Contrary to the belief that that there are no comprehensive legislations regulating data protection and privacy in Nigeria, there are three principal legislations in this regard and they include the following: The Constitution of the Federal Republic of Nigeria, wherein Section 37 states that "The privacy...
Many companies today face different financial challenges without understanding the available options to break, mitigate or overcome same, that is, Corporate Restructuring. Instead, they suffer the side effects of these challenges such as redundancy, uncontrollable increase in debt and winding up. Corporate restructuring involves the reorganization...
In its bid to make carrying on business in Nigeria easier, and to attract more foreign investment, the Nigerian Immigration Service recently released a regulation called the Immigration Regulation 2017 (“the Regulations”). The Regulations also aim to curb the abuse of immigration permits by foreigners...
Introduction Under Nigerian law and in particular debt financing, security is typically created in favour of a lender by the use of varying security documents inter alia mortgages, share charges, debentures. In order to perfect the aforementioned security documents, same are required to be stamped at the...
Introduction Micro, Small and Medium Enterprises (MSMEs) are a key sector of the Nigerian economy. MSMEs contribute to roughly 47% of the GDP in Nigeria and are seen as significant contributors to employment generation and poverty amelioration. One of the major challenges faced by MSMEs is the...
Introduction Nigeria is currently suffering from a large infrastructure decay and deficit estimated at US$300 billion. With the current recession and lack of funds in the country’s treasury, it has been argued in some quarters that the country needs to take Public Private Partnerships (PPP) more...
A Director is a member of the board of people that manages and oversees the affairs of a business. A Director is entrusted with the responsibility of determining and implementing a company’s policy. The Companies and Allied Matters Act, 2004 (CAMA), in Section 244, defines a...
INTRODUCTION The Oil and Gas industry in Nigeria is regarded as the foremost lucrative sector in the economy. It entails the exploration, transportation, development and sale of Nigerian oil and gas resources including upstream and downstream oil and gas operations. There are a number of policies governing...
INTRODUCTION It is common knowledge that Nigeria is heavily dependent on the oil industry for its budgetary income however agriculture remains a critical component of the country’s economy. The agriculture sector is the largest employer (roughly 30% of the population) and accounts for roughly 23%-26% of...
Introduction One of the direct consequences of incorporation of a company is that a registered company is conferred with the privileges of corporate personality. A fundamental attribute of corporate personality is that the company is a legal entity distinct from its members. However since the company...