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Neo-Colonial Influences and Corporate Governance Emergence A Case for Corporate Governance Divergence
0₦2,500.00Joy Debski, in her article, Neo-Colonial Influences and Corporate Governance Emergence: A Case for Corporate Governance Divergence, critiques neo-colonial corporate influences on Nigeria’s governance frameworks, questions governance convergence, and advocates for divergence to improve accountability through context-specific models. Using a comparative doctrinal research methodology, Debski analyzes corporate governance structures in the United Kingdom and Nigeria, relying on statutes, regulatory codes, corporate reports, and other secondary sources. The findings of this research reveal that while the United Kingdom’s principle-based “comply-or explain” model functions within its robust institutional environment, it is often unsuitable for Nigeria, where regulatory enforcement is weak, ownership structures are concentrated, and political interference persists. Nigeria’s governance challenges stem from regulatory inefficiency and executive dominance. The study is limited by its reliance on secondary data and focus on selected jurisdictions. Debski, however, offers a foundation for broader empirical research. Debski argues that governance divergence, grounded in local realities, is essential for effective corporate governance in Nigeria. The findings provide policymakers with a framework for balancing global best practices with localized accountability mechanisms.
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Innovatively Finding Financing For Nigeria’s Energy Projects and Hostilities
0₦2,500.00Samuel Dunmade, in his article, Innovatively Finding Financing For Nigeria’s Energy Projects and Hostilities, interrogates how energy projects in Nigeria can be financed within persistently hostile economic, regulatory, and socio-political conditions. Rather than rehearsing conventional project finance doctrine, it adopts a context-sensitive legal and financial analysis that evaluates both traditional and non-traditional financing instruments through their capacity to withstand structural risk. It proceeds from the premise that conventional financing models, when transposed uncritically, are ill-suited to environments characterised by regulatory uncertainty, macroeconomic volatility, and security risks, and advances the argument that bankability in Nigeria’s energy sector depends less on capital availability than on the legal engineering of financing structures that reallocate risk, protect cash flows, and align with global capital trends. By examining resource-backed financing, hybrid instruments, climate-aligned capital, and risk-transfer mechanisms, Dunmade contributes a pragmatic framework for structuring energy finance in high-risk jurisdictions.
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The Role of Transaction Avoidance Mechanisms in Corporate Insolvency Law in Nigeria
0₦2,500.00Business failure is a recurring phenomenon that cannot be ignored. Several factors contribute to corporate insolvency, including inefficient corporate management, corruption, the socio-political and economic environment, and government policies. Meanwhile, the primary financial burden of corporate insolvency is shifted to the creditors. They are therefore the most vulnerable and most exposed when a corporation fails. The protection of creditors in such situations has remained a challenging legal issue to address in a just and efficient manner, and options adopted have, in most instances, failed to offer full protection. Considering the above legal problem, Ejims Enwukwe, in his article, The Role of Transaction Avoidance Mechanisms in Corporate Insolvency Law in Nigeria, explores and analyzes the legal dynamics and complexities of transaction avoidance mechanisms in the protection of creditors under Nigerian insolvency law. Enwukwe concludes that transaction avoidance, when properly applied, has strong potential to protect creditors in corporate insolvency. This is without prejudice to some of the identified limitations of the mechanism. Nevertheless, the existing framework is a commendable start that Nigeria can further build on to better protect creditors in corporate insolvency. Enwukwe recommends legislative intervention to strengthen and optimize the role of transaction avoidance in protecting creditors in corporate insolvency.
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A Cross-Jurisdictional Legal and Risk Analysis for Corporate Board Oversight of Artificial Intelligence
0₦2,500.00The growing use of artificial intelligence (AI) in business brings new risks that company boards must take seriously. Joy Debski and Joshua Olewu, in their article, A Cross-Jurisdictional Legal and Risk Analysis for Corporate Board Oversight of Artificial Intelligence, look at how boards are expected to manage these risks as part of their duty to oversee company operations. Using a doctrinal comparative approach, Debski and Olewu examine four jurisdictions: the European Union, the U.S.A, China, and Nigeria to show how different laws and systems shape board responsibilities. Drawing from comparative statutory frameworks from selected jurisdictions, Debski and Olewu highlight areas of liability, compliance obligations, and ethical risks. They also draw on the agency and stewardship theories of corporate governance to analyze real-world examples, including Uber’s algorithmic misclassification and Amazon’s AI hiring bias case, to explain the need for Board oversight of AI. Based on the findings, Debski and Olewu suggest best practices for boards, provide recommendations for regulators and researchers, and call for more real-world studies on how boards are handling AI today.
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The Gravitas Review of Business & Property Law Vol.16 No.2 – Print
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.16 No.2, there are well researched articles on:
- Maritime Law
- Corporate Law
- Energy Law
- Employment Law
- Legal Practice
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The Gravitas Review of Business & Property Law Vol.16 No.2 – E-Book
0₦5,000.00In this issue of The Gravitas Review of Business & Property Law Vol.16 No.2, there are well researched articles on:
- Maritime Law
- Corporate Law
- Energy Law
- Employment Law
- Legal Practice
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Maritime Boundary Disputes and the Rule of Law: A Legal Appraisal of the South China Sea and its Relevance to Nigeria
0₦2,500.00Nengi Banigo-Abah and Ahiakwo Abraham in their article, Maritime Boundary Disputes and the Rule of Law: A Legal Appraisal of the South China Sea and its Relevance to Nigeria, critically examine the legal regime governing maritime disputes in the South China Sea (SCS). Banigo-Abah and Abraham evaluate the applicability of its normative, legal, and institutional lessons to Nigeria’s maritime governance and security challenges in the Gulf of Guinea (GoG). Both maritime regions, though located in different geopolitical contexts, Southeast Asia and West Africa were found to share striking similarities such as unresolved sovereignty disputes, contested maritime boundaries, illegal exploitation of marine resources, and fragile enforcement mechanisms. These parallels render the South China Sea a valuable case study for drawing lessons relevant to the evolving legal and security architecture of the Gulf of Guinea. The primary objective of the study was to assess how Nigeria could strengthen its legal and institutional frameworks to manage maritime threats, including piracy, armed robbery at sea, oil bunkering, and illegal fishing, while also addressing issues related to boundary delimitation and jurisdictional enforcement. A doctrinal and comparative legal methodology was employed, focusing on primary legal sources, including the United Nations Convention on the Law of the Sea (UNCLOS), relevant treaties, and case law. The findings indicate that while UNCLOS provided a comprehensive and widely accepted legal basis for maritime boundary delimitation, freedom of navigation, and resource management, its enforcement capacity remained weak, especially when confronted with the strategic interests of powerful states. Banigo-Abah and Abraham conclude that Nigeria could significantly enhance its maritime governance by adopting a multi-pronged strategy: strengthening its domestic legal framework, expanding institutional capacity for maritime enforcement, investing in diplomatic engagement through regional bodies, and utilising international adjudicatory mechanisms more effectively.