In case you are wondering or have recently been asked to file returns with the Financial Reporting Council of Nigeria (FRCN), here is our regulatory alert on a recent judgement by the Federal High Court on the subject.
The Federal High Court ("FHC") on 21 March 2014 ruled in a case between Eko Hotels Limited and the FRCN. The FHC decided that under the FRCN Act, the FRCN cannot enlarge its regulatory powers to regulate private companies.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.