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Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Under the Nigerian legal system, there are special courts created by statute to adjudicate on specific matters. State the courts that are created by law to handle the following matters:
i. Labour matters;
ii. Offences committed by infants;
iii. Election petitions.
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Find Related Questions by Tags, levels, etc.
The supreme statute that is binding on all authorities in the Federal Republic of Nigeria is:
A. The Interpretation Act
B. The Economic and Financial Crimes Commission Act
C. The Independent Corrupt Practices Act
D. The Constitution of the Federal Republic of Nigeria
E. The National Assembly Service Commission Act
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Find Related Questions by Tags, levels, etc.
In Nigeria, Courts are arranged in hierarchy for settlement of disputes. The jurisdiction of the various courts is provided for in the Constitution. Some are original, while others are exclusive and appellate in nature.
You are required to:
State FOUR matters in which:
i. The Supreme Court has exclusive jurisdiction
ii. The Court of Appeal has exclusive jurisdiction (8 Marks)
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Find Related Questions by Tags, levels, etc.
a. Nigerian courts are enjoined to apply the common law of England, doctrines of equity, and statutes of general application that were in force on the 1st of January 1900.
Required:
b. Mercy and Samuel, who are the only partners of a limited liability partnership, are protesting a demand letter served on them for the payment of the sum of N500,000 each by the Corporate Affairs Commission for failure to audit the partnership’s account for the immediate past year and failure to file annual returns for the same period. They are protesting on the grounds that they are not a company and, therefore, not liable to file annual returns, and that the Corporate Affairs Commission has no right to demand the audit. They have approached you as a professional to advise them.
Required:
Advise the partners in line with the provisions of the Companies and Allied Matters Act 2020 on:
i. The Corporate Affairs Commission’s demand for the partnership’s audit (4 Marks)
ii. Whether or not the partnership was under a legal duty to file annual returns with the Corporate Affairs Commission (4 Marks)
c. A limited liability partnership must have a designated partner.
Required:
What shall a designated partner be responsible for? (4 Marks)
d. ADR is the abbreviation for Alternative Dispute Resolution.
Required:
i. Explain briefly Alternative Dispute Resolution (2 Marks)
ii. State THREE mechanisms of Alternative Dispute Resolution (3 Marks)
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Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
The Money Laundering (Prohibition) Act stipulates guidelines to regulate funds transfers by individuals and corporate bodies.
Required:
i. Limitation of cash transactions by corporate bodies (2 Marks)
ii. Limitation for international transfer of foreign currencies (2 Marks)
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Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Electronic facts are now admissible in Nigeria by virtue of the
A. Evidence Act
B. Recommendations from the National Conference
C. Amendment to the 1999 Constitution of the Federal Republic of Nigeria
D. The efforts of forensic experts
E. The efforts and testimonies of computer expert witnesses in court
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The following encompasses Nigerian basic laws on theft, fraud, and deception, EXCEPT
A. Criminal Code
B. Penal Code
C. Corrupt Practices and Other Related Offences Act
D. Economic and Financial Crimes Commission Act
E. Bankruptcy Act
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