Following the recent ‘naming and shaming’ of tax defaulters and their bankers by the Federal Inland Revenue Service (‘FIRS’ or “the Service”, used interchangeably) on the official website of the FIRS and its wide circulation via social media/the internet,...
Introduction
On Monday the 22nd of July 2019 news broke that one Mr. Precious Owolabi, a youth corps member serving at Channels Television News in Abuja, was shot while reporting the clash between the Nigerian Police Force (“NPF”) and members of the Islamic...
Background
On May 20, 2019, the news hit the airwaves that His Excellency, Arakunrin Oluwarotimi Akeredolu, the Executive Governor of Ondo State, in company of the Chairman of the National Drug Law Enforcement Agency (“NDLEA”), Colonel Muhammad Mustapha...
Background:
By its circular dated May 20, 2019 captioned “Minimum Paid-up Share Capital Policy for Insurance and Reinsurance Companies in Nigeria” (the “Policy”), the National Insurance Commission (“NAICOM”) reviewed the minimum paid-up share capital...
INTRODUCTION
Further to the release of the Flare Gas (Prevention of Waste and Pollution) Regulations, 2018 and the subsequent re-launch of the Nigerian Gas Flare Commercialisation Programme (“NGFCP”) by the Federal Government of Nigeria (“FGN”), the FGN...
By its circular dated September 13, 2018, the Central Bank of Nigeria (CBN) released the Regulations on Instant (Inter – Bank) Electronic Funds Transfer Services in Nigeria (the Regulations). The Regulations becomes effective from October 2, 2018 and...
This piece is a sequel to our briefing note titled “The Flare Gas (Prevention of Waste and Pollution) Regulations, 2018: A New Dawn” wherein we did an overview of the Flare Gas (Prevention of Waste and Pollution) Regulations, 2018 (the “Regulations”).
Following...
An internal memo of the Federal Inland Revenue Service (FIRS) dated July 25, 2018 and captioned “Re: Circular on Withholding Tax Utilisation and K-Card Update Key Deliverables” (Memo) has become public knowledge. The Memo directed all Tax Controllers...
Overtime, it has continued to be a raging controversy among legal minds on whether leave of Court should indeed be required for service of an originating process sealed from the registry of a State judicial division of the Federal High Court of Nigeriato...
Following the suspension of the Nigerian Gas Flare CommercialisationProgramme (the “Programme”) in Q4 of 2017, by the Federal Government of Nigeria due to the lack of sufficient regulations to guide the Programme amongst other reasons, the President of...