The constitutional right of appeal and the well-entrenched principle of fair hearing are the foundation of modern legal systems across the globe. The principles as guaranteed under The Constitution of the Federal Republic of Nigeria (1999) as amended (“The Constitution”) ensure that in the conduct of judicial proceedings to determine the civil rights and/or obligations of the parties brought before any Court, the twin pillars of natural justice shall be adhered to and applied by the courts.
The Petroleum Act (the Act), which is the key petroleum industry legislation in Nigeria, makes provisions for the regulation of the Nigerian petroleum industry. The Act provides that no person shall import, store, sell or distribute petroleum product in Nigeria without a license granted by the Minister of Petroleum (the “License”). The Act further vests powers on the Minister to regulate the importation, handling, storage, and distribution of petroleum, petroleum products and other flammable oils and liquids.
The current drive and effort by the Nigerian Bar Association (NBA) to rid the legal practice of quacks is laudable. Apart from the inherent danger posed by these usurpers to the legal profession, it tends to deny legitimate members of the profession a fair share of the benefits derivable from the practice. It also erodes the profession of the public confidence and trust which is imposed upon it.
In reaction to the World Trade Center, New York bombing on September 11, 2001 and the bombing of the French oil tanker Limburger in October 2002, the International Maritime Organization (“IMO”) in December 2002 amended its Safety of Life at Sea (“SOLAS”) Convention (1974/1988) by enacting the International Ship and Port Facility Security Code (the “ISPS Code” or the “Code”) which prescribes the responsibilities of governments, shipping companies, shipboard personnel, and port/facility personnel to detect security threats and take preventive measures against security incidents affecting ship
In recent times, increase in cross-border crimes have necessitated the demand for the physical surrender of individuals suspected to have committed criminal acts and thereafter fled the jurisdiction of the Court in the territory where said crimes were committed. The purview of this article is to consider the provisions as well as the application of the Extradition Act, CAP E25, Volume 6, Laws of the Federation of Nigeria, 2004. (“Extradition Act” or the “Act”).
The Transfer Pricing Division of the Federal Inland Revenue Service (FIRS) in a Communiqué indicated that all foreign companies that derive income from Nigeria are now required to include audited financial statements, tax computations and other relevant information in their tax returns commencing from January 1, 2015 in line with Section 55 of the Companies Income Tax Act (CITA).
In the case of Ministry Of Works & Transportation, Adamawa State V. Yakubu (2013) Vol. 1, Misc. (Pt. 11), the Supreme Court held that it is improper and against the law for a court process to be issued or signed in a law firm’s name.
Energy Partner, Dr Adeoye Adefulu is quoted in the BusinessDay article “Oil and gas players want Buhari govt to be decisive on Petroleum Industry Bill (Nigeria)” for his views on the steps Nigeria’s new government should take on the Petroleum Industry Bill.
Nigeria’s financial assistance rules are stifling its M&A sector. Damilola Adetunji and Kemi Salau of Odujinrin & Adefulu and Susan Whitehead of Hogan Lovells investigate some alternatives that could help the economy to fulfill its potential.
The highpoint of the Nigerian power sector reform process had hitherto been the November 2013 handover of successor Power Holding Company of Nigeria (“PHCN”) utilities to private sector investors. Not since the passage of the Electric Power Sector Reform Act in 2005 (“EPSRA”), had the Federal Government of Nigeria shown its firm commitment to true liberalization in the sector. In anticipation of a privatized electricity market, investors made good their commitments for the balance of the purchase price for the respective PHCN assets and moved to consummate all relevant Industry Agreements.