by BTO PartnersACQUISITION OF LAND BY A FOREIGNER IN LAGOS STATE
Under the English Law, the concept of ownership is very broad and implies that an individual has a right over a determinate thing, indefinite in point of user, unrestricted in point of disposition and unlimited in point of duration. However, under the Nigerian law, particularly with respect to purchase of land, the concept of ownership differs. In Okpoko vs Hon. Minister of Environment,...by BTO PartnersA REVIEW OF THE LAGOS STATE REAL ESTATE REGULATORY AUTHORITY LAW 2021
A REVIEW OF THE LAGOS STATE REAL ESTATE REGULATORY AUTHORITY LAW 2021 Introduction On Monday, 7 February 2022, the executive governor of Lagos State, Babajide Sanwo-Olu signed a bill to regulate the conduct of real estate transactions in Lagos state and provide for operational standards in the real estate sector known as the Lagos State Real Estate Regulatory Authority Law 2021 (the “Law”)....by BTO PartnersKEY DEVELOPMENTS IN THE FINANCE ACT 2021
INTRODUCTION The Federal Government of Nigeria led by President Muhammadu Buhari has taken several measures to resuscitate the Nigerian economy. One of those measures is the enactment of the Finance Act 2021 (“the Act”), which came into force on January 1st, 2022. The Act has some important provisions that directly reform existing tax legislations and deploy strategies to improve the...
by BTO PartnersProperty Rights, Development and Protection
Armen Alchian, Ronald Coase, and Harold Demsetz founded the modern property rights school of economics. They sought not only to outline the importance of private property rights to the effective functioning of an economy but also to identify the circumstances that lead to the assignment and formation of property rights. According to Alchian, a system of property rights, denote a method of...
by BTO PartnersShade of corruption
Pro-growth development officials increasingly focus on corruption as an impediment to development, though traditionally economists have held two distinct opinions about corruption, for example, Robert Barro has suggested that, under some circumstances, corruption can have beneficial effects. According to economist that follows the idea that corruption can be of benefit to the society, he...
by BTO Partners