Nigeria has risen rapidly to become the leading destination for Foreign Direct Investments (FDI) in Africa. As at 2012, FDI in Nigeria stood at about $8 billion, which represented about 15% of the total FDI received in Africa; this also amounts to about 25% of the country’s GDP as it utilizes the myriad of available natural resources to woo investors from different parts of the world. In the first quarter of 2018, FDI in Nigeria increased by 808.56 USD Million, with an average of 1298.48 USD Million from 2007 to 2018.
Unfairly Prejudicial and Oppressive Conduct: Protecting Majority Shareholders by Aaron Olajide & Sieneofori Ubani
Majority shareholders can petition under s.311 of the Act, where the affairs of the company are being conducted in an illegal or unfairly oppressive or prejudicial manner.
In our growing days, the sight of police at your doorstep and/or any of the neighbourhood is abraded with palpable fears and suspicion, no one likes it when it seems you have been indicted or alleged of any infraction or dishonorable act.
Mr. Steve Nwakwo has replied Lagos based legal practitioner Mr Sylvester Udemezue raised concerning the high level of pass rate recorded in the just-released bar finals result. Steve in his response made available stated that he will not be pressing further on the issue due to the fact that he has retired from activism.
I’m calling on the General-Secretary of the Nigerian Bar Association (Jonathan Gunu Taidi) to write to the CLE-NLS, requesting them to furnish the Bar forthwith, with some clarifications vis-à-vis the recently released results.
161 First Class & Mr. Steve Sun’s Vituperative Requisitions On Nigerian Bar Association Against The CLE: A Riposte (A letter to Steve Sun, by Sylvester Udemezue)
Law and Society Forum (LSF) is a popular WhatsApp Platform comprising a group of very senior and junior Nigerian lawyers (resident within and outside Nigeria) committed to discussions on how best to deploy law as an instrument of social change for the overall progress of Nigeria and Nigerians. On 20 October 2018, at about 10.00pm, from the comfort of my study, I read on LSF, a piece of commentary, marked “without prejudice,
Limitation Of Action: Lost Time Might Not Be Gone Forever – An Analysis Of The Decision In Sifax Nig Ltd V Migfo Nig Ltd By Onyemauche Ibezim
In the first section of this work, the author explains the meaning of an action vis-à-vis a cause of action and how the Court determines a reasonable cause of action which includes amongst others the documents which the Court looks at to determine whether a Plaintiff has a reasonable cause of action and the consequences of commencing an action without reasonable cause of action.
Third party ownership of players is whereby private investors, it can be an individual, company, or fund, own part of a player’s economic rights. It is also the agreement between a club and a third party, normally an investment fund, whereby the investor acquires, for a fee, a percentage of the future fee related to the transfer of a player between two clubs. TPO can also mean a situation whereby a third party, rather than a football club, benefits
The average Nigerian is a wary human. There abides an inherent distrust in any venture that involves parting with any form of capital, much less, taxes. To the average Nigerian, the government breaks things – promises, their hearts and the social contract, there is no direct benefit of paying taxes and the unrelenting way that taxes are perpetually demanded and extracted from their friends who are in the tax net is absolutely frightful and unenviable.
The unbundling of PHCN in 2013 was a pragmatic move by the Federal Government to draw foreign investors. It was also aimed at improving the availability and quality of electricity. The transition toward the viability of the power sector has, however, been fraught with challenges.