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 […]
LEGAL MISTAKES THAT CAN KILL YOUR STARTUP IN NIGERIA
Becoming an entrepreneur in Nigeria is an exciting endeavor, with the country’s standing as Africa’s largest economy and rapidly developing startup culture making it a wonderful setting for entrepreneurs as well as investors. With a population of over 200 million, a vibrant population, as well as increasing numbers of an expanding middle class, there exist […]
CORPORATE TAXATION IN NIGERIA
Corporate tax refers to the various taxes imposed on firms and legal entities doing business in Nigeria. The taxes are typically deducted from a company’s earnings and continue to be a significant source of revenue for governments. The revenue from taxation is, in turn, utilized by the Nigerian government to fund infrastructure projects, social issues, […]
COMPREHENSIVE GUIDE TO REPATRIATION OF CAPITAL AND PROFITS IN NIGERIA BY FOREIGN INVESTORS
Repatriation refers to the process of transferring people, assets, or funds back to their country of origin. In financial terms, it involves converting foreign-earned income, investments, or profits into the investor’s home currency. Businesses, individuals, and multinational corporations frequently engage in repatriation when they return capital from foreign subsidiaries, investments, or overseas income to their […]
SETTING UP A REAL ESTATE COMPANY IN NIGERIA: OPPORTUNITIES,REGULATIONS, AND KEY REQUIREMENTS
The real estate sector in Nigeria presents a wide range of opportunities, with each one subject to specific regulations. Businesses in this industry range from construction and property development companies, through property management, short-let services, estate surveying and valuation, to real estate agency operations. Of importance is that Nigeria does not restrict foreigners from setting […]
DOCUMENT CERTIFICATION IN NIGERIA: A STEP-BY-STEP GUIDE
Certification of documents in Nigeria is a very significant process that ascertains the validity of a document to ensure it meets all the legal and administrative requirements. This procedure is of immense importance in various scenarios, such as court cases, academics, international deals, company hiring, and immigration purposes. Certification shows that a document’s copy is […]
HOW TO LEGALLY DIVIDE INHERITED PROPERTY IN NIGERIA
Inheritance disputes are not new to Nigerians; they largely occur whenever there is inadequate legal knowledge concerning the distribution of inheritance. It may be a piece of land, house, or other kinds of valued property,the process of sharing it can be hectic, particularly when numerous heirs are involved. This article provides a critical analysis of […]
TERMINATION OF CONTRACTS UNDER NIGERIAN LAW
In the case of most commercial relationships, parties negotiate and agree to terms and conditions, normally captured in a contract. A contract is the oral or written agreement that stipulates rights and obligations of parties enforceable by law. The termination of a contract has been defined as the expiration of the commercial relationship before the […]