HOW TO LEGALLY REVERSE A WRONG BANK TRANSFER THROUGH COURT ORDER
Mistakes occur—especially in the age of technology. One common error is sending money to an incorrect bank account by mistake. For instance, you are intending to send money to “James,” but actually send it to “Sarah,” someone you do not know. In this case, it may not be easy to get in touch with “Sarah” […]
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, […]
HOW TO SET UP A TRUST FUND IN NIGERIA
Trust funds are gaining popularity as more individuals seek effective strategies for managing and safeguarding their wealth. These financial structures provide long-term security for both the settlor and their beneficiaries. While the concept may seem complex, establishing a trust fund is a straightforward process when broken into clear steps. This guide explores how to create […]
COMPREHENSIVE GUIDE TO REGISTERING AN NGO OR ASSOCIATION IN NIGERIA
Registration of a Non-Governmental Organization (NGO) or Association under Incorporated Trustees is important to be able to enjoy the legal support and go about its operations with ease. This is a complete overview guide of requirements, step-by-step process, and fees for the registration under Incorporated Trustees through the completely digital means provided by the Corporate […]
HOW TO SET UP A REPRESENTATIVE OFFICE IN NIGERIA
The Companies and Allied Matters Act 2020 (CAMA) is the operative law regulating corporate and business-related activities in Nigeria. Under this law, any company desirous of carrying on business in Nigeria must be registered with the Corporate Affairs Commission, the statutory body saddled with the responsibility for business registration and post-incorporation compliance in Nigeria. Under […]
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 […]
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 […]
HOW TO WRITE A PETITION TO THE EFCC IN NIGERIA
The Economic and Financial Crimes Commission is the body in Nigeria responsible for investigating and prosecuting financial crimes, fraud, and corruption. It was established on April 13, 2003, and has since been regarded as an “eagle” in the identification and tackling of fraudulent activities. One of the key ways EFCC operates is by acting upon petitions […]
THE RIGHT TO OWN PROPERTY AND THE GOVERNOR/FCT MINISTER’S POWER OF REVOCATION IN NIGERIA: A LEGAL PERSPECTIVE
A right to acquire and own property is enshrined in the Constitution and thus forms one of the strong foundations of Nigerian legal and social systems. Every Nigerian citizen has, by this right, the capability to acquire and hold an immovable property, such as land or buildings, anywhere in the country. This right, however, is […]