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An Examination of the Scope of the Liabilities and Indemnity of the Receiver/Manager under Nigerian Law
0₦2,500.00While there are tomes of books and articles on the powers, appointment and duties of a Receiver, there is arguably scant literature on the extent and scope of the liabilities and indemnity of a Receiver in Nigeria. Chimemeka Egonu, Associate at Oluwakemi Balogun LP Lagos Nigeria, makes a brilliant effort to fill the gap in his article, An Examination of the Scope of the Liabilities and Indemnity of the Receiver/Manager Under Nigerian Law. He examines the scope of the personal liability of the Receiver/Manager in tort, contract, under the statutes and the extent to which he can claim indemnity under Nigerian law.
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An Examination of Unfair Labour Practices Against Workers in Nigeria and Some Selected Jurisdictions
0₦2,500.00Professor Adeniyi Olatunbosun, Dean Faculty of Law, University of Ibadan Nigeria and Kingsley Onu of the Adeleke University Ede Nigeria in their article, An Examination of Unfair Labour Practices Against Workers in Nigeria and Some Selected Jurisdictions, undertake an examination of unfair labour practices in Nigeria, South Africa, the United Kingdom, and the United States of America. They contend that new forms of employment relations and the prevalence of unfair labour practices have been exacerbated by the growing incidence of unemployment in Nigeria.
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An Expository Study of the Legal Framework for the Regulations of Non-Oil Export in Nigeria
0₦2,500.00Dr. Ezra Yakusak, Legal Adviser/Board Secretary of the Nigerian Export Promotion Council in “An Expository Study of the Legal Framework for the Regulation of Non-Oil Export in Nigeria” examines the gamut of laws regulating non-oil export in Nigeria highlighting the contradictions and lacuna in some of them.
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An Overview of Data Privacy and Data Protection Law in Nigeria
0₦2,500.00Uche Val Obi SAN, Blessing Choko and Adedoyin Fadare posit that the right to data privacy and protection is now an internationally guaranteed right and nations of the world, including Nigeria, put in place regulations and other mechanisms to safeguard data from corruption, compromise or loss. Uche Obi et al. comprehensively review Nigerian laws and regulations dealing with data protection and privacy, including the Nigeria Data Protection Regulation 2019 against the backdrop of international best practices.
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An Overview of Imposition of Tax on Turnover of Business in Nigeria
0₦2,500.00In “An Overview of Imposition of Tax on Turnover of Business in Nigeria” Dr. Kareem Adedokun of the Kwara State University argues that subjecting the Turnover of Business, rather than its profit, to tax is a necessary anti-avoidance rule and compatible with the status of Nigeria as a democratic country.
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An Overview of International Investment Agreements in the Context of China – Africa Relations and the Role of ICSID
0₦2,500.00Dr Olumide Obayemi, Senior Lecturer, Lagos State University and legal practitioner with Ajumogobia & Okeke, in “An Overview of International Investment Agreements in the Context of China-Africa Relations and the Role of ICSID”, examines investor protection rules under Customary International Law and International Investment Agreements against the background of increasing Chinese investments in Africa. He critiques the role of the International Centre for Settlement of Investment Disputes (ICSID) in the interpretation and application of investor protection rules.
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An Overview of Oil, Gas and Solid Minerals Taxation
0₦2,500.00Olufunlola Adediran, Director, Oil and Gas Department, Federal Inland Revenue Service in “An Overview of Oil, Gas and Solid Minerals Taxation” examines the commercial structure of the oil, gas and solid minerals industries. She explains the concept of mineral rights, concessions and licenses in the two industries, the regulatory framework, fiscal incentives and legislations applicable to them. She highlights how different sectors of the oil, gas and solid minerals industries are taxed and discusses current issues in the extractive industry including the contentious Petroleum Industry Bill and the Indigenous Oil Companies Bill.
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An Overview of Some Compliance Regulations for American Citizens or Permanent Residents doing Business in Nigeria
0₦2,500.00Joseph Munis, gives an overview of some compliance regulations that apply to American citizens and permanent residents doing business in Nigeria in An Overview of some Compliance Regulations for American Citizens or Permanent Citizens doing Business in Nigeria. U.S. laws are complex and highly unusual in their attempt to extend the reach of the organs of enforcement beyond the country’s borders. The tax and related laws which are essentially enforced by the Internal Revenue Service of the Treasury Department cast a long shadow to all corners of the world. The recent indictment of FIFA officials using the US legal system is a demonstration of this reach. The U.S. has statutes where there are extraterritorial provisions that can reach foreign citizens, US citizens and residents, if they violate certain laws. For these to be applied, there has to be a jurisdictional touch requiring that some aspect of law broken falls within the United States’ jurisdiction.
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An Overview of Takaful in Nigeria
0₦2,500.00Oluwaseyi Oso and Khadijah Abdulwahab in their article, An Overview of Takaful in Nigeria, introduce our readers to the practice of Takaful, an Islamic insurance practice which provides an alternative to conventional insurance for risk management. Takaful underscores, among others, mutual risk-sharing and ethical investment which excludes prohibited elements such as interest, gambling, and uncertainty. Interestingly, Takaful, though must be Shariah-compliant is not restricted to Muslims – both Muslims and non-Muslims seeking ethical financial services can invest in Takaful products. The Takaful operators are Takaful insurance companies which offer Takaful products such as family Takaful and general Takaful. Oso and Abdulwahab provide an overview of Takaful, outlining its key features and models. Oso and Abdulwahab also analyse the similarities and differences between Takaful and conventional insurance, and Takaful and mutual insurance. Additionally, Oso and Abdulwahab give an insight into the regulation of Takaful under Nigerian law, specifically reviewing the primary regulation on Takaful in Nigeria, the National Insurance Commission’s Operational Guidelines for Takaful-Insurance Operators, 2013, especially as it governs and regulates the administration of the Takaful operator. They conclude by highlighting Takaful’s appeal, as an alternative to conventional insurance, to both Muslims and non-Muslims interested in ethical financial products.
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An Overview of the Assessment and Determination of Employee Tax in Nigeria
0₦2,500.00Eti Herbert, Legal Practitioner and Researcher in his article, An Overview of the Assessment and Determination of Employee Tax in Nigeria, examines the provision of the Personal Income Tax Act (PITA)and other relevant laws on the assessment and determination of employee tax in Nigeria; what is chargeable to tax; the implementation of the Pay-As-You-Earn (PAYE) system and, reliefs and deductions. He highlights inconsistencies and inadequacies in the provisions of PITA and other existing laws and recommends a review of the laws.
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An Overview of the Legal and Economic Implications of Nigeria’s Execution of the African Continental Free Trade Area (AfCFTA) Agreement
0₦2,500.00Uche Val Obi SAN of Alliance Law Firm Lagos Nigeria, in his article, An Overview of the Legal and Economic Implications of Ngeria’s Execution of the African Continental Free Trade Area (AfCFTA) Agreement comprehensively reviews the AfCFTA Agreement brokered by the African Union and adopted by 44 of its 55 member states on 21 March 2018. The AfCFTA aspires to enhance Africa’s participation in the global economy by increasing intra-African trade flows and attracting foreign investment. The promise that AfCFTA represents, when fully operational, is that it would become the world’s largest free trade area by the number of countries, and in the not-too-distant future, by trade as well. Val Obi SAN examines what AfCFTA portends for the economic prosperity of its signatories and the operational challenges that member countries must grapple with to achieve a safe berth at the desired harbour. He proposes a road map for dealing with the multifarious challenges that currently confront the agreement.
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An Overview of the Legal Framework for Housing Finance and Securitisation in Nigeria
0₦2,500.00Professor Konyinsola Ajayi, SAN & Tomi Oluleye of Olaniwun Ajayi LP in their article, “An Overview of the Legal Framework for Housing Finance and Securitisation in Nigeria” discuss the mortgage concept in Nigeria and its centrality to housing finance. They give an overview of the legal framework for housing and mortgage finance in Nigeria and the various actors in the system. They identify how the Land Use Act and funding challenges hamper an efficient mortgage finance system and advocate the creation of an active secondary mortgage market where mortgaged-backed securities are traded as a viable option in obtaining liquidity for the primary mortgage market. They recognise mortgage securitisation as the fulcrum of a secondary mortgage market and conclude with an analysis of mortgage securitisation in the U.S and the lessons to be learnt from its subprime lending crisis.
