The journey towards a clean bill of health: recent developments in Nigeria’s anti-money laundering crusade.

Background Efforts to combat money laundering in Nigeria began in 1995 with the first Anti-money laundering legislation. Since then, there have been enactments and amendments in 2004, 2011, and 2012. Nevertheless, Nigeria is yet to gain the much coveted status of a fully compliant country.

The future of corporate governance in Nigeria: an evolution from principles based to rules based approach.

Background The subject of corporate governance in Nigeria received greater attention after the global financial crisis in 2008-2009. Corporate failures, particularly in the banking industry during the period revealed huge lapses in corporate governance in the affected organisations. Since then, there have been assiduous attempts to enhance corporate governance structures and practices in the country. … More The future of corporate governance in Nigeria: an evolution from principles based to rules based approach.

Consumer rights protection: what the Nigerian Civil Aviation Authority (NCAA) needs to learn from the Nigerian Communications Commission (NCC)

Introduction The Nigerian Civil Aviation Authority is the apex regulatory body for aviation in the country while the Nigerian Communications Commission is its counterpart for the telecommunications industry. Both regulatory agencies of government are involved in regulating two of the most vital industries in the country with the daunting task of ensuring that these industries … More Consumer rights protection: what the Nigerian Civil Aviation Authority (NCAA) needs to learn from the Nigerian Communications Commission (NCC)

How to enhance minority shareholder protection in Nigeria

Introduction The minority shareholder is one without controlling interest in a company. A direct consequence of the majority rule in corporate administration is the fact that the minority shareholders are at risk of exploitation by the majority. Thus, there is need to protect this group of shareholders in order that their interest in the corporation … More How to enhance minority shareholder protection in Nigeria

Overcoming the challenges of doing online business in Nigeria

Background With the advent of the internet, the world has become interconnected by the creation of a whole new environment known as the virtual environment with high speed communication and convergence. This environment has eliminated the barriers to trade, commerce and social interaction which were previously hampered by distance and geographical boundaries. Today we speak … More Overcoming the challenges of doing online business in Nigeria

Much ado about unclaimed dividends

Introduction Recently, the Securities and Exchange Commission (SEC) put the figure of unclaimed dividends in the country at an alarming N60bn[i]. The news has since generated considerable reaction from stakeholders including regulatory authorities and shareholders’ associations. Various reasons have been adduced for the steady increase of unclaimed dividends in the country.