On 31 December, 2021, President Muhammadu Buhari signed the Finance Bill, 2021 (now the Finance Act, 2021) into law. The principal aim of the Finance Act, 2021 (“the FA”) is to support the implementation of the 2022 Federal Government Budget […]
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The legislations applicable to employment and labour relations in Nigeria include: However, the Labour Act is the principal legislation governing employment relations in Nigeria. Its application is limited to employees engaged under a contract of manual labour or clerical work […]
Under the Old Labour Jurisprudence based on commentaries and judicial decisionsparticularly the Supreme Court decision in NNPC v. Famfa Oil Limited1, an employer is notobligated to obtain the approval of the Minister of Petroleum Resources(“Minister”) beforedisengaging an employee in the […]
The Money Laundering (Prevention and Prohibition) Act 2022 (“the Act”) is modelled on the Money Laundering (Prohibition) Act 2011 (As Amended). The Act secured the assent of the President Muhammadu Buhari on 12th May 2022 repealing the old law, Money […]
By virtue of Regulation 13 of the Companies Regulations 2021 (“the Regulation”), all existing companieswhose issued capital are less than the minimum issued share capital are required to issue all theirunissued shares on or before 31st June 2021.However, vide a […]
The administration of criminal justice in Nigeria, can neither be efficient nor effective where the actors in the ecosystem are not guaranteed their protection. Such actors include defendants in a criminal action, witnesses, judges, legal practitioners etc. The safety of […]
The effect of the Rules of Court in civil jurisprudence especially as it relates to determining the rights and liabilities of individuals and businesses in non-criminal proceedings before the Courts cannot be over-emphasized. However, Practice Directions are guidelines with the […]
On the 7th February, 2022, the Executive Governor of Lagos State (the State), His Excellency, Mr. Babajide Sanwo-Olu signed the Lagos State Real Estate Regulatory Authority (LASRERA) Bill into Law. The LASRERA Law (“the Law”) is intended to regulate real […]
The existence and operations of businesses globally have evolved in recent times due to social unrest manifested in different forms ranging from terrorism, mass killings, bomb blasts etc., natural disasters occasioned by climate change and man-made disasters such as flooding, […]
The Special Control Unit Against Money Laundering (“SCUML”) was established by the Federal Government in September 2005 in compliance with the provisions of the Money Laundering (Prohibition) Act 2004 which was subsequently repealed and amended to the Money Laundering (Prohibition) […]
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