Business Permits and other necessary licenses must be obtained by any foreign-owned company for a seamless business operation in Nigeria. In addition to obtaining a business permit, any foreigner wishing to work as an employee or control a company in Nigeria must also obtain an Expatriate Quota through the company for that purpose. Both the [...]
Most times individuals in Nigeria or even outside of Nigeria may need to obtain a police character certificate for different reasons or purposes. However, the most common reason for obtaining a police character certificate is for immigration or travel purpose. In this article, we would briefly discuss the Police Character Certificate in Nigeria and the [...]
Personal Income Tax (PIT) is a tax imposed on individuals including employees, partners in a partnership, unincorporated trusts, joint ventures, families and communities. It is imposed based on source and residency rules. The two key legislation are the Personal Income Tax Amendment Act 2011 (PITAM) and Finance Act 2020. Personal Income Tax in Nigeria is [...]
HOW TO INVESTIGATE PROPERTY TITLE IN LAGOS NIGERIA Investigation of title to land is the process of confirming the title of the vendor or owner of the land as deduced by him. The aim of the investigation is to know if the title to the land is defective and ascertain if the land has a [...]
The Nigerian product liability law, as it currently stands, is still anchored on the fault-based principle as formulated in the case of Donoghue v Stevenson. For a product liability claim, a claimant must be able to prove the following elements of negligence; duty of care, breach of duty, and causation resulting in damages before he [...]
 LICENSE FOR CAPITAL MARKET OPERATORS IN NIGERIA Under Nigerian law, any company or individual seeking to offer any capital market-related services must be licensed or registered with the Securities and Exchange Commission. Nigeria's capital market is majorly a market for long-term investment where the issuing and trading of corporate equities and long-term debt securities are [...]
The Nigerian Communications Commissions has issued draft guidelines to telecoms operators on national roaming and infrastructure sharing. The guidelines on national roaming issued on Monday aimed to improve network quality of service delivery to subscribers in unserved and underserved communities across the country. Also, the guideline on infrastructure sharing would ensure unnecessary duplication of infrastructure [...]
Operators in the downstream sector of the Nigeria petroleum industry are demanding special legislation to support the deregulation of the sector and save it from the danger of policy summersault, writes Peter Uzoho Notwithstanding their consensus endorsement of the deregulation of the downstream sector of the Nigerian oil and gas industry by the current federal [...]
The stock market capitalization hit N16.207 trillion last week following sustained demand for equities. The unprecedented demand for stocks had lifted the market by N1.93 trillion to close the month of October at N15.958 trillion. Although some level of profit-taking was recorded, the positive performance was sustained in the first week of November, driving indices [...]
The Chief Justice of Nigeria, Justice Tanko Muhammad, will on Friday inaugurate eight judges to the Supreme Court bench. The judges to be elevated to the apex court bench with their geo-political zone of origin are Justices Lawal Garba (North-West), Helen Ogunwumiju (South-West), Abdu Aboki (North-West), and M. M. Saulawa (North-West). Others are Justice Adamu [...]
The House Committee on Power reached the decision via a motion at the resumed budget defense session with TCN on Tuesday in Abuja. The agency had appeared before the Committee to defend its 2021 budget proposals totaling N165,89,532,680.00. It announced 14 new projects to be executed in next year’s budget. But hardly had its Managing [...]
The Economic and Financial Crimes Commission (EFCC), on Monday, re-arraigned former Benue Governor, Gabriel Suswam, before Justice Ahmed Mohammed of the Federal High Court, Abuja. Suswam was re-arraigned alongside the then Commissioner of Finance during his administration, Omadachi Okolobia, on an 11-count charge bordering on money laundering. The News Agency of Nigeria (NAN) reports that [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 Â
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. Â Part II Powers of the Federal Republic of [...]
Bigamy in Nigeria Marriage is a social and legal relationship. There are legal regulations to maintain the sanctity of marriage and to prevent actions deemed offensive to public morals. Every legal system, therefore, presents a conception of marriage, which states what validly constitute a marriage, stipulates actions that are wrong, and provides ground for its [...]
REVIEW OF FINANCE ACT IN NIGERIA President Muhammadu Buhari on Monday 13, January 2020 signed the Finance bill designed to create an enabling environment for business and investment by those in the private sector. This bill was earlier presented by the president at a joint session of the National Assembly on October 14 2019. In [...]
Affidavit of Spinsterhood in Nigeria Attestation of Marital Status Certificate of spinsterhood in Nigeria is basically an affidavit (sworn to before the commissioner of oath in the High Court of the state) attesting to her single marital status, clearly stating that the woman is free to marry and there is no hindrance of a proposed [...]
LEGALISATION OF DOCUMENTS Legalization of documents in Nigeria essentially deals with the certification or attestation of the authenticity of signatures on documents and compliance of same with the laws of a country where it was issued. The procedure of how to legalize documents in Nigeria are usually the same for most documents that require legalization [...]
LEGAL CONSULTANTS IN NIGERIA Resolution Law Firm is a leading law firm in Nigeria with more than a dozen legal practitioners in Nigeria. The firm acts as legal consultants in Nigeria to several individuals, local and multinational companies in Nigeria. The law firm has various competent and experienced lawyers focusing on various areas of legal [...]
