Constitutional Amendment On The First Session And Inauguration Of Members-Elect Of The National And State House Of Assembly
Introduction Recently, the wind of amendment which greeted the Constitution of the Federal Republic of Nigeria, 1999 was received with pageantry and aplomb. The news broke when most media outlets in the country reported that President Muhammadu Buhari had assented to sixteen (16) Constitution Alteration Bills presented to him by the National House of Assembly.[1] …
THE WANING POPULARITY OF DIPLOMATIC PROTECTION IN RESOLVING INTERNATIONAL INVESTMENT DISPUTES
INTRODUCTION In a bid to impact the local economy of a State, most developed and developing countries strive to attract foreign direct investment (“FDI”) with a view to bringing new opportunities for education, technology, and culture. Investors leverage this by establishing local companies (which may most times require acquisition of properties) and carrying on businesses …
An Appraisal of Defence of Sovereign Immunity In The Enforcement of Foreign Arbitral Awards
Introduction As the global landscape evolves and international trade flourishes, arbitration has emerged as a preferred mechanism for resolving international commercial disputes, providing parties a neutral forum and a streamlined process. Some international economic activities engage active participation of sovereign States in partnership with private investors. In some economic arrangements, sovereign states offer consent to …
A GUIDE TO ADOPTING CORPORATE GOVERNANCE FOR STARTUP
Introduction Corporate governance is a system that an organization puts in place to ensure its efficiency and sustainability. This system includes the rules, principles, ethics, and measures required to ensure compliance with regulatory and standard practice. Most jurisdictions have established standard corporate governance practices for public companies, emanating from an understanding of the need for …
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OVERVIEW OF CENTRAL BANK’S CIRCULAR ON OPERATIONAL GUIDELINES OF GLOBAL STANDING INSTRUCTION (GSI) FOR INDIVIDUAL
INTRODUCTION In 2019, the Central Bank of Nigeria issued a directive mandating banks to increase their loan portfolios. This was further to the Monetary Policy Committee (MPC) meeting held on 19th and 20th of September 2019 where members lamented the significantly low credit to the private sector relative to the absorptive capacity of the economy …
LEGAL MECHANISM FOR INVESTOR PROTECTION IN PRIVATE EQUITY TRANSACTIONS IN NIGERIA
INTRODUCTION According to the African Private Equity and Venture Capital Association, 73 percent of the total value of private equity deals in West Africa between the years 2013 to 2018 were recorded in Nigeria. This trend continued into 2019 and 2020 with a high volume of deals recorded in the financial services, information technology and …
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LEGAL AUDIT AS A CRUCIAL RESPONSE TO THE LEGAL AND FINANCIAL UNCERTAINTIES FACED BY ORGANISATIONS IN THE 21st CENTURY
If we are left intact, we would try to fix the department to what it ought to be –effective, efficient and responsive to the public. I see myself as part of the solution. This audit is something we requested. Helen White INTRODUCTION The term legal audit may sound unfamiliar in the Nigerian businesses due to …
GUIDELINES FOR HOLDING VIRTUAL CORPORATE MEETINGS
INTRODUCTION Company meetings are key to the decision-making process of a company. Management, Board, Committee(s) and General Meetings are avenues through which a company deliberates and makes decisions bordering on its management, control and administration. Thus, it is imperative that these meetings are convened in line with the protocols and procedures stipulated in the relevant …
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CROWDFUNDING IN NIGERIA – A REVIEW OF THE SECURITIES AND EXCHANGE COMMISSION PROPOSED RULES
INTRODUCTION Crowdfunding, also known as “online financing,” is defined as raising funds to finance a project or business from the public using an online platform.[1]A crowdfunding platform could be a website portal, intermediary portal, mobile application, or other similar medium of exchange employed to facilitate interaction between fundraisers and the investing public.[2]The concept of crowdfunding …
CORPORATE GOVERNANCE AND INVESTOR CONFIDENCE IN NIGERIA
INTRODUCTION The potential of an economy to attract investment depends largely on the state of governance of the economy and the policy thrusts of the managers of the economy. The primary duty of the managers of an economy is to use and maximize the limited resources of the economy efficiently to achieve the objectives of …
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