ABSTRACT Banking industry as well as relationship between banks and their customers has undergone tremendous changes with the introduction of information technology. Internet banking and electronic banking both of which are off shoot of information technology are major forms of banking adopted by banking industry. Internet banking which is also known as online banking has become increasingly popular in Nigerian recent years. The reason for this popularity maybe said to be high awareness...
ABSTRACT The crux of this essay was to study the practice of Alternative Dispute Resolution in Commercial Disputes and examined different ADR mechanisms and their strength and weaknesses. The study examined the workability and reality of these advantages and the disadvantages too in the world of commerce with a view to making appropriate recommendations. The research methodology adopted in this study is the library research method. The study relied on primary and secondary sources of infor...
This article proposes viable options to failing entities during the pandemic
One of the incidences of the emergence and growth of the internet and the vast availability of computing devices across countries of the world today is the increase in innovation. New ways of doing things are now on the rise in all spheres of human endeavours, including financing. In time past, banks used to be the exclusive formal avenues through which individuals and businesses source for funds, but with the growth of the internet coupled with the somewhat loss of tastes/dislike for traditi...
This paper refers to a breach of contract which means failure to keep the promises or agreements of a contract and as a result of that breach, the one-party suffers damage. First of all, this paper highlights the correlation between breach and remedy. The aim of this term paper is to explore the idea of remedies for breach of contract. This paper also looked into different types of suits, a plaintiff can file. It is just as important for the innocent party to show that it has suffered a los...
ABSTRACT If each resource (petroleum) rich nation was a living cell, the national oil company (NOC) would be the nucleus. NOCs are that important. They are the economic engine rooms of resource dependent nations. Nigeria’s NOC; the Nigeria National Petroleum Corporation (NNPC) is however yet to fulfill this role in the Nigerian economy. Since its establishment in 1977, a steady stream of reports and reviews have documented NNPC’s dismal legacy of lost revenues, inefficiency and corruption...
Table of contents 1. Executive summary ........................................................................................................ 9 2. Draft RTS on key financial information for the summary............................................... 10 2.1. Introduction ........................................................................................................... 10 2.2. Summary of feedback and amendments to the draft RTS on the key financial information in the summary ............
Residency is a key factor in taxation, since a taxpayer is generally liable to payment of taxes to the state where he is resident. The issue of residency is a topical one that deserves additional discourse. It would appear that the residency rule which obligates a taxpayer to pay to the relevant tax authority of where he resides still stands; what has now been amended is the principal place of residence which should be considered when an individual has more than one residence. A challenge wit...
This work looks at the importance of TSA to the Nigeria economy Abstract Government banking arrangement are an important factor for efficient management and control of government cash resources, such banking arrangement should be designed to minimize the opportunity cost of cash resources, this requires that all cash received is available for carrying out government expenditure programs and making payments in a timely fashion. Many emerging market and low-income countries have fragmen...
NEIGHBORING RIGHTS IN NIGERIA ABSTRACT Intellectual property law has proved to be a possible tool for the transmission and management of traditional cultural expressions and cultural heritage; protecting it from unauthorized use, reproduction, misappropriation and other forms of dishonest exploitation. “Neighboring Rights” is one of those terms that can cause an awful lot of confusion due to the background of the name itself. It is often confused with relating to payments from neighbor...
The world is a global village with goods and services, being distributed around the globe through trade. The advent of globalization portends great economic development for developing nations such as Nigeria. However in the course of this transfer of trade, there is the incidence of injury which can result from the incessant transfer of harmful and hazardous products. Therefore this paper is poised to show the negative impact of globalization in the food chain of any nation, due to the fact t...
ABSTRACT A tort is a wrong either to person, property, community or even a nation. This wrong should not go without strict punishment especially when it is shown that the person who owes a duty to show reasonable care failed in his duty. Consumers worldwide are the same; there should be no room for comparison, disparity and partial treatment. There is a popular saying that ‘consumer is king’ or ‘consumer is alw...
ABSTRACT From time immemorial through the period of agriculture to the period of industrial development, land has remained the most valuable property in the life of man and his development. It is a source of wealth to those who have it and the mother of all properties. In other words, virtually all the basic needs of human existence are land dependent. In view of the importance and usefulness of land to man and his development as well as the development of his society, every person generally ...
ABSTRACT Public Private Partnership has been said to be a long term agreement between a government agency and a private partner for the delivery of goods or services with both party sharing in the risks and rewards inherent in the delivery of the goods or service which include financial risks and responsibilities. Public Private Partnership is an answer to the high demand for infrastructure which is at an all time high which is not being currently met by traditional contracting methods. Priv...
ABSTRACT Every human being is faced with the possibility that one or more of the hazards which form part of life will sooner or later befall him and which may cause him pecuniary loss. This misfortune is uncertain as to time or period it will occur and this among others include: fire outbreak, accident or even death. It could be seen that all those are beyond human control as their occurrence cannot be controlled by the individual. For example, the family bread winner knows it is beyond his c...