December 2019
Funke Adekoya SAN recognized by Who’s Who Legal (WWL)
AelexIT2019-12-02T13:12:54+01:00Funke Adekoya SAN is recognised as a prominent litigation specialist who has carried out leading work on corporate insolvency and restructuring matters. Funke heads the dispute resolution practice group at AÉLEX, a full-service law firm with [...]
November 2019
Davidson Oturu Appointed as subcommittee Chair by INTA
AelexIT2019-11-27T09:36:06+01:00We are honoured to announce that the International Trademark Association (INTA) has appointed Davidson Oturu as the Chair of the Legislation and Regulation Subcommittee for Middle East, Africa and South-East Asia (MEASA) for the 2020-2021 [...]
October 2019
Aelex Associates contributes to Franchising in the International Comparative Legal Guide (ICLG) 2020
AelexIT2019-10-25T17:59:55+01:00Our Tiwalola Osazuwa and Frances Anaekwe Obiago are the contributors to the Nigerian Chapter on Franchising in the International Comparative Legal Guide (ICLG) 2020. The publication examines the different models of local and international franchising [...]
September 2019
REGULATING THE NIGERIAN CAPITAL MARKET: THE FINTECH ROADMAP COMMITTEE REPORT
AelexIT2020-04-22T22:02:00+01:00The FinTech Roadmap Committee was inaugurated by the Securities and Exchange Commission (SEC) on the 14th of November 2018 at SEC's 3rd quarter Capital Market Committee meeting. The Committee was set-up to address the application [...]
ǼLEX’S FUNKE ADEKOYA SAN, WINS PARTNER OF THE YEAR AT THE AFRICAN LEGAL AWARDS 2019
AelexIT2019-09-10T14:03:32+01:00ǼLEX is delighted to announce that Funke Adekoya, SAN, was crowned winner of the Partner of the Year Award at the African Legal Awards 2019. The African Legal Awards recognises exceptional achievement in Africa’s legal [...]
ǼLEX SHORTLISTED AS LOCAL & FRONTIER LEGAL ADVISORS IN THE PRIVATE EQUITY AFRICA AWARDS 2019
AelexIT2019-09-06T14:09:29+01:00We are delighted to announce that ǼLEX has been shortlisted under the “Local & Frontier Legal Advisors” Subcategory in the forthcoming Private Equity Africa Awards 2019. This is the 8th edition of the Private Equity [...]
Funke Adekoya SAN – TVC Interview
AelexIT2019-09-17T15:19:57+01:00On this episode of #TheAdvocate #LegalFocus, SAN Mrs. Olufunke Adekoya, Head of the Dispute Resolution Practice Group at AELEX, talks about her journey into becoming a Lawyer and also her high moments. **credit: TVC News [...]
ǼLEX PARTNER DAVIDSON OTURU INTERVIEWED BY THE WORLD TRADEMARK REVIEW
AelexIT2019-09-02T10:05:10+01:00ǼLEX Partner, Davidson Oturu, was recently interviewed by the World Trademark Review. He spoke, amongst other issues, on how owners of trademarks can protect their marks against persons who seek to register those marks as [...]
August 2019
Central Bank of Nigeria Limits Daily Standing Deposit Facility to N2 Billion
AelexIT2019-09-10T15:09:21+01:00The Central Bank of Nigeria (CBN) recently released a circular titled, “Guidelines on Accessing the CBN Standing Deposit Facility.” The Circular limits the interest-bearing amount of banks’ and discount houses’ liquid assets with the CBN [...]
ǼLEX IS SPONSORING THE AFRICA LEGAL TECH (ALT) SUMMIT IN LAGOS
AelexIT2019-09-30T17:49:14+01:00ǼLEX is a proud sponsor of the Africa Legal Tech (ALT) Summit set to hold on the 19th of September 2019 in Lagos, Nigeria. There will be panels and presentations on legal innovation and technology [...]
ǼLEX SPONSORS THE AFRICAN PRIVATE EQUITY AND VENTURE CAPITAL ASSOCIATION (AVCA) EVENT
AelexIT2019-09-17T16:34:03+01:00ǼLEX is proud to be sponsoring the African Private Equity and Venture Capital Association (AVCA) Focus Live event scheduled to hold on Friday 13th September, 2019 at the Eko Hotel, Victoria Island, Lagos, from 9.30am [...]
ECOWAS LAUNCHES COMPETITION REGULATOR
AelexIT2019-08-21T14:16:50+01:00The Economic Community of West African States (ECOWAS) recently launched its competition regulator called the ECOWAS Regional Competition Authority (ERCA) in Banjul, Gambia. ERCA, by implementing the earlier published ECOWAS competition rules, is expected to promote, maintain and [...]
ǼLEX CONGRATULATES HELIOS AND INTERSWITCH AS VERVE GOES GLOBAL
AelexIT2019-08-21T14:58:05+01:00ǼLEX congratulates the Interswitch group on the launch of the Verve Global Card in New York, just months after the card’s debut in Dubai, UAE. This achievement is evidence that Nigerian companies can operate on [...]
FIRS MENTIONS PLANS TO DEDUCT 5% VAT FOR ONLINE TRANSACTIONS MADE WITH BANK CARDS FROM 2020
AelexIT2020-04-23T17:53:44+01:00To address the challenges with taxing the digital economy in Nigeria, the Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, recently mentioned FIRS’ plans to begin the collection of 5% Value Added [...]
FIRS THREATENS PUNISHMENT AGAINST MANAGEMENT OF DEFAULTING COMPANIES
AelexIT2019-09-10T15:14:25+01:00The Federal Inland Revenue Service (FIRS) recently issued a warning against companies whose bank accounts had been placed under lien by FIRS but were yet to reconcile their tax records with FIRS. In the public [...]
FIRS APPLIES WHT/VAT ON REBATES/DISCOUNTS/COMMISSIONS
AelexIT2019-08-21T15:20:04+01:00The Federal Inland Revenue Service (FIRS) recently issued a public notice calling out the failure of some companies to deduct and remit withholding tax (WHT) and value added tax (VAT) from compensation, including commissions, paid [...]
SUPER-AGENT LICENCES AND THE IMPLICATIONS FOR TELCOS & BANKS IN NIGERIA
AelexIT2019-08-14T13:32:20+01:00On 29th July 2019, a subsidiary of Telco major – MTN, was issued a licence by the Central Bank of Nigeria to operate as a Super-Agent, making MTN the first Telco in Nigeria to venture [...]
EXPIRATION OF THE VALUE ADDED TAX EXEMPTION ON STOCKBROKING COMMISSIONS
AelexIT2019-08-14T11:38:04+01:00In July 2014, the then Minister of Finance – Dr Ngozi Okonjo- Iweala signed the Value Added Tax (Exemption of Commissions on Stock Exchange Transactions) Order, 2014 to waive payment of Value Added Tax (“VAT”) on [...]
ǼLEX Partner Mr. Ola Orewale spoke on the “Disciplinary Powers of Tertiary Institutions under Nigerian Laws: The Fair Hearing Imperatives” at MOCPED
AelexIT2019-08-07T10:49:22+01:00ǼLEX Partner Mr. Ola Orewale was at the special Enhancement Workshop organised for the Principal Officers of Tertiary Institutions, Thought Leaders and Administrators at Michael Otedola College of Primary Education, Epe, Lagos State. He delivered [...]