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I extend my appreciation to the Chairman and Executive Secretary of the Law Reform Commission for the opportunity given me to participate and speak at this Stakeholders Meeting on the Pawnbrokers Bill 2021.  My duty here is not to appraise or review the Bill, but to offer my insights into the service provided by pawnbroking...
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khene
Introduction When a loved one passes away, their estate—consisting of their assets, liabilities, and personal effects—doesn’t automatically transfer to family members or beneficiaries. In Lagos State, as in many jurisdictions, specific legal procedures must be followed to ensure that the estate is properly managed and distributed according to the deceased’s wishes (if there’s a will)...
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OVERVIEW OF THE NEW CENTRAL BANK OF NIGERIA’S POLICY FOR BANKS’ CAPITAL BASE
On March 28, 2024, the Central Bank of Nigeria released a Review of Minimum Capital Requirements for Commercial, Merchant, and Non-Interest Banks in Nigeria. The Banking Sector Recapitalization Programme 2024 mandated by the Central Bank of Nigeria (CBN), mandates Banks to boost their minimum paid-in common equity capital to a designated threshold based on their...
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INTRODUCTION Nigeria is a Country with an estimated population of about 174,000,000 (One Hundred and Seventy Four Million) people, (2013, Nigerian Bureau of Statistics) and operates a presidential system of Government. There are 36 (Thirty-Six) States, 774 (Seven Hundred and Seventy-Four) Local Government and the Federal Capital Territory. The legal system is largely a hold-over...
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DATA PRIVACY AND PROTECTION IN NIGERIA – By Chioma Chijioke and Stephanie Maduabum   INTRODUCTION The significant value of data in today’s world cannot be overemphasized. Most organisations including tech companies such as Google, Facebook and Apple require and use data provided by subscribers to improve their operations. Therefore subscribers are required to grant data...
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