PAYABLE ON DEATH
“Payable on Death” (POD) is a term often used in financial contexts to refer to a type of arrangement that allows the assets of an individual to be directly transferred to a designated beneficiary upon their death. In Nigeria, a “Payable on Death” (POD) account is similar to those in other countries. It […]
Have you ever imagine how risky it is to give your hard earned money to a stranger in trust all in the name of daily contribution without knowing the location of their office or even if you know the location of the office, the business is not registered with Corporate Affairs Commission, it does […]
PLEA BARGAINING
Plea bargaining is a legal process where the defendant and the prosecutor reach a mutual agreement. In exchange for the defendant pleading guilty to a lesser charge or to one of several charges, the prosecutor agrees to drop the more serious charge(s) or to recommend a lighter sentence. This process helps to avoid a […]
The Pope’s authorization of blessing on same sex couple.
The Pope is considered the highest authority in the catholic church. As the Bishop of Rome, the holds a central role in the church’s leadership and doctrine, he is the number one leaders of the church . He made a pronouncement authorizing catholic priest to now bless gay couples who come to them for that […]
CAC EXTENSION OF DEADLINE FOR PAYMENT OF ANNUAL RETURN .
The Corporate Affairs Commissioner earlier announced in November 2023 that the deadline for payment of annual return was 31st December 2023, in the bid meet up with the payment there were a lot of traffic which lead to glitches in their registration portal , in my office we had a lot of pending applications due […]
DOMESTIC VIOLENCE
Definition of domestic violence. Domestic Violence refers to a pattern of abusive behavior in an intimate or family relationship, where one person seeks to gain power and control over another through physical, emotional, psychological, or economic means. It can manifest as physical violence, verbal abuse, emotional manipulation, financial control, and more. Domestic violence can occur […]
LEGAL RETAINERSHIP IN NIGERIA
Retainership is like having a dedicated ally around you, committed to ensuring your success, retainership offers a partnership that elevate your business. A medical doctor paid to offer private service to a person or group of persons has been retained, an accountant paid to audit a companies account monthly or yearly has been retained, a […]
Payable-on-death
“Payable on Death” (POD) is a designation used in financial and estate planning to specify beneficiaries for certain assets, such as bank accounts and investments. It allows the account or asset owner to designate who will receive the proceeds or ownership rights of the asset upon their death. The POD designation is also known as […]
Agreement in Nigeria law
In Nigerian law, an agreement refers to a legally binding contract between two or more parties. It is a fundamental concept in contract law, and it outlines the rights, obligations, and responsibilities of the parties involved. Here are some key aspects of agreements in Nigerian law: Offer and Acceptance: For an agreement to be […]
EFCC AND SCUML IN NIGERIA.
DEFINITION EFCC stands for the Economic and Financial Crimes Commission, while SCUML stands for the Special Control Unit against Money Laundering. Let me explain what each of these entities is and their roles: Economic and Financial Crimes Commission (EFCC):The Economic and Financial Crimes Commission is a Nigerian law enforcement agency that was established in 2003 […]
