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 …
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COPYRIGHT OF DERIVATIVE WORKS IN NIGERIA Isioma Idigbe and Sharon Juwah The flourishing digital landscape prompts a constant evolution of creative expression. Original works inspire remixes, reinterpretations, and new iterations. However, this artistic transformation raises a crucial legal question: where does inspiration end and copyright infringement begin? This article seeks to consider the status of …
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 →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 →The Corporate Affairs Commission (the Commission/CAC) vide the Registrar-General’s office on March 4, 2022, gave a directive that schools, academies and similar institutions of learning should no longer be approved or registered as Business Names because an institution is essentially a body corporate with perpetual succession, capable of contracting and (subject to such restrictions as …
More →The Corporate Affairs Commission (the Commission) on August 31, 2021, released a circular notifying the public that it had commenced the registration of Limited Liability Partnerships (LLPs) and Limited Partnerships (LPs). The Commission therefore deployed the registration interface for LLPs and LPs on the Company Registration Portal (CRP) and advised members of the public to …
More →The Corporate Affairs Commission (the Commission/CAC) vide its publication dated April 16, 2021, granted an extension period for existing companies to issue all of their unissued share capital in compliance with Section 124 of the Companies and Allied Matters Act 2020 (CAMA) latest by 31st December 2022. By Section 868 (Interpretation section) of CAMA 2020, …
More →Authors – Nnamdi Oragwu, Patience Obiagbaoso and Favour Babajamu Introduction Generally, the basis for imposing and collecting personal income tax under the Personal Income Tax Act as amended (PITA) in Nigeria is classified into two viz the residence and source. On this premise, income derived from, received in or brought into Nigeria are chargeable to …
More →In this chapter, Our Senior Partner explains that, though the market is nascent, rescue finance is possible in Nigeria through certain provisions in the Companies and Allied Matters Act 2020 (which introduced CVAs and administration, with implications for post-commencement financing and, therefore, rescue finance), in addition to finance advanced by the Asset Management Company of …
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