There are different arrangements as it relates to employment. It is important to understand the different types of employment statuses that exist, and the differences in obligations for employers and recruiters e.g. wages, and entitlements for each arrangement. This article will explain the different work arrangements and the entitlements under each.
Chief Awolowo and Olusegun Obasanjo exchanged some testy epistles reproduced in Musikilu Mojeed’s The Letterman, in which Awolowo effectively alleged that the appointment of Fatayi-Williams as CJN in 1979 came with an implicit bargain concerning the determination of the election petition of that year. He also suggested that days before the Supreme Court announced the decision on 26 September 1979, Chief Justice Atanda Fatayi-Williams leaked the decision of the Court to General Obasanjo, who desired to be reassured that he could proceed with the inauguration date of 1 October 1979 as planned. Forty-four years later, the current incumbent travelled to India with the assurance of a man who knew that the imminent announcement of the PEPT judgement did not threaten his position.
A notable provision of the Act is the inclusion of legitimate interest as a basis for processing personal data.[5] Legitimate interest comes up in an instance where an organisation needs to process personal data in order to discharge responsibilities related to the business that may not necessarily be justified by a legal or contractual obligation but such processing of personal data can be justified on grounds of legitimate interest. This implies that data controllers and processors can justify the processing on grounds of legitimate interest. e.g. data processing for the prevention of fraud, and employee-employer relationships.
Further, given that the Student Loan Act is to assist poor Nigerians, the stipulation that the applicant must furnish at least two guarantors, each of whom must be a civil servant with at least 12 years of service may be an herculean task for the poor. It may be a big challenge for the poor to get a lawyer with ten years of post-call experience as a guarantor. How is a student who lacks the funds to complete his study going to be able to find a lawyer with ten years of post-call experience to serve as a guarantor? The statute has to be reconsidered because few poor Nigerians will be able to utilize this student loan program as a result of this clause.
The consequence of the amendment is that public companies can no longer appoint a minimum of three (3) independent directors. The new requirement compels public companies to appoint not less than one-third of their board members as independent directors. So, for instance, if an affected public company has 18 members on its board, six (6) of them are required by the amendment to be independent directors. Under the old law, it would have been three (3). The impact of 275 (1) & (2) of CAMA (as amended) is that some public companies may need to replace Non-Executive Directors or Executive Directors on its board with independent directors to maintain the threshold of one-third of the board members provided by the new section 275 of CAMA. Some boards of public companies may lose policy control of their companies.
When dividends are declared, ordinary shareholders are the last set of persons to be paid. The amount paid will differ from one month to another depending on the profits declared by the company. Preferred shares on the other hand, often have a fixed dividend rate specified at the time of issuance. The dividend is usually expressed at a percentage based on the face value or par value of the shares. Unlike ordinary shareholders, preferred shareholders typically receive their dividends before ordinary shareholders receive theirs, and the dividend amount is predetermined and unchanging throughout the duration of that investment.
By Esther Odunze & Collins Okeke On a mission to spur economic integration and growth in Africa, African nations have joined hands to create the African Continental Free Trade Area (AfCFTA). According to Investopedia, a free trade area is a region in which two or more nations have signed a free trade agreement to reduce barriers…
Hot pursuit is the right of a coastal state to continue, outside its territorial sea, contiguous zone, or certain adjacent areas, the pursuit of a foreign vessel that has violated its laws and regulations while in its internal waters or territorial sea, contiguous zone, or certain adjacent areas. The pursuit must, however, have started as soon as the violation occurred and not been aborted.
“Taxable person” includes an individual or body of individuals, family, corporations sole, trustee or executor or a person who carries out in a place an economic activity, a person exploiting tangible and intangible property for the purpose of obtaining income therefrom by way of trade or business or a person or agency of Government acting in that capacity.
In delivering its judgment, the Court of Appeal held that a lawyer or firm of lawyers in private practice provides legal services for a fee, and so are taxable persons bound by sections 1, 2, 14(1), 15(1) and 46 of the VAT Act to pay VAT to the FIRS for legal services they provide. In the words of the Court of Appeal,…
By Mary-Cynthia Okundaye and Yvonne Ezekiel Olisa Agbakoba Legal (OAL) Mergers and acquisitions (M&A) can be a powerful tool for businesses looking to expand their operations, enter new markets, and achieve economies of scale. However, M&A transactions are complex and involve significant risks and challenges. These challenges could be due to a variety of factors, including strategic, financial, and…