Contempt: Court convicts First Bank chairman, MD over N122bn Ogoni judgment compensation

Contempt: Court convicts First Bank chairman, MD over N122bn Ogoni judgment compensation

Justice Ibrahim Buba of the Federal High Court, Lagos, yesterday convicted First Bank Plc, its chairperson, Ms Ibukun Awolaja, and the managing director, Dr. Adesola Adeduntan, over their refusal to honour the payment of N122 billion bond guaranteed by the bank. The conviction of the trio was as a result of the N122 billion judgement debt against Shell Petroleum Development Company (SPDC) in an oil spill suit filed by Ejama community in Ogoniland, Rivers State.

Court Declares Gomez Beneficiary of T A Doherty’s Estate

Court Declares Gomez Beneficiary of T A Doherty’s Estate

Justice C. A. Balogun of the Lagos High Court has declared Lagos-based nonagenarian lawyer, Pa Tunji Gomez, as a full beneficiary of the Estate of Chief T.A. Doherty. In a separate, but related matter, Justice Wasiu Animahun of the same court also entered judgment in Gomez’s favour in a N5.3million lawsuit.

Suspended SEC DG, Gwarzo Challenges Suspension in Court

Suspended SEC DG, Gwarzo Challenges Suspension in Court

The suspended Director-General of Nigerian Securities and Exchange Commission (SEC), Mounir Gwarzo, on Monday filed a suit before the National Industrial Court, Abuja, challenging his suspension by the Minister of Finance. Mr Gwarzo, who was suspended from office in November over alleged financial misappropriation, is seeking the court to determine some issues pertaining to the minister’s action.

A Review of the Regulation and Taxation of the Gaming Industry in Nigeria (A Comparative Study) 2 By Oshobugie Irumekhai And Oluwatobiloba  Adesemowo

A Review of the Regulation and Taxation of the Gaming Industry in Nigeria (A Comparative Study) 2 By Oshobugie Irumekhai And Oluwatobiloba Adesemowo

Governmental policy worldwide is what determines whether gaming activities are taxable or not. There is an absence of taxes in respect of gaming activities in jurisdictions where gaming has not been legalized. In other jurisdictions where gaming is legal, taxes are usually imposed on the income derived from gaming activities although this is not always the case as some jurisdictions like the United Kingdom have abolished taxes dealing with gaming activities.

NBA-SBL Seeks Collaboration with SEC Nigeria

NBA-SBL Seeks Collaboration with SEC Nigeria

The Nigeria Bar Association (NBA) is seeking collaboration with the Securities and Exchange Commission (SEC) in the Commission’s efforts to deepen the capital market. Chair NBA Section on Business Law (SBL) Mr. Olumide Akpata, made the call when members of the NBA-SBL visited the SEC office in Abuja

A Responsible Government Cannot Dismiss Reports Of Horrendous Crimes Against Its Own Citizens Without Investigation – Access to Justice  

A Responsible Government Cannot Dismiss Reports Of Horrendous Crimes Against Its Own Citizens Without Investigation – Access to Justice  

Amnesty International has just published a report titled: ‘THEY BETRAYED US’ WOMEN WHO SURVIVED BOKO HARAM RAPED, STARVED AND DETAINED IN NIGERIA”. The report alleges that the Nigerian military “has carried out systematic patterns of violence and abuse against this population, including war crimes and possible crimes against humanity”.

A Review of the Regulation and Taxation of the Gaming Industry in Nigeria (A Comparative Study) By  Oshobugie Irumekhai & Oluwatobiloba Adesemowo

A Review of the Regulation and Taxation of the Gaming Industry in Nigeria (A Comparative Study) By  Oshobugie Irumekhai & Oluwatobiloba Adesemowo

The gaming industry in Nigeria is one with enormous potential for revenue generation. However, the prospect of realizing this potential is seriously hindered by the lopsided policies of regulation and taxation in the industry. This study attempts to critically examine the current state of the industry by reviewing the regulatory framework for gaming in Nigeria as well as highlighting the applicable taxes in that industry and juxtaposing with what obtains in advanced jurisdictions.

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