STK Café | The LawPavilion Blog

BANKS TO BE HELD ACCOUNTABLE FOR FAILED OR DELAYED E-FUNDS TRANSFER IN NIGERIA

INTRODUCTION The CBN has, on 13th of September, 2018, issued a circular on the regulation on instant inter-bank electronic funds transfer services in Nigeria to all Deposit Money Banks, microfinance banks, other financial institutions, mobile money operators, development finance institutions, payment service providers and other stakeholders. The regulation is said to be made in furtherance…

THE PROPOSED COMPANIES AND ALLIED MATTERS ACT 2018: WHAT’S NEW?

PREFACE It is no news that after 28 years, a new Companies and Allied Matters Act (hereinafter referred to as “CAMA”) has been passed by the National assembly to replace the current CAMA. As expected, a lot of the provisions of the current CAMA, having been in force since 1990, have been overtaken by events….

PUBLIC NOTICE ON VERIFICATION/VALIDATION OF MD METERING EXERCISE

The Nigerian Electricity Regulatory Commission (NERC) in line with its mandate of protecting the rights of customers has, on the 7th of June, 2017 issued a public notice on verification/validation of MD metering exercise. In the public notice, the Commission explained that this public notice is a sequel to its directive earlier issued to distribution…

WITNESS PROTECTION PROGRAMME BILL, 2017

INTRODUCTION The Senate at its plenary session on Thursday 8th June, 2017 passed the Witness Protection Programme Bill into an Act to provide for the establishment and operation or a program to enable certain persons to receive protection in relation to certain inquiries, investigations or prosecutions. The bill, sponsored by late Sen. Isiaka Adeleke was…

Counterfeit and Fake Drugs and Unwholesome Processed Food (Miscellaneous Provision) Act (Amendment) Bill, 2015

INTRODUCTION: The Senate, on Thursday, November 3, 2016 passed into law Counterfeit and Fake Drugs and Unwholesome Processed Food (Miscellaneous Provision) Act 2004 LFN (Amendment) Bill, 2015 (S.B. 55) after it scaled through the third reading stage. The Bill was sponsored by Sen. Biodun Olujimi (Ekiti South). According to its long title, the bill is…

Public Procurement (Amendment) Bill, 2016

INTRODUCTION The Senate on Thursday 16TH of June, 2016 passed the Public Procurement Act 20‎07 (amendment) bill 2016 into law. The bill which is explained by its long title to be a bill for an Act to amend the Public Procurement Act to provide for and adopt Local Content Policy and timely completion of procurement…

Lagos State Property Protection Law, 2016

INTRODUCTION Anybody that has had dealing(s) in the real estate sector in Nigeria, particularly in the urban areas like Lagos and its environs will know the numerous ‘dirts’ and ‘risks’ associated with land acquisition and development. Prominent among the hazards that bewitch the process of land acquisition and ownership in Nigeria is the menace of…

Sexual Harassment in Tertiary Educational Institutions Prohibition Bill, 2016

INTRODUCTION The bill titled sexual harassment in tertiary educational institutions prohibition bill, 2016 is sponsored. The long title of the bill introduced it as a bill for an act to make provision for the prohibition of sexual harassment of students by educators in tertiary educational institutions and for matters connected therewith, 2016. The overall objective…

The Religious Preaching Bill 2016

The religious preaching bill is an executive bill proposed by Governor Nasir El-Rufai of Kaduna state. The bill is for a law to substitute the Kaduna state religious preaching law, 1984. The Kaduna state religious preaching law, 1984 was an edict promulgated under the military regime in 1984 to stop the scourge of violence stemming…

CODE OF CONDUCT BUREAU AND TRIBUNAL ACT (AMENDMENT) BILL, 2016

The Code of Conduct Bureau and Tribunal Act (Amendment) Bill, 2016 is a bill currently before the Senate. The bill is sponsored by Senator Peter Nwabuoshi from Delta North. The Bill, which has just 4 sections, was introduced to the Senate on Tuesday the 12th of April 2016 and it scaled the first reading; barely…