As consumers, we have all experienced the disappointment of purchasing a product or service that fails to meet our expectations or needs. In such situations, seeking a refund seems like the natural course of action. However, some companies attempt to…
Land Search Begin by conducting a land search at the lands registry of the state where the property is located. This search aims to uncover any encumbrances on the land, such as mortgages, liens, or government acquisitions. It also helps…
The court is not the only way to resolve conflicts, and as such is better kept as a last resort for conflicts when reasonable. “Alternative Dispute Resolution” or ADR is the option of which all should be aware for making…
The federated future of social media Social media today is dominated by a few central corporations. New technologies like ActivityPub allow for a more “federated” approach. Web3 and the metaverse are fast ushering social media into a new frontier. New…
Contracts in the music industry, speaking specifically about those made between music producers and artistes as foundations of professional relationships ought to protect the interests of both parties. Like bridges, they must be built on a firm ground of mutual…
We wish to notify you of an error in our last article regarding the Tier 2 microfinance bank: the required minimum share capital is N200,000,000 (two hundred million), not N20,000,000 (twenty million) as previously stated. We sincerely apologize for any…
Cooperative Societies are collaborative teams where members voluntarily band together to achieve common economic, social, and cultural objectives. They’re democratic and every member has a voice in decisions. In Lagos, the Ministry of Commerce, Industry, and Cooperatives stands as the…
Recently, we marked the day of celebrating love and in recent times, we have seen a surge in the way love and celebration gift items are packaged. A major, in vogue choice of gift is the money bouquet or money…
The Central Bank of Nigeria (CBN) has announced a significant update to the financial regulatory framework, particularly affecting the capital requirements for commercial, merchant, and non-interest banks operating within the country. This move aims to fortify the banking sector against…
The Tax Clearance Certificate (TCC) is an official document issued by the tax authorities, usually the Federal Inland Revenue Service (FIRS) or State Internal Revenue Service (SIRS), certifying that an individual or organization has fulfilled their tax obligations. It serves…
IP encompasses intangible creations of the mind, such as inventions, artistic works, designs, images, brand names, amongst other examples. An IP maker is often described as a creator or author. An Intellectual Property Right grants creators exclusive rights to use…
According to the Nigeria Civil Aviation Authority Regulations, 2023, the following must be followed for an airline to be licensed for business. Eligibility of the Applicant The applicant must either be: A Nigerian citizen, or A company or organization registered…
SCUML is an acronym for Special Control Unit against Money Laundering, a department of the Economic and Financial Crimes Commission (EFCC). In order to deal with situations in which businesses were used as conduits for carrying out financial crimes and…
Forming a Joint Venture (JV) or a partnership is a popular strategy for businesses in Nigeria seeking to combine resources, share risks, or access new markets. Here we discuss legal perspectives and implications that need to be understood, particularly intellectual…
In a landmark ruling on July 11, 2024, the Supreme Court, through a unanimous decision by a seven-member panel of justices, barred the governors of Nigeria’s 36 states from receiving, withholding, tampering with, or utilizing funds allocated to the local…
What is C-of-O Redefined? C-of-O Redefined is an initiative by the Oyo State Government to enable all property owners (commercial, residential, agricultural, industrial, and undeveloped land) to obtain their title documents within a short period. The goal of the government…
Winding Up or Liquidation of Banks in Nigeria: Legal Framework and Procedures The winding up or liquidation of a bank in Nigeria is a critical process governed by several key pieces of legislation, primarily the Companies and Allied Matters Act…
