Agency (NITDA) issued the Nigerian Data Protection Regulation (NDPR) in 2019 on the use and protection of personal data of Nigerians. While this was a commendable step for the NITDA, ... from non-compliance with the Bill, impose fines and penalties, to enforce compliance and make regulations necessary for carrying out its functions.
The Finance Act 2019, which came into force on January 13, 2020, has clarified the rule on the tax deductibility of statutory penalties in Nigeria. There was no clear statutory provision on the tax deductibility of fines and penalties prior to this clarification: however, the general practice had been that fines and penalties were not tax ...
The NESREA, the major federal body responsible for protecting Nigeria's environment is responsible for enforcing all environmental laws, regulations, guidelines, and standards. This includes enforcing environmental conventions, treaties and protocols to which Nigeria is a signatory. Environmental Impact Assessment Act (Cap E12 LFN 2004).
ECOWAS Court Fines Nigerian Government N1million For Frivolous Adjournment In Case Of Enslaved 21-year-old Woman, Glory Okolie. March 31, 2022. ACTIVISM Free Speech Human Rights Legal Politics.
Seven banks quoted on the Nigerian Stock Exchange, NSE, paid N144.99 million as fines to regulators in 2018 for various contraventions. Investigations by the News Agency of Nigeria indicated that the fines were paid to the Central Bank of Nigeria, CBN, the Securities and Exchange Commission, SEC, and the Financial Reporting Council and …
Nigeria, Algeria, and Senegal have been slapped with fines and bans by Fifa after crowd troubles in their recent 2022 World Cup play-offs played on March 29 in their respective venues.
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WebTo ensure orderliness and shun reckless driving, the Nigerian government has highlighted some traffic-related offences and the penalties they attract. The fines vary depending on the gravity of the offence …
39 rows2. >>> Driving a vehicle without a speed limiting …
Courts Waive Default Fees Payment. Posted on Tue 15 Jun 2021. Download Resource. On April 6, 2021, members of the Judiciary Staff Union of Nigeria ("JUSUN") commenced an industrial action to press home their demand for financial autonomy for the Judiciary. The effect of the industrial action was that courts across …
The Central Bank of Nigeria (CBN) has penalised six banks for N1.314 billion over alleged non-compliance with a regulation on cryptocurrency accounts. ...
THE recently arrested and released Chinese fishing vessel ' Hailufeng 11 ' has been slammed with a fine of N3million for turning off its Automated Identification System, AIS, the Nigerian ...
schedule Oct 11, 2022. queue Save This. Nigeria released its draft Data Protection Bill, 2022 outlining a legal framework for personal data protection. The bill would establish the Nigeria Data Protection Commission to regulate personal data processing and outlines principles for processing personal information — including conducting data ...
6 Cap. D3, Laws of the Federation of Nigeria (LFN) 2004, originally enacted in March 1999 as Deep Offshore and Inland Basin Production Sharing Contracts Decree No. 9 of 1999 and amended in May 1999 by Deep Offshore and Inland Basin Production Sharing Contracts (Amendment) Decree No. 26 of 1999.The PSC Act's long title aptly captures its …
Administrative Fines: The MLA 2022 empowers any supervisory and regulatory authorities to impose - for any breach of any requirement of the MLA 2022, by …
STEM Camp for in Minna: Promoting Creativity. by Timeout for Africa Education and Sports Foundation. Young in Minna, Nigeria have limited access to STEM materials. STEM materials for kids such as legos, keva planks, k'nexs, and snap c… read more. $292,240 raised of $299,000 goal.
August 17, 2022. 0. 171. The Chief Executive Officer/Managing Director, FIRST Exploration and Petroleum (E&P) Development Company Limited, Ademola Adeyemi-Bero, has said the Madu Conductor Supported Platform (CSP) produced locally will contribute additional 20,000 barrels of oil per day to Nigeria's total offshore …
For a country with a foreign reserve of $45 billion and sovereign debt profile of over $80 billion that judgment debt is quite a lot, potentially capable of rendering Nigeria even more technically ...
Guaranty Trust Bank has been fined more than £500,000 for failing to do thorough anti-money laundering checks on potential clients from high-risk countries, according to the UK financial regulator.
Under Nigerian law, the protection of personal data is a fundamental human right and as such is generally protected under the Constitution of the Federal Republic of Nigeria, 1999, which provides that "the privacy of citizens, their homes, correspondence, telephone conversations and telegraphic communications is hereby guaranteed and …
STEP 1. A payer may elect to make payment through any of the commercial banks in Nigeria or through an electronic medium. The payment gateway shall be REMITA Platform accessible on STEP 2. When the REMITA page opens, the payer shall go to "pay a Federal Government Agency" and click on it.
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17 heaviest fines for traffic violations in Nigeria 09/20/2020 Posted by: Joshua-Philip Okeafor Latest news articles Common traffic offences in Nigeria and their penalties - 09/06/2022 Learn the best …
Nigerian businesses that collect, store and process personal data for European Union (EU) citizens for the provision of goods and services risk €20 million fine if they failed to comply with the ...
We will sue NBC if the unconstitutional fines are not rescinded within 48 hours. "This is a new low in Nigeria's protection of freedom of expression and ability of independent media houses to function in the country. The fines are detrimental to media freedom and access to information and the NBC must immediately withdraw the decision.
These banks are supposed to be under the supervision of the Central Bank of Nigeria. ... US authorities told Saharareporters that the recent fines by the OCC and FinCEN are totally unrelated to ...
More than half of the banks operating in Nigeria have failed the Central Bank of Nigeria anti-money laundering stress test recently conducted by the apex bank. The CBN had conducted an anti-money laundering/combating terrorism financing compliance examination of 25 reporting banks. The examination was guided by the statutory …
Physical assault on traffic officer. N100,000.00. Six (6) months imprisonment or both fine and imprisonment. Compensation to assaulted officer. 25. Commuter or …
In this piece, we will highlight a total of 80 traffic offences in Lagos as well as the penalties that come with breaking them. Have a look. 1. Violation of Routes by Commercial Vehicles. Point: 2. Penalty: 1st offender N20,000.00 | Subsequent offender N30,000.00.
>>> Make sure you know ranges of fines to pay properly: Nigeria road safety signs and their meanings: ranges of fine for violation. 3. Functions of Remita Online Platform. We should take a look at Remita for a better understanding of the payment process. It is an online payment platform that allows individual payments to reach the …
