Sometime in February, 2021, the Central Bank of Nigeria (CBN) pursuant to a CIRCULAR directed all banks to desist from transacting in and dealing with entities dealing in cryptocurrency. The CBN also directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. This directive as contained in a circular…
The 1999 Constitution Section 71 Subject to the provisions of section 72 of this Constitution, the Independent National Electoral Commission shall – (The Independent National Electoral Commission (INEC) shall do the following in line with Section 72 of the Constitution; ) Section 71 (a) divide each State of the Federation into three Senatorial districts for…
The 1999 Constitution Section 69 (a) A member of the Senate or of the House Representatives may be recalled as such a member if – there is presented to the Chairman of the Independent National Electoral Commission a petition in that behalf signed by more than one-half of the persons registered to vote in that…
The 1999 Constitution Section 67 (1) The President may attend any joint meeting of the National Assembly or any meeting of either House of the National Assembly, either to deliver an address on national affairs including fiscal measures, or to make such statement on the policy of government as he considers to be of national…
The 1999 Constitution Section 65 (1)(a)(b) Subject to the provisions of section 66 of this Constitution, a person shall be qualified for election as a member of: a. the Senate, if he is a citizen of Nigeria and has attained the age of 35 years; and b. the House of Representatives, if he is a…
The 1999 Constitution Section 63 The Senate and the House of Representatives shall each sit for a period of not less than one hundred and eighty-one days in a year. (The National Legislature which is made up of the Senate and the House of Representatives, shall convene and perform their legislative duties on one hundred…
The 1999 Constitution Section 60 Subject to the provisions of this Constitution, the Senate or the House of Representatives shall have power to regulate its own procedure, including the procedure for summoning and recess of the House. (The Senate or the House of Representatives will have the right to undertake and supervise any procedure regarding…
The 1999 Constitution Section 59 1(a) The provisions of this section shall apply to: an appropriation bill or a supplementary appropriation bill, including any other bill for the payment, issue or withdrawal from the Consolidated Revenue Fund or any other public fund of the Federation of any money charged thereon or any alteration in the…
The 1999 Constitution Section 58 (1) The power of the National Assembly to make laws shall be exercised by bills passed by both the Senate and the House of Representatives and, except as otherwise provided by subsection (5) of this section, assented to by the President. (The National Assembly has the power to make laws;…
The 1999 Constitution Section 56 (1) Except as otherwise provided by this Constitution any question proposed for decision in the Senate or the House of Representatives shall be determined by the required majority of the members present and voting; and the person presiding shall cast a vote whenever necessary to avoid an equality of votes…
