Introduction:
By virtue of a letter dated 5 February 2021[1], the Central Bank of Nigeria
(CBN) directed all banks, non-bank financial institutions and other financial
institutions to, with immediate effect, identify and close bank accounts being
used...
It has been a
long-term ambition of African countries to create a single market and foster
economic integration among African States as it is believed that this
liberalization of trade will improve the poor intra–African trade with
bountiful implications...
It may be said that the eagle has finally landed with the
January 1, 2021 effective commencement date of trade under the African
Continental Free Trade Area Agreement (AfCFTA). AfCFTA as a flagship project of the African Union’s Agenda 2063 and a
blueprint...
The Order of Spoofing Emails
and Business Emails Compromise:
Perspectives from Nigeria
A. Introduction and Perspective:
1. The growth and use of the internet and intranets afford the user advanced information accessibility including simplified communications...
BRIEFING NOTE ON THE DRAFT DATA PROTECTION BILL, 2020
A. Introduction + Features of the Bill:
Title
Nigerian Data
Protection Bill (“the Bill”)
Principal Purpose
An Act to establish
the Data Protection Commission charged with the...
Background:
In this Briefing Note, we highlight, summarize and make relevant observations on the new provisions of the Companies and Allied Matters Act, 2020 (the Act) on Incorporated Trustees.
The Act:
A. Highlights + Features:
Title:...
A. Introduction
The Federal
Government of Nigeria recently released to the public, the Nigerian Gas
Transportation Network Code (the “Code”) as a common set of rules that will
govern fair and transparent gas shipper –transporter relationship in Nigeria’s
open...
Introduction
On Wednesday, August 5, 2020, the
Commissioner for Finance, Lagos State, Dr.
Rabiu Olowo, in a press briefing announced that the Lagos State Government has
decided to review the Land Use Charge Law by reversing the rate of the Land...
Introduction
The Federal
Inland Revenue Service (“FIRS”) on Thursday, 2nd July, 2020 “introduced”
the imposition of stamp duty payment on documents pertaining to tenancy or
lease agreements for homes and offices, certificates of occupancy, as well as...
Introduction
The
Covid-19 pandemic has occasioned widespread remote working on a scale never before
seen. Man’s primordial instincts of survival, coupled with government’s
directives and medical advisory on the need for social distancing, have all left
the...