For far too long, you’ve already heard of people forming foreign companies in Nigeria to take advantage of tax benefits. The process of setting up an offshore company in Nigeria is much less complicated than most people believe. It is actually simple and straightforward, and can be completed in a matter of weeks. This post…
Annual general meetings (AGMs) are integral components of corporate governance in Nigeria. Words like resolutions, proxies, votes, shares, directors and investors though synonymous with the Annual General Meeting (AGM) have their unique meanings and importance in the Corporate Governance world. The general meeting is a regulatory tool which seeks to ensure that the interests…
The Evolution of Corporate Governance in Nigeria. The Nigerian corporate sector has undergone different phases in its effort to develop and redefine the corporate landscape so as to inculcate good corporate governance in Nigeria. In 2003, the Code of Best Practices on Corporate Governance in Nigeria (the 2003 SEC Code) issued by the Securities and…
Whistleblowing is a very effective but still under utilised as a corporate governance tool in Nigeria. Whistleblowing serves many purposes, the most commonplace being that it allows the general public to report malpractice in workplaces, organisations and even government bodies. Apart from not only exposing illegal and unethical practices , a properly implemented whistleblowing…
In Nigeria, where at least six out of ten persons own a business or a product, the importance of registering a trademark cannot be overstated. A trademark is simply a symbol, word, or words legally registered or established by use as representing a business or product. A trademark is the identity of a business…
A company incorporated in Nigeria can be sued in its name. This ability to be sued stems from the corporate principle of “corporate legal personality” which suggest that upon incorporation, a company takes up a legal identity. It should be noted that this principle also allows the company to sue. An incorporated company in Nigeria…
An underrated form of alternative business financing option for founders and co-founders to consider is through organic growth. Business owners are expected to learn the first rule of business which is “do not run out of money”, the second rule of business is to have proper systems and procedures in place and whatever happens don’t…
Our firm Olisa Agbakoba Legal (OAL) and BusinessDay Newspapers co-presented the LEGAL POLICY DIALOGUE in 2014. The forum was a strategic partnership that highlighted the impact of the law on economic development and investment by the two sector leaders in law and business reporting. Waking Up Dead Capital in Nigeria: The Business Case At the…
The tort of interference is one of the most unpopular tortious liabilities which players in the business world must be careful of. In simple terms, it means the intentional interference with contractual or business relations. Generally, the law of Torts enforces the breach of a duty imposed by law, to protect the interest of an…
The role small and medium enterprises play in the development of a country is very important. SMEs contribute to the development of Nigeria in terms of employment, growth and development, and marketing of goods and services. The Nigerian Government is turning its attention more than ever to small and medium scale industries and entrepreneurs as…
