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OALP

Money Laundering Prevention and Prohibition Act 2022: Enhanced Anti Money Laundering Regime in Nigeria

The passage of the Money Laundering (Prevention and Prohibition) Act, 2022 – which repealed the Money Laundering (Prohibition) Act, No. 11, 2011 – has introduced significant changes to the legal and institutional framework for the prevention and prohibition of money..

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OALP

The Proceeds of Crime (Recovery and Management) Act, 2022: Revitalizing Nigeria’s Anti-Graft War

On 12 May 2022 the Proceeds of Crime (Recovery and Management) Act came into effect. Drawing from local experience in the anti-graft war, and noticeably influenced by international instruments such as the UN Convention on Corruption, the..

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OALP

Unbundling the PIA: host communities development

The host community development provisions in the Petroleum Industry Act 2021 (PIA) remain a focal topic of discourse amongst stakeholders in the Nigerian oil and gas industry. 

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OALP

OALP’s analysis of the recently enacted Climate Change Act 2021 and its potential impact on businesses in the energy industry

In the last quarter of 2021, His Excellency, President Muhammadu Buhari signed into law, the Climate Change Act 2021, to usher in a new dawn in Nigeria’s efforts towards environmental sustainability and ecosystem preservation by presenting a wholistic approach to re..

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