The Nigeria Customs Service Act, 2023 establishes the Nigeria Customs Service outlining its functions and powers, which include the administration, management and enforcement of the provisions of the Act and other customs and excise laws, the administration of trade and fiscal policies of the Government as it relates to this Act, promotion of trade facilitation in line with international conventions and agreements relating to customs administration, prevention of smuggling, customs fraud and other violations under this Act, collection and accounting for revenue from customs duties, excise duties, charges, fees and special assessments as may be assigned by the Government, carrying out all border enforcement and regulatory activities required by law in collaboration with relevant agencies, etc.
According to the Companies and Allied Matters Act (CAMA) 2020, no partnership consisting of more than 20 persons shall be formed to carry on any business for profit or gain.
Implementing robust know your customer (KYC) procedures is vital for preventing criminal activities, including but not limited to money laundering, fraud, theft, and other unlawful acts.
Collecting societies in Nigeria play a crucial role in the administration of copyright by acting as intermediaries between right holders (creators) and users of copyrighted works. Infringement on copyright works has been on the increase in Nigeria, particularly literary, musical and artistic works such as books, music, film piracy etc.
The doctrine of frustration of contract was described in the case of Diamond Bank Ltd V. Ugochukwu (2008) LPELR-8093 (CA) where the Court said “Frustration would occur where it is established to the satisfaction of the Court that due to a subsequent change in circumstances which was clearly not in the contemplation of the parties, the contract has become impossible to perform.
Prospective adoptive parents have to go through several hurdles before they can properly adopt a child into their family. Through this, rights and liabilities arise for all parties involved and this process can stretch to even after the adoption is completed. Due to these delicate but complex intricacies, adoption as a concept must be understood, the process and challenges analyzed and ways to overcome the challenges discussed.
The focus of consumer protection in e-commerce should shift from debating the necessity of information disclosure to enhancing its effectiveness, and regulations should not only mandate the provision of relevant information but also ensure it is presented in a clear, attractive, and comprehensible manner.
Neurodiversity is still a concept that within the Nigerian legal parlance is in its embryonic stage. Personally, when the word comes to mind, a question I ask is divergent from what? And the response will be the ‘normal’ or what the movement has tagged as neurotypical.
Loan-to-Deposit Ratio (LDR) is a financial measure that evaluates the liquidity position of a bank. It is computed as a percentage by dividing total loans with total deposits at the given period
