HOW TO VOLUNTARILY WIND UP A COMPANY IN NIGERIA
In Nigeria, a company can be wound up voluntarily by resolution of its shareholders or compulsorily by an order of court. Voluntary winding up of a company involves the resolution of all its affairs and legal dissolution of the company as a corporate entity. This article addresses voluntary winding up in line with procedures, duties […]
LEGAL DUTIES OF EXECUTORS IN ESTATE MANAGEMENT AND PROBATE IN NIGERIA
The death of a person triggers a series of legal processes for the administration and distribution of their estate. One can die testate (with a valid Will) or intestate (without a Will) in law. In the event of a person dying testate, the Testator (drafter of the Will) has to appoint persons to oversee the […]
SUMMARY OF TAXES APPLICABLE TO COMPANIES IN NIGERIA
Taxes in Nigeria are levied on the individual and companies, and are collected mainly by the Federal Inland Revenue Service (FIRS) on behalf of the Federal Government. Some taxes are mandated under the law, including Company Income Tax, Petroleum Profit Tax, Capital Gains Tax, Value Added Tax, Stamp Duties, Personal Income Tax, Withholding Tax, Education […]
DEBT RECOVERY IN NIGERIA: LEGAL FRAMEWORK,PROCEDURES & ENFORCEMENT
Debt recovery is a critical aspect of business as well as personal transactions in Nigeria. Debts may arise from loan agreements, credit sales, supply of goods and services, tenancy or rent agreements, or even court judgments. If a debtor defaults or in any way declines to settle the debt, the creditor risks incurring heavy financial […]
CHALLENGING A WILL IN NIGERIA
Challenging a will in Nigeria is a formal legal process through which an interested party disputes either the validity or the specific provisions of a deceased person’s will. Such disputes are handled in the Probate Registry of the High Court within the state where probate was granted. This guide outlines the key legal grounds for […]
REVERSING FRAUDULENTLY OBTAINED FUNDS IN NIGERIA
In today’s digital era, more people are managing their finances through online banking, mobile apps and social media marketplaces. While these tools offer great convenience, they have also opened the door to new forms of fraud. Scammers are increasingly using these platforms to trick individuals and steal money. This article explores common online scams and […]
OVERVIEW OF ANTI-MONEY LAUNDERING LAWS IN NIGERIA
Money laundering has emerged as a pressing global issue, with criminal actors exploiting financial systems to obscure the origins of illicit funds. In response, Anti-Money Laundering (AML) framework’s comprising laws, regulations and enforcement mechanisms, have been developed to detect, deter and disrupt the laundering of criminal proceeds. These frameworks aim to safe guard the integrity […]
HOW TO GET A COURT ORDER IN NIGERIA
Issuance of Court orders in Nigeria The issuance of a court order in Nigeria depends on the nature and stage of the legal proceeding, and the procedural rules governing such proceedings. A court order can be orally communicated by the judge and subsequently reduced to writing. It is generally a formal order, ruling, or command […]
EMPLOYMENT AND LABOUR LAW FIRM IN ABUJA AND LAGOS
Abuja, Nigeria’s capital city, has evolved at dizzying speed into a thriving hub of business and legal activity. Amongst the numerous law firms practicing in this cosmopolitan environment, Olamide Oyetayo & Co emerges as first choice through sheer expertise and unwavering commitment to Employment and Labour Law. Founded by excellence and the outcome-focused mindset, Olamide […]
INVESTMENT SCAM IN NIGERIA: THE LEGAL REMEDIES
There has been a worrisome rise in fraudulent scams masquerading as finance houses in Nigeria over the years. These schemes have a tendency to lure unsuspecting members of the public with the promise of unusually high Returns on Investment (ROIs), sometimes between 30% and 50%. The rise in the number of these scams is attributed […]