforts and impact, these organisations would come together to host a one-day Justice Sector Summit aimed at addressing the most pressing challenges confronting the Nigerian justice sector.

The stakeholders realise that a one-day Summit cannot address all the challenges confronting the justice sector, and they have thus, narrowed the focus of this particular Summit to the three broadly interrelated challenges and one related initiative highlighted in the introduction above. It is hoped that this Summit will become an annual event, which will enable the stakeholders monitor the progress that is made and track the changes that continue to require implementation.

The Challenges to be Addressed

a) Establishment of a Solely Merit-Based Judicial Selection, Appointment and Promotion System

There is a general acknowledgement that the current judicial selection, appointment and promotion system in the Nigerian justice sector is inadequate. The rules regulating the process do not provide sufficient transparency to enable the best candidates emerge, and also undermine the independence of the Judiciary by making judicial appointments susceptible to judicial, as well as political influence.The Summit examined the various recommendations made in the study commissioned by the UNODC and the Konrad Adenauer Foundation, as well as the recommendations made at the JRIs Law and Policy webinar held in August 2020 relating to the best means of overhauling the system. Primary focus was on amending the NJCs Guidelines for the Appointment of Judicial Officers, but attention was also be paid to the procedure applicable at the State Judicial Service Commissions, which is where a significant proportion of the process for the appointment of judicial officers is initiated. Consideration was also given to necessary constitutional reforms that are required in this regard, that could be implemented as part of the ongoing constitutional review process.

The specific areas the recommendations addressed amongst others are:

(i) Methods to be adopted and steps to be taken to increase the level of transparency in the judicial appointments process by the wide advertisement of vacancies, and of the names and identities of those who apply to be considered for appointment to judicial office with ample time provided for feedback.

(ii) Methods to be adopted and steps to be taken to implement a rigorous and merit based system of testing applicants for appointments to judicial office, to ensure that they have the knowledge, capacity and temperament required for the office.(iii) Methods to be adopted and steps to be taken to implement a rigorous and merit based system of screening and selecting applicants for promotion to the higher courts, which must be based on an objective assessment of their performance in their present courts.b) Securing a different approach to budgeting and funding for the Judiciary

It is generally acknowledged that, the justice sector in Nigeria is underfunded. Successive administrations have overseen a reduction in the amount voted for the Judiciary in the annual budget, this amount reducing initially in absolute terms, and more recently, as a percentage of the total budget.

This problem has been compounded by a lack of clarity in the extant constitutional provisions with regard to where the responsibility lies for funding the Judiciary as between the Federal and State tiers of Government, and a concern about the consequential impact on the Judiciarys independence. This has led to litigation between the 36 States and the Federal Government; has led to previous and still threatened strike action by the Judiciary Staff Union (JUSUN); and has led to the clamour for financial autonomy of the Judiciary.The Summit examined the issues arising from this, with particular emphasis on the need to separate the mechanics for financial autonomy of the Judiciary, from the inadequate budgetary provision for the Judiciary at all levels. The Summit addressed the inadequacy of the funding for the Judiciary, and the directly related problem of inadequate manpower (quantity); inadequate manpower (quality); inadequate support staff (quantity and quality); and inadequate infrastructure and technological support. The Summit also examined constitutional reforms that have been proposed by the NBA and others, as a means of addressing these problems.

The specific areas the recommendations addressed amongst others are:

(i) Steps to be taken to establish clarity as to which tier of Government bears responsibility for funding the Judiciary at various levels, and the source from which these funds are to be allocated.

(ii) Steps to be taken to establish a process of planning and budgeting for the Judiciary at various levels that anticipates the Judiciarys present and future needs, and does not take advantage of the Judiciarys relative lack of expertise or involvement in financial and budgetary matters, relative to the other arms of Government.

(iii) Steps to be taken to ensure that funds budgeted and allocated to the Judiciary, are treated as a first line charge on the accounts from which these funds are to be allocated and given priority.

(iv) Steps to be taken to ensure accountability and proper auditing of the Judiciary for any funds allocated to it, and to insulate judicial officers from any direct involvement with contracting, procurement or disbursement of public funds, and thus, shield them from inappropriate investigations or enquiries that would demean their authority.

c) Identifying the primary causes of delays in justice delivery in Nigeria, and devising and implementing workable solutions to address this problem

The delays in the Nigeria justice sector, have become an embarrassment. The President, the Vice President and the CJN have all spoken about this in recent times, at various public fora. Foreign courts have passed derogatory comments concerning this. The citizenry who are supposed to see the courts as the last hope of the common man, have lost hope in the ability of the justice sector to deliver results within anything close to a reasonable time. The clich that justice delayed is justice denied is exemplified by what happens in our justice sector, and as the Vice President mentioned recently, unlike other jurisdictions, the problem in Nigeria is not access to justice, but exit from justice!

The Summit examined the causes of this problem, and proffered solutions. At a basic level, it is believed that the problem is interrelated with the previous two the Summit dealt with. A judicial appointments process that is not merit-based will result in the appointment of a significant number of judicial officers who lack the capacity and skills required for the job, and this will, of necessity, contribute to delays in the disposal of cases. The inadequate budgeting for and funding of the Judiciary will mean that there is an inadequate number of judicial officers to deal with the work load, and that the remuneration and conditions of service in the Judiciary will not be adequate to attract the type of talent required in sufficient numbers. The inadequate budgetary allocation also results in an inability to put the right type of infrastructure, technology, support staff, etc. in place to aid the efficient disposal of cases.

In addition to this, there appears to be an anachronistic attachment to archaic methods of practice, and the penchant for dilatory conduct on the part of members of the Bar and Bench who fail to realise that society has a right to demand and expect swift and efficient judicial services that resolve the substance of the disputes that are submitted for determination, rather than one that dwells on technicalities and procedural niceties.

The Summit examined all these issues, and proffered solutions for adoption, including the overhaul of the rules of practice and procedure, and the rules of evidence designed to eliminate the opportunities for resort to dilatory technicalities that create room for delay. The Summit also pushed for the justice sector to make optimum use of available technology, to aid advances in efficiency.It looked into the various low hanging fruits that can be implemented to address some of the problems already identified, such as enhanced use of virtual hearings for the disposal of paper applications that do not involve oral witness evidence; the award of enhanced and full indemnity costs as a consequence of any dilatory conduct or unpreparedness on the part of counsel or parties; the scheduling of cases for specific times and duration; the elimination of the court is not sitting phenomenon to the barest minimum.The Summit also recommended an increased capacity and willingness by judicial officers to deal with unmeritorious matters at an interlocutory stage, and an effective manner in which to punish dilatory conduct on the part of counsel and litigants by compensatory costs order and disciplinary proceedings where necessary.

Also addressed was the absence of a service culture in the justice sector, and the need for Judges and Lawyers to recognise that they are service providers whose reason for existence should only be measured against whether the public is receiving the desired service efficiently, not as a favour or as a matter of grace; the inadequacy of the disciplinary system at the Bar and the Bench, which makes it difficult for the Bar and the Judiciary to enforce proper conduct as well as the inadequacy of confidence on the part of judicial officers to maintain control and discipline of their courts to ensure efficient proceedings.

d) Implementing a Comprehensive Court Monitoring Scheme

The NBA is taking steps to establish a comprehensive court monitoring scheme, in which accredited Lawyers will observe and report on court proceedings in a select number of pilot jurisdictions, with the intention to roll this out right across the country in due course. The purpose of the scheme is to generate statistics and actionable data, that will establish the weighting that ought to be given to the various causes of delay in the justice sector. The NBAs court monitoring scheme, is an effort to identify the true causes of delay in the justice sector.

The NBA is fortified in its effort to implement a court monitoring scheme by the discovery that the NJC has also implemented a court monitoring scheme, Corruption and Financial Crimes Cases Trial Monitoring Committee (COTRIMCO), albeit one that was limited to monitoring the proceedings in matters relating to financial crimes.

The NBA scheme will generate data and statistics that will enable the justice sector assess the performance of the Judiciary, as well as the Lawyers that appear before them, thus, enabling objective decision making as to the primary causes of the delays in the system. Statistics such as the average disposal rate of cases in the various courts; the average number of cases that the courts deal with on any given day, irrespective of the number of cases on their docket; the various reasons for cases not proceeding to hearing on the days scheduled for hearing, and the stakeholders most responsible for this as between the Bench, the Bar, the support staff or the litigants themselves.

Inauguration of Members of the NBA Electoral Committee

The President of the Nigerian Bar Association, NBA, Mr. Olumide Akpata, on Monday, January 24, 2022 inaugurated the members of the Electoral Committee of the Nigerian Bar Association, ECNBA, ahead of the 2022 elections.

Akpata, while delivering his inaugural speech at the NBA Headquarters, Abuja, noted that if theres any Association that should conduct free and fair elections, it should be NBA, because the Association stands as the conscience of the society.

Akpata said: the Pedigree of members of Committee gives hope that our profession is in safe hands; and he assured the Committee of cooperation from the leadership of NBA. He expressed concern however, that contrary to how things ought to be, the Associations elections have always been engulfed in controversies. He further noted that, the controversies are what led to setting up an Electoral Reform Committee by him.

He said, I am pleased to welcome you all to the inauguration of the Electoral Committee of the Nigerian Bar Association. This event is indeed, a very important function in the context of the future of the Nigerian Bar Association.Human society has always acknowledged the need for a leadership, in order to guide the affairs of mankind and direct the society to its goals and aspirations. The means by which that leadership is arrived at in a democratic setting, has always been through free, fair and credible elections.

For us in the NBA, the same principles hold true. Indeed, if there is one Association whose leadership must proceed from a free, fair and transparent electoral process, then it should be the NBA for obvious reasons. We stand relative to the society as its conscience, and hence, must be seen to be above board.

Unfortunately, we have not acquitted ourselves in this light. Evidence of this, is found in the controversial nature of the elections that produced the last three National Officers of the NBA.

It was consequent upon the above, that I made the reform of our electoral process as one of the key pillars of our campaign manifesto. In a bid to secure the execution of that mandate, you may recall that one of my first official acts as the President of this great Association, was to empanel an Election Audit and Reforms Committee headed by Ayo Akintunde, SAN.The mandate of that Committee was clear: to audit the last three elections of our National Officers, with a view to drawing lessons which will be used to improve our subsequent elections.

The report of the Committees work will become an invaluable resource for the Constitution Review and Amendment Committee which gave legislative force to the recommendations of the Election Audit and Reforms Committee, by codifying them in the recently amended Constitution of the NBA, as adopted at our last Annual General Conference (AGC) in Port Harcourt.

Akpata expressed hope that the new ECNBA will do better in the 2022 elections of the Association, considering the pedigree of members of the Committee. He also assured the ECNBA that the Association will give the Committee full support, to ensure that the Committee delivers well in its mandate.

As we prepare for the next round of election of National Officers, I am confident that the issues that aggregated to blight the outcome of the elections of our recent history will not repeat themselves this time. We owe it a duty to bequeath to our profession and its members, an election which they can be proud of; and which as far as practicable, is free from any form of controversy.I am fortified in this belief by the fact that the Chairman of this August Committee Mr Ayo Akintunde, SAN was also the Chairman of the Election Audit and Reforms Committee which undertook the groundwork of what is today, a template we can rely upon to deepen the quality of our electoral process.

Indeed, the pedigree of other members of this Committee gives one hope that our profession is in good hands. I must however, acknowledge in advance that the task of this Committee is no less daunting. Yet, it is one certainly not beyond the abilities of the Committee.

As I conclude, may I on behalf of the National Officers, assure you of the support and cooperation of the Association within the limits permitted by our Constitution, towards the execution of the mandate of the Committee as contained in its Terms of Reference.With these few remarks, it is my honour to officially inaugurate the Electoral Committee of the Nigerian Bar Association 2022, Akpata said.

The ECNBA which is the charged with the responsibility of conducting biennial elections into the Associations leadership, is vested with the mandate of conducting the NBA National Executives election slated to hold later this year. Akpata had at the last NBA National Executive Committee (NBA-NEC) quarterly meeting in Abeokuta, announced the appointment of members of the Electoral Committee to conduct the 2022 National Officers election. The Committee which is chaired by Ayo Akintunde, SAN also includes: Mabel Ekeke, Secretary; Human Rights Activist, Prof Chidi Odinkalu; former NBA Treasurer, Aisha Ado-Abdulahi, and leading ICT expert, Mr Basil Udotai.NBA Signs MoU With House of Reps on Law Reform

Office of the Speaker of the House of Representatives, last Monday, formally signed a Memorandum of Understanding, MoU, with the NBA to collaborate on law reforms for the promotion of good governance and sustainable development.Speaking at the event that held in his office that attracted the leadership of NBA led by its National President, Olumide Akpata, Rt. Hon. Gbajabiamila said that the collaboration between the two bodies since the inception of the 9th House has witnessed positive results in the passage of some critical laws in the country.

He said: This is basically the formalisation of something thats already working. The signing of the MoU may seem symbolic, but I see it beyond that. I see it as a way of deepening our democracy and developing the country, which we all so passionately love. Contrary to what a lot of people think, I always believe that governance is about collaboration; its about everybody. Its not about politicians alone, its about everybody, so weve got to maximise our efforts and potential, to bold, bigger and better things for this country.For me, this is a critical collaboration between two very important sectors. This is a public-private partnership between the Legislature and the NBA.

I am glad that law reform is a core mandate of the NBA, and for us too, law reform is part of our core mandate. When we repeal and amend laws, we are reforming laws. Its gratifying to know that we actually have a shared mandate, but what we do with that shared mandate is what will determine how far we can take this.

The Speaker commended the leadership of the NBA and what it has been doing for the profession, while emphasising the commitment, speed and diligence with which it worked and collaborated with the House on Police and Electoral law reforms, among others.I dont think theres been a time that the Legislature and NBA have worked so seamlessly together, towards making Nigeria a better place, he noted.

Earlier in his remarks, the NBA President, Olumide Akpata, appreciated the Speaker and the House for being most accommodating with regard to collaboration, and the potential of making progress together. He said that at the heart of the Associations mandate was the pursuit of law reforms; Akpata noted that the NBA was desirous of working with the Legislature to bring to bear legislation for good governance, while noting that law associations are part of the legislative process in some countries.

He added that the signing of the MoU was to remedy the past situation, where the NBA seemed not to be keen on working with the Legislature. He recalled the signing into law of the Police Service Commission law as a result of the collaboration between the House and NBA following the 2020 #EndSARS protests, saying it showed what collaboration of this nature can achieve. He informed and solicited the Speakers assistance, about the Legal Practitioners Bill that is before the two chambers of the National Assembly.Mr Akpata also commended the Speaker and the House, for the office space given to the NBA within the National Assembly complex. The Special Adviser to the Speaker on Policy and Strategy, Dubem Moghalu, had earlier explained that the MoU was to formalise the ongoing operation between the Office of the Speaker and the NBA, particularly on the issue of law reform.

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NBA Pushes Justice Sector Reform to the Front Burner - THISDAY Newspapers

In 2020, Prince Harry and Meghan Markle shocked the world when they stepped down as senior royals and moved to California. The couple cited their desire for privacy and financial independence as a motivation for leaving Harrys home country of the United Kingdom.

However, Harry was not the first royal to move abroad, and he will likely not be the last. There have been many royals who left their home countries to live as private citizens elsewhere. Check out the following list of royals from around the world who chose to follow opportunities in faraway lands.

In 2013, Princess Madeleine of Sweden married British-American financier Chris ONeill. ONeill refused to take a title in order to continue living as a private citizen.

Madeleine and ONeill have three children together, and the couple has been living in different cities due to ONeills career. They lived in New York City for some time before moving to London. Since 2018, the family has been residing in Miami.

Madeleine has been adapting well to life in the U.S. She said (via Hello!), I now feel that I have good friends, and especially I have gotten to know some really nice mothers from school. In the US, parents are incredibly present in the schools, so it was very easy to make new friends with the community. Its a full-time job just being a parent of a student there!

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In 2021, Princess Mako of Japan made headlines after she gave up her royal titles to marry a commoner, as dictated by Japans Imperial Household Law.

Mako and her husband, Kei Komuro, are college sweethearts who started dating in 2013. Komuro is a graduate of Fordham University School of Law and a paralegal at a law firm in New York City. After getting married, Mako moved to NYC, where she is now living as a private citizen.

As reported by the BBC, Mako and Kei have been called Japans Harry and Meghan.

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Princess Haya was born a princess of Jordan, with her father being the late King Hussein. Her mother is his third wife, Queen Alia. In 2004, Haya joined the royal family of Dubai when she married Sheikh Mohammed bin Rashid Al Maktoum.

However, in 2019, Hayas marriage made headlines after she fled to Germany and sought political asylum. She later settled in the U.K. and filed for sole custody of their two children.

Many people have tied Hayas case to that of Sheikh Mohammeds daughters Sheikha Shamsa and Sheikha Latifa. Shamsa and Latifa both tried to escape Dubai (in 2000 and 2018, respectively) only to be forcefully brought back to the emirate. According to The Guardian, a U.K. court ruled in 2020 that Mohammed not only orchestrated the abductions of Shamsa and Latifa, but he also subjected Haya to a campaign of intimidation.

In December 2021, Haya was granted full custody of her children. She currently lives in London as an envoy of the Jordanian embassy.

Prince Nikolai of Denmark is a college student at Copenhagen Business School. When he is not studying, he is also a model. He made his runway debut in 2018 at a Burberry show in London.

Nowadays, he is living in Paris as part of his study abroad program. Although it seems this move might only be temporary, Nikolai recently shared with Vogue Scandinavia a new interview that he appreciates the anonymity provided to him in France.

Its relaxing and soothing in a way. I can be even more myself, he said, sharing that his classmates dont know and dont care about his royal status.

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Like Prince Harry, Here Are Other Royals Who Are Living as Private Citizens Outside of Their Home Countries - Showbiz Cheat Sheet