Mortgaging a ship is a form of security wherein a ship owner (“Mortgagor”) gives to the lender (“Mortgagor”) an interest in a ship as a security for loan either by way of creating a statutory mortgage or a equity mortgage. […]
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Over 23% of pregnant Nigerian women insist on giving birth to their children abroad. Be it for show off or access to better medical service or dual citizenship for the child, the number of Nigerians travelling abroad for child birth […]
CITIZENSHIP BY INVESTMENT IN MOLDOVA The Moldova Citizen by Investment (MCBI) program requires applicants to make a defined economic contribution to Moldova through the Public Investment Fund. Applicants and their families will be granted citizenship in exchange having gone through […]
INTRODUCTION From artworks to property to super yachts, something sets the ultra-wealthy apart; the need to continually amass trophies. Undoubtedly, obtaining another citizenship is the recent trophy for the ultra-wealthy. Asides from the boost of status and increased global mobility […]
INTRODUCTION There is a general proposition that the powers of the courts are limited by their territorial boundaries (i.e. territorial jurisdiction). Thus, a judgment delivered by the court of one jurisdiction should ordinarily have no force or effect beyond its […]
Background The Nigeria Immigration Service (NIS) through the Comptroller-General of NIS, Mr Mohammed Babandede has recently announced plans to increase the validity of passports issued to adults from five (5) to ten (10) years. Passport validity of children will not […]
BACKGROUND The Central Bank of Nigeria (CBN) recently published a draft guideline on cybersecurity for Deposit Money Banks (DMB’S) and Payment Service Providers (PSP’s). The guideline is borne out of the persistent and increasing cyber-attacks on financial institutions and platforms […]
BACKGROUND The Nigeria President, Muhammadu Buhari on 5 th July 2018 signed the Executive Order 6 of 2018 (EO6) on the preservation of suspicious asset recovered from corrupt officials. This is part of the anti-graft drive by the Federal Government […]
BACKGROUND The Central Bank of Nigeria (CBN) in 2011 made a decision to hold a part of its external reserves in Chinese Renminbi (CNY). The reason for this is not far-fetched given the expanding influence of China in global trade […]
Recently, a new policy affecting foreigners entering the country with a Visa on Arrival was introduced at Lagos Murtala Muhammed International Airport. The new policy imposed an additional $90 on foreigners on arrival as Biometric Visa-On-Arrival charge and an additional […]
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