Operation Amotekun – Is it Valid Under Nigerian Constitution?
The Western Nigeria Security Network code named Operation Amotekun has been described as a regional “security formation” or “outfit” set up to complement the efforts of the police in the area of combating kidnapping, armed robbery as well as herdsmen and farmers contentions in the Western region. Till date, no law establishes and/or define the […]
The Impact of the 2020 Finance Act on the Oil and Gas Industry in Nigeria
So, we’ve all heard about the trending Finance Act, 2020 (the “Act”) signed into law by President Muhammadu Buhari on Monday 13th January, 2020. The Act has made sweeping changes to a number of existing tax laws namely: Companies Income Tax Act, Value Added Tax Act, Customs and Excise Tariff Act, Personal Income Tax, Capital […]
A Consideration of the Amendments to the Deep Offshore and Inland Basin Production Sharing Contract Act
On the 4th of November, 2019, President Muhammadu Buhari signed the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Amendment Bill into law. The amendment introduced major changes to the Deep Offshore and Inland Basin Production Sharing Contract Act (the PSC Act or the Act). Before considering the amendments in detail, we give a […]
Upturning the $9.6 Billion Arbitral Award Granted P&ID
A little storm has been brewing since the $9.6 billion arbitral award against Nigeria in favour of P&ID. The processes leading up to the GSPA agreement subject of the award have been intensively reviewed by the EFCC and by various committees of the present government. New facts suggesting acts of fraud by agents of both […]
Ruga Policy and the Limits of the Powers and/or Authorities of the Executive Governors of States and Federal Government of Nigeria Over Lands Under the Land Use Act
The advent of the new millennium has seen an escalation of the crisis between cattle herders (pastoralists) and farmers in Nigeria. The worst of this conflict has been in the North Central states, particularly Benue, Plateau and Nasarawa. In recent times, there has been a peaking of the crisis, as the conflict has begun to […]
Share Buyback Scheme an Unexplored Corporate Management Tool
A share buyback occurs when a company repurchases its shares from its shareholders. It is a situation where a company is investing in itself. In the past, this had given room to unscrupulous managers and promoters of companies to perpetrate fraud by creating an artificial buoyancy of the shares of companies and encourage dangerous speculative […]
Corporate Governance and Investor Confidence in Nigeria
The potential of an economy to attract investment depends largely on the state of governance of the economy and the policy thrusts of the managers of the economy. The primary duty of the managers of an economy is to use and maximize the limited resources of the economy efficiently to achieve the objectives of the […]
The Legality of the Use of Plea Bargain in the Nigeria Criminal Justice System
The concept and use of plea bargain in Nigeria has caused much furore in recent years. This has been because of its use by the Economic and Financial Crimes Commission (EFCC) in dealing with cases of corruption by public officials and others holding offices of public trust. To many, the practice conflicts with their sense […]
An Appraisal of the Asset Management Corporation of Nigeria (Amcon) Act, 2010
The AMCON Bill was signed into law on the 9th day of July, 2010 as an Act to establish the Asset Management Corporation of Nigeria for the purpose of efficiently resolving the non-performing loan assets of Banks in Nigeria and for related matters. President Goodluck Jonathan in a brief speech delivered after the signing ceremony […]
A Report on the Nigerian Gas Industry and Investment Projections for 2024 and Beyond
As we stride into the new year, it is important to look back on the opportunities, challenges, and transformations witnessed so far within the oil & gas industry. This retrospective analysis serves as a compass to guide us in shaping insightful industry projections for the new year. Amidst global shifts in energy paradigms and local […]
