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Snapshot: debt commitment letters and acquisition agreements in Nigeria

Nigeria - March 31 2020 A look at the key terms and features of debt commitment letters and other documentation relevant to acquisition financings in Nigeria.

Amaka Okagbue, Seyi Bella.

First-step analysis: acquisition finance in Nigeria

Nigeria - March 31 2020 A Q&A guide to acquisition finance in Nigeria, covering the general structure of financing, guarantees and collateral, acquisition agreements, enforcement of claims and more.

Amaka Okagbue, Seyi Bella.

Is a lien placed by FIRS on a taxpayer’s bank account a valid encumbrance against garnishee order?

Nigeria - February 27 2020 The propriety of an administrative notice issued by the Federal Inland Revenue Service (“FIRS”), directing a bank to freeze an account of a customer…

Abimbola Akeredolu, Emmanuel Onyeabor, Kemi Ajayi, Ken Etim, Oluwatoba Oguntuase.

Creation of the AfCFTA: Tax Leaks and Economic Implications for Nigeria

Africa, Nigeria - February 3 2020 Forty-four (44) member states of the African Union (“AU”) signed the Agreement, which established the African Continental Free Trade Area (“AfCFTA”)...

Abimbola Akeredolu, Emmanuel Onyeabor, Kemi Ajayi, Ken Etim, Oluwatoba Oguntuase.

Proper exercise of the powers of the FIRS to freeze defaulting taxpayers’ accounts and appoint banks as tax collecting agents

Nigeria - January 21 2020 Section 31(1) of the Federal Inland Revenue Service (Establishment) Act, 2007 (the “FIRS Act”) empowers the Federal Inland Revenue Service (“FIRS” or…

Abimbola Akeredolu, Emmanuel Onyeabor, Kemi Ajayi, Ken Etim, Oluwatoba Oguntuase.