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Introduction:
The 2015 seminal piece, ‘Distrain under PITA: An analysis and evaluation of Principles and Practice’ may be apt in responding to the question. Please see paper here. This piece hopes to re-engage the relevant principles within the context...
Before a company can be incorporated in Nigeria, the following steps need to be taken:
1. Conduct a Name Availability search and reservation. If the proposed name of the company is approved, Corporate Affairs Commission (“CAC”) will reserve it for 60...
The Petroleum Industry Bill has been stuck at the Nigerian Parliament for the past decade. However, in an attempt to break the jinx of non-passage by successive Governments over the years, the Nigerian Senate in what can be described as an attempt to...
In the past year, the whistle blowing concept has become increasingly popular in the fight against corruption in Nigeria. The Executive Arm of the Federal Government of Nigeria (“FGN”) officially introduced its Whistle Blowing Policy (“WBP”) in Q4 2016....
Further to our Regulatory Compliance Update on the National Action Plan on the Ease of Doing Business in Nigeria [See here] the Acting President, Prof. Yemi Osinbajo, on the 18th day of May 2017, signed three executive orders, one of which is the promotion...
Introduction
Taxation of non-residents in Nigeria has been quite an interesting area of tax law considering the dynamism of commerce and increase in trans-border transactions by multinational enterprises (“MNEs”). Also, the recent tax drive by...
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Relevant Facts:
1. By an amended Writ of Summons and Statement of Claim sealed out of the High Court of Lagos State, Nigeria Fijabi Adebo Holdings Limited and its alter ego, Dr. Emmanuel Fijabi...
Relevant Facts:
On 13 April, 2017 the Federal High Court sitting at Abuja (the Court), with the Honourable Justice G.O. Kolawole presiding, held the activities of the Nigerian Postal Service (NIPOST) in seeking to enforce the provisions of the Stamp Duties...
CNOOC Exploration and Production Nigeria Limited & South Atlantic Petroleum Limited (“The Appellants”), who are contractors to the Oil Mining Lease 130 Production Sharing Contract (“PSC”), prepared the petroleum profit tax returns for the 2010 accounting...