The recent directive by the Central Bank of Nigeria for banks to enforce a Cybersecurity levy pursuant to section 44 of the Cybercrime Amendment Act has ignited a fervent debate surrounding the boundaries of legislative power and the protection of federalism. The introduction of a cybersecurity levy on banking transactions has not only raised eyebrows
Continue ReadingNigeria’s new Money Laundering Prohibition and Prevention Act 2022 became law in May. It contains key provisions that are relevant to business startups in the country. The legislation says international transfer of funds or securities to or from a foreign country exceeding $10,000 is to be reported within one day of the transaction. Below are
Continue ReadingRecently the news filtered of the coming of Chinese Doctors into Nigeria for the purpose of treating the outbreak of COVID-19 virus in Nigeria, against many outcry from citizens and medical practitioners alike. This in itself has raised certain Legal concerns on whether or not Chinese Doctors can practice in Nigeria, and the necessary regulatory
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