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HOW TO OBTAIN A NON-BANK (NON-DEPOSIT) FINANCIAL INSTITUTION LICENCE IN ZAMBIA

The Banking and Financial Services Act (BFSA), 1994, gives the Bank of Zambia the authority to license, regulate and supervise banks and other financial institutions registered under the referred Act. There are mainly two categories of non-bank financial institutions: Deposit Financial Institution: These institutions are …

RECOVERY OF RENTED COMMERCIAL PROPERTY IN LAGOS STATE

Introduction Tenancy disputes are some of the most common property disputes in Nigeria. They also rank amongst the most litigated matters in Nigeria. As in other transactions, where parties freely determine their rights and obligations, parties to a tenancy agreement, though free to negotiate the …

UNDUE DELAY OF LITIGATIONS: AN ABUSE OF COURT PROCESS

Introduction The Nigerian judiciary, as the custodian of justice and the rule of law, is constitutionally empowered to ensure that justice is administered fairly, impartially, and within a reasonable timeframe. Although there are other means of alternative dispute resolution (ADR) but the court system remains …

EMPLOYER’S DUTY TO RECALL SUSPENDED EMPLOYEE: CASE REVIEW OF JATO SUNDAY DANIEL V. BUA INTERNATIONAL LTD.

Introduction Under Nigerian law, employers have several inherent powers, including power to discipline employees in deserving circumstances. One of such disciplinary powers is the power to suspend employees. The inherent power of employer to suspend an employee pending investigation of an alleged misconduct or as …