The idea of having a code of corporate governance in Nigeria is not a
novel one. It has been done severally in other jurisdictions; especially in the United Kingdom which Nigeria has an affinity with,
due to the common law origin of our company law. Thus, a code of corporate
governance must always co-exist with a company law enactment, but here in
Nigeria it seek to supersede the Company Law enactment. The previous codes
which were enacted in the United Kingdom include the Cadbury report (1992), the
Hamel report on Corporate Governance (1998) and the combined code for listed
companies (1999). In Nigeria we have the
Atedo Peterside Corporate governance committee report (2003) and the Mahmood
Corporate governance review (2011)
Though not restricted to
the commercial city of Nigeria, Land grabbing has always been a big issue in Lagos
state. Property investors were not protected under the law and were being taking
advantage of by the popularly called “Omo Onile”, meaning in loose terms “Children
of the land” and their sponsors, or privileged individuals who used force,
threats and sometimes violence to unscrupulously take possession of land or
property belonging to other persons. It is common to see or hear of a crowd of
young men gather at the sites of undergoing private construction demanding for
unaccountable levies and fines.
Against the backdrop of highly publicized cases in both
print and social media of incidences of rape cases of an incestual nature, it
is important to note the position of the law regarding this menace.
Business Law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both private law and public law.
Commercial law includes within its compass such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange and partnership. It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes that contain comprehensive statements of their commercial law.