The debate over whether an unregistered money lender in Nigeria can recover loans with interest continues to generate legal discussions. While the Money Lending Act and state laws require money lenders to be registered before charging interest, some argue that a lender—registered or not—should still be able to recover their money (including profit) if the …
In Nigeria, lending money and demanding interest on it is not as straightforward as simply offering loans. The law mandates that individuals or businesses engaging in money lending must be registered under the Money Lending Act or its equivalent laws in various states. Failure to obtain a valid money lending license can make loan agreements …
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When dealing with property transactions in Nigeria, it is crucial to understand the distinction between leases and licenses. Both terms involve granting rights over land or property, but they differ significantly in their legal nature, rights granted, and implications for both parties. Many individuals and businesses enter agreements without fully understanding these differences, which can …
Leases vs. Licenses: Differences and Legal Implications Read More »
Mergers and acquisitions (M&A) play a significant role in corporate growth, business expansion, and economic development in Nigeria. Whether companies seek to combine resources, expand market reach, or gain a competitive advantage, understanding the legal framework governing M&A transactions is crucial. This blog post explores the legal processes involved in mergers and acquisitions in Nigeria …
Mergers and Acquisitions: Legal Processes and Common Pitfalls Read More »
Starting and running a business in Nigeria involves navigating various legal, financial, and operational challenges. Protecting your business legally is essential for long-term success and growth. This guide provides practical steps to help entrepreneurs safeguard their businesses from legal risks, disputes, and losses. 1. Choose the Right Business Structure The first step in protecting your …
Divorce not only marks the end of a marital relationship but also raises critical questions about the division of assets accumulated during the marriage. In Nigeria, the distribution of assets after divorce is guided by statutory, customary, or Islamic law, depending on the type of marriage and other contextual factors. This blog post explores the …
Distribution of Assets After Divorce: Legal Provisions and Challenges Read More »
Divorce is often a challenging and emotional process, but understanding the legal framework can help individuals navigate it more confidently. In Nigeria, the legal processes for divorce vary based on the type of marriage, whether it was conducted under customary law, Islamic law, or the Marriage Act. This post provides an overview of the key …
Legal Processes for Divorce in Nigeria: What You Need to Know Read More »
Happy New Year and welcome to 2025! As we step into this exciting new chapter, we are thrilled to have you on board for what promises to be an enlightening and knowledge-packed journey through the fascinating world of law. This year, we are committed to bringing you engaging and thought-provoking content that spans the broad …
Welcome to 2025: A Year of Legal Insights and Knowledge! Read More »
Enforcing Arbitration Awards in Nigeria: Legal Framework and Challenges Arbitration has become a preferred method for resolving commercial disputes in Nigeria due to its efficiency, cost-effectiveness, and confidentiality. However, the success of arbitration often hinges on the enforceability of arbitration awards. This blog post delves into the legal framework for enforcing arbitration awards in Nigeria …
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Arbitration has emerged as a preferred method for resolving commercial disputes in Nigeria, offering an efficient alternative to the lengthy and sometimes cumbersome litigation process. As businesses strive for faster and more confidential ways to resolve conflicts, arbitration provides a structured, legally binding, and flexible mechanism tailored to the needs of commercial entities. Understanding Arbitration …
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