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2024-08-18

LEGAL CONSIDERATIONS VIS-A-VIS NIGERIA’S PROPOSED TRANSITION TO RENEWABLE ENERGY: HIGHLIGHTS FROM THE 2024 NBA SECTION ON BUSINESS LAW’S PANEL ON POWE

The emergence of renewable energy is being viewed as a potential solution to bridge the power gap and drive sustainable development. The potential and challenges of renewable energy and energy mixes were discussed by a distinguished panel of experts at the Nigerian Bar Association’s Section on Business Law.

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2024-08-18

The Expanding Scope of Customer Due Diligence Requirements for Financial Institutions in Nigeria: A Necessity Or Nonessential?

In consideration of the widespread recognition of money laundering and terrorism financing as global phenomenas which pose threats to international peace and security1, it is becoming an increasing global trend for countries to employ extensive customer due diligence measures as a way of fostering financial transparency and countering the misuse of corporate entities by criminals or terrorists as smokescreens for money laundering and terrorism financing activities.

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2024-05-10

Mandatory Referral to Arbitration: A Comprehensive Analysis of Section 5 of Nigeria's Arbitration and Mediation Act 2023

This article provides a comprehensive analysis of the transformative changes introduced by Nigeria's Arbitration and Mediation Act 2023, with a specific focus on Section 5. Drawing insights from the landmark Sakamori Construction v LSWC case and the preceding Arbitration and Conciliation Act 2004, the analysis navigates through the evolution of arbitration proceedings in Nigeria. By examining the transition from discretionary to mandatory referral to arbitration, the article elucidates Nigeria's pro-arbitration stance and its implications for legal practitioners, stakeholders, and the broader business community.

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2024-05-10

CYBER SECURITY LEVY: IMPLICATIONS FOR CONSUMERS AND FINANCIAL INSTITUTIONS

By a circular dated the 6th day of May, 2024 the Central Bank of Nigeria issued a circular to all commercial, merchant, non-interest and payment service banks; as well as to financial institutions, mobile money operators and payment service providers (PSP).

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2024-05-04

COMPRESSED NATURAL GAS (CNG) IN NIGERIA: HERE TO STAY OR A FLASH IN THE PAN?

As the world tilts towards the use of renewable energy in a bid to reduce emissions into the atmosphere to the bare minimum with the core aim of reducing ozone layer depletion due to global warming, there have been alternative modes of power generation that are environmentally friendly. Globally, especially in Europe, there has been an increasing need to make laws bordering on the generation of eco-friendly power to ensure full compliance. Compressed Natural Gas (CNG), which is not totally a renewable source of energy is one of the trending sources of power generation around the world today.

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2024-04-28

HOUSE COMMITTEE HOLDS PUBLIC HEARING ON NON-OIL & GAS AND OIL & GAS BILLS ON NIGERIAN CONTENT DEVELOPMENT & MONITORING.

On Thursday, the 18th of April, 2024, the House of Representatives Committee on Nigerian Content Development & Monitoring under the Chairmanship of Hon. Boma Goodhead as part of its inclusive approach to law-making processes organized a public hearing for deliberations on bills relating to the Non-Oil & Gas and Oil & Gas sectors in Nigeria.

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2024-01-19

AN OVERVIEW OF THE LEGAL PRACTITIONERS (REMUNERATION FOR BUSINESS, LEGAL SERVICES AND REPRESENTATION) ORDER, 2023.

The issue of reasonable remuneration for legal services has been one of consistent controversy and debate. It is of significant concern as legal practitioners invest substantial time, effort, and skill into rendering services which are not adequately remunerated.

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2023-12-05

JUSTIFICATION OF THE RIGHT TO DIE UNDER THE NIGERIAN JURISPRUDENCE

The existence of a right to die via euthanasia, also known as mercy killing and assisted suicide, is a question that crosses geographical boundaries and legal systems. Globally, prevalent jurisprudences prohibit and criminalizes assisted suicide and euthanasia. However, due to improvements in medical technology that have significantly increased our capacity to sustain and lengthen human life well beyond what was previously attained, along with a corresponding expansion of human rights law, many nations, including Belgium, the Netherlands, etc., have legalized euthanasia and assisted suicide. As a matter of fact, Switzerland was the first Country in the world to legalize assisted suicide in 1941. The right to life is unquestionably recognized on universally. The core issue in the ongoing discussion over euthanasia is whether or not there is a countervailing argument.

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2023-11-21

ASSESSMENT OF THE ROLE OF THE FCCPC IN THE REGULATION OF SALES OF GOODS IN NIGERIA

Diverse countries have implemented competition laws and created pro-competitive policies to fulfill the varied requirements of society, as the effect of an anti-competitive regime has far-reaching consequences on society. This article gives an insight on the role of the Federal Competition and Consumer Protection Commission (FCCPC) in the regulation of sale of goods in Nigeria. The focal point is to examine the Commission's mandate, which includes fostering fair competition, protecting consumers' rights and enforcing compliance with relevant laws and regulations while also noting the challenges the FCCPC is faced with in carrying out its mission. Special considerations will be had to competition laws in Nigeria as well as competition laws in other jurisdiction.

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2023-09-12

DATA PROTECTION AND THE BANKING SECTOR

Data protection is a critical issue in the banking sector, where sensitive customer information is routinely and vastly collected, stored and processed. Banks must take comprehensive approach to safeguarding this data, including implementing technical measures, complying with data protection regulations, training employees, establishing incident response plans, and carefully vetting third-party providers. Failure to protect customer data can result in reputational damage, financial loss, and legal liabilities in the event of data breach or cyber-attack.

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2023-09-12

AN AWARD CREDITOR MUST TARRY TILL THE PROCEEDINGS TO SET ASIDE AN AWARD EXTINGUISHES.

The Federal Capital Territory High Court sitting in Wuse Zone 2, Abuja Coram: Nwosu-Iheme J. handed down a landmark decision giving appropriate procedural directions on the steps to be taken in the process of facilitating the recognition and enforcement of an Arbitral Award in Suit No. FCT/HC/CV/620/2022 between Dr. Marianne J. Ngoulla v. The Economic Community of West African States (ECOWAS) on the 28th day of March, 2023.

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COURT RULES - THE EFCC LACKS POWERS TO INVESTIGATE, ASSESS, LEVY AND OR ENFORCE TAX AND TAX RELATED MATTERS ON BEHALF OF THE FEDERAL REPUBLIC OF NI

We are pleased to have represented Vertex Agro Ltd; a major Manufacturer and supplier of Agro-Allied products in Nigeria, before the Federal High Court, Abuja to a Landmark Victory against the Economic and Financial Crimes Commission (EFCC).