The formalization of Group of Company. One of the restricted words or phrase requiring consent before its use, under the Companies and Allied Matters Act is the use of the word “Group” or “Group of Companies” except and until the requisite consent has been sought obtained from the Registrar General of the Corporate Affairs Commission. … Continue reading HOW TO REGISTER GROUP OF COMPANIES, HOLDING COMPANIES & CONSORTIUM OF COMPANIES IN NIGERIA.
By Stanley Alieke, Esq. There have been numerous cases recently in Nigeria where persons become victims of losing their private videos and pictures to cyber criminals and the private contents getting leaked in the internet space without their approval or consent and it now seem that the order of the day is sextortion ie, obtaining … Continue reading The legal angle to the Tiwa Savage’s sex tape scandal
INTRODUCTION Money Lending is regulated by various laws existing in the individual states where the business operates from. The Money lending business is regulated by the MONEY LENDERS’ LAWS OF LAGOS STATE, THE MONEY LENDERS’ ACT, CAP 525 LAWS OF FCT VOL 3 2007 in Lagos and Abuja respectively. PROCEDURE FOR OBTAINING THE MONEY LENDER … Continue reading HOW TO OBTAIN MONEY LENDERS LICENCE IN LAGOS, ABUJA AND DELTA STATE
The incorporation of Limited Liability Partnerships (LLP) and Limited Partnerships (LP) have been provided for under the recent enactment of the Companies and Allied Matters Act, 2020 (“CAMA 2020” or “the Act”). A crucial difference between LLPs and LPs can be seen in the description of the former under Section 746 (1) of the CAMA … Continue reading THE DISTINCT FEATURES OF A LIMITED LIABILITY PARTNERSHIP AND A LIMITED PARTNERSHIP UNDER THE CAMA, 2020
INTRODUCTION Time and again, due to a general lack of knowledge of the real estate industry, Nigerians and foreigners alike, either get defrauded investing their income in the wrong markets or express hesitancy in investing, as a result of the legal regime and relative opaqueness in the industry, this doesn’t have to be the case. … Continue reading REAL ESTATE INVESTMENT IN NIGERIA; THE NITTY GRITTY.