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Oct 27, 2012

TAX OBLIGATIONS AND RESPONSIBILITIES OF LEGAL PRACTITIONERS

TAX OBLIGATIONS AND RESPONSIBILITIES OF LEGAL PRACTITIONERS
by
SANMI ABIODUN  
Obligations in the legal sphere towards tax are in varying capacities; individuals and corporate entities (law firms). The duty of a legal practitioner to tax payments can initially be captured by his role as a Nigerian citizen, hence, Section 24(f) of the Constitution of the Federal Republic of Nigeria, 1999. Section 41(3) of the Personal Income Tax Act, 1993 confers a more specific duty on all legal practitioners to file the returns of their income and claims for reliefs and allowances relating to the preceding year within 90 days from the beginning of every year. He is to obtain and complete the required forms from the govt. designated banks and make payment in line with the minimum tax payable for his category.

Oct 23, 2012

NIGERIA TERRORISM PREVENTION ACT 2011

Introduction – Terrorism (Prevention) Act, 2011
Terrorism has continued to threaten global peace and prosperity. To address this criminal activity, governments all over the world, including the Nigerian government, have passed into law various legislation making terrorism very serious global criminal offences.
In Nigeria, the legislation that proscribes all manner of terrorist activity is the Terrorism (Prevention) Act, 2011.
What is Terrorism?

Oct 18, 2012

RIGHTS & DUTIES OF TENANTS IN LAGOS STATE

In Lagos State, the law that applies to tenancy matters is the Tenancy Law of Lagos State 2011 though it doesn't apply to every part of Lagos, areas such as Apapa; Ikeja G.R.A; Ikoyi; and Victoria Island are exempted from the law. Also, residential premises operated by educational institutes for their staff and students; residential premises provided for emergency shelters and residential premises providing rehabilitative or therapeutic treatment are exempted from the Law as well.  
The introduction of the Law by Governor Fashola won the heart of Lagosians because it prohibited property owners from collecting more than a year's rent from tenants, it also prohibits the tenant from offering and if either party are found culpable of such act they shall be liable to 3 months imprisonment or a fine of N100,000. 00.

Oct 15, 2012

BASICS TO FORMING A COMPANY


Due to the lack of jobs in the Nigerian labour market, enterprenuership seems to be the solution to wealth building and financial stability. Not only are many young Nigerians becoming CEOs but they are also doing a fine job of it with young companies springing up daily in their hundreds.  There is no gain saying that these generation of companies will carve a niche for their brands in the Nigerian economy, you could be part of them to, but first of all, you need to own a company.

  This article aims to inform every would be Nigerian enterprenuer of the legal requirements  needed to form a company. It is a general rule that 2 or more persons may come together to form a company for the purpose of profit making and that every company must be formed in the manner set out in the Companies and Allied Matters Act

INCESSANT LEAKS: MEDIA FREEDOM AND NIGERIA’S ENTERTAINMENT INDUSTRY

Listen to the leaked conversation on this Link ; http://www.tayotv.net/2012/10/audio-mavins-drsid-x-wande-coal-argue.html?m=1  
The Media and Entertainment Law as a substratum of Law practice is considered undeveloped or non-existent in major quarters, how far from the truth can those who subscribe to that notion be?, Nigeria remains a Nation with innumerable  legislations, perhaps we are only deficient at enforcing same.
Media and Entertainment Law practice is immediate, racy, fast-moving and liable to change at a moment's notice, and only a handful of lawyers have

Oct 12, 2012

HOW TO PURCHASE LAND

A friend once came to me with the problem of having been swindled by dubious land sellers and he lost quite a huge sum of money. I also know that a lot people fall prey to this schemes daily. It is no longer news that the lagos metropolis is filled with various independent agents usually called "omo onile" meaning "children of the land"who parade themselves as rightful owners of property to unsuspecting purchasers.
This article is a brief summary of what every land buyer should know when contracting in landed properties.   When a purchaser intends to buy land or

Oct 11, 2012

WILLS, TESTATORS AND PROBATE COURT

Many Nigerians have a misconceived impression about making Wills. When asked if he/she has a will, their ready response is usually "do you wish me dead, why do i need a will?". Such statements are actually proof of ignorance, as preparing a will does not in any way add or remove a day from anyone's life. Others however have many questions about wills and their validity usually because they may currently be beneficiaries in a will or are contesting the provisions of a will in court. This article aims to shed more light on Wills in general.
A WILL simply helps a person to determine what happens to his properties after his death; it also helps him to give any instructions he may wish to be carried out if he is no longer alive.

Oct 8, 2012

NSCDC: DUTIES OF THE CIVIL DEFENCE CORPS

The Nigeria Security and Civil Defence Corps was first introduced in May 1967 during the Nigerian Civil War within the then Federal Capital Territory of Lagos for the purpose of sensitization and protection of the civil populace. It was then known as Lagos Civil Defence Committee.
On inception, the Corps had the objective of carrying out some educational and enlightenment campaigns in and around the Federal Capital of Lagos to sensitize members of the civil populace on enemy attacks and how to save themselves from danger as most Nigerians living in and around Lagos territory then had little or no knowledge about war and its implications.

Oct 5, 2012

CONSTITUTIONAL RIGHT OF FAIR HEARING

It is common for people to judge without knowing the particlular facts of a matter. If a public officer were to be accused of fraud and financial misappropriation or a thief accused of stealing in the market, tongues would wag non stop condemning and calling the accused persons all sorts of names and basically crucifying them. Even though that person may just have been innocent. I am glad our legal system does not operate that way.
When a person is arrested and accused of a crime, he must be promptly charged and brought before a court. The constitution guarantees an accused person a free and fair trial as provided for in Section 36 of the 1999 Constitution.