Oil Licensing Regime Under the Petroleum Industry Act 2021: Petroleum Exploration Licence (Part 1)
Prior to the Effective Date of the Petroleum Industry Act, 2021 (“PIA”), oil exploration and exploitation activities in Nigeria was governed mainly by the Petroleum Act, 1969 (“PA”) which was the principal legislation governing the oil and gas sector. Exploration and production companies had to obtain the requisite licence from the Minister of Petroleum Resources […]
Benefits of Stabilization Clause and The Whittling Effect of Defence of Sovereign Immunity
One of the indices of a developing or a developed country is the absence or presence of foreign direct investment and foreign portfolio investment in the country. For developing countries, there will be a need to create a viable environment that will attract investments and in turn, bring substantial development to the host State. The […]
Procedure for Dissolution of Marriage Under Customary Law
The process for dissolution of a marriage in Nigeria depends on whether the couple entered into a statutory marriage or a traditional marriage. Customary marriages are dissolved in line with the customs and traditions of the locality where the marriage was contracted, while statutory marriages are dissolved in accordance with the applicable laws governing marriage […]
Overview of the Power of Attorney
A person may be unable to act personally in relation to a transaction involving his or her property or business, due to poor health, being unavailable, or lacking experience in the relevant sector. In such a circumstance, he may engage an attorney to act in his stead in relation to those transactions. Power of attorney […]
Imperatives for Receipt of the Norwich Pharmacal Order into the Nigerian Legal System
Most times a Claimant knows his right(s) has been infringed upon or a wrong has happened against him but cannot claim damages against the wrongdoer due to lack of evidence to prove the wrongdoing or lack of knowledge of the identity of the wrongdoer. In a bid to access this information, the Claimant in most […]
Environmental Regulation in the Oil and Gas Industry
Like many other sectors in the Nigerian economy, there seems to be a myriad of regulations, laws and policies tailored toward the protection of the environment. At the center of these regulations is the National Environmental Standards and Regulations Enforcement Agency (“NESREA” or “the Agency”) which has the general responsibility for promoting the sustainable development […]
Does 1999 Constitution Require a Presidential Candidate to Secure 25 Percent of the Votes Cast in FCT, Abuja?
Nigerians have been seeking to elect the President and Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, members of the House of Representatives and Senate since Saturday, 25th February 2023. The most intriguing so far is the election to the office of the President. The Constitution of the Federal Republic […]
An Examination of When a Suit/Action is Statute-Barred: Review of the Supreme Court Decision in Karshi & Ors V Gwagwa (2022) Lpelr- 57544(Sc)
To validly institute a civil action, it is the position of the law that there is a time limit within which such action can be brought before a court for proper adjudication. The law that decides the time limit is the Statute of Limitation (hereinafter “Limitation Law”). The applicable limitation law stipulates that an action […]
Nigeria Cash Withdrawal Limit: Legality of the Central Bank of Nigeria (Cbn) Circular with Ref. Nos.: Bsd/Dir/Pub/Lab/015/069 And Bsd/Dir/Pub/Lab/015/073
Following the redesigning of the currency (Naira i.e. 200, 500 & 1000) of Nigeria, the Central Bank of Nigeria (CBN) issued a memo dated 6th December 2022 and referenced BSD/DIR/PUB/LAB/015/069 to all Deposit Money Banks (DMBs) and other financial institutions in furtherance to its cashless policy. It mandated that effective from 9th January 2023, there […]
Pre-Arbitration Emergency Measures Under the Arbitration and Mediation Bill 2022.
The passage of the Arbitration and Mediation Bill 2022 (“the Bill”) introduces innovative fallback provisions in the legal framework for alternative dispute resolution in Nigeria. Under the Bill, provisions have been made for appointment of emergency arbitrators and applications for grant of interim measures pending arbitration. Section 16 of the Bill provides that a party […]
