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 […]
DIFFERENCE BETWEEN PUBLIC AND PRIVATE COMPANIES IN NIGERIA
Private and public limited liability companies are the most important forms of business entities in Nigeria, each serving different purposes and operating under different frameworks. This article examines the key features and differences between these two types of companies. Private Companies A private company, under the Companies and Allied Matters Act, is characterized by the […]
REGULATORY COMPLIANCE FOR STARTUPS IN NIGERIA
Nigeria boasts one of Africa’s most vibrant startup ecosystems, drawing significant attention from both local and global investors. However, for emerging businesses, understanding and adhering to the country’s regulatory framework can be complex. Many startups, especially those unfamiliar with industry-specific requirements, struggle to navigate these legal obligations. While compliance may just sound like a legal […]
GUIDE TO BUYING PROPERTY ON INSTALLMENT IN NIGERIA: STEPS,TIPS AND BEST OPTIONS
In 1999, one Femi, a landowner, sold five plots of land in Lekki Phase 1 to one Mayowa, an investor, for 15 million Naira with an outstanding balance of 10 million Naira due after twelve months. Possession was delivered to Investor Mayowa. He commenced developing one plot. Despite Femi’s repeated demands for the balance, for […]
GOT AN INVENTION? HERE IS WHAT YOU NEED TO KNOW ABOUT PATENTS IN NIGERIA
Hey there, inventor! If you’ve come up with something brilliant and want to protect it, you’re in the right place. Let’s talk about patents in Nigeria and how they can help you safeguard your awesome ideas. What’s a Patent, Anyway? Think of a patent as a special shield for your invention. It’s like telling the […]
TERMINATION OF EMPLOYMENT IN NIGERIA
Termination of employment is always a sensitive and relatively complex issue between employer and employee. Being an employer or employee, especially in the case of either, requires the awareness of the legal arrangement put in place for such regulation to keep you within the requirements of the law and undertake all measures for protection of […]
ESSENTIAL GUIDE FOR FOREIGN INVESTORS: HOW TO REPATRIATE CAPITAL AND PROFITS IN NIGERIA SUCCESSFULLY
Generally, repatriation is a term referring to the return of people, assets, or cultural artifacts to their country of origin. In finance, repatriation involves the conversion of foreign-earned income into the home country’s currency. It would, therefore, represent the instance when a business or an individual is returning money back to the home country, which […]
TENANT RIGHTS IN NIGERIA: LEGAL PROTECTION AGAINST UNINHABITABLE LIVING CONDITIONS IN NIGERIA
Tenants have the right to a safe and habitable home, no matter how little rent they pay. A “habitable home” means that the rental meets minimum living requirements, including a roof that does not leak rain, enough ventilation, solid floors and walls, protection from serious environmental hazards, and reasonable security against crime. In Chukwuma & […]
ESSENTIAL STEPS FOR EFFECTIVE DEBT RECOVERY IN NIGERIA
In view of recovering a debt in Nigeria, it must be through the processes recognized by the relevant laws. The relationship between a debtor and a creditor is timeless in human affairs, and more so, it makes it necessary to know the laws that regulate the recovery of debts. Understanding Debt Debt is defined as […]
THE CRUCIAL ROLE OF PROPERTY LAWYERS IN NIGERIA’S PROPERTY TRANSACTIONS
Buying and selling properties are significant and complex transactions that necessitate the expertise of property lawyers in Nigeria. The role of a property lawyers in Nigeria is to safeguard the interests of all parties involved, whether they are the buyer or the seller. Here are several key reasons why retaining a property lawyer for any […]