Thought Leadership
Insights from our Legal Experts
The Quincecare Duty of Care: Lessons for Nigerian Banks & Fintechs
The Quincecare duty is an implied legal duty of care placed on commercial banks, investment banks, fintechs[1] and other financial institutions (“Banks”) to refrain from executing a payment instruction where there are reasonable grounds for believing that, a payment instruction is given dishonestly or that such payment instruction is an attempt to misappropriate customer funds.
Why is the Nigerian SEC Regulating Digital Assets? What Do Fintechs Need to Know?
The Securities & Exchange Commission (the “SEC”) has an inherent economic role of facilitating capital formation, meaning, from an economic standpoint, the SEC is also partly responsible for finding and regulating new and innovative ways by which members of the public pool capital together to invest in and promote economic activity. Within that context, the SEC’s decision to
Registering a Nigerian Venture Fund: Some Key Issues
Nigeria’s venture capital rules do not appear to have been designed to attract modern venture capital. That’s concerning because venture capital fund managers perform an ..
Twitter Suspension in Nigeria: Some Key Policy & Legal Considerations for Web Platforms
Nigeria has no legal or regulatory construct similar to Section 230 (c) (1) & (2)[1]. The implication is that, providers of interactive computer services (“Platforms”) will likely be treated by ..
Client Update: The Constitutional Limitations of the Limited Partnership Laws in Lagos State
April 4, 2017 With the introduction of a pioneer framework for registering Limited Liability Partnerships and Limited Partnerships in Nigeria, Lagos State gain...