Covid-19: A Critical Analysis of the Federal Government’s Proposal to Supply Free Electricity
Recently, the House of Representatives proposed a stimulus bill to facilitate the free distribution of electricity to Nigerians for two months as part of the Federal Government (FG)’s socio-economic response to limit and alleviate the human and economic impact of the Covid-19 pandemic. Other countries such as Ghana and the Democratic Republic of Congo have […]
Legal Mechanism for Investor Protection in Private Equity Transactions in Nigeria
According to the African Private Equity and Venture Capital Association, 73 percent of the total value of private equity deals in West Africa between the years 2013 to 2018 were recorded in Nigeria. This trend continued into 2019 and 2020 with a high volume of deals recorded in the financial services, information technology and real […]
Decriminalisation of Bigamy in Lagos State And its Legal Implications
The present Nigerian criminal justice system is part of Nigeria’s inheritance from colonial Britain. In fairness, it served the colonial power rather well. But with the transformation from colonialism to self-governance, democracy, military rule and now a hybrid of civilian rule and democracy, the inherited system had come under severe strain to the extent that […]
Legal Audit as a Crucial Response to the Legal and Financial Uncertainties Faced by Organisations in the 21st Century
If we are left intact, we would try to fix the department to what it ought to be –effective, efficient and responsive to the public. I see myself as part of the solution. This audit is something we requested. Helen White INTRODUCTION The term legal audit may sound unfamiliar in the Nigerian businesses due to […]
Covid-19 Pandemic: A Force Majeure to Reckon with in Business Today
As at April 5, 2020 the World Health Organisation (“WHO”) has reported over two hundred countries/territories/areas with confirmed cases of the COVID-19 pandemic with the Falkland Islands (Malvinas) joining the list of territories with confirmed cases in the past 24 hours. Nigeria has reported 230 cases and 6 deaths. The world has over 1,200,000 confirmed […]
NERC Issues Order on the Transitional Accounting Treatment of Tariff Related Liabilities in the NESI as Part of Implementation of the PSRP
The Power Sector Recovery Program (PSRP) which was approved by the Federal Executive Council on the 22nd of March 2017 has as its program scope, the de-risking of the power sector for private investment through a comprehensive package of financial, operational, governance, and policy interventions. According to the PSRP, between February 2015 and December 2016, […]
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 […]
Oil & Gas
As a focal industry in the Nigerian economy, all operations within the Nigerian Oil and Gas Industry from exploitation to consumption, including potential environmental impacts are closely and keenly regulated by various supervisory bodies. At the core of these operations are complex contractual arrangements facilitating the movement of oil and gas from on-shore and off-shore […]
