KNOW THE LAW

Introduction i Ownership of real estate The Constitution grants Nigerian citizens the right to acquire and own property, anywhere in Nigeria.2 The Land Use Act3 vests all of the land in each of Nigeria's 36 states in the governor of the state 'for the use and…

Special Control Unit Against Money Laundering (SCUML) is charged with the responsibility of monitoring, supervising, and regulating the activities of Designated Non-Financial Institutions (DNFIs) in line with the Money Laundering (Prohibition) Act ML(P)Act 2011 and the Prevention of Terrorism Act (PTA) 2011.…

Individuals are declared bankrupt while corporate bodies are insolvent in the event of the corporate bodies’ inability to meet their total liability. A corporation may also be wound up if it is unable to pay its debt. The concepts of Bankruptcy and…

Where for whatever reason, parties in a marriage terminate their marriage, what becomes of the children and property of such marriage? Even where there is no termination, there are circumstances, where a wife may need the sole or shared custody of the children…

Income tax is a fundamental aspect of any country’s economic landscape, playing a crucial role in revenue generation for the government. In Nigeria, the complexities of the taxes can be daunting, but a clear understanding is essential for individuals and businesses alike.…

Around the Globe, the construction of buildings is well regulated through building regulations and controls put in place to secure health, safety and aesthetic and town planning goals. Whilst the building regulations would normally set out to establish the legal requirements and…

On Tuesday 12th Of June 2023, President Bola Ahmed Tinubu assented to the passage of the Nigeria Data Protection Bill into law. The draft Data Protection Bill was introduced by the National Data Protection Bureau (“NDPB”) on the 4th of October 2022 and was approved…

A limited liability company is a body corporate or an incorporated business organization registered under the Companies Act. It is a legal entity, which means the business is separate from its owners. All companies, whether a private company limited by shares, a private…

Limited Liability Partnership is one of the new innovations among others of the new CAMA 2020. A limited liability partnership is a body corporate formed and incorporated under the Companies and Allied Matters Act and is a legal entity separate from the…

An Non Governmental Organisation (NGO) is non-profit making body, association of people, or organization that functions independent of the government. In Nigeria, NGOs can be registered as an incorporated trustee under part F of the Companies and Allied Matters Act (CAMA) 2020.…