Sabi Business Law

#SabiBizLaw

MUST EVERY COMPANY (INCLUDING PRIVATE COMPANIES) HAVE COMANY SECRETARY?* Daily Law Tips (Tip 505) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

Registration and operation of companies in Nigeria are regulated by the Corporate Affairs Commission (CAC). The law is clear on whether private and public companies must have secretaries. By law, any company in Nigeria must have a registered company secretary. This applies to all types, sizes and kinds of companies in Nigeria. The detail of …

MUST EVERY COMPANY (INCLUDING PRIVATE COMPANIES) HAVE COMANY SECRETARY?* Daily Law Tips (Tip 505) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »

MUST EVERY COMPANY (INCLUDING PRIVATE COMPANIES) HAVE COMPANY SECRETARY?* Daily Law Tips (Tip 505) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

Registration and operation of companies in Nigeria are regulated by the Corporate Affairs Commission (CAC). The law is clear on whether private and public companies must have secretaries. By law, any company in Nigeria must have a registered company secretary. This applies to all types, sizes and kinds of companies in Nigeria. The detail of …

MUST EVERY COMPANY (INCLUDING PRIVATE COMPANIES) HAVE COMPANY SECRETARY?* Daily Law Tips (Tip 505) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »

MEMORANDUM OF UNDERSTANDING (MOU) IS NOT A BINDING AGREEMENT(CONTRACT).* Daily Law Tips (Tip 502) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

Agreement(Contract) is very different from a Memorandum of Understanding (MOU). There are never the same and as such it is very dangerous to misuse/misunderstand them. Their relevance, powers, binding nature and even acceptability in courts and business transactions vary. AGREEMENT (CONTRACT) is a BINDING understanding between two or more persons while a MEMORANDUM OF UNDERSTANDING …

MEMORANDUM OF UNDERSTANDING (MOU) IS NOT A BINDING AGREEMENT(CONTRACT).* Daily Law Tips (Tip 502) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »

LANDS IN NIGERIA THAT HAVE NO MINIMUM AGE LIMIT FOR OWNERSHIP. * Daily Law Tips (Tip 500) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

By the Land Use Act, no person less than 21 years old can own a land in Nigeria. It is illegal for any Governor to grant a statutory right of occupancy or give consent to any transfer of title of land to any person that is less than 21 years old except for 2 reasons. …

LANDS IN NIGERIA THAT HAVE NO MINIMUM AGE LIMIT FOR OWNERSHIP. * Daily Law Tips (Tip 500) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »

*WHY YOU CANNOT IMPORT BEES AND BEE-KEEPING EQUIPMENTS INTO NIGERIA. * Daily Law Tips (Tip 499) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

Like other restricted items, plants and animals, importation of bees into Nigeria is restricted. No person in Nigeria is allowed to import Bees or any agricultural material for use in connection with bees or bee-keeping, unless that person is the holder of a permit from the Minister of Agriculture. My authorities are sections 1 and …

*WHY YOU CANNOT IMPORT BEES AND BEE-KEEPING EQUIPMENTS INTO NIGERIA. * Daily Law Tips (Tip 499) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »

HOW TO LAWFULLY PURCHASE LAND FOR A MINOR (CHILD) IN NIGERIA.* Daily Law Tips (Tip 498) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

Ordinarily, no person less than 21 years old can own a land in Nigeria. It s illegal for any Governor to grant a statutory right of occupancy or give consent to any transfer of title of land to any person that is less than 21 years old except for 2 reasons. A person less than …

HOW TO LAWFULLY PURCHASE LAND FOR A MINOR (CHILD) IN NIGERIA.* Daily Law Tips (Tip 498) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »

DOCUMENTS THAT CANNOT BE TENDERED IN COURT FROM THE BAR.* Daily Law Tips (Tip 497) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

Ordinarily, documentary evidence is to be tendered in court by witness that is linked to such document. However, there is an exception to this principle/practise, the exception being cases where a lawyer doing a case can personally tender certain types of documents by himself from the bar on behalf of a party/witness. “Certified true copy …

DOCUMENTS THAT CANNOT BE TENDERED IN COURT FROM THE BAR.* Daily Law Tips (Tip 497) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »

DEADLINE FOR PAYMENT OF ANNUAL RETURNS BY BUSINESS NAMES, FIRMS AND INDIVIDUALS.* Daily Law Tips (Tip 496) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

You can establish and run a business in Nigeria, either as a register company or as a registered business name with the Corporate Affairs Commission (CAC). To show that your company or business name is still in existence among other things, you are expected to file an “Annual Returns” for your business every year. Annual …

DEADLINE FOR PAYMENT OF ANNUAL RETURNS BY BUSINESS NAMES, FIRMS AND INDIVIDUALS.* Daily Law Tips (Tip 496) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »

MINIMUM AGE FOR LAND OWNERS IN NIGERIA IS NOT 18 YEARS.* Daily Law Tips (Tip 495) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

“LAND” is very important property in Nigeria. Ownership, Use, Sale and Transfer of LAND is regulated in Nigeria. There is a restriction on age of persons that can own land in Nigeria. Though the common adult age in most laws in Nigeria is 18 years, that is not same with issues of land. The minimum …

MINIMUM AGE FOR LAND OWNERS IN NIGERIA IS NOT 18 YEARS.* Daily Law Tips (Tip 495) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »

*IT IS NOT “NOTARY PUBLIC OF NIGERIA” BUT “NOTARY PUBLIC FOR NIGERIA”.* Daily Law Tips (Tip 494) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

Nothing describes an office better than the law establishing the office. There is nothing like “Notary Public of Nigeria”. The correct name/title of office of a notary, is “Notary Public For Nigeria”. It is an office reserved only for a fit and proper legal practitioner to be appointed by the Chief Justice of Nigeria. A …

*IT IS NOT “NOTARY PUBLIC OF NIGERIA” BUT “NOTARY PUBLIC FOR NIGERIA”.* Daily Law Tips (Tip 494) by Onyekachi Umah, Esq., LLM. ACIArb(UK) Read More »