A significant distinction between actions in rem and in personam lies in their enforceability. In an action in personam, judgments can be enforced against the assets of the defendant, irrespective of the nature of the claim.
The right to freedom of association is a cornerstone of labour rights in Nigeria, enshrined in various legal frameworks including the Trade Union Act.
Conversely, a floating debenture functions as an equitable charge over the entirety or a designated portion of the project or assets, such as cash and the company’s uncalled capital, both now and in the future….
The Nigerian Maritime Sector, no doubt, contributes significantly to the nation’s economy. Recognising the significance of the sector, the Federal government in 2023 established the Ministry of Marine and Blue Economy. The importance of the sector also underscores the need for a detailed examination of admiralty jurisdiction and in which court it is vested as well as some intricacies surrounding same in the nation’s legal framework.
Project finance and infrastructure private equity investments serve as viable means for private investors to engage in electricity generation and distribution in Nigeria under the relevant statutes, aiming to address challenges within the Nigerian Electricity supply industry
Debentures, serve as contractual obligations between creditors and the company, and often include a charge on the company’s assets, akin to a mortgage transaction.
The Land Use Act, LFN, 2004, contains a provision that grants the Federal and State Government ownership of lands. These lands are to be overseen and administered by the Ministry responsible for lands and land-related matters, or any other authority appointed by the Governor for this specific purpose, on behalf of the Federal Government.
Minority Shareholder Protection, Oppression Remedy, Corporate governance, Equitable Incomes, Investors’ rights and Shareholders’ Interests
Lomé Charter aims for a secure African maritime future but faces hurdles. Challenges include a non-binding nature, unclear provisions, and capacity gaps. Solutions involve strengthening legal force, boosting clarity, and addressing resource constraints.
This article focuses on the laws regulating or rather, criminalising the cultivation and processing of Cannabis in Nigeria. It interrogates Nigeria’s legislative growth regarding drugs, particularly Cannabis, and questions whether there is need for a change in the way we approach the topic. It ends by highlighting the costs of these laws, considering the human capital and potential economic activities involved.