Olaniwun Ajayi LP

October 18, 2018

Executive Order 008: Voluntary Assets Regularization Scheme (VOARS)

The Federal Government of Nigeria (“FGN”),on Monday 8th October 2018, signed a new Executive Order (008) (the Order) tagged Voluntary Offshore Assets Regularization Scheme (VOARS or the Scheme). The Order,...

August 24, 2018

FGN INVITES EXPRESSIONS OF INTEREST FOR CORE INVESTORS IN RESPECT OF AFAM AND YOLA POWER ASSETS

In continuation of the wholesale privatization of the key power infrastructure assets which began in 2006 with the horizontal unbundling of the Power Holding Company of Nigeria Plc (PHCN), and...

August 20, 2018

TAXATION

Impact Of Multiple Taxation On Businesses In Nigeria

There are over fifty taxes and levies collected by the federal, state and local governments in Nigeria. In addition to the plethora of taxes and levies in Nigeria, it is...

June 11, 2018

NIGERIAN SUPREME COURT RULES THAT A CLAIM ARISING FROM AN AGREEMENT FOR THE USE OF A VESSEL IS NOT A MARITIME CLAIM

The Nigerian Supreme Court in its recent decision in TSKJ Nigeria Ltd v Otochem Nigeria Ltd (Unreported), SC 118/2009, has held that a State High Court has the jurisdiction to...

May 22, 2018

Company and Allied Matters Act

COMPANIES AND ALLIED MATTERS ACT (REPEAL AND RE-ENACTMENT) BILL 2018

On 15 May 2018, the 8th Senate considered and passed the Companies and Allied Matters Act (Repeal and Re-enactment) Bill, 2018 (the Bill) after its third reading. The Bill was...

April 10, 2018

Power and Infrastructure Wrap-Up report 2017

Our Power & Infrastructure team published a report detailing the key developments in the Nigerian power and infrastructure space over the course of 2017. In the report, we also share...

March 2, 2018

Lagos State Passes New Land Use Charge Law

On Monday 29 January, 2018, the Lagos State House of Assembly (LSHA) passed into law the Land Use Charge Bill 2017. The objective of the law is to provide for...

February 9, 2018

Analysing the ‘No-Reflective Loss’ Principle in the Context of an SSPA

Sometimes share subscription and purchase agreements will contain a clause to the effect that if the contracting company breaches certain representations and warranties, causing the acquirer of the shares to...

January 2, 2018

NIMASA

NIMASA to Acquire New Vessels to Combat Maritime Crimes

The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced that it will acquire strategic maritime security and safety assets, including vessels, in its bid to ensure maritime security in...

October 18, 2018

Executive Order 008: Voluntary Assets Regularization Scheme (VOARS)

The Federal Government of Nigeria (“FGN”),on Monday 8th October 2018, signed a new Executive Order (008) (the Order) tagged Voluntary Offshore Assets Regularization Scheme (VOARS or the Scheme). The Order,...

August 24, 2018

FGN INVITES EXPRESSIONS OF INTEREST FOR CORE INVESTORS IN RESPECT OF AFAM AND YOLA POWER ASSETS

In continuation of the wholesale privatization of the key power infrastructure assets which began in 2006 with the horizontal unbundling of the Power Holding Company of Nigeria Plc (PHCN), and...

August 20, 2018

TAXATION

Impact Of Multiple Taxation On Businesses In Nigeria

There are over fifty taxes and levies collected by the federal, state and local governments in Nigeria. In addition to the plethora of taxes and levies in Nigeria, it is...

June 11, 2018

NIGERIAN SUPREME COURT RULES THAT A CLAIM ARISING FROM AN AGREEMENT FOR THE USE OF A VESSEL IS NOT A MARITIME CLAIM

The Nigerian Supreme Court in its recent decision in TSKJ Nigeria Ltd v Otochem Nigeria Ltd (Unreported), SC 118/2009, has held that a State High Court has the jurisdiction to...

May 22, 2018

Company and Allied Matters Act

COMPANIES AND ALLIED MATTERS ACT (REPEAL AND RE-ENACTMENT) BILL 2018

On 15 May 2018, the 8th Senate considered and passed the Companies and Allied Matters Act (Repeal and Re-enactment) Bill, 2018 (the Bill) after its third reading. The Bill was...

April 10, 2018

Power and Infrastructure Wrap-Up report 2017

Our Power & Infrastructure team published a report detailing the key developments in the Nigerian power and infrastructure space over the course of 2017. In the report, we also share...

March 2, 2018

Lagos State Passes New Land Use Charge Law

On Monday 29 January, 2018, the Lagos State House of Assembly (LSHA) passed into law the Land Use Charge Bill 2017. The objective of the law is to provide for...

February 9, 2018

Analysing the ‘No-Reflective Loss’ Principle in the Context of an SSPA

Sometimes share subscription and purchase agreements will contain a clause to the effect that if the contracting company breaches certain representations and warranties, causing the acquirer of the shares to...

January 2, 2018

NIMASA

NIMASA to Acquire New Vessels to Combat Maritime Crimes

The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced that it will acquire strategic maritime security and safety assets, including vessels, in its bid to ensure maritime security in...