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Templars

Navigating the Regulatory Landscape of Renewable Energy Investments in Ghana

The increasing demand for electricity in Ghana and the need to reduce greenhouse gas emissions has resulted in significant investments in renewable energy projects. In line with its commitment to sustainable development and the Paris Agreement, the Government of Ghana aim..

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Templars

The Ghanaian Framework for Public-Private Partnerships

Ghana, like many other developing countries, faces significant infrastructure deficit that has long hindered its economic growth and development. Addressing Ghana's infrastructure challenges will require raising billions of dollars in annual expenditures. Recognizing the ..

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Templars

NDPC Issues Guidance Notice for Data Protection Compliance Audit Returns Filing

The Nigeria Data Protection Commission (“NDPC/the Commission”) has published a Guidance Notice prescribing the formalities for the data protection compliance audit returns (“CAR”) filing and other pertinent compliance requirements for data controllers moving forward (the ..

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Templars

Error of Law on the Face of the Award – the Arbitration and Mediation Act 2023 Comes to the Rescue

This publication by Templars Partner, Adewale Atake, SAN, and Senior Associate, Orji A. Uka, highlights the transformative provision in the AMA regarding recourse against arbitral awards. It focuses on the defence of “error of law on the face of the award” and its e..

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Templars

Mineral Rights Acquisition in Ghana: Local vs. Foreign Company Perspectives

Ghana’s mining sector ranked 6th globally in gold production and held the position of Africa’s top producer from 2018 to 2021. The industry significantly contributes to the country’s GDP, attracts foreign investment, and acts as a primary tax source. The transition from s..

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Templars

Nigerian Evidence Law Accommodates Technological Advancements

On 12 June 2023, President Bola Ahmed Tinubu signed the Evidence (Amendment) Act 2023 into law (“the Act” or “Amendment Act”). The Act does not repeal the Evidence Act 2011 (“the Principal Act”) but introduces key innovations to bring the Principal Act in line with global..

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Templars

The What and Why of Nigeria’s Grey Listing by the Financial Action Task Force and its Implications on Businesses Operating in Nigeria

This designation indicates increased monitoring by FATF as both countries actively work to address strategic deficiencies in combating money laundering, terrorist financing, and proliferation financing.

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Templars

Central Bank of Nigeria Imposes Tighter Tenure Limits on Bank Directors

On the 24th of February 2023, The Central Bank of Nigeria (CBN) issued a circular announcing changes to the tenure of executive and non-executive directors in the Nigerian banking industry.

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Templars

Investigations, White Collar and Compliance Digest

On 12 January 2023, the Central Bank of Nigeria (“CBN”) issued its Guidance on Ultimate Beneficial Owners of Legal Persons and Legal Arrangements (“the Guidance”). The Guidance was developed by the CBN in furtherance of its 2022 anti-money laundering and anti-terrorism fi..

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