Can the Independent Corrupt Practices and Other Related Offences Commission (ICPC) Place Restrictions on the Bank Account of a Suspect without Obtaining a Court Order? Introduction: The right of persons – corporate and individual – to own properties and the concomitant protection of the property right of persons under our laws have never been in …
More →The Administrative Penalties under the sections 18 and 19 of the Finance Act 2023 – Wherein lies the Constitutional Basis? Author: Ifeanyi Ujah, Associate, PUNUKA Attorneys & Solicitors Introduction: The recent Finance Act 2023 (FA3)[1] ushered in numerous fiscal changes in Nigeria. Just like previous Finance Acts, the FA3 amended several legislations.[2] In particular, sections …
More →Written by: Tobenna Nnamani Partner, PUNUKA Attorneys & Solicitors Lagos, Nigeria t.nnamani@punuka.com www.punuka.com Introduction Nigeria, officially the Federal Republic of Nigeria is the most populous country in Africa and often referred to as the “giant” of Africa. She gained her independence from the United Kingdom on October …
More →[1] Cynthia Ekeka, Hussein Adebanwo, Associates, Punuka Attorney and Solicitors OUTLINE Background Story President Tinubu Asiwaju on his inauguration day, May 29, 2023, declared the removal of fuel subsidy. This saw the outrageous hike in price of petrol the following day, which prompted NLC on June 2, 2023, to issue a five-day ultimatum to the …
More →Authors: Ifeanyi Ujah– Associate, Punuka Attorneys & Solicitors Rosemary Nne Bernard– Associate, Punuka Attorneys & Solicitors Introduction: The fiscal measures by the administration of the Former President Muhammed Buhari culminated in the New Finance Act 2023, which was enacted by the National Assembly and Assented by the President on the 28th of May 2023; just …
More →Written by: Tobenna Nnamani Partner, PUNUKA Attorneys & Solicitors Lagos, Nigeria t.nnamani@punuka.com www.punuka.com Introduction The challenges of operating in the Mining sector in Nigeria range from insecurity, poor data gathering, infrastructural deficiency etc. In addition to these challenges, it is not unusual to read about disputes between companies and host communities …
More →Eric Otojahi – Partner and Lead, Energy & Power Practice Group, PUNUKA Attorneys & Solicitors. Nnamdi Ben-Igwenyi – Deputy Lead, Energy & Power Practice Group, PUNUKA Attorneys & Solicitors. 1. Introduction The Nigerian Constitution always allowed component States in the country the authority to generate, transmit and distribute electricity within their territory. However, that authority …
More →SAFE Finance in Nigeria Written by: Tobenna Nnamani Partner, PUNUKA Attorneys & Solicitors Lagos, Nigeria t.nnamani@punuka.com www.punuka.com Introduction According to the African Venture Capital Activity Report 2022, seed stage deals continually comprise the largest proportion of venture capital volume in Africa. When categorized from sector specific level, …
More →OPEN BANKING REGULATIONS OF THE CENTRAL BANK OF NIGERIA AND THE OUTLOOK FOR THE FINTECH INDUSTRY IN NIGERIA Open banking is a term that refers to the practice of allowing third-party financial service providers to access customer data and transaction history held by banks and other financial institutions. This concept has gained popularity in recent …
More →Authors: Tobenna Nnamani[1] INTRODUCTION: The challenges associated with obtaining debt finance for a Mining Company in Nigeria is enormous. This is reasonably so because the challenges of the sector have over the years developed the expertise to drain the appetite of the local Banks. The challenges have also able to …
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