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CRYPTOCURRENCIES, TAXES AND NIGERIA

The digital world is here to stay. It is the new normal. This realization was responsible for the conclusion of the OECD that the digital economy cannot be ringfenced for tax purposes as digitalization has imprinted virtually every sector of the world’s economies.

CONSTITUTION AMENDMENT BILL NO. 19, 2022 AND SWIFT ADMINISTRATION OF JUSTICE IN NIGERIA: A COMMENTARY.

The Constitution of the Federal Republic of Nigeria (Fifth Alteration) Bill No. 19, 2022 (“the Bill”) sought to amend Chapter VII, Part IV of the Principal Act (the 1999 Constitution), by inserting after the existing section 287, a new section ‘287A’, that will comprise 10 (ten) clauses. Clause 2 of the Bill proposed to mandate every trial superior court of record to deliver judgment on a matter before it, within 270 days (about nine months) from the date of the filing.

REVIEW OF THE NIGERIA START-UP BILL, 2021 (HB. 1886)

According to Clause 2, the Bill clearly defines its scope as applying to companies incorporated under the Companies and Allied Matters Act, 2020 (“CAMA”) and registered as start-ups per the provisions of Clause 13 of the Bill, and also organisations whose activities affect the creation, support and incubations of labelled start-ups in Nigeria. Non-technology companies, holding companies or subsidiaries of

Clarifying The Data Protection Obligations Of Cloud Providers And Cloud Customers In Nigeria

It is generally assumed by some cloud customers in Nigeria that since they do not provide the cloud service, they have no compliance obligation if the cloud service is used to process the personal data of individuals in Nigeria. But as will be explained below, this is incorrect and not always the case according to the provision of the Nigerian Data Protection Regulations 2019 (NDPR) issued by the National Information Technology Development Agency (NITDA).

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