Best Practices in Negotiating and Drafting Farm-Out Agreements
On June 1st, 2020, the Department of Petroleum Resources (“DPR”) launched the Marginal Field Bid Round. The Bid Process is expected to last for six months. After selection of the winning Bid, payment of signature bonus, and grant of Presidential Approval, Awardees are required to negotiate a Farm-Out Agreement with Block holders (i.e Oil Mining
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An Analysis of the New SEC Regulations on Cryptocurrency in Nigeria: A New Dawn
Introduction Cryptocurrency is no longer a new concept in the global economy. It is quickly revolutionising the financial sector globally. It is no secret that despite the hitherto uncertain legal and regulatory framework for it, Nigeria’s young vibrant populace has been massively embracing this new and exciting financial technology. The country has undoubtedly been a
Read MoreMemo to The Constitution Review Committee – By Binzak Azeez
Constitution making or amendment process in any democratic polity is aherculean task due to its participatory modality – listening to peopleof different ideas, values and aspirations. A unanimous constitutionalarrangement is unrealistic even in the most homogeneous sovereign state.The integration of everyone’s purview into constitutionalconfiguration is impracticable. Invariably, every multifaceted state would always encounter morecumbersome controversy
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It Is Wrong For Courts To Decide Elections – Jonathan
Former president of Nigeria, Goodluck Jonathan, has said that the outcome of elections must be decided by ballots and not by courts. Jonathan stated this while speaking on The Osasu Show Symposium 2020. According to him, electronic voting is the only way to get to credible elections in Nigeria and the rest of Africa. “For
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THE QUESTIONABLE NATURE OF BOSAN’S ELECTION AUDIT by Ebuka Nwaeze
Everything that is done parallel to and without the concurrence of the National Executive of NBA is a struggle to hijack the leadership from the Constitutionally elected National Officers. This must have been underpinned by lack of confidence in the elected officers! BOSAN has not shown themselves as having accepted the result of the last
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NBA BALKANIZATION: UNCERTAIN TIMES AND OUR COMMON DESTINY by Almustapha Yusuf
The Nigerian Bar Association is facing a moment of crisis and change, a time of strife and despair and an hour of challenges and opportunities. The outcome of the recent National Officers’ Elections and the understandable anger of our colleagues who were not favoured by the result of the Presidential election and the reactions of
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TRANSFER OF FUNDS IN DORMANT BANK ACCOUNTS HELD BY INCORPORATED TRUSTEES: PRACTICABILITY OF THE LAW
Further to an extensive review of the Companies and Allied Matters Act, Chapter 20, Laws of the Federation, 2004 (CAMA), the Companies and Allied Matters Act (Repeal and Re-enactment) Bill, 2018 (CAMA Bill) was sponsored by Senator Abdullahi Yahaya, in a bid to enhance Nigeria’s business environment and bring Nigeria’s corporate law in line with
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2020 Marginal Field Bid Round: Preparation and Submission of Technical & Commercial Bids
On June 1st, the Department of Petroleum Resources flagged off the 2020 Marginal Field Bid Round. The Bid process is expected to last till December 31st 2020. The process commenced with the launch of an online portal and registration of interested Companies. According to Newspaper reports, over 600 companies submitted an expression of interest. By
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The Masterstroke of Olumide Akpata’s Election Reforms Committee – By Raymond Nkannebe
If there were any doubts about Mr. Olumide Akpata’s campaign promise of hitting the ground running from the first day of his administration, they were cleared last Friday, 28th August, 2020 as he took to the rostrum to deliver his inaugural address as the 30th President of the Nigerian Bar Association. By all accounts, it
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The Boy Who Cried Wolf – Inside the Misinterpretations of the CAMA Act 2020
A Rejoinder to “State Theft, Cronyism and Civil Right Violations: Inside the Hidden Horrors of the CAMA 2020 Bill” as featured on NewsWireNGR on 16th of August 2020. BY: Zikora Okwor-Wewan Introduction Imagine you woke up from a bad dream, only to find out that you are in another bad dream and then you wake
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