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Some acts which constitute money laundering under the act are spelt out in Section 15 of the Act.

Nigerian creditors often resort to various means to recover their debts from debtors and their business partners.

Without doubt, the key objective of the Executive Order No. 6 of 2018 ("EO6" or the "Order"), reflects a major thrust of the administration of President Muhammadu Buhari.

In today's globalized economy, the intricacies of international business transactions have resulted in a marked increase in cross-border economic crimes, including money laundering.

Money laundering is the illegal concealing of money obtained from criminal or illicit activities with the purpose of appearing to have been gotten from a legitimate source.

In the words of the Court, it was "a highly unusual case, although one that draws attention to matters of wider importance".

From the days of the abacus, science and technology has continuously revolutionized every facet of human endeavour from health to commerce and communication.

Nigeria, through the Nigerian Financial Intelligence Unit ("NFIU"), is a member of the Egmont Group of Financial Intelligence Units ("the Egmont Group").

The English Court has upheld a challenge to an US$11 billion arbitration award against Nigeria on grounds that it was obtained fraudulently and "only by practising the most severe abuses of the arbitral process"...

One of the common areas of dispute in commercial transactions is the right of a Mortgagee to exercise its power of sale of a mortgaged property following the Mortgagor's failure to repay a loan.

In Nigeria's evolving business landscape, upholding integrity is critical to achieving sustainable economic development. Corporate ethics form the cornerstone of this aspiration, as businesses that pay lip service...

By its circular dated September 13, 2018 the Central Bank of Nigeria (CBN) released the Regulations on Instant (Inter - Bank) Electronic Funds Transfer Services in Nigeria (the Regulations).

When international organisations and their advisers turn their attention to Nigeria Africa's largest economy and most populous nation the word "corruption" invariably enters the conversation early.

The Federal Government recently raised alarm over the use of "deepfake news to target the Nigeria government and its officials. According to the report, fake news has gotten worse by ...

The Gulf of Guinea has witnessed a significant transformation in maritime security threats, with illegal fishing emerging as a critical challenge following the decline in piracy incidents. This analysis examines how Illegal, Unreported and Unregulated (IUU) fishing has evolved into a major economic and security concern for Nigeria and neighboring West African states, exploring the legal frameworks, enforcement gaps, and systemic weaknesses that enable this lucrative criminal activity to persist despite inte

Fair hearing is a fundamental principle in any justice system, ensuring that everyone gets a chance to present their case and defend themselves. In Nigeria, this concept is not just a legal requirement...

The Central Bank of Nigeria's new rule limiting BVN-linked phone number changes to just once raises critical questions about balancing financial security with data subject rights. As phone numbers serve as essential authentication tools yet remain inherently changeable due to theft, loss, or compromise, this regulatory restriction may conflict with statutory rectification rights under data protection law.

In our previous newsletter, we discussed the provisions of the Central Bank of Nigeria's Guidance on Ultimate Beneficial Ownership which was released following the imminent threat of Nigeria being...