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Why The SASBF Failed, And The Recovery Philosophy This Time Is Different
Nigeria's Cabotage Vessel Financing Fund was designed to avoid the failures of its predecessor, the Ship Acquisition and Ship Building Fund, which collapsed in the 1990s due to widespread defaults and poor enforcement practices. This briefing examines why vessel arrest, though legally available, should be treated as a last resort rather than a first response when CVFF loans enter distress, and how alternative recovery mechanisms can preserve the fund's revolving capital structure.
Nigeria Finance
OA
Olisa Agbakoba Legal (OAL)
Article
Non-Compete And Restraint Of Trade Clauses In Employment Contracts: Enforceability Under Nigerian Law
The tension between protecting an employer's trade secrets and an employee's right to earn a livelihood lies at the heart of restraint-of-trade disputes in Nigeria. This article examines how Nigerian courts balance these competing interests when enforcing non-compete clauses, analyzing the landmark Koumoulis decision, recent National Industrial Court jurisprudence, and the statutory framework introduced by the Federal Competition and Consumer Protection Act 2018.
Nigeria Employment
OA
Olisa Agbakoba Legal (OAL)
Article
Nigeria’s SEC Tightens The Rules For Fund And Portfolio Managers: What Capital Market Operators Need To Know
The Nigerian Securities and Exchange Commission has introduced significant amendments to its Rules and Regulations governing Fund/Portfolio Management Operations, with far-reaching implications for how fund and portfolio managers conduct their business. These changes place heightened emphasis on investor protection, conflicts management, custody arrangements, and cross-border investments, requiring Capital Market Operators to fundamentally review their investment practices, client documentation, and governa
Nigeria Finance
Syntegral Legal Practice
Article
Fund Managers And Custodians In Nigeria's Investment Ecosystem: Independence, Collaboration And The SEC's Investor-Protection Framework
Effective investment management requires more than sound decision-making—it demands a robust institutional framework to protect investors' money and assets. At the heart of this framework lies a critical relationship between two distinct participants: the fund manager who directs investment strategy, and the custodian who safeguards and administers those assets. This deliberate separation of functions serves as a fundamental investor-protection mechanism that underpins the integrity of modern investme
Nigeria Finance
Syntegral Legal Practice
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