Customary marriage is marriage conducted in accordance with the laws and customs of a particular tribe, ethnic group or society as the case may be. This article envisages what is generally referred to as engagement, introduction and Nikah in Islam. Whereas in Nigeria, there are diverse ethnic groups and tribes, we have similar customs andContinue reading “NATURE OF CUSTOMARY MARRIAGE IN NIGERIA (ENGAGEMENT/INTRODUCTION AND NIKAH)”
Author Archives: Aluko Adeyemi & Associates
TYPES OF MARRIAGE IN NIGERIA AND THEIR EFFECTS
Marriage and getting married is one of those things in life that an average person believes he understands. It is unfortunate that many people do not very well understand the implication of what they do when they choose a particular type of marriage in Nigeria. As a matter of fact, many people do not even know that there are types of marriage, they just do what is convenient at the time they think it’s time to “take their relationship to the next level”.
GETTING A DIVORCE IN NIGERIA: FACTORS TO CONSIDER
Under the Nigerian law, a marriage can end only in two ways: by the death of a partner or by an order of court dissolving the marriage. In order to dissolve a marriage conducted in a licensed place of worship (church) or marriage registry in Nigeria, this procedure is a must-follow. This process may beContinue reading “GETTING A DIVORCE IN NIGERIA: FACTORS TO CONSIDER”
CONSEQUENCES OF THE NEWLY AMENDED CAMA ON INCORPORATED TRUSTEES (NGOs, Associations and Religious Bodies)
In our previous article, we discussed how the new Companies and Allied Matters Act (CAMA) affects entrepreneurs/business owners and established the fact that what you don’t know can actually kill you (or your business), as ignorance of the law is no excuse.
Now, we will share vital provisions of the amended CAMA that affect incorporated trustees. They are as follows:
HOW THE NEWLY AMENDED COMPANIES AND ALLIED MATTERS ACT (CAMA) WILL AFFECT YOU AS AN ENTREPRENEUR OR BUSINESS OWNER.
President Muhammadu Buhari signed into law the Companies and Allied Matters Act (CAMA) on August 7, 2020. The new CAMA has repealed and replaced the extant CAMA of 1990 and will make Nigeria’s business environment as competitive as its counterparts around the world. This amendment is the first in 30 years and contains some vital amendments that startups and entrepreneurs must be aware and take advantage of.
Since what you don’t know can actually kill you (or your business), we have made a highlight of some of the key and vital provisions below to guide you
SOME LEGAL FACTORS TO CONSIDER BEFORE STARTING THAT BUSINESS
In our previous article, we shared the possibility of launching a business even in this pandemic, and how that you can hit it real big despite the bleak times the entire world is in.
In this article, we’ll be addressing the legal factors you must put into consideration before launching your business. Laws they say, is what makes us different from animals and ignorance of the law has never been, is not and will never be an excuse to violate the laws that guide business operations in Nigeria.
IS THIS REALLY A GOOD TIME TO START A BUSINESS?
Businesses shut down, employees laid off or suspended, remote working, etc. – these and many more are the effects of the Covid-19 Pandemic. There is no doubt that a lot of pockets have been dented and dreams put on hold as a result of this same pandemic, even children are tired of staying at home!
While the idea of starting a business sounds crazy, new businesses are actually springing up, though at a significantly slower rate than before. This begs the question: Is this a really good time to launch new businesses? For aspiring entrepreneurs, the thought of launching a business seems daunting at best and foolish at worst…
YOUR RENT IS RUNNING FAST BUT BUSINESS IS NOT RUNNING WELL OR AT ALL, WHAT SHOULD YOU DO AS A BUSINESS OWNER/ENTREPRENEUR?
Many of our clients who offer non-essential services according to government’s directives, for example, schools and crèches, bars and lounges, e.t.c have been expressing concerns over their rent that is running and business is on a complete halt or has terribly slowed down. They know that in a matter of months or weeks, their landlordsContinue reading “YOUR RENT IS RUNNING FAST BUT BUSINESS IS NOT RUNNING WELL OR AT ALL, WHAT SHOULD YOU DO AS A BUSINESS OWNER/ENTREPRENEUR?”
DID YOU TAKE A LOAN PRE COVID-19 AS AN SME OR STARTUP? YOU SHOULD RENEGOTIATE YOUR LOAN TERMS NOW!
If you’re reading this and you’ve lost your job, your salary has been slashed or you’ve suffered business loss as a result of this pandemic that makes it impossible for you to comply with your loan agreements and repayment plans, my counsel to you is to approach your creditor, be it a commercial bank, micro finance bank or any other money lending outfit and request a renegotiation of your repayment plan.
THE CRIPPLING IMPACT COVID-19 WILL HAVE ON MOST CONTRACTS
It is now no news that Corona Virus, otherwise known as COVID-19 has been declared a public health emergency of international concern by the World Health Organization (WHO) as several nations across the world are suffering from this pandemic. Now the issue this article seeks to address is, what effect or impact will COVID-19 haveContinue reading “THE CRIPPLING IMPACT COVID-19 WILL HAVE ON MOST CONTRACTS”