Monthly Archives: January 2013

Hire-Purchase Act and Its Monetary Limit on Goods Other than Motor Vehicles

In continuation of our discussion on the issues to consider in the efforts towards the reform of the Hire-Purchase Act, Cap H4, Laws of the Federation of Nigeria 2004 (HPA) [see here], in this article we shall review the monetary

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Partnership Agreement: Transnational Corporation of Nigeria Plc and General Electric

In an announcement made today by the Nigerian Stock Exchange [see here], it was confirmed that Transnational Corporation of Nigeria Plc (Transcorp) have signed an agreement with General Electric (GE) to collaborate in addressing the infrastructural challenges of Nigeria with

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Corporate Governance: How the problem started.

The corporate governance challenges companies face today is real. In spite of all the reform efforts, it still appears as if not much is being done to address the problems adequately. Do you think there have been adequate changes in

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Sale of Goods Act Reform: Reconciling the Provisions on the Examination and Acceptance of Goods

This article is another article in the series of articles highlighting possible reform issues in respect of the Sale of Goods Act 1893 presently in force in Nigeria. The two previous articles on the issue are available here and here.

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Companies and Allied Matters Act: The fate of alternate directors

There is a present uncertainty regarding the position of alternate directors in Nigerian company law. Before the coming into force of the Companies and Allied Matters Act, Cap C20, Laws of the Federation of Nigeria 2004 (CAMA), it was not

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ICSI to develop corporate governance rating model

It has been reported by the Hindu Business Line [see here] that the Institute of Company Secretaries Institute (ICSI) of India is planning to develop a model of corporate governance rating. In doing so, the Institute plans to build on

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Code of Corporate Governance in Nigeria 2011 and International Best Practices on Corporate Governance: Board composition

In this second part of this series reviewing specific provisions of the Code of Corporate Governance in Nigeria 2011 (2011 SEC Code) issued by the Securities and Exchange Commission, we shall be considering the provisions of the 2011 SEC Code

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Independent Directors: How many should be on a board?

In the past couple of weeks, we have been discussing the inadequacies in the provisions of the corporate governance codes presently in force in Nigeria as far as independent directorship is concerned [see here and here]. [sociallocker] Another issue that

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Repossession in the Hire-Purchase Act: Issues for Consideration

The present efforts towards the reform of the Hire-Purchase Act, Cap. H4, Laws of the Federation of Nigeria 2004 (HPA), has been hailed. [See here.] Certainly, there are several issues in the HPA which require attention and which any reform

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Sale of Goods Act in Nigeria and its Market Overt Exception

This article is a follow-up to the one last week [see here] which highlighted the necessity for a home-grown Sale of Goods Act being made for Nigeria. In this and subsequent articles on the Sale of Goods Act, we shall

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Companies and Allied Matters Act: A score and three years yet not much to cheer

[easyazon_image add_to_cart=”yes” align=”left” asin=”B00D3WQMVI” cloaking=”default” height=”160″ localization=”default” locale=”US” nofollow=”default” new_window=”default” src=”http://ecx.images-amazon.com/images/I/51UWFjHzSIL._SL160_.jpg” tag=”thecorpro-20″ width=”160″]When the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria 2004 (CAMA) was first promulgated as Decree No. 1 of 1990, it was

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Code of Corporate Governance in Nigeria 2011 and International Best Practices on Corporate Governance: Chairman-CEO Duality

The Code of Corporate Governance in Nigeria 2011 (2011 SEC Code) issued by the Securities and Exchange Commission and which became effective on 1st April, 2011, can be said to be the most comprehensive corporate governance legislation in Nigeria at

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