LEGAL INSIGHTS SERIES: ESTATE PLANNING IN NIGERIA: PART 2
This article explores the legal and emotional chaos of dying intestate (without a Will) in Nigeria. It highlights how statutory and customary laws dictate asset distribution, often triggering bitter family disputes, frozen assets, and business disruptions. Estate planning is essential to protect generational wealth and spare loved ones from administrative nightmares.
LEGAL INSIGHTS SERIES: ESTATE PLANNING IN NIGERIA: PART 1
This article emphasizes the importance of writing a Will in Nigeria, addressing misconceptions surrounding estate planning. A valid Will enhances asset control, designates executors, and guarantees guardianship for minor children. It outlines the legal framework for a valid Will, highlighting statutory limitations, and underscores the necessity of periodic updates and legal compliance to prevent disputes.
FREEZING BANK ACCOUNTS: LEGAL BOUNDARIES AND EMERGING TRENDS IN NIGERIA
Legally, the deposit of funds establishes a unique contractual relationship between a financial institution and its customer. As established in the locus classicus case of Foley v Hill, this dynamic is strictly that of a debtor and a creditor. The bank assumes ownership of the funds and contracts to repay an equivalent sum upon the customer’s mandate, giving rise to an implied duty of confidentiality and strict adherence to withdrawal instructions…
COMMENTARIES: LEGALITY & ENFORCEABILITY OF UNSTAMPED CONTRACTS IN NIGERIA
This article seeks to examine the legality and enforceability of unstamped contracts in Nigeria, and to state the relevant statutory provisions and their practical implications. In addition, it seeks to clarify whether non-compliance with stamping requirements merely affects admissibility in evidence or goes further to undermine the validity of the contract and to what extent such defects may be remedied.