In the recently decided case of FRN v. Nnajiofor (2024) 10 NWLR (PT. 1947) 443 S.C, the Supreme Court ruled that the court will interpret the word “May” as mandatory wherever it is used to impose a duty upon a public functionary. Click the link to read the full article. #Interpretationofstatutes #supremecourt #judgments #Caseupdates #TONBOFALaw
Virtual Data Rooms – A cursory look at the Effect of Data Protection Laws; the Obligations and Liability of the Discloser.
Virtual Data Rooms (VDRs) have become essential, providing better accessibility, efficiency, and security than traditional methods. Despite their many benefits, VDRs pose risks related to data security and compliance with protection laws. It is crucial for the disclosing party to select a VDR provider with strong security and adherence to data laws. Click here
SUSPENSION OF THE MANDATORY LEVY FOR ORGANISATIONS EMPLOYING EXPATRIATE WORKERS
The Suspension of the implementation of the Expatriate Employment Levy resulted from mixed reactions by various stakeholders. This Article focuses on the provisions of the Expatriate Employment Levy Handbook and the suspension of its implementation. Click for more info
NIGERIA DATA PROTECTION ACT 2023 PART V
This Article sheds the spotlight on part V of the NDPA Act. The Principles of Personal Data Processing introduced in the Act serve as a foundational guide for ethical data handling in Nigeria. With an emphasis on fairness, transparency, and accountability, the Act not only aligns with international data protection standards but also sets
VIRTUAL MEETINGS FOR PUBLIC AND PRIVATE COMPANIES IN NIGERIA
Public and Private companies can now have their meetings virtually! The Business Facilitation (Miscellaneous) Act 2022 and the Companies and Allied Matters Act 2020 have recognised virtual meetings for both public and private companies in Nigeria. Companies can validly hold its meeting virtually so long as it is in line with the company's articles.
NIGERIA DATA PROTECTION ACT 2023: AN OVERVIEW OF PART III AND IV OF THE ACT
This Article sheds the spotlight on parts III and IV of the NDPA Act. These salient provisions explain the fiscal and labour resources required for the Commission to effectively carry out its duties. Part III outlines the criteria for appointment and the length of term in office for commission members, while Part IV elaborates
NIGERIA DATA PROTECTION ACT 2023: AN OVERVIEW
Data privacy relates to the right of a person to determine for themselves when, how, and to what extent their personal information is shared with or communicated to others and to ensure that the handling of their personal data follows data protection laws, regulations, and general privacy best practices. In today's digital age, where significant volumes of
The Corporate Affairs Commission To Strike Out The Names Of 100,000 Companies From Its Database
The Corporate Affairs Commission ("the CAC") earmarked 100,000 registered companies for delisting for failure to file annual returns in the last 10 years. What is annual returns and when should annual returns be filed? Click here to find out
Significant Changes Of The Arbitration & Mediation Bill 2022
The Senate on the 10th of May 2022 passed the Arbitration and Mediation bill, below we have highlighted some novel areas introduced by the bill for your digest. Click here for more #Arbitrationlaw #Arbitrationbill2022 #Senatebills #Nigerianbills #Tonbofalaw #Tonbofawrites
Licenses In The Nigeria Mining Sector
Mining sectors continue to dominate among economic areas attracting foreign investors, most commonly challenged with licensing and regulatory framework. The aim of this article is to highlight mining licences in Nigeria with key regulatory and fiscal provisions. Click for more #Mining in Nigeria #Mining Licenses #Fiscal Provisions #Nigeria Mining Laws #TONBOFA
Data Subject’s Right to Lodge Compliant
Do you know that as a Data Subject you have the right to make reports to the relevant authority where your rights are being infringed on? In this article we highlight the right of a Data Subject to make reports vis a vis the Sokoloan Saga. Click here for more Tonbofalaw |Tonbofawrites |NDPR |NDPRsanctions
CAN A LIMITED LIABILITY COMPANY PURCHASE ITS SHARES IN NIGERIA?
Do you know that a Company limited by shares can buy back its own shares upon fulfilment of certain conditions under the Companies and Allied Matters Act, 2020? For more information click here #CAC #Sharecapital #Cama #Shares #TONBOFA
New Rules on Issuance, Offering Platforms And Custody of Digital Assets
Recall that on 14 September 2020 the Securities and Exchange Commission “SEC” released a Statement on Digital Assets and their Classification and Treatment to regulate crypto-token or crypto-coin investments detailed in our article NIGERIAN SEC REGULATES DIGITAL ASSETS – TONBOFA Law Practice. In furtherance of this mandate SEC had in April 2022 released its Proposed Rules on the
Energy Update: NNPC Moves to Stop $1.6bn Seplat, Exxonmobil Deal with Major Counter-Offer
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Summary Of The Proposed Companies And Allied Matters Act Amendment Bill
The National Assembly has proposed an amendment to the Companies and Allied Matters Act 2020. The purpose of the proposed amendment is to strengthen the operations of NGOs in Nigeria and their compliance with the provision of the Companies and Allied Matters Act. Read more
DATA PROTECTION AND THE IMPLICATION OF DATA BREACH
Everyday, personal data or information are shared, these data reveal sensitive personal information that can be exploited. It is therefore important to protect these data and regulate the way data is used. Authorities through laws and regulations are taking bold steps to protect data of citizens and impose sanctions for data breach. Wondering how to
Court of Appeal Rules 2021
The amended Court of Appeal Rules 2021 comes in time to suit the changing clime our Judicial system in Nigeria is going through. We have highlighted the salient changes in this article. Read more
ATTORNEY GENERAL OF RIVERS STATE V. FEDERAL INLAND REVENUE SERVICE & A.G FEDERATION: THE COURT’S DECISION
The Federal High Court recently ruled that the Federal Government is not empowered to make tax laws in relation to VAT, withholding tax, education tax and technology tax . The constitution does not allow the Federal Government to make tax laws outside the taxation of incomes, profits, and capital gains. Read More