FINANCE AND BUSINESS LAW

Finance and Business are the drivers of most economies. The package of our financial and business practice starts with legal advisory. We advise intending, fledgling and veteran investors and businesses. We also prepare, vet or review contractual papers and proffer seasoned tax advice for optimal efficiency.

We have acted on behalf of Revenue Boards to recover taxes in billions and have recovered billions of Naira for the Asset Management Corporations too. We also leverage on our good relationship with tax and debt recovery agencies to broker concessions and walkouts for individuals or corporate clients with staggering tax or debt profile.

We have represented bankers and bank customers in banking transactions. We have successfully conducted garnishee proceedings, even with the coming into force of the Treasury Single Account (TSA) policy.

For the purpose of promoting identified strategic or major investment, the Commission shall, in consultation with appropriate Government agencies, negotiate specific incentive packages for the promotion of investment as the Commission may specify.Section 22, Nigerian Investment Promotion Council Act, Cap. N117, LFN 2004

Subject to this section, a foreign investor in an enterprise to which this Act applies, shall be guaranteed unconditional transferability of funds through an authorised dealer, in freely convertible currency, of-

a:         dividends or profits (net of taxes) attributable to the investment;

b:         payments in respect of loan servicing where a foreign loan has been obtained; and

c:         the remittance of proceeds (net of all taxes), and other obligations in the event of a sale or liquidation of the enterprise or any interest attributable to the investment.Section 24, Nigerian Investment Promotion Council Act, Cap. N117, LFN 2004