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OALP DISPUTE RESOLUTION PRACTICE QUARTERLY NEWSLETTER – 2ND QUARTER 2022

The second quarter of 2022 has been eventful and kept the dispute resolution space extremely busy. Several interesting decisions of courts were delivered in Nigeria and other jurisdictions during the period and...

OALP DISPUTE RESOLUTION PRACTICE QUARTERLY NEWSLETTER – 2ND QUARTER 2022

The second quarter of 2022 has been eventful and kept the dispute resolution space extremely busy. Several interesting decisions of courts were delivered in Nigeria and other jurisdictions during the period and...

Money Laundering Prevention and Prohibition Act 2022: Enhanced Anti Money Laundering Regime in Nigeria

The passage of the Money Laundering (Prevention and Prohibition) Act, 2022 - which repealed the Money Laundering (Prohibition) Act, No. 11, 2011 - has introduced significant changes to the legal and institutional...

COMPLIANCE WITH THE PETROLEUM INDUSTRY ACT: IMPENDING DEADLINES

Since the enactment of the Petroleum Industry Act (PIA), players in the Nigerian oil and gas industry have sought to understand the full scope and extent of their obligations under the PIA....

The Proceeds of Crime (Recovery and Management) Act, 2022: Revitalizing Nigeria’s Anti-Graft War

On 12 May 2022 the Proceeds of Crime (Recovery and Management) Act came into effect. Drawing from local experience in the anti-graft war, and noticeably influenced by international instruments such as the...

Newsletter on the CBN Draft Operational Guidelines for Open Banking in Nigeria

In February 2021, the Central Bank of Nigeria (CBN) released the Regulatory Framework for Open Banking in Nigeria (the Open Banking Framework) which establishes principles for data sharing across the banking and...

Newsletter on the New SEC Rules on Issuance, Offering Platforms and Custody of Digital...

In April 2022, the Securities and Exchange Commission (the SEC) released its Proposed Rules on the Registration of Virtual Asset Service Providers and the Proposed Rules on the Issuance, Offering Platforms and...

FIRS PUBLIC NOTICE ON CERTIFICATE OF FIXED ASSET ACCEPTANCE AS A PRECONDITION FOR THE...

The FIRS in a recent public notice requested that all companies submit their Certificates of Fixed Assets Acceptance (CAFA) on Qualifying Capital Expenditures (QCEs) for capital allowances enjoyed between 2016 and 2021...

Newsletter on SEC Proposed Rules on Issuance, Offering Platforms and Custody of Digital Assets

The Securities and Exchange Commission (SEC) has recently issued its Proposed Rules on Issuance, Offering Platform and Custody of Digital Assets (the Proposed Rules). This is following the SEC’s press release in...

Newsletter on SEC Proposed Rules for Registration of Virtual Asset Service Providers

In 2020, the Securities and Exchange Commission (SEC) expressed its intention to regulate the virtual assets when it released the “Statement on digital assets and their Classification and Treatment”. However, following the...