Uncategorized

MICRO -FINANCE BANKS (MFB’s) AND THE NIGERIAN ECONOMY

Introduction Microfinance is on the political agenda of most developing countries, with several success stories. In Nigeria, the concept of micro-finance is not an entirely new phenomenon, as evidenced by cultural and economic activities such as the “Esusu”, “Adashi”, and “Otataje”, which were practiced to provide funds for local producers in rural and urban communities… Continue reading MICRO -FINANCE BANKS (MFB’s) AND THE NIGERIAN ECONOMY

Uncategorized

A Guideline to the Registration Of Incorporated Trustee In Nigeria

Incorporated Trustee is simply a corporation held in trust of another. It is commonly used for the formation of non-profit organizations. The registration of incorporated trustees in Nigeria, is governed by Part C of the Companies and Allied Matters Act (CAMA). According to Section 590 (1) of CAMA, the registration is described as follows: where… Continue reading A Guideline to the Registration Of Incorporated Trustee In Nigeria

Current Legal Affairs · Know your Rights

THE RELAUNCH OF “LAW AT A CLICK”

Just click! It’s supposed to be this easy to get information on the law. Unfortunately, in Nigeria, our laws are buried inside a myriad of dusty statute books, difficult to read case-law encapsulated in a multi-layered federalism system. Sometimes it’s difficult to truly figure out what the law says about simple things like how to… Continue reading THE RELAUNCH OF “LAW AT A CLICK”

Business

Business Name vs Incorporated Company (Part 2)

(Cont. from Part 1)… In addition to the above, the following are instances in which the registration of a business name would be unnecessary: where the addition merely indicates that the business is carried on in succession to a former owner of the business; where two or more individual partners have the same surname and… Continue reading Business Name vs Incorporated Company (Part 2)