Nominee Directors in Nigeria: What should I know for free? Written by: Tobenna Nnamani Partner, PUNUKA Attorneys & Solicitors Lagos, Nigeria t.nnamani@punuka.com www.punuka.com Introduction The concept of a “nominee director” is not strange to Nigeria but it is also not expressly provided in the principal legislation regulating the affairs of a company in Nigeria i.e. …
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As Lawyers, We Cannot solely rely on AI! Sharon Juwah, MBA (AI and Automation) Key words: Artificial intelligence; AI Bias ; Emotional Intelligence It is no news that we are in the age of rapid technological advancement, and artificial intelligence (AI) has become deeply integrated into various aspects of our lives, promising efficiency, accuracy, and …
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 →[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 →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 →The World Bank has estimated that micro, small and medium sized enterprises (MSMEs) represent over 95% of enterprises and account for more than 60% of employment worldwide. With limitations regarding their ability to self-protect against insolvency risk, their susceptibility to systemic demand and supply shocks, their limited capital reserves and their level of debt overhang, …
More →REGULATORY UPDATE: THE NIGERIA DATA PROTECTION BUREAU (NDPB) COMPLIANCE NOTICE FOR THE NATIONAL DATA PROTECTION ADEQUACY PROGRAMME (NADPAP) WHITELIST The Nigeria Data Protection Bureau (NDPB) was established to enforce the Nigeria Data Protection Regulation 2019 (NDPR), a duty previously carried out by the Nigeria Information Technology Advancement Agency (NITDA). In line with this duty, the …
More →GET TO KNOW: 2022 REVISED HANDBOOK ON EXPATRIATE QUOTA ADMINISTRATION The Ministry of Interior (MOI) is the Federal Ministry responsible for issuing Business Permits and Expatriate Quota positions. The handbook on expatriate quota administration imposes guidelines for foreign participation in businesses established in Nigeria. A revised handbook (‘’The Revised Handbook’’) has beenpublished by the MOI. …
More →Introduction The Nigeria Start-up Act project is a joint initiative by Nigeria’s tech start-up ecosystem and the Presidency to harness the potential of our digital economy through co-created regulations. The Act ensures that Nigeria’s laws and regulations are clear, planned and work for the tech ecosystem with the aim of enabling environment for growth, attraction, …
More →Authors: Nnamdi Oragwu, Sandra Ifejika and Sharon Juwah INTRODUCTION The Universal Declaration of Human Rights (1948) recognizes the dignity, privacy, equality and inalienability of every human. It is on this concept of fundamental human right that the notion of patients’ right is formed. This is generally referred to as Rights to Confidentiality.[1] Right of Confidentiality …
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