Commercial Law

CONTRACTS WITH ILLITERATE PERSONS IN NIGERIA: THE ULTIMATE THING

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Introduction to Contracts with Illiterate Persons Lamide, a hardworking market trader in Lagos, had successfully run a small provisions shop for twenty-three years despite being unable to read or write English. She relied on her sharp business sense, memory, and occasional help from her children to manage records. One day, a well-dressed and persuasive man […]

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Failure to Transmit Record of Appeal: What You Need To Know

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When an appellant files a notice of appeal in Nigeria, many assume the battle is half won. However, the failure to transmit record of appeal within the statutorily prescribed time has become a silent killer of numerous appeals, leaving litigants stranded at the doorstep of justice. Understanding the effect of failure to transmit record of

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NESTOIL IN COURT: LEGAL FRAMEWORK AND IMPLICATIONS: THE IMPORTANT THING

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Introduction:NESTOIL in Court In late 2025, a long-standing commercial dispute involving Nestoil Limited, one of Nigeria’s foremost indigenous oil and gas service companies, captured national attention. In what became a high-profile legal and financial showdown, a consortium of lenders led by FBNQuest Merchant Bank Limited and First Trustees Limited secured a Mareva injunction freezing Nestoil’s

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Shareholders Rights And Minority Protection: The Important Things To Know

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Introduction To Shareholders Rights & Minority Protection Corporate governance thrives on fairness, rights, accountability and transparency. In Nigeria, these principles are safeguarded through statutory and judicial mechanisms designed as shareholder rights to protect shareholders, particularly minority shareholders, who are often vulnerable to abuse by majority shareholders and controlling directors. In Nigeria, company law recognises that

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PAYPAL RETURNS TO NIGERIA, LEGAL ISSUES IN DIGITAL PAYMENTS: THE OUTSTANDING THING TO KNOW

Leave a Comment / Compliance with the Law, General, Regulatory Compliance, Technology Law /

INTRODUCTION TO PAYPAL RETURNS TO NIGERIA For many Nigerian freelancers, entrepreneurs and small business owners alike, getting paid from international clients was often a puzzle of makeshift solutions cryptocurrency rails, middle-men services, and often expensive third-party merchant platforms because one of the world’s most ubiquitous payment platforms, PayPal, historically offered limited access to Nigerians. Specifically,

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How to Obtain IMTO License Requirement in Nigeria: What You Need To Know

Leave a Comment / Commercial Law, Compliance with the Law, Regulatory Compliance, Start-ups /

INTRODUCTION TO IMTO LICENSE REQUIREMENT Nigeria’s financial landscape is deeply linked to remittances AKA “black tax” which are funds sent home by Nigerians abroad to support households, businesses, and national foreign exchange reserves. These international money transfers are not only economic lifelines for many families but also strategic sources of foreign exchange inflows for the

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Locus Standi in Public Interest Litigation: The Ultimate Thing

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In modern Nigerian jurisprudence, access to justice is not merely a theoretical right but a constitutional imperative. Yet this right has long been shaped and constrained by the doctrine of locus standi which is the legal capacity of a person to institute proceedings in a court of law. Traditionally, Nigerian courts maintained a narrow definition

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The Meaning of ‘Without Prejudice’ Under Nigerian Law: Ultimate Thing

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In the heat of commercial disputes, civil litigation, or family law negotiations, parties often seek to resolve their disagreements before trial. Negotiations are frequently conducted with an express label of “without prejudice” a term meant to protect settlement discussions from being used against the parties later in court. Consider a debtor and creditor locked in

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HOW TO OBTAIN REDRESS UNDER THE FCCPA 2018: WHAT YOU NEED TO KNOW

Leave a Comment / Commercial Law, Regulatory Compliance, Start-ups /

Redress Under The FCCPA Imagine a marketplace where the buyer has no real recourse as where faulty goods, exploitative services, and corporate impunity are the norm, not the exception. For much of Nigeria’s history, this was the reality for consumers, with redress mechanisms being largely inaccessible, slow, and ineffective. This long-standing deficit not only harmed

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HOW TO OBTAIN JUSTICE FOR UNLAWFUL DEDUCTION OF AIRTIME: WHAT YOU NEED TO KNOW

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INTRODUCTION ON UNLAWFUL DEDUCTION OF AIRTIME In recent years, many Nigerian mobile subscribers have repeatedly experienced unexplained deductions of airtime from their phones. These deductions often occur as a result of unsolicited text messages, hidden service subscriptions, or automatic renewals of value-added services (VAS) that the subscriber neither requested nor consented to. The problem has

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