In this Article, our Olusina Sipasi and Merit Okafor Examine the powers of the federal Inland Revenue service to recover unpaid stamp duties on dutiable instruments, especially as it relates to financing transactions.
Our Adedapo Tunde Olowu SAN, Ngozi Efobi and Christabel Ndeokwelu authored the Nigerian chapter of Lexology’s Getting the Deal Through Complex Commercial Litigation Guide for 2023. The 2023 chapter provides local insights into the [...]
Cryptocurrencies have largely received conflicting treatment by regulators in Nigeria. While the Central Bank of Nigeria (“CBN”) has increasingly been hostile towards cryptocurrencies, the Securities and Exchange Commission (“SEC”) has, for the most part, adopted [...]
Contactless payments offer a convenient and, where proper safeguards are introduced, significantly safer payment method. With projections that Contactless Payments will reach a global value of USD164.15 billion by 2030 and major players in the [...]
The NDPB released a compliance notice (“Notice”) on 13 October 2022, which contained additional compliance requirements for data controllers under the National Data Protection Adequacy Programme (“NaDPAP”) Whitelist. We have highlighted some of these updates [...]
On 6 October 2022, the NDPB released the Data Protection Bill 2022 (“the Bill”). The Bill appears to be a beacon of hope for a final legislation on the subject, as the National Commissioner of [...]
AELEX is pleased to note that the President of the Federal Republic of Nigeria has given his assent and the Nigeria Startup Act (NSA) has now been signed into law. The NSA is a joint [...]
On 6 October 2022, the Nigeria Data Protection Bureau (“NDPB”) released the Data Protection Bill 2022 (“the Bill”). In this article, our Ifeoluwa Ebiseni, Nenjom Asuk and Ademayowa Borokinni examine the Bill and highlight the attendant issues [...]
In recent times, Buy Now Pay Later (BNPL) arrangements have witnessed a huge surge, recording almost 400% global growth between 2019 – 2021, and expected to further increase by over $480 billion between 2021 – 2026
An M&A deal can be described as a marathon. The process from initial negotiations to drafting term sheets, conducting due diligence, negotiating and eventually, the signing and closing (or completion) of the transaction documents is [...]
Determining the Role of Law in Automated Transactions Smart Contracts, a blockchain-based solution that ensure automatic performance of the terms of contracts, hold a great deal of potential in redefining the [...]
An application software (app) is a program designed to help customers perform activities. These apps, which are usually on our electronic devices, are used to control several things ranging from health & fitness, music, movies, online [...]
Our Davidson Oturu recently co-authored a peer reviewed publication with the Director General of the National Institute for Pharmaceutical Research and Development (niprd), Dr Obi Peter Adigwe, in the Public Library of Science (PLOS) Global Public Health Journal. [...]
Cryptocurrencies have risen to prominence in recent times and are expected to remain a fixture in the fintech landscape. Stablecoins are perhaps the most promising category of cryptocurrency as they combine the innate advantages/promises [...]
On 27 June 2022, AELEX secured a landmark judgement for Accugas Limited (“Accugas”) at the Abuja Division of the Federal High Court (“the “FHC) by moving the FHC to hold that the Finance Act, 2019 [...]
Our Managing Partner, Adedapo Tunde-Olowu, SAN, FCIArb, FCTI and senior associate, Oluwaseun Philip-Idiok recently authored the 2022 edition of the Global Arbitration Review (GAR) Know-How on Commercial Arbitration in Nigeria The publication provides a detailed review of substantive and procedural laws [...]
The general public has expressed its distrust for the NITDA’s Code of Practice (Code) for interactive computer service platforms/ internet intermediaries. Specifically, the public has expressed concerns that the Code is yet another attempt by [...]
In February 2021, the Central Bank of Nigeria (the “CBN”) released the Regulatory Framework for Open Banking in Nigeria (the “Open Banking Framework”) to provide an enabling regulatory environment for provision of innovative and customer-centric financial [...]
