24Sep/20
#LegitLikeABC

A for Affidavit

There are different instances of when a person might need an affidavit for a specific purpose, for example to report lost documents and request for new government issued ones, to attest to their ages where a birthday is not readily available, affidavit of support, to corroborate a fact as a witness in court etc.

16Sep/20

The Infamous Sovereignty Clause and Incidental Matters

A full-blown media and Twitter hysteria erupted in Nigeria over reports that a member of the House of Representatives discovered a clause in a Chinese loan contract that supposedly puts the country’s sovereignty at risk in the event of default.The contract in question was a 2018 loan for $400 million from the China Exim Bank to build Nigeria National Information and Communication Technology (ICT) Infrastructure Backbone Phase II Project.

27Aug/20

Mareva Injunctions : What Are They & How Do They Affect Your Investments ?

Recently, In the wake of an alleged plan to exit Nigeria, the Federal High Court in Lagos has made an order of mareva injunction barring Shoprite Checkers (PTY) Limited from transferring its assets out of jurisdiction over a $10m judgment debt

18Aug/20

Dear Founder, Are You Holding on to the Reins Too Tightly?

Increasing the workforce means more salaries, entitlements to pay; building new structures, market entry strategies, marketing, ever-evolving economic policies and all the financing that goes into those. Do you grow organically (this may require a lot of time and there is the risk of losing the growing attention you are looking to capitalize on) or inorganically by relinquishing some part of your stakes to provide potential investors/partners an incentive to fund the next phase of growth?Would you take debt financing and shoulder the burden of repaying the loan and double-digit interest rates or would you make a call for franchisees to replicate your model?