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THE IMPLICATION OF LIMITATION OF CASH WITDRAWALS/DEPOSITS: PROS & CONS.
On the 6th day of December, 2022 the Central Bank of Nigeria (CBN) issued a circular directing Deposit Money Banks, Payment Service of Bank (PSB) and other financial Institutions limiting cash withdrawal by customers from their accounts.
Our corporate commercial practice group recently reviewed the legal framework of this regulation from a pros and cons perspective.
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The Environmental, Social, and Governance (ESG) framework in Nigeria has continued to evolve owing to the role of legislation in driving behavioural change regarding ESG and climate change. The Niger Delta has been the site of some of the world's most extensively documented environmental and social harm, better termed ecocide, perpetrated by extractive industries.
2026-06-25
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.
2024-05-10