Tag: consumer law

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Overview of the Asset Management Corporation of Nigeria (AMCON) by Lawson Akhigbe

The Asset Management Corporation of Nigeria (AMCON) represents one of Nigeria’s most significant financial interventions in response to systemic banking distress. Its debt enforcement history reflects a blend of aggressive statutory powers, evolving legislative enhancements, notable operational successes, persistent challenges, and occasional perceptions of uneven application influenced by political or economic factors. Below is a thorough, chronological exploration of AMCON’s enforcement journey, including context, key mechanisms, statistics, notable cases (with nuances around the Ben Murray-Bruce/Silverbird matter), challenges, and broader implications.

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Navigating the Void: Why Nigeria Needs a Corporate Deferred Prosecution Agreement (DPA) Framework

In a standard DPA regime, a company that self-reports and cooperates can avoid the "corporate death penalty" of a criminal conviction. In Nigeria, we are currently forced to rely on the Administration of Criminal Justice Act (ACJA) 2015.
While the ACJA provides for Plea Bargaining, it is a fundamentally different animal from a DPA:

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The Double-Entry Ledger of Suffering: How Nigeria Taxes the Poor Twice and Delivers Nothing Once by Lawson Akhigbe

Reform, when it comes, will be welcomed. The question is whether the reformers are counting the same things Mama Chioma is counting. So far, the evidence suggests they are operating from entirely different ledgers and that only one of those ledgers is written in the ink of lived consequence.

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BEAN TO BRAND, TARIFF TO TRAP by Lawson Akhigbe

Next in Abuja, four governments will do something that sounds, on paper, like a belated act of economic self-respect. Nigeria, Ghana, Côte d'Ivoire and Cameroon between them the source of roughly two-thirds of the cocoa that becomes the world's chocolate will sign the Abuja Declaration and stand up a Cocoa Value Addition Alliance, a coordinated attempt to stop shipping out raw beans and start capturing some of the value that currently accrues, almost entirely, to everyone else. Nigeria will additionally sign its own Cocoa Value Addition Accord, a domestic compact roping in governors, farmer groups, financiers and researchers into the project of turning bean into brand rather than bean into someone else's bar.

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Why your phone ACTUALLY has a two-year warrantee – whatever you network claims – The Mirror

With more and more people buying phones on 2-year contracts, the idea that your warantee only lasts 12 months might well be legal nonsense Your warantee might be more powerful than you think (Image: Rex Features) For the past few years I have been stressing the need for mobile phones to last at least as …

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