Entries by Adeola Oyinlade

The Crime Of Money Laundering And Criminal Enforcement In Nigeria

Money laundering is the illegal concealing of money obtained from criminal or illicit activities with the purpose of appearing to have been gotten from a legitimate source. The Economic and Financial Crimes Commission (EFCC) empowered by The Economic and Financial Crimes Commission (EFCC) Act is the agency responsible for the regulation, investigation and prosecution of […]

Building A Solid Intellectual Property Foundation For Startups In Nigeria

Intellectual property (IP) includes valuable tangible or intangible intellectual creations of individuals such as concepts, brands and inventions that give the owners certain exclusive rights. These rights are called IP rights (IPR). Protecting IP rights is crucial for businesses, both large companies and startups. Intellectual Property Laws in Nigeria are enacted to regulate and protect […]

How To Apply and Process Letters of Administration in Lagos, Nigeria

Letter of administration is granted where a deceased person passed away without leaving a Will, that is, intestate. It is issued by the probate registry of the high court to an individual called an administrator to manage, dispose or administer the estate of the deceased person. Until the Letter of Administration is obtained, the estate […]

Garnishee Proceedings in Nigeria: All You Need To Know

A garnishee proceeding is one of the monetary judgment recovery processes in Nigeria. By default, the party to whom a judgment was given in his favour would usually take steps to enforce the judgment. Garnishee proceedings can be defined as a judicial process of execution or enforcement of monetary judgment whereby money belonging to a […]

DOCUMENTS NEEDED WHEN BUYING LANDED PROPERTY IN NIGERIA

There are certain documents necessary when buying landed properties in Nigeria. These are called land documents and they influence the transfer of title and legal interest in a property. The type of property to be purchase will determine the necessary and required documents. It is important that the buyer carries out due diligence and familiarizes […]

HOW TO REGISTER INDUSTRIAL DESIGN IN NIGERIA

Section 12 of the Nigerian Patents & Designs Act, LFN 2004, provides that “any combination of lines and/or colours and three-dimensional form whether or not associated with colours is an industrial design, if it is intended by the creator to be used as a model or pattern to be multiplied by industrial process and is not […]

PROCEDURE FOR OBTAINING A SPORTS BETTING LICENCE IN NIGERIA

Sports betting is regulated at the federal and state government levels in Nigeria. The type of sports betting activity a company wants to carry out will determine where the licence or permit can be obtained.The National Lottery Regulatory Commission (NLRC) empowered by the National Lottery Regulations 2007 (as amended) and National Lotteries Act 2015 is […]

HOW TO OBTAIN A TELECOMMUNICATION LICENCE IN NIGERIA

Telecommunication licence is a prerequisite for the operation of any telecommunication service in Nigeria. The Nigerian Communication Commission (NCC) is the issuing body of telecommunication licences in Nigeria empowered by the Nigeria Communication Act 2003. All service providers in the telecommunication sector in Nigeria must adhere to all existing regulations and requirements such as licences, […]

THE CENTRAL BANK OF NIGERIA REQUIREMENTS TO OBTAIN FINTECH AND PAYMENT SOLUTION LICENCE IN NIGERIA

Introduction Financial Technology (Fintech) is simply the use of innovative technology for financial transactions and services. Fintech and payment solution companies are major players in the financial sector providing digital financial business services such as, payment solutions, mobile payments, online payment gateways, digital savings and investment wallets and more. Examples in Nigeria are Piggyvest, Paystack, […]

CONTRACTS, SPONSORSHIP, ATHLETE RIGHTS AND SPORTS LAW IN NIGERIA

Sports law in Nigeria involves laws and regulations that govern sports activities in the country such as the Constitution of the Federal Republic of Nigeria 1999 (as amended), The Labour Act, The National Sport Commission Act (formerly Decree No 34 of 1971), the Nigeria Football Association Act, National Institute for Sport Act and the Nigeria Boxing […]

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