Category: Regulatory Compliance
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Can a Seller of Land Accept Cash as Payment in Real Estate Transactions? Lessons from the Supreme Court’s Decision in Aliyu v. FRN (2026) LPELR-83493(SC)
Introduction A recurring question in Nigerian real estate practice is whether a seller of land can lawfully accept cash payment from a buyer for the transfer of property. For decades, many Nigerians, both buyers and sellers, have treated cash as a routine medium of exchange in property deals without giving any thought to the legal…
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A Guide to Managing the Affairs of Individuals Lacking Mental Capacity: A Review of the Lagos State Mental Health Law, 2019
There are several instances where an individual who was previously medically fit suddenly becomes mentally unfit due to a health challenge or substance abuse. In such situations, it is not uncommon for certain relatives who have access to the individual’s assets to take undue advantage of their position to the detriment of the individual and…
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A Data Privacy Breach is Now Enforceable as a Constitutional Right: An Analysis of the High Court of Lagos State’s Judgment in Bonje v Guaranty Trust Bank Plc, Suit No: LD/18950MFHR/2024 (Unreported)
Introduction Following the gains made by the Nigeria Data Protection Regulation 2019 towards creating an enforceable legal framework for the protection of data privacy rights in Nigeria, the Nigerian Legislature enacted the Nigeria Data Protection Act 2023. The Nigeria Data Protection Act 2023 (subsequently referred to as the “NDPA 2023” or “the Act”) strengthens privacy…
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WHEN SHOULD YOU AMEND YOUR COMPANY’S MEMORANDUM AND ARTICLES OF ASSOCIATION (MEMART)? TRIGGERS YOU’RE LIKELY IGNORING
INTRODUCTION For many companies, the Memorandum and Articles of Association (“MEMART”) is drafted at incorporation and rarely revisited. Yet under the Companies and Allied Matters Act (CAMA) 2020, it remains the backbone of a company’s identity, governance, and operations. As businesses grow through capital raises, restructuring, or expansion, their MEMART must grow with them. An…
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CAN THE LAGOS STATE REAL ESTATE REGULATORY AUTHORITY (LASRERA) BE THE GAME-CHANGER IN RESOLVING REAL ESTATE DISPUTES IN LAGOS STATE?
INTRODUCTION Disputes arising from real estate transactions are quite common in Lagos State, as real estate is regarded as one of the major forms of investment. Most of these disputes involve developers who have failed to deliver properties to subscribers within the agreed-upon timeline, vendors who sell properties to multiple buyers, agents who defraud potential…
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Do You Require a Planning Permit to Embark on the Renovation of a Property in Lagos State?
Introduction: Many property owners or developers in Lagos State are unaware of the crucial legal difference between repair work and renovation work on a property. This common misunderstanding has unfortunately resulted in some property owners incurring substantial penalties from the Lagos State Government for commencing renovation works without the required permit. In this article, we…
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THREE REGULATORY RISKS TO BE AWARE OF UNDER THE COMPANIES AND ALLIED MATTERS ACT (CAMA) 2020
Introduction: In Nigeria, registering a company with the Corporate Affairs Commission (“CAC”) is only the first step towards building a compliant business. With the CAC rigorously enforcing the provisions of the Companies and Allied Matters Act (CAMA) 2020 and the Corporate Affairs Commission Regulations 2021, companies must prioritise statutory reporting and disclosure obligations to avoid…
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Assessing The Compliance Of Relevant Organisations With The NDPR
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