Some of the easiest ways to put a dagger in the heart of an existing company is through corporate conflicts, internal rivalry, and managerial misconduct. It is a known fact that corporate conflicts affect the operation of the company and jeopardizes relationships of shareholders and directors. In order to avoid being tangled in these webs, it is essential to implement…
Anti-Money Laundering (AML) compliance is no longer optional for businesses especially those operating in the financial eco system in Nigeria. The Central Bank of Nigeria and other institutions such as the Economic and Financial Crimes Commission (EFCC) have repeatedly stated that AML Compliance is regulatory, commercial, and reputational necessity for fintech companies. As one of Africa’s largest and most dynamic…
The relationship between a bank and its customers is primarily governed by contract, which generally restricts the opportunities for third-party intervention. However, the framework for freezing bank accounts seems to represent a notable exception where such interventions are comparatively frequent. The freezing of bank accounts has long been a contentious subject in banking litigation and a recurring source of dispute…
Introduction Nigeria’s real estate industry stands at a historic crossroads. Once a sector dominated by traditional development models and predictable market patterns, it has evolved into one of the country’s most dynamic and challenging industries. Today, the Nigerian property market is shaped by rapid urbanisation, shifts in consumer preferences, rising construction costs, regulatory complexities, and growing investor scepticism. Despite these…
INTRODUCTION. THE CONCEPT OF A CONTRACT OF GUARANTEE. To a layperson, a guarantee can seem like a confusing document. The primary obligation of paying if the borrower defaults is typically explained in just two or three lines. So, why is there a need for a lengthy document? However, many of the technical provisions are essential for protecting a lender. Some…
Abstract Nigeria’s judiciary faces increasing delays in justice delivery, almost abandoning the core principle that justice delayed is justice denied. Another concern is inefficiency and corruption. Court cases often last years, sometimes over a decade, at the court of first instance, due to an overstretched, underfunded judiciary, outdated infrastructure, and politicised appointments. Even arbitration proceedings, which are supposed to…
Expectation This article is meant to give you an insight about some industries that are adopting the use of Artificial Intelligence. Introduction Since 2022, there have been paradigm shift in the adoption of AI across various sectors such as legal, transportation, logistics, healthcare, e-commerce, banking and finance. Artificial intelligence is spear-heading growth and driving development by automating process and ensuring…
ABSTRACT This article, “Adoption Under Nigerian Law”: A Legal Framework for Child Welfare and Family Formation,” provides a comprehensive overview of the legal landscape governing adoption in Nigeria, primarily focusing on the Child Rights Act (CRA) of 2003. It begins by defining adoption as a legal process establishing a permanent parent-child relationship and traces its historical evolution in Nigeria, emphasizing…
Since the creation of the world, there have been several remarkable inventions that shook the universe, however Artificial Intelligence seems to be one of the biggest innovations known to mankind. Artificial Intelligence popularly known as AI has become an indispensable invention that drives sustainable development in developed and under-developed countries. The importance of Artificial Intelligence cannot be overemphasized as it…
INTRODUCTION The internet penetration has brought a lot of tech revolution in Africa. Recent surveys have shown that Nigeria is making tremendous progress in the startup ecosystem. The commercial city of Lagos in the Western part of Nigeria is considered the startup capital of Africa, in fact many tech entrepreneurs tout it as the Silicon Valley of Africa. Generally, Nigeria…
