Resources
RESOURCES
CONSTITUTIONALITY OF COLLECTION OF VALUE ADDED TAX BY THE FEDERAL GOVERNMENT OF NIGERIA
"Through the lens of some recent landmark decisions, our associate, Anthony Madukwe, examines the constitutionality of some National Assembly legislations on specific taxes as well as the wider conversation around the legality of collection of Value Added Tax...
PETROLEUM INDUSTRY ACT; DEVELOPMENTS AND REGULATORY COMPLIANCE ISSUES
We are well into the second year of implementation of the Petroleum Industry Act 2021 (“Act”), and regulatory activities within the walls of the twin regulators – the Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum...
Impeachment Panel Under Section 188 of the 1999 Constitution: Whether a Mere Fact-Finding Panel
The unprecedented removal from office of Mr. Simeon Achuba as the Deputy Governor of Kogi State by the House of Assembly despite the findings of the impeachment panel (the Panel) set up by the Chief Judge of Kogi State opened a new chapter in the history of...
Evaluating the Validity of Electronic Signatures
"The coronavirus pandemic has brought about the lockdown of numerous regions. A major concern for parties looking to close corporate financing and general commercial transactions during the lockdown and going forward is the delivery of wet ink signature pages of...
Review of Some Key Provisions in the Companies and Allied Matters Act 2020
"The Companies and Allied Matters Act 2020 has recently become the extant legislation regulating the registration of business and non-business organisations in Nigeria. In this piece, we highlight some key distinctions between the former and the new legislation which...
The Companies and Allied Matters Act 2020 – Reforms From a Finance Perspective
"The Companies and Allied Matters Act 2020 (New Act) received presidential assent on the 7th of August 2020, thus becoming law. Our article provides a synopsis of some of the changes and novel provisions introduced in the New Act which we believe will impact on...
Covid-19 and its Effect on Financing Transactions in Nigeria: Practical Considerations
"The coronavirus infectious disease (“Covid-19”) was declared a global pandemic by the World Health Organisation on the 11th of March 2020. However, besides the attending public health crisis brought about by the disease, there are major concerns about a looming...
The Finance Act 2019 – Highlights of Significant Provisions
The Finance Bill 2019, which was presented to the joint sitting of the National Assembly along with the 2020 Appropriation Bill, was signed into law on the 13th of January 2020 by President Muhammadu Buhari, thus becoming the Finance Act (the “Act”). The objectives of...
The Growth Board of the Nigerian Stock Exchange
Are you a small medium enterprise (SME) willing to raise capital and/or develop corporate visibility? If yes, please click on the link below to know more. GROWTH BOARD OF THE NSE Print Edition (pdf).pdf
The Nigerian Code of Corporate Governance 2018
On the 15th of January 2019, the Financial Reporting Council of Nigeria, released the Nigerian Code of Corporate Governance 2018 (the “2018 Code”). Although the 2018 Code has adopted a voluntary (“adopt and explain”) approach, it is expected that Relevant Entities...
A Review Of The Federal Competition And Consumer Protection Act 2019
INTRODUCTION On the 5th of February 2019, President Muhammadu Buhari assented to the Federal Competition and Consumer Protection Act (“FCCPA” or “The Act”).[1] The FCCPA repeals the Consumer Protection Council Act (the “CPC Act”), Cap C25, LFN, 2004 and sections 118...
Can The Executive Order NO. 007 Stand The Test Of Time?
A Critique Of The Companies Income Tax (Road Infrastructure Development And Refurbishment Investment Tax Credit Scheme) Order 2018 Since the return to democracy in 1999, each successive government in Nigeria has signed a number of executive orders. More often than...
Governance and Technological Advancement In Nigeria
Introduction Good governance is concerned with the deliverance of sound economic and growth-related policies in an efficient manner to the public. The policies are created to secure empowerment, establish a healthy social set up and provide effective delivery of...
Judicial Immunity: Contextualizing Ngajiwa Vs. FRN; CA/L/969C/2017
INTRODUCTION A lot of ink has flowed, countless articles written in both traditional and social media on the controversial decision of the Court of Appeal in the case of Hon. Justice Hyeladzira Nganjiwa v. Federal Republic of Nigeria CA/L/969C/2017 (Unreported). To...
Team Work And The Survival Of Law Firms
The ability to work together is the beginning of success of every business. The word “teamwork” sounds cliché. However, it must be said that teamwork is a concept which cannot be overemphasised especially in the context of a modern day 21st century law firm. Given...
Managing Rejection
It should (rather) be viewed as a simple answer to a question. Rejection is a normal and constant aspect of our lives. Every reader will admit that they have not always gotten what they wanted. We have all had our requests turned down; we have all experienced...
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