Governance – SSKOHN – Streamsowers & Kohn

Articles Corporate Law GovernanceKEY HIGHLIGHTS OF THE CODE OF GOVERNANCE FOR NOT-FOR-PROFIT ORGANISATIONS 2023

The Not-For-Profit Governance Code (“NFPGC” or the “Code”) 2023, is an initiative of the Technical Working Group (TWG), constituted by the Nigerian Ministry of Industry, Trade, and Investment, which aims to provide a comprehensive framework for governance in Nigeria in not-for-profit organisations (“NFPOs”).1 The NFPGC defines NFPOs as organisations that provide services to the community or a defined group of constituents or members and do not operate to make a profit for

Articles GovernanceData Protection Law or an Independent DPA are Prerequisites for a Positive Adequacy Decision in Nigeria

On 28 November 2023, the Federal High Court (the Court) delivered its judgment in the case of Ikigai v National Information Technology Development Agency Suit No. FHC/ABJ/CS/1246/2022. The Plaintiff, Ikigai, a non-profit organisation, requested the Court to interpret the provisions of the Nigerian Data Protection Regulations 2019 (NDPR) and

Articles Governance0REGULATION OF DIGITAL LENDING PLATFORMS BY THE FCCP COMMISSION – AN ANALYSIS OF THE GREY AREAS

The Nigerian financial services industry has experienced significant growth in the last couple of years, due largely to the entry of an increased number of Fintech companies into the market. Nigerian Fintech companies provide innovative cutting-edge products to their customers mostly through the internet, which have in turn improved financial inclusion, especially for the unbanked in Nigeria.

Articles Governance Law and OrderConstitution (Fifth Alteration) Bill 2023

On Friday, 17 March 2023, President Mohammadu Buhari assented to the Constitution (Fifth Alteration) Bill, 2023. Exactly a year ago, the House of Representatives and Senate approved forty-four of the sixty-seven constitution alteration bills presented without differences and transmitted them to

Articles Governance0THE NIGERIAN DATA PROTECTION BUREAU ISSUES A DRAFT CODEOF CONDUCT FOR DATA PROTECTION COMPLIANCE ORGANISATIONS

Under the Nigerian Data Protection Regulations 2019 (NDPR), a Data Protection Compliance Organisation (DPCO) is ‘any entity duly licensed by [the Nigerian Data Protection Bureau] for the purpose of training, auditing, consulting and rendering services and products for the

Articles Corporate Law Governance0A ROADMAP TO TECHNOLOGICAL INCLUSION (NIGERIA STARTUP ACT, 2022)

The Nigerian Startup Act, 2022 (the “Act”) was signed into law by President Muhammadu Buhari on 19 October 2022. The Act aims to provide a legal and institutional framework for the development of startups in Nigeria by providing an enabling environment for the establishment, development, and operation of startups in Nigeria, providing for the development and growth of technology-related talent, and positioning Nigeria’s startup ecosystem as the leading digital technology centre in Africa, having excellent innovators with cutting edge skills and exportable capacity.

Articles Corporate Law GovernanceREVIEW 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

Articles Governance Law and OrderA SUMMARY OF THE LEGISLATIVE PROCESS IN NIGERIA

Most modern government is made up of three arms working together - namely the Executive, the Judiciary, and the Legislature. The Executive arm is responsible for implementing the laws made by the Legislature and enforcing same, the Legislature is responsible for making the laws, and the Judiciary is responsible for interpreting the law.

Articles GovernanceClarifying 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).

Articles Governance Law and OrderEnforcement of Foreign Judgements 2022

Is your country party to any bilateral or multilateral treaties for the reciprocal recognition and enforcement of foreign judgments? What is the country’s approach to entering into these treaties, and what, if any, amendments or reservations has your country made to such treaties?

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