On February 1, 2016, amidst numerous opposition from different stakeholders,the Nigerian Electricity Regulatory Commission (NERC) commenced the implementation of the current electricity tariff (MYTO 2015), spiking the cost of electricity by about 45percent. Barely six months later, the Nigerian Electricity Distribution companies (DISCOs)reportedly delivered a letter to the Nigerian Electrical Regulatory Commission (‘NERC’)demanding an increase … More The Tariff Conundrum
On June 13, 2016, a 29-year-old; Omar Mateen, an alleged ISIS operative perpetrated yet another ruthless mass shooting in Orlando, Florida, United States of America. The massacre left 50 dead and 53 wounded at the ‘Pulse’ Gay nightclub and this act has been unanimously condemned by all; however, the legal regime that permitted the use … More Firearms : A right to bear one or keep one?
It feels like just yesterday that the exchange rate was N150 to a Dollar. The songs of many remain, had I known then what I know now, I would have converted the little savings I had at every point in time to Dollars. To think that my peanuts of yesterday would be worth more than … More The Naira Float- a solution to the Foreign Exchange Conundrum?
I am sure we must all be familiar with the social media platform Snapchat, which has gained popularity across the globe for providing users with an avenue to upload videos capturing moments in their lives, and customize same with weird visual filters and story lines. The platform offers a vast range of innovative features distinguishing … More SNAPCHAT- A thin line between fun and mishap
A pregnant lady in her third trimester boards a flight against her doctor’s advice. She is travelling to a country where she hopes to give birth. Somewhere over the Atlantic Ocean, her water breaks and she sets into labor and delivers the baby on board. Considering that the new born baby is born over … More Sky-babies and the issue of citizenship
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu recently announced that the government will undertake a review of all the licenses issued between 2002 and 2014 in a bid to ascertain the active ones from the inactive ones. He has stated that the inactive licenses will be revoked if it has not achieved … More The Revocation of Unused Refinery Licenses
Offshore trusts are typically governed by the laws of the Offshore jurisdiction which provide the frame-work for the terms of the trust deed or instrument. An Offshore Trust is a legal entity created by an individual (the “settlor”) in another jurisdiction other than his or her country of domicile, whereby all his assets are transferred … More Are All Offshore Trusts Illegal? Panama Papers and theQuestionable use of Offshore Entities
Mr. Olawale Adebambo, Partner, Perchstone & Graeys, speaks at the forthcoming 1st International Chamber of Commerce (ICC) Africa Regional Arbitration. Olawale, who heads the firm’s Compliance and Corporate Governance Portfolio and co-leads its Energy and Natural Resources work will be speaking at the 1st International Chamber of Conference (ICC) Africa Regional Arbitration conference, scheduled … More International Chamber of Commerce (ICC) Africa Regional Arbitration
For weeks now, Nigerians have been grappling with the high cost of tomatoes. Initially, a lot of people thought this was due to the recent removal of the petroleum subsidy but further investigations revealed that it was due to the invasion of the pest known as Tutaabsoluta, otherwise known as “Tomato Ebola”. The Minister of … More Bring Back Our Tomatoes
It is common knowledge that the former minister,Petroleum Minister- Mrs Deziani Allison Madueke,has been linked with several corruption allegations worth billions of dollars; therefore,most Nigerians will expect some form of closure in the corruption saga that surrounds her. Consequently, a civil rights group known as the socio-economic right accountability project (SERAP) called on the president … More EXTRADITION OF DEZIANI ALLISON MADUEKE?