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 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 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…
First, let’s consider the scenarios below: A Whatsapp between Charles and Sandra: Sandra: That your friend Amara is a prostitute. I heard she slept with Alex and Ikenna last weekend. Even Tobi told me that he has danced in the sheets with her. I’m sure Amara has HIV. Charles: Haha. I believe so oo, that…
The 1999 Constitution Section 47 There shall be a National Assembly for the Federation which shall consist of a Senate and a Houseof Representatives. (Nigeria has a National Assembly which is divided into two parts; The Senate and a House of Representatives) Section 48 The Senate shall consist of three Senators from each State and…
Entering a wrong digit when typing in bank details can instantly change the beneficiary. Same thing can apply when the correct digits are entered but the wrong bank is chosen. You can read more about mobile money and how is it governed here. While checking the beneficiary name can easily solve this, however as humans errors are sometimes unavoidable. Given the…
People who complain about taxes can be divided into two classes: men and women. Anonymous We can all agree that paying tax is something that people have complained about for centuries. The famous line, ‘Is it lawful to pay taxes to Ceaser?’ easily comes to mind. This begs the question, what are taxes and why should…
Introduction Consider this for context: Sikiru Alade was born in Nigeria in 1975. He was self-employed as a panel beater in Lagos before his arrest. On or about March 9th, 2003, Sikiru was arrested near the old Lagos toll gate area by a plain clothes police officer, who neither disclosed his identity nor gave any…
