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The Nigerian Blawg

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Dec 30, 2016

Happy New Year


Dec 29, 2016

Life of a Lagos Lawyer - Episode 6




After a quick briefing with my client, I am about to get in my car when I hear someone calling out “Dlaw, Dlaw” from behind, I turn around and my heart skips a bit, guess who is pacing towards me? Omalichanwa, the Ibo girl that broke my heart in the University. We hug for a few seconds and immediately I get a whiff of her beautiful smell, I am transported to what I would always remember as one of the most beautiful times of my life.

Challenges with taxation system in Nigeria






Introduction
The Nigerian tax system has undergone several reforms geared at enhancing tax collection and administration with minimal enforcement cost. The recent reforms include the introduction of TIN, (unique Taxpayer’s Identification Number), automated tax system that facilitates tracking of tax positions and issues by individual taxpayers, e-payment system which enhances smooth payment procedure and reduces the incidence of tax touts.
The tax authority now has autonomy to assess, collect and record tax.

Dec 26, 2016

Economic Impact of Migration: Benefit or Burden? BY Osiri Ndukwe


Introduction
Migration is a feature of social and economic life across many countries, but the profile of migrant populations varies considerably. In part this is because of the variety of sources of migration. In much of Europe, for example, citizens enjoy extensive rights to free movement. 

Dec 24, 2016

Merry Christmas


Curbing terrorism through Immigration Policies by Osiri Ndukwe



Introduction
Immigration policies aim to facilitate the entry of foreigners whose presence is desired, and to identify and deter the entry of unwanted foreigners. Although immigration policy changes alone cannot prevent terrorism, they are key ingredients in the effort to combat terrorism.

Dec 21, 2016

Rights Of A Tenant In Nigeria By Onyekachi Umah, Esq. ACIArb(Uk)


Just as the human fingers vary, so do human status, situations and endeavours vary. At different times, locations and situations in life you are either a tenant or a landlord or even both. You may be the owner of your residence while you are a tenant in your office complex. They can never be a tenant without a landlord. For more on landlords rights and duties, read my article; RIGHTS OF A LANDLORD. Due to the African undue attachment to land and landed property so much attention and superiority is added to the status of “Landlordship”. This makes up for the ill treatment the so called landlords do met out to their often poor tenants. 

NCC, the Data Price Floor and Competition Law - Stephen Oke


Stephen 'seun Oke
I am sure most, if not all, of us received notifications (be it from our telecoms operators, the press or the grapevine) about a directive of the Nigerian Communications Commission ("NCC") requiring the Telcos to increase their data tariffs to the level of a newly imposed price floor (the “Directive”) . Fortunately, the Nigerian Senate mounted enough pressure on NCC to backtrack. Most of us (myself inclusive) would agree that the Directive was unwelcome, given the prevailing economic clime. However, harsh economic climes apart, the following analysis seeks to:

Dec 19, 2016

Enforcement Of Tax Judgments Outside Nigeria - Osiri Ndukwe




Introduction
In this era of increased international trade and foreign direct investment, enforcement of foreign judgments has become very significant in our legal system. Investors are more comfortable doing business with foreign partners knowing that if they obtain a judgment from a superior court in their home country, it can be enforced against the judgment debtor in another country.

Dec 14, 2016

Suspension of FRCN Code of Corporate Governance: Lessons Learnt - Prince Ikechukwu Nwafuru


Introduction
The Financial Reporting Council of Nigeria (FRCN) recently issued the National Code of Corporate Governance, 2016 (“NCCG”). The three-in-one Code provides for sector-wide Code of corporate governance for Private and Public Sectors as well as Not-for-profit Organizations. According to information on the FRCN website, the Code of Corporate Governance for the Private Sector is mandatory, the Code for the Not-for-profit entities is comply or justify non-compliance while that of the public sector will not be applicable immediately until an executive directive is secured from the Federal Government of Nigeria.

Dec 12, 2016

41 Banned Items: Nigerian Government to Dump CBN’s Forex Policy


Recall that earlier in the year, the Central Bank of Nigeria (“CBN”) banned 41 items from access to the Official Foreign Exchange Market. The items include the following:

Dec 10, 2016

Happy Human Rights Day - Dec 10


Do you support Human Rights?



Since we launched #YALIStands4All, more than 5,000 leaders -- people like you -- have pledged to stand up for human rights in their communities: to support the basic rights and freedoms to which all humans are entitled, regardless of their nationality, gender, ethnic origin, sexuality, color, physical ability, religion, language, and/or economic status.

Event - 5th Annual Young Lawyers Forum (YLF) Workshop holds 14/12/16.


Dec 8, 2016

Nigerians and the MMM Craze by Ahmed Olaitan Banu






 “Mystery creates wonder and wonder is the basis of man’s desire to understand”….Neil Amstrong 

Certain events occur in life that we find quite difficult to wrap our minds and thoughts around. It took me a while to make up my mind on the need for this write up. Why? Because I just can’t seem to understand what is going on - I see irrationality every everywhere. 

Anti-Dollarization Policy: Managing Reality – Issues And Discontents




*This article, co- written with Chuks Okoriekwe, was featured in the Legal Insight column of BDLaw (Legal Section of the influential daily, BusinessDay) of 08 December 2016.

INTRODUCTION 

The Central Bank of Nigeria (CBN) in its effort to starve off the pressure on the Nigerian currency had drawn the attention of the public to its Currency Substitution and Dollarization of the Nigerian Currency Circular issued on 17th day April 2015 (the Circular). The Circular essentially leveraged existing legislative provisions to reiterate the bar against denomination and pricing of local (visible and invisible) transactions in any foreign currency.

Ivie Omoregie: On Becoming – Did Someone Say ‘Defamation’?




I am sure we are all aware of recent social media happenings involving the release of a certain book….

On Sunday 27th November 2016, Nigerian On Air Personality, Toke Makinwa broke the internet with the release of the much anticipated “Must Tell” book, titled “On Becoming”. The book details several events which have occurred in her personal life and which have been instrumental in making her the woman she is today. Although touching on several life changing incidences, including the loss of her parents at the tender age of 8, the book also recounts, in detail, events which might have led to the breakdown of Toke’s marriage to her estranged husband Maje Ayida.

Dec 2, 2016

Life of a Lagos Lawyer - Episode 5 (Court Room)




It’s 9:00am and we are seated in court. My client who wanted to pay me with yam and bush-meat is in the gallery. Members of his Workers Union have been trooping in to give him support; and about 18 of them are still on their way in the Union Bus. Opposing counsel, representing the Defense, is also in court, in a few minutes now, His Lordship will emerge from chambers.

Why we need competition laws in Nigeria





According to the Black’s Law Dictionary, 8th edition, Competition is the struggle for commercial advantage; the effort or action of two or more commercial interests to obtain the same business from third parties. Whish and Bailey describe Competition as a struggle or contention for superiority, and in the commercial world this means a striving for the custom and business of the people in the market place[i]

Personality Profile - Dapo Olanipekun SAN




Dapo Olanipekun SAN was elevated to the rank of Senior Advocate of Nigeria (SAN) in July, 2015, being the youngest person ever to be conferred with the rank since inception. Dapo studied his LLB at the University of Lagos and proceeded to Queen Mary University where he bagged his LLM and PhD respectively.