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FCPA AND UKBA - TAKEAWAYS FOR COMPANIES DOING BUSINESS IN NIGERIA

Posted By: Admin | 03.April.2017 |

For investors looking to do business and companies doing business in Nigeria, there are myriad considerations. Navigating the business landscape without falling foul of the provisions of the UK Bribery Act 2010 (UKBA) and the US Foreign Corrupt Practices Act 1977 (FCPA) should be a key consideration. These laws did not come into force recently, but their application to Nigeria has never been more relevant than now. The present leadership got elected on the promise of rooting out corruption and has pursued its anti-corruption stance with more vigour than any other democratically elected government. On the other hand, the leadership has taken measures to encourage both foreign and domestic investors to do business in the country. 1Exportation of locally made materials has also been encouraged by the government.

This analysis seeks to highlight the offences under the laws and how they can be avoided.

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