Author: Lawbreed Limited

To understand the new smart watched and other pro devices of recent focus, we should look to Silicon Valley and the quantified movement of the latest generation. Apple’s Watch records exercise, tracks our moves throughout the day, assesses the amount of time we are stood up and reminds us to get up and move around if we have been sat for too long – let’s not forget Tim Cook’s “sitting is the new factor” line. Diana saves Steve Trevor who has crashed on Themyscira. He warns her of the great war, World War I, raging across the globe. Wonder Woman…

Sternford Moyo, Chairman and Senior Partner of law firm Scanlen and Holderness, is the new President of the International Bar Association (IBA). Hailing from Zimbabwe, Mr Moyo is the first IBA President of African descent in the history of the 74-year-old organisation. He succeeds Brazil’s Horacio Bernardes Neto with a two-year tenure through to 31 December 2022. Mr Moyo has held numerous senior IBA roles, including: Council Member, Management Board Member, Advisory Board Member and Chair of the African Regional Forum, Deputy Secretary-General for Southern Africa, Co-Chair of the International Bar Association’s Human Rights Institute (IBAHRI), Trustee of IBA-established entities, such as the Southern Africa Litigation Centre and eyeWitness…

The Finance Bill 2020 has been signed into law. The new law introduces over 80 amendments to 14 different laws and takes effect from 1st January 2021. Below are some of the key changes introduced by the Finance Act 2020. Compensation for loss of office up to N10m exempted from capital gains tax. Tax due on excess above N10m is to be deducted by the payer and remitted within the time specified under the PAYE Regulations. Minimum tax for companies in respect of returns for years of assessments due between 1st Jan 2020 and 31st Dec 2021 has been reduced from 0.5% to…

The Nigerian Bar Association has released the notice of 2021 Annual Bar practicing Fees and its attendant benefits. The Association made this known in a statement signed by the president, Mr. Olumide Akpata to all Nigerian Lawyers. Read the full statement below: 4 January, 2021 To: All Lawyers in Nigeria Distinguished Colleagues, PAYMENT OF 2021 ANNUAL BAR PRACTICING FEES AND ATTENDANT BENEFITS It is with joy that I write to you all today. I am grateful to our Maker for keeping us all alive and in health to witness a new year, the challenges of the past year and the…

This is to inform our esteemed customers and the general public that in line with our implementation plan for Companies and Allied Matters Act (CAMA) 2020, the Commission has upgraded its registration software to accommodate the changes introduced by the new law on existing entities. The upgrade will also enable all customers to do all post registration filings electronically. Further to this, the Companies Registration Portal will not be available from the 28th December 2020 to 3rd January, 2021, to allow for seamless migration to the new platform. All customers with pending applications should endeavour to conclude same on or…

The Minister of the FCT, Mr. Muhammad Bello has dragged Hon. Justice G.C. Aguma of the River State High Court, before the NJC alleging amongst other things, the improper use of Judicial powers, precisely in a garnishee proceeding against the Honourable Minster and 2 others, to the tune of ‘Three Hundred And Twenty Nine Billion Naira (N329, 000, 000, 000). The petition titled ‘Petition against Hon. Justice G. C. Aguma in Respect of Suit No; BHC/18/CS/2020, BHC/19/CS/2020, BHC/20/CS/2020, BHC/21/CS/2020, BHC/22/CS/2020, BHC/23/CS/2020’; is dated the 20th day of November, 2020. The petition noted that the major parties in the dispute in…

The Federal High Court in Asaba, Delta State, has declared the deduction of N50 as stamp duty on teller deposits or electronic transfer of funds illegal. The court, presided by Nnamdi Dimgba, gave the verdict in a case between a businessman, Rupert Irikefe, and the Central Bank of Nigeria, Zenith Bank, and the Attorney General of the Federation. A copy of the court judgement shows that it was delivered on Thursday, December 9. The judge also condemned how agencies of government treat court judgements with contempt in recent years. The Case Details of the judgement showed that Mr Irikefe, the…

The Nigerian Army has canceled the remaining activities in the ongoing Chief of Army Staff’s annual conference 2020 after a participant died in Abuja, on Tuesday. The victim, identified as Maj. Gen. John Irefin, the General Officer Commanding, 6 Division, Port-Harcourt, Rivers State, reportedly died of complications from COVID-19. A senior military officer confirmed Irefin’s death to The PUNCH on Thursday, describing it as devastating. The acting Director, Army Public Relations, Brig. Gen. Sagir Musa, in a statement on Thursday, said all the conference participants had been directed to immediately proceed on self-isolation in line with the protocol for COVID-…

A FEDERAL High Court in Abuja has suspended further proceedings in the trial of former Chairman of defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina, until December 21, 2020. Justice Okon Abang announced the suspension on Thursday after Maina slumped from the chair on which he sat during proceedings. At the mention of the case, Maina, who had sat close to some of his relatives, moved to a chair close to the dock in front of the courtroom. Lead prosecuting lawyer, Farouk Abdullah, told the court that the case was scheduled for the defence lawyer, Anayo Adibe, to argue his…

The Federal High Court sitting at Port Harcourt, has dismissed a suit filed against a Port Harcourt based company, Dandico Woodman Nigeria Limited (DDNL) for want of jurisdiction. This contained in a ruling dated 3rd November, 2020 delivered by Honourable Justice J. K. Omotosho The Claimant, Asset Management Corporation of Nigeria had in the suit numbered FHC/PH/MISC/40/2017, claimed against Dandico Woodman Nigeria Limited and its director and prime promoter, Chief Daniel Orji, the sum of N102, 154, 979.76 being the current outstanding exposure of the loan granted to Dandico Woodman Limited as at January 2018 and guaranteed by Chief Daniel…