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Templars

The Implications of Nigeria’s Refusal to Endorse the OECD/G20 IF Digital Tax Deal

The internet has simplified communication and eradicated distance; however, it has also brought its own challenges. While the generation of remote income has expanded to continents where companies have neither presence nor jurisdiction, the controversy of digital ta..

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Olaniwun Ajayi

NNPC Limited: Understanding the Hybrid Identity of Nigeria’s National Oil Company

With the historic passage of the Petroleum Industry Act, 2021 (the PIA) there has been an overhaul of the legal and regulatory landscape of the Nigerian oil and gas industry, extending to the establishment of key institutions as regulators of technical and commercial acti..

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Banwo & Ighodalo

Trademark Infringement: Analyzing The Concept Of “Confusingly Similar Trademarks"

The Nigerian Trade Marks Act[1] (Act) prohibits the registration of a trademark which is confusingly similar to an already existing trademark and which is likely to deceive or cause confusion in the course of trade[2]. While the provision of the law couldn’t be any cleare..

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ǼLEX

AELEX secures landmark judgment on whether legislation should apply to trading conducted prior to its enactment, even if tax filings are made after enactment

On 27 June 2022, AELEX secured a landmark judgement for Accugas Limited (“Accugas”) at the Abuja Division of the Federal High Court (“the “FHC) by moving the FHC to hold that the Finance Act, 2019 (“FA 2019”), which was assented to on 13 January 2020 should not apply to t..

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ǼLEX

Exploring the NITDA Code of Practice and Its Potential Impact on Social Media and Online Platforms

The general public has expressed its distrust for the NITDA’s Code of Practice (Code) for interactive computer service platforms/ internet intermediaries. Specifically, the public has expressed concerns that the Code is yet another attempt by the Nigerian Government to re..

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The passage of the Money Laundering (Prevention and Prohibition) Act, 2022 – which repealed the Money Laundering (Prohibition) Act, No. 11, 2011 – has introduced significant changes to the legal and institutional framework for the prevention and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

A Review of the Contractor's Power

When project owners refuse to pay contractors or have denied them access to the construction sites, contractors react in several ways. One such reaction is to suspend further performance of works until payment is made or access to the site is given. However, the contracto..

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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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Aluko & Oyebode

Assent of New Laws on Anti-Money Laundering/ Combatting of Financing of Terrorism in Nigeria

On 12 May 2022, the President of the Federal Republic of Nigeria, Muhammadu Buhari as part of the efforts to strengthen the AML/CFT regime in Nigeria signed into law the following Bills; (i) Money Laundering (Prevention and Prohibition) Bill, 2022 (ii) Terrorism (Preventi..

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