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The body of law for copyright protection in Nigeria is the Copyright Act 2022 and judicial decisions in which the provisions of the successive Copyright Acts have been interpreted. As decided by the Supreme Court in Plateau Publishing v. Adophy 1986) 4 NWLR (Pt. 34) …

The main objectives of a copyright law are to protect the rights of the authors to ensure just reward and recognition for their intellectual efforts; and to provide appropriate limitations and exceptions to guarantee access to creative works. Copyright confers exclusive rights of exploitation to …

A banker-customer relationship is a special relationship that is founded on contract, governed by common law, equity and, in some limited respect, statutes such as Acts of the National Assembly, subsidiary legislations including several guidelines and circulars of the Central Bank of Nigeria. In providing …

Doing business in Nigeria is easy as the Federal Government of Nigeria has removed the bottlenecks to business registration, licensing and regulation. Generally, a limited liability company is the most common type of company for business undertakings in Nigeria. By virtue of section 18 of …

The long wait is over! The Central Bank of Nigeria (“CBN”) has announced, in its Press Release of 20th September 2023, the unveiling of a new digital platform for submission of microfinance bank (“MFB”) licence applications, known as the CBN Licensing, Approval and Other Requests …

Doing business in Nigeria is easy if business promoters are properly guided on the requirements for company incorporation, licensing procedures, applicable taxes and related costs. For example, as parts of the efforts of the Federal Government of Nigeria to promote investment opportunities, the Business Facilitation …

The Ministry of Home Affairs and Tourism (“Ministry”) of the Lagos State Government has renewed the operational licence for digital lending business for our client, Igho Finance Limited. This renewal of the digital lending licence is a confirmation of the company’s compliance with regulatory standards …

On 2nd of August, 2023, the Federal Competition & Consumer Protection Commission (“FCCPC”) issued a new directive that all previously approved digital money lenders in Nigeria must revalidate the information they submitted to the FCCPC. The foregoing means that existing loan companies in Nigeria must …

Federal Competition & Consumer Protection Commission (FCCPC) has permanently delisted three digital loan Apps belonging to Orange Loan Limited, Purple Credit Limited and another company which are licensed as approved Digital Mobile Lenders (“DMLs”) in Nigeria. According to the Commission, the deleted loan Apps were …

Cash transfers to wrong bank accounts or unintended recipients are common in Nigeria. In fact, since the advent of online/mobile banking, the number of wrong transfer cases in the country has increased. Most of them were irrecoverable due to several considerations relating to the cost …