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 law introduces a raft of innovations in the legal and institutional frameworks for detecting, recovering and managing the proceeds of crime. In this article we turn the spotlight on key provisions of the Act.
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On Thursday, 14 March, the Electricity Regulation Amendment Bill was passed by the National Assembly and has been sent to the National Council of the Provinces for consideration. This is a significant step towards the Bill being passed into law and therefore amending the ..
On 28 March 2024, the Central Bank of Nigeria revised the minimum capital requirements for banks aimed at strengthening the Nigerian financial system and actualizing the Nigerian Government’s objective to achieve a US$1 trillion economy in gross domestic product terms by ..
The year 2023 saw policies, legislation and judicial decisions that affected businesses and individuals. This report provides insight into some of these developments in 2023 and the outlook for 2024 for some sectors or areas.
