Resolution Law Firm

REQUIREMENTS FOR BUYING LAND IN OGUN STATE

HOW TO BUY PROPERTY IN OGUN STATE Land purchase simply refers to the process of transferring ownership/title in land from one person to another for financial consideration based on written and mutual agreements/terms. There are various documents and procedures required to purchase land in Nigeria. In our previous article, we explained the procedure for buying [...]

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APPOINTMENT, REMOVAL AND CHANGE OF DIRECTORS IN NIGERIA

REMOVAL AND CHANGE OF DIRECTORS IN NIGERIA STEPS FOR AN APPOINTMENT OF DIRECTORS IN NIGERIA Directors are persons duly appointed by the company and saddled with the responsibilities of the company’s day-to-day management and are appointed to operate the business for the benefit of the shareholders of the company. This write-up seeks to highlight the [...]

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LAWYERS IN VICTORIA ISLAND| EXPERIENCED LAWYER IN VICTORIA ISLAND LAGOS

LAWYERS IN VICTORIA ISLAND LAW FIRMS IN VICTORIA ISLAND Resolution Law Firm has experienced lawyers in Victoria Island. The Resolution Law Firm's office located in Lekki phase 1 represents clients within and around Victoria Island and Oniru. Engaging the best law firms in Victoria Island has been simplified by the unrivalled legal services being offered [...]

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LAW FIRMS AND LAWYERS IN LEKKI| EXPERIENCED LAWYER IN LEKKI LAGOS

LAWYERS IN LEKKI LAW FIRMS IN LEKKI One of the most important choices every individual and the corporate entity would face is the selection of experienced lawyers or law firms who can represent them competently on any legal matter. Resolution Law Firm has over time strived to represent both corporate and individual entities around the [...]

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NCC Vows to Protect Telecom Consumers

The Executive Vice Chairman, Nigerian Communications Commission(NCC) Professor Umar Garba Dantatta has said the commission will continue to serve as a feedback mechanism for telecom consumers so as to avoid being exploited by service providers He also said the gesture would assist the service providers to provide quality services, value for money and to check [...]

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SHIP COLLISION CLAIMS IN NIGERIA

Introduction The laws that regulate the transportation of goods and persons by sea include the Admiralty Jurisdiction Act 1991(the Act) and other relevant maritime laws. The laws that govern vessel claims in Nigeria are the Admiralty Jurisdiction Act 1991, the Admiralty Jurisdiction Procedure Rules 2011 and the Federal High Court Rules. Maritime claims are demands [...]

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EMPLOYMENT OF EXPATRIATES IN NIGERIA

GUIDE FOR EMPLOYMENT OF EXPATRIATES IN NIGERIA The employment of expatriates in Nigeria is a relevant and critical topic while considering an investment in Nigeria or starting a new company that will require a foreign expertise and transfer of knowledge. Most recently, Nigeria has been a target of large-scale investments owing majorly to her large [...]

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LEGAL SEPARATION IN NIGERIA

Introduction Legal Separation is one of the decrees a Court can pronounce in matrimonial Causes, and the petition for a legal separation can be instituted under the Matrimonial Causes Act 1970. It is an alternative option to divorce. Where an order of Legal separation (or judicial separation) is granted, the couple’s ceases to cohabit; they [...]

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HOW TO REGISTER A SHIP IN NIGERIA

Introduction The Law that governs merchant shipping in Nigeria is the Merchant Shipping Act of 2007 Nigeria enacted by the National Assembly of the Federal Republic of Nigeria. The office for registration is the Nigerian Ship Registration Office, Nigerian Maritime Administration and Safety Agency(NIMASA), which was established by Section 28(2) of the Nigerian Maritime Administration [...]

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TRADEMARK REGULATIONS IN NIGERIA

The law, practice and procedure for the registration of Trademark Activities in Nigeria is the Trade Marks Act of 1967 Laws of the Federation of Nigeria 2004(the Act), while the Trademark, Patents and Design Registry under the Commercial Department of the Ministry of Trade and Investment is the authority responsible for the registration of trademarks [...]

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Fintechs, Banks Await Regulation on Open Banking

Operators of financial technology (fintech) companies and banks have urged the Central Bank of Nigeria (CBN) be more innovative in designing the framework for open banking in the country. Speaking recently at the KPMG Cyber Security Roundtable in Lagos, the Director, Banking and Payments System Department, Dipo Fatokun, said the central bank would soon make [...]

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TRADEMARK JOURNAL IN NIGERIA

Introduction The Nigerian Trademark, Patents and Design Registry is in charge of publishing accepted trademarks for registration in the Trademark Journals. The trademark contains the Name of Company, the marks accepted for registration, the class of goods in which the mark is to be registered. The trademark registry in Nigeria publishes one to two volumes [...]

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HOW TO DISSOLVE CUSTOMARY MARRIAGE IN NIGERIA

Introduction Dissolution of a customary marriage is the bringing to an end a marriage not contracted under the statutory law of Nigeria. Thus it is not a statutory marriage and as such, the legal procedure for dissolving a statutory marriage does not apply to it. There are no provisions in the Matrimonial Causes Act for [...]

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DISSOLUTION OF STATUTORY MARRIAGE IN NIGERIA

Introduction In accordance with the provisions of the Matrimonial Causes Act (“the Act”), for a marriage to be dissolved by the High Court, it must be a statutory marriage evidenced by a Marriage Certificate. A statutory marriage is one celebrated under the Act and it confers jurisdiction of the Court to hear the petition for [...]

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TRADEMARK RENEWAL IN NIGERIA

TRADEMARK RENEWAL IN NIGERIA The Trademark Act 1967 under Section 5 provides that “the registration of a person as the Proprietor of a trademark in respect of any goods shall give or be deemed to give to that person the exclusive right to use of that trademark in relation to those goods”. This right of [...]

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HOW TO CHANGE A BUSINESS NAME TO A PRIVATE LIMITED LIABILITY COMPANY

  Every individual, firm or corporate that has a place of business in Nigeria can carry on a business under a business name registered at the Corporate Affairs Commission (CAC). When considering starting a business in Nigeria, there are two options to be considered, the option of incorporating a company (Limited Liability or Public Liability [...]

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LIST OF TRADEMARK CLASSES IN NIGERIA | CLASSIFICATION OF TRADEMARK

LIST OF TRADEMARK CLASSES IN NIGERIA A registered trademark is an identity and distinction that sets apart products of particular providers from those of others in the marketplace and affords the opportunity to benefit from the valuable reputation built over time in course of using the trademark. Trademark applications are arranged according to the description [...]

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ASSIGNMENT AND RECORDING OF TRADEMARK IN NIGERIA

Introduction In Nigeria, the registration of trademarks is handled by the registry of Trademark, Patent and Design under the commercial division of the Federal Ministry of Industry, Trade and Investment located in Abuja Nigeria. Trademark is a recognizable name or design that is legally registered and used to identify and represent a product, services or [...]

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HOW TO DIVORCE A NIGERIAN MAN BY DESERTED WIFE

HOW TO DIVORCE A NIGERIAN HUSBAND One major pre-condition for instituting a divorce matter in Nigeria is the domicile of the parties. Domicile determines the jurisdiction of the court i.e. the power of the court to validly hear and determine any case/petition. Domicile means the country where a person has their permanent home; where he/she [...]

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MERGER AND ACQUISITION IN NIGERIA – THE LEGAL PROCEDURE

Introduction A Company for the purpose of growth and development can take a decision to restructure its outlook. This restructuring can be done not just on the outlook of the company but also on the operational capacity of the company. The need for Corporate Restructuring could arise as a result of the company’s desire to [...]

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JOINT VENTURES IN THE NIGERIA OIL AND GAS INDUSTRY

Introduction Oil and gas exploration and development are characterised by huge capital expenditures, high technological expertise and the ability to manage investment risks, Consequently, two major contractual arrangements emerge from the petroleum development rights, that is, joint venture arrangement (JV) and production sharing contracts (under the contractual agreement). In Nigeria, the permanent sovereignty and ownership [...]

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THE PROCEDURE FOR OIL PROSPECTING LICENCE IN NIGERIA

OIL PROSPECTING LICENSE Introduction An Oil Prospecting license is granted by the Federal Government to a Company or Joint Venture to prospect for petroleum resources. This license is granted to the licensee to conduct extensive exploration activities, remove and dispose of commercially feasible petroleum discovered during prospecting operations. A prospecting license is granted for a [...]

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HOW TO OBTAIN POWER GENERATION LICENSE IN NIGERIA

Introduction Energy is the foundation of the modern industrial economy in Nigeria; it provides ingredients for almost all human activities. The need for electricity is paramount for the growth of a country. Electricity is a powerful engine for social and economic development and transformational process. The power sector, a component of which is the electricity [...]

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NERC PERMIT, LICENCES AND FEES| NIGERIAN ELECTRICITY REGULATORY COMMISSION REQUIREMENTS

The Electric Power Sector Reform Act 2005 established the Nigerian Electricity Regulatory Commission (NERC) with regulatory powers in the electricity industry. The powers of the NERC are tariff setting and regulation, supervision of the market rules, performance monitoring and generally overseeing the orderly transformation of the power sector to a more competitive market. Nigerian Electrical [...]

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NNPC REQUIREMENT FOR NIGERIA CRUDE OIL PURCHASE

Introduction The Nigerian National Petroleum Corporation (NNPC) is an OPEC registered nation and it abides by its rules and regulations. Where a company has the interest to purchase crude oil in Nigeria, such company may approach NNPC for such transaction. The NNPC has been empowered pursuant to the NNPC Act (LFN CAP 320) to engage [...]

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JOINT VENTURES IN NIGERIA

A joint venture is a business entity/ agreement entered into or created by two or more parties to accomplish a specific task or business goal while retaining their separate identities. There are varying reasons why companies create a joint venture agreement, it could be for the purpose of accessing a new emerging market; to gain [...]

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HOW TO IMPORT GOODS INTO NIGERIA| IMPORT PROCEDURE IN NIGERIA

IMPORT AND EXPORT PROCEDURES IN NIGERIA The import procedure in Nigeria usually commences by registering a company with the Corporate Affairs Commission(CAC). A Nigerian national or foreign entity wishing to import goods into Nigeria for commercial purposes must incorporate a company in Nigeria. The import and export procedures in Nigeria are governed by several laws and [...]

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DPR IMPORT PERMIT AND IMPORTATION OF PETROLEUM PRODUCTS INTO NIGERIA

Introduction A company can apply for an importation permit where it has the appropriate legal status and is competent to carry on a business in the oil and gas industry. The guideline for the importation of petroleum is provided pursuant to Paragraph 4(1) of the 4th schedule to the Petroleum Act CAP P10 L.F.N 2004. [...]

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REQUIREMENTS FOR DPR AND NIPEX REGISTRATION

Introduction In Nigeria, there are a lot of Oil and Gas companies that provide goods and services in Oil and Gas industry in Nigeria. For a body (corporate) to successfully undertake to do business in the oil and gas industry, there are certain permits, licence for contractors, consultants and service providers that must be required [...]

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SETTING UP A COMPANY IN NIGERIA

Nigeria hаѕ a рорulаtiоn оf mоrе thаn 150 million out оf which 40 % rерrеѕеnt thе young аnd active рорulаtiоn. Thiѕ is сlеаrlу a huge mаrkеt whеn уоu соnѕidеr the fact that the соuntrу iѕ ѕtill nоt wеll dеvеlореd. Nigеriа iѕ blеѕѕеd with vаѕt rеѕоurсеѕ аnd a vеrу hugе рорulаtiоn. Thiѕ makes it a grеаt [...]

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NUPRC (DPR) PERMIT AND LICENSE GUIDELINES, CATEGORIES AND RENEWAL

NUPRC PERMITS FOR THE OIL & GAS INDUSTRY NUPRC (formerly DPR) Permit is the license required to operate a company or facility that has to do with the Oil and Gas industry in Nigeria. Application for this permit is usually submitted to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) through an online or offline medium, [...]

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MARITIME CLAIMS IN NIGERIA AND ENFORCEMENT PROCEDURE

Gоing by the Admiralty Juriѕdiсtiоn Act, a ѕhiр iѕ a vеѕѕеl of a аnу kind used оr соnѕtruсtеd for use of nаvigаtiоn bу wаtеr, hоwѕоеvеr it is propelled or moved. Thiѕ may inсludе Offѕhоrе industry mоbilе unit, a hоvеrсrаft, a drilling rig, a barge and other floating vеѕѕеlѕ. In mоѕt admiralty juriѕdiсtiоnѕ inсluding Nigеriа, whеn [...]

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FINTECH LICENSE IN NIGERIA| FINTECH REGULATION IN NIGERIA

  “Fintесh” is сurrеntlу thе new buzzwоrd in mаnу соuntriеѕ асrоѕѕ thе wоrld аnd Nigeria is nоt exempt frоm thе еuрhоriа саuѕеd bу the amalgamation оf finаnсе аnd technology; a complete turn-аrоund frоm thе trаditiоnаl ѕуѕtеm оf соnduсting buѕinеѕѕ and finаnсiаl trаnѕасtiоnѕ. Thiѕ аmаlgаmаtiоn gave rise tо what iѕ now рорulаrlу knоwn аѕ thе Fintесh [...]

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