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 […]
What Startups and Investors Should Expect from the Implementation of the Nigeria Startup Act, 2022
In 2021, African startups raised over $4 billion across 355 funding deals, that is (almost three times what was raised in previous years) and the Nigerian fintech sector reportedly accounted for 63% of the funding raised. Additionally, out of the 10 unicorns coming out of Africa, 7 are Nigerian – Jumia, Flutterwave, Andela, Chipper Cash, […]
Efficacy Of Court Orders Directing The Conduct Of Fresh Primaries Outside The 180 Days Threshold For General Elections: A Review Of The Electoral Act, 2022
The guidelines of the Independent National Electoral Commission (INEC) include timelines for primary elections, campaigns, substitution of candidates, general elections e.t.c. Section 29 (1) of the Electoral Act (“the Act”) states that: “(1) Every political party shall, not later than 180 days before the date appointed for a general election under this Act, submit to […]
International Maritime Day 2022: New Technologies for Greener Shipping
Today, the 29th of September marks the 2022 World Maritime Day. The theme “New Technologies for Greener Shipping” was chosen by the International Maritime Organization (IMO) to promote the use of technologies that minimizes carbon footprint and other environmental pollutions generated by the maritime industry for a sustainable maritime sector. This is in consonance with […]
Legality of Placeholder Arrangement in the Nigerian Electoral Process
The Constitution of the Federal Republic of Nigeria, 1999 (the 1999 Constitution) and the Electoral Act, 2022 place premium on the power of political parties to hold, conduct, administrate and coordinate their primaries (either through election or consensus). This is a necessary procedure for submission of nominated names to the Independent Electoral Commission (INEC) as […]
Overview of the Nigerian Mining Sector: Challenges and Opportunities
Nigeria is richly endowed with abundance of mineral resources. The country boasts of more than 40 valuable mineral deposits including clay and kaolin, gold, gypsum, iron ore, lead and zinc, phosphate, and tin across the 36 States. Baryte, bitumen, coal, gold, iron ore, and limestone, lead-zinc and coal have been identified by the Federal Government […]
AFCFTA – Remarkable Feat on the Negotiations on Rules of Origin and the Introduction of a Payment Gateway
At the 8th meeting of AfCFTA Council of Ministers convened in Accra from 28-29 January 2022, some remarkable progress was recorded with regard to the implementation of AfCFTA (“AfCFTA, free trade pact”). Key take-home were: • The addition of 850 products to existing products with agreed rules of origin; • The launch of the Pan […]
