| 1 |
Author(s):
Obagboye Tomi Grace, James Sharon Tolulope.
Page No : 1-10
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The Impact of the Companies and Allied Matters Act 2020 on Corporate Governance in Nigeria.
Abstract
President Muhammadu Buhari in 2020 signed the Companies and Allied Matters Act, 2020 (CAMA 2020), and the CAMA 2020 is expected to be a step in the right direction towards reforming and improving Nigeria’s business environment and reducing regulatory hurdles. The CAMA 2020 which repealed and replaced the Companies and Allied Matters Act, 1990 is also projected to impact positively on corporate governance practices and procedures in Nigeria and this has received increased attention in the new CAMA. This is due to the concerted efforts aimed at inculcating the principles of transparency, accountability, and fairness in running the affairs of public and private companies and also to curb the high-profile scandals involving abuse of corporate powers by key corporate stakeholders using corporate entities. This paper highlights the impact of CAMA 2020 on the corporate governance in Nigeria.
Key words: Impact, CAMA 2020, Corporate Governance, Nigeria
| 2 |
Author(s):
Sado Raphael Oshiobugie, Ikeotuonye Chiadika Matilda, Egolum Charles Chukwunwike.
Page No : 11-24
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Examination of Current Practices, Challenges and Strategic Reforms for Probate Tax, Governor’s Consent, and Stamp Duty in Anambra State.
Abstract
This research examines the critical components of property law administration in Anambra State, focusing on probate tax, governor's consent, and stamp duty. These mechanisms are vital for ensuring lawful property administration, transfer, generating government revenue, and maintaining the integrity of legal documents. The study highlights the significance of these elements in the socio-economic development of the region and their impact on property transactions and inheritance. Through a detailed analysis of current practices, challenges, and inefficiencies, the research identifies major issues such as bureaucratic delays, high costs, lack of public awareness, and enforcement inefficiencies. The study utilizes a sample size of 400 respondents, including property owners, legal practitioners, and government officials, to gather data on their experiences and perceptions. The findings reveal significant non-compliance and evasion, exacerbated by complex procedures and opaque processes. To address these challenges, the research proposes strategic reforms including simplification of procedures, leveraging technology, enhancing public education, and introducing stricter penalties for non-compliance. These recommendations aim to improve efficiency, transparency, and compliance in property law administration, thereby promoting economic development and orderly land use in Anambra State.
| 3 |
Author(s):
S. T. James.
Page No : 25-35
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A Critical Analysis of Standards of Practice for the Family Mediator in Nigeria.
Abstract
Family disputes are particularly peculiar because of the ties between the parties involved. The settlement of such conflicts requires a resolution mechanism that not only decides the rights and obligations of the parties but addresses the root causes of the dispute and preserves their relationships. This is mediation's forte – settling disputes and addressing the root cause of disputes. Concerning family disputes, mediation plays a significant role. This article finds that mediation is a practical and effective tool for family dispute resolution and makes recommendations for its wider adoption and use in Nigeria.
| 4 |
Author(s):
S. T. James.
Page No : 36-53
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Issues and Challenges in the Grant of Probate in Nigeria.
Abstract
The reality of death and the inevitability of retirement due to old age makes it is essential to establish a comprehensive estate plan to avoid the potential for disputes and financial uncertainty that can result from poor planning. The main objectives of estate planning entails clarifying one's financial and personal affairs, ensuring the well-being of loved ones, and reducing the burden of estate taxes. The ultimate goal is to create a comprehensive plan that outlines how one's assets will be managed, distributed, and passed down to beneficiaries, both during life and after death. This involves anticipating future challenges, such as illness, disability, or retirement, and taking steps to mitigate their impact. It also means ensuring that property is transferred to the intended individuals, rather than unintended ones, both before and after death. Additionally, estate planning allows for the appointment of guardians for minor children in the event of death or incapacitation, providing peace of mind for families. By doing so, individuals can achieve a range of benefits, including greater control over their legacy, financial security and emotional peace.
Everyone desires to exit this world peacefully. It is also everyone’s desire that there will be peace after their death especially as regards the devolution of their estate.
As death is a certainty, what becomes of the property and assets of the deceased individual after they pass away? Are there complexities in the administration of the estate of the deceased? These will be closely examined in this paper.
| 5 |
Author(s):
Aderonke E. Adegbite, Adeola Isiaka Odetunde.
Page No : 54-68
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A Legal Examination into Eradication of Street Begging in Nigeria.
Abstract
A common problem firmly ingrained in the social scene of Nigeria, street begging is marked by great poverty rates and notable inequalities. Though one of Africa's biggest economies, about half of Nigeria's people live in abject poverty, which forces many to turn to begging as a survival tactic. Cultural customs, especially the Almajiri system in Northern Nigeria, aggravate this phenomena by forcing young people who lack support systems to beg. This paper looks at the fundamental reasons of street begging, evaluates the efficiency of present legal systems, and suggests all-encompassing solutions to handle the problem. By means of a qualitative analysis of extant literature, legal frameworks, and case studies in addition to comparative evaluations of successful interventions in other nations, the study reveals that current anti-begging laws are often punitive and poorly implemented, failing to address the underlying causes of begging. The results underline the need of a coordinated approach combining social welfare programs, vocational training, and community support to offer those impacted sustainable substitutes. In the end, the research emphasizes the need of moving from punitive policies to a more sympathetic and all-encompassing plan that gives prevention, protection, and rehabilitation first priority. Through the addressing of the socioeconomic elements causing street begging, Nigeria may create a more inclusive society and enhance the quality of life for its most vulnerable groups, so supporting national stability and growth.
| 6 |
Author(s):
Oladipupo AbdulMalik Olalekan.
Page No : 69-79
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Blockchain Technology and Anti-corruption Measures in the Setting of Public Administration in Nigeria.
Abstract
This paper analyzes the junction between blockchain technology and anti-corruption measures in the setting of public administration in Nigeria. The research is inspired by the continuous difficulties of corruption within the space of Public Administration in Nigeria and the rise of blockchain technology as a possible technical solution. The theoretical framework gives a foundation for comprehending corruption within public administration, offering a basis for quantifying its effect. An analysis of existing anti-corruption efforts in Nigeria sets the foundation for analyzing the strengths and limits of present techniques. The literature critically evaluates worldwide trends and case studies linked with the use of Blockchain technology in public administration and public service delivery. This section goes into the possible advantages and hazards connected with employing blockchain technology to fight corruption. Drawing on theoretical and practical insights, the study attempts to give a complete understanding of the revolutionary potential of Blockchain technology within the Nigerian environment. Analysis is given via an examination of perceptions of corruption in public administration in Nigeria and an evaluation of the efficacy of existing anti-corruption efforts. The research also explores the knowledge of Blockchain technology and its potential for anti-corruption applications, addressing problems and impediments to adoption. An in-depth examination of the possible effect of Blockchain technology on transparency, accountability, and efficiency is undertaken, considering the legal and regulatory context for Blockchain technology adoption in Nigeria. The discussion and suggestions section formulates solutions for resolving concerns and managing dangers related with Blockchain technology -based anti-corruption tools. Policy and legal frameworks are suggested to facilitate safe and transparent Blockchain technology transactions within the area of public administration. Emphasis is made on institutional capacity development and public awareness activities to promote a complete grasp of Blockchain technology and its anti-corruption applications. The study finishes by summarizing significant results, detailing implications for policy and practice, and adding to the current discourse on transparency and accountability in public administration via the creative lens of Blockchain technology.
| 7 |
Author(s):
Ibekwe Emmanuel Chidi, Kolapo Omidire (Prof.).
Page No : 80-87
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The Resource-Backed Lending Model: An Economic Limitation to Sovereignty of Developing States.
Abstract
The 21st century developing and under-developed economies are being relegated to the status neo-colonial states. Developed economies like China, Russia and United States of America are really in the scramble for more neo-colonial states, mostly in Africa. This has presented itself through the economic relationship among states. The economic relationship under consideration here, is taking new turns with emerging global trends and the desire of developing states to alleviate or eradicate poverty. The economic relationship between developed and developing states has grown from exchange of goods and investment to the execution of infrastructure loan on the understanding that the receiving states (borrower in this instance) shall mortgage its local resources to secure the loan. This is clearly the greatest limitation to the sovereignty of developed states under the guise of business agreements.
The objective of this article is to examine a number of resource-backed lending system between developed and developing states, delving more into the business relationship between China and Nigeria, this examination is further related to the relationship between China and states like Angola and Congo. The question sought to be answered is whether this system has proved to be beneficial or detrimental to the sovereignty of developing states is considered in this study. This is done by examining the Nigeria-China Bilateral Investment Treaty and the $400 million Loan Agreement (“Loan Agreement”) executed by the Ministry of Finance on behalf of Nigeria and the Export –Import Bank of China for the Nigeria National Information and Communication Technology (ICT) Infrastructure Backbone Phase II Project in 2018.
