HOW TO START AN OIL SERVICING COMPANY IN NIGERIA The petroleum sector is one of the highly regulated sectors in Nigeria, and as such, every entity intending to engage in such sector must be duly licensed to do so. The procedure to start an oil service company in Nigeria starts with the incorporation of such [...]
ENFORCEMENT OF JUDGMENTS IN NIGERIA All superior courts have a uniform procedure for enforcement governed by the Sheriffs and Civil Process Act. The Sheriffs and Civil Process Act, Judgment (Enforcement) Rules, and the Rules of Court collectively govern the enforcement of a judgment in Nigeria. Procedure for Enforcement of Judgment The procedure for enforcement will [...]
BUSINESS AGREEMENT IN NIGERIA PARTNERSHIP AGREEMENT A business agreement is entered into or created by parties who are desirous of entering into a business relationship to accomplish a specific task or business goal while retaining their separate identities. Parties to a business transaction negotiate terms and conditions of their transaction and execute a formally binding [...]
HOW TO BUY LAND & HOUSE IN LEKKI LAGOS BUYING LAND IN IBEJU LEKKI Overtime, Lekki has become a respectable commercial hub, a residential zone, and a go-to tourist spot, thereby making Lekki a rave in the real estate industry. Lekki is one of the areas in Lagos State with various vacant lands for development. [...]
A Bureau De Change (BDC) sector has remained an important unit of the Nigerian financial market playing a crucial role in exchange rate stability and job creation. It is a business where people exchange currency for another. This business has been defined by the Central Bank of Nigeria Manual to mean a retail foreign [...]
NCDMB EXPATRIATE QUOTA APPROVAL Companies seeking to engage expatriates in the Nigerian oil and gas industry must obtain the relevant approvals from the Nigerian Content Development & Monitoring Board (NCDMB) before applying for Expatriate quota, Temporary Work Permit, or other entry permits from the Ministry of Interior, the Nigeria Immigration Service or other agencies of [...]
HOW TO BUY LAND IN LAGOS AND PAY "INSTALMENTALLY" To buy land in Lagos and pay instalmentally, the buyer must ensure that the seller has the legal right to transfer ownership in that property. Such a property transaction goes beyond merely inspecting the property or confirming the seller has a legal title on such a [...]
The difference between a Certificate of Occupancy and a Deed of Assignment can be derived from their distinct features and the role they each individually play in the acquisition of title to landed properties in Nigeria. Certificate of Occupancy A Certificate of Occupancy is an authorized document of grant issued by the State Government to [...]
WHERE TO REGISTER TRADEMARK The best place where a trademark can be registered in Nigeria is the place of a trademark agent, who mainly lawyers. A trademark agent such as the Resolution Law Firm maintains two offices in Lagos and an office in Abuja where a trademark application can be submitted for registration. Resolution Law [...]
TYPES OF ELECTIONS IN NIGERIA There are various stages for election in Nigeria. Elections are conducted periodically into various political offices across the 36 states and the Federal Capital Territory. The Independent National Elections Commission (INEC) is the Commission set up by the Constitution to conduct, supervise elections in Nigeria for the office of the [...]
IMTO LICENCE IN NIGERIA The Central Bank of Nigeria (CBN) issued the Guidelines on International Money Transfer Services in Nigeria (2014) for the maintenance of adequate and reasonable financial services to the public and specifically for the regulation of International Money Transfer Operators (IMTO) services in Nigeria. The CBN has licensed several IMTOs and continues to receive applications from [...]
Any person who has been served with a divorce in Nigeria may respond to the Petition by filing an answer in a prescribed form. First of all, it is essential for filing purposes to state that a person who institutes a divorce petition for dissolution of marriage because the marriage has broken down irretrievably is [...]
Unfreezing a bank account in Nigeria arises where the bank account of a customer has been frozen or put on hold by the bank. When a bank account is frozen, the customer is unable to access their bank account balance or make any payment from the account. The bank can freeze a bank account for [...]
There are many differences between a private and public limited liability company in Nigeria. Companies, either private or public, are the most widely used business organization in Nigeria. The Corporate Affairs Commission established by virtue of the Companies and Allied Matters Act 2020 (CAMA or the Act) oversees the incorporation of a company in Nigeria. [...]
Artist Management Agreement in Nigeria embodies terms and conditions that will define the relationship between an artist and the manager. These terms and conditions define the structure of the total management of the artist in relation to the scope of representing the artist, duration of the agreement, rights of both artist and the manager, the [...]
The basic qualifications to conduct elections into any of the political offices in Nigeria are enshrined in the Constitution of the Federal Republic of Nigeria 1999. An electioneering process in Nigeria is a way of choosing representatives through a free and fair election conducted by the Independent National Electoral Commission (INEC). The basic qualifications to [...]
FUNDAMENTAL HUMAN RIGHTS IN NIGERIA Fundamental rights are those rights that have been recognized and have constitutional backing in Nigeria, these rights are contained in chapter IV of the Constitution of the Federal Republic of Nigeria, 1999, as amended (CFRN, 1999). For the purpose of this discussion, our focus would be limited to chapter IV, [...]
LAND DOCUMENTS IN LAGOS The transfer of land ownership in Nigeria involves the process where the legal rights to land are transferred from one person to another. There are several methods by which land can be transferred in Nigeria. Some of these methods include the followings: 1. Sale 2. Gift 3. Mortgage 4. By probate [...]
HOW TO VERIFY MARRIAGE CERTIFICATE IN NIGERIA The Marriage Act under the provision of Section 30(1) states that “every Registrar of Marriage is obliged to keep in his office a Marriage Register Book in which every certificate of marriage is filed in his office shall be registered”. This means that the Registrar or a clergyman [...]
HOW TO REGISTER A GROUP OF COMPANIES IN NIGERIA FORMATION OF CONSORTIUM COMPANY A Holding, Consortium, and a group of companies are business structures that can be created to accomplish specific purposes. The law regulating the formation of a company in Nigeria is the Companies and Allied Matters Act (CAMA or the Act). Generally, using [...]
PERFECTION OF LEGAL MORTGAGE IN NIGERIA A legal mortgage is a conveyance of land or assignment of property as a security for the repayment of a debt or the discharge of other obligations for which it is given, with a proviso for redemption (subject to the condition that the title shall be re-conveyed) once the [...]
DIFFERENCE BETWEEN SEPARATION OF MARRIAGE AND DIVORCE There are various suits that can be brought under Nigerian law. Amongst them are judicial separation and divorce (dissolution of marriage). Separation and divorce (dissolution of marriage) as confused by many, are not the same. Matrimonial Causes Act 1970 is the principal law governing marital disputes and settlement [...]
RESEALING OF PROBATE IN NIGERIA When a person dies, everything he owned does not die with him, there are regulations guiding the distribution, management and administration of the deceased’s estate, these processes can be carried out through either a grant of Probate or Letters of Administration. However, situations can arise where the deceased owned properties [...]
LIMITATION OF ACTION IN NIGERIA In Nigeria, there are limitations applicable to various litigation, so it is necessary to understand the statute of limitations before going to court. The statute of limitations is a law that defines the period during which a lawsuit can be brought in court. And when the period specified in any [...]
HOW TO OPEN A BUSINESS BANK ACCOUNT IN NIGERIA To open and operate a business account in Nigerian banks is an entirely different method from running an individual account in terms of its requirements and documentations. To be able to own a business account, the business must be duly registered in accordance with the Companies [...]
INTRODUCTION The focus of this paper is on the Jurisdiction of courts in Nigeria. But before examining the types of courts in Nigeria and the extents of their Jurisdictions. It will be ideal to start off this discourse by examining the meaning and importance of Jurisdiction, the effect of decisions reached without jurisdiction by [...]
FINANCE COMPANY LICENSE IN NIGERIA INTRODUCTION The Central Bank of Nigeria according to the powers conferred on it by Section 28 of the Central Bank of Nigeria Act and Section 56-61 of the Bank and Other Financial Institutions Act, issued revised guidelines to regulate the establishment, operations, and other activities of Finance Companies in 2014. [...]
GOVERNOR’S CONSENT IN LAGOS STATE Governor’s consent is a consent obtained from the governor of a state on a land transaction, without which will be deemed illegal in the eyes of the government and the law. Governor’s consent in Lagos and every other state in Nigeria are absolutely necessary where the holder of a Certificate [...]
Land Registration Law of Lagos State 2015 was enacted on the 21st day of January 2015 to form a balance in the system of registration of titles, land instruments, and transactions in Lagos State, thereby bringing the Lagos State land sector under one uniform system. By virtue of the Land Use Act of 1978, the [...]
ENFORCEMENT OF FOREIGN JUDGEMENTS IN NIGERIA The judgment of a court of a foreign country may be enforced through a Nigerian High Court either by way of an action at common law or by reciprocal enforcement. The principal legislation guiding the enforcement of foreign judgements in Nigeria is the Foreign Judgments (Reciprocal Enforcement) Act, CAP [...]
How Much Does A Deed Of Assignment Cost? Under Nigerian law, a Deed of Assignment can only be prepared by a lawyer. There is a scale of charges to govern the charges of lawyers for handling land matters. But because this scale of charges is archaic, lawyers would rather prefer to negotiate their percentage in [...]
Many people often ask the question of whether there is any difference between court marriage and registry marriage in Nigeria. The answer to the above is NO. Court and registry marriage are the same marriage process or type of marriage being called different names. Marriages are not conducted at the court registry, but only at [...]
The land verification in Lagos cut across different stages. These stages involve confirmation of survey at the office of the Surveyor-General, search at the land registry, search at the Corporate Affairs Commission and many other places as it may be applicable to a particular land transaction. By and large, the relevant methods or means for [...]
The procedure for how to verify a Nigerian divorce certificate commences by obtaining a copy of a particular divorce certificate to be verified. To verify divorce status in Nigeria, the applicant or its attorney must personally visit the appropriate court registry where the certificate was issued. Upon the successful completion of divorce proceedings in Nigeria, [...]
ADVANTAGES OF BUSINESS NAME There are different forms of company that can be registered by an individual at the Corporate Affairs Commission (CAC). An individual can either register a Business name, a Limited Liability Company or an Incorporated Trustees, however, these different ventures have their own advantages and disadvantages. The choice of the venture to [...]
The expatriate quota application in Nigeria immediately comes after the registration of a company in Nigeria by any foreigners seeking to migrate to Nigeria to carry out any permanent work. Subsequent to a successful application of the Expatriate Quota in Nigeria, the business would be in a position to process a Subject to Regularization(STR) Visa [...]
1.0 Introduction The coronavirus (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, the lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes [...]
INTRODUCTION A deed of lease in Nigeria is a contract that outlines the terms of one party agreeing to lease property owned by the other party. It guarantees the use of assets by the lessee (also called the tenant) and guarantees the lessor (property owner or landlord) to be paid by the lessee regularly within [...]
INTRODUCTION The perfection of Title in Lagos State simply means registering an interest in a property with the government. When purchasing a property in Lagos or elsewhere in Nigeria, it is statutory for the buyer of the property to obtain proper title register the said property with the government. The major governing the registration of [...]
INTRODUCTION There are differences between a business name and company, which are the major forms of incorporation for a new business start-up in Nigeria. It is important to know the legal implication of each structure of registration whether a Business name or a Private Limited Liability Company (LTD) before proceeding to the registration of such [...]
TRADE MARKS ACTARRANGEMENT OF SECTIONS The Registrar and the register SECTIONI. The Registrar of Trade Marks.2. The register. Effects of registration and non-registration 3. Effect of non-registration.4. Registration to be in respect of particular goods.5. Right given by registration in Part A.6. Right given by registration in Part B.7. Saving for vested rights.8. Saving for [...]
Read the Finance Act 2019 of Nigeria in PDF below Finance-Act-2019Download
INTRODUCTION The procedure for how to dissolve a marriage in Nigeria depends on the type of marriage contracted. For the purpose of divorce proceedings, there are two major types of marriage in Nigeria, which are; Statutory marriage Customary marriage (including Islamic marriage) Statutory Marriage A statutory marriage (also known as legal marriage) can only be [...]
Hon. Justice Ibrahim Tanko Muhammad CFR CJN The current Chief Justice of Nigeria, Hon. Justice I. T. Muhammad, CFR, CJN was born on the 31st December 1953. He hails from Doguwa, Giade Local Government of Bauchi State. He attended primary school at Giade Primary School from 1961 to 1968. He proceeded to Government Secondary School, [...]
SUPREME COURT OF NIGERIA JUSTICES The Justices of the Supreme Court of Nigeria are appointed by the President of Nigeria on recommendation of the National Judicial Council and subject to the confirmation of the senate. Pursuant to the provisions of the 1999 Constitution of Nigeria, the judgement or decision of the Supreme Court shall not [...]
COMMERCIAL LEASE AGREEMENTS Commercial lease in Nigeria is a form of lease agreement where the landlord leases his property for commercial purpose. Also, a commercial lease is an agreement between the landlord and the enterprise regarding property lease. Most organizations will decide to lease property instead of obtaining it because it requires less capital. Commercial [...]
Tax laws in Nigeria are laws and regulations guiding the collection and administration of taxes. The types of taxes collectable in Nigeria, as well as the bodies in charge of collecting, managing and regulating taxation, are stipulated by the following tax laws in Nigeria- Personal Income Tax Act Companies Income Tax Act Finance Act Value [...]
REAL ESTATE LAWS AND REGULATIONS REAL ESTATE LAWS LAW IN NIGERIA The laws regulating real estate in Nigeria can be classified into federal based laws and state-based laws. At the federal level are laws that govern the country as a whole. There are also regional laws governing some sections of the country. Some of the [...]
1999 Constitution of Nigeria Constitution of the Federal Republic of Nigeria 1999 Arrangement of sections Chapter I General Provisions Part I Federal Republic of Nigeria 1. Supremacy of constitution. 2 The Federal Republic of Nigeria. 3 States of the Federation and the Federal Capital Territory, Abuja. Part II Powers of the Federal Republic of [...]
FIRS TAX CLEARANCE CERTIFICATE A Tax Clearance Certificate in Nigeria is basically a document stating that an entity does not owe tax for a period of time specified in the certificate. The tax clearance is a certificate of clearance, indicating one has been cleared for a period of time because it has paid its taxes [...]
