The Federal High Court in Abuja on Thursday struck out the National Broadcasting Commission (NBC) application for an order setting aside its judgment preventing it from imposing fines on broadcast ...

Nigeria on Saturday announced it was freeing 4 000 prisoners to reduce pressure on prisons. They had been incarcerated because the failed to pay fines. R13 million worth of fines have also been cancelled. Thousands of detainees across Nigeria have been released from prison in an effort to tackle overcrowding, interior minister …

February 8, 2024 7:52am. By. Kunle Solaja. South Africa head coach, Hugo Broos feels his side played better against Nigeria in their semi-finals encounter which they lost 4-2 on penalties in the Africa Cup of Nations Côte d'Ivoire 2023. The Bafana Bafana came back from a goal down to take the game to penalties but ended up losing.

Justice Olukayode Adeniyi of the Federal Capital Territory (FCT) High Court on Monday awarded N100 million in damages to against the Federal Government for violating the rights of former governor ...

Unini Chioma. -. July 15, 2018. Traffic offences are punishable under the Traffic and Road Safety Act. Different offences are prescribed different penalties, which include paying a cash penalty. If caught violating a traffic rule and you wish to wave your right to a court trial, the alternative is to pay the prescribed fine for the particular ...

TEMPLARS secured a landmark judgment at the Nigerian Court of Appeal (COA) which will disrupt the new labour jurisprudence on triangular or co-employment relationship introduced by the National …

The Nigerian Communications Commission's levy is greater than the $4bn in revenues the company generated from Africa's most populous nation last year, and was based on a N200,000 fine for each ...

MTN Nigeria has reacted to the fine imposed on it by the Nigerian Communication Commission (NCC) for allegedly failing to meet the minimum quality of service for the period March to April 2012. All the other GSM operators also received fines for the same reason. MTN and Etisalat are to pay a N360 million fine each, while Airtel is …

In late 2015, South African telecommunications giant MTN was fined US$5.2 billion by the Nigerian authorities for a mass of improperly registered subscribers-the largest fine of its kind ever imposed in the industry anywhere in the world. MTN was an emerging-market multinational corporation with a track record of successfully operating in some of …

Nigeria's United Bank for Africa Plc has been fined $15 million for failing to comply with anti-money-laundering rules, U.S. authorities said on Monday. ... US fines Nigeria's United Bank ...

Medical: illegal. Recreational: illegal. Cannabis laws in Nigeria reflect a strict stance on its possession, use, and cultivation. The country has implemented stringent measures to combat the drug trade, …

The telecom companies, at a meeting with the commission last week, had agreed to pay their fines after an agreement was reached with the commission to review the Key Performance Indicators (KPIs). "MTN, Globacom and Airtel paid at the close of work on Monday this week, while Etisalat paid at the close of work on Tuesday," NCC sources …

Lagos State, Nigeria's commercial hub, registered the highest number of traffic offenders, leading the state to receive N1.9 billion during the reviewed period. In the span of nine months, traffic offenders in at least 12 Nigerian states paid N2.1bn fines in 9 …

Nigeria was on the verge of paying $11bn in accumulated fines for breaching a contract to supply gas to the national grid, until a court found that the contract itself had …

The maximum penalties are a term of imprisonment of between seven to 14 years, a fine of at least 1 million Naira for individuals and the prosecution of the principal officers of the corporate body and …

Vanguard News is a daily News publication In Nigeria covering Latest news, Breaking News, Politics, Relationships, Business, Entertainment and Sports.

9. Banky W. A beautifully shaven beard and a radiant smile make Banky W a real handsome man. 10. Don Jazzy. A well-known producer, one of the richest musicians in Nigeria, he writes songs for many Nigerian stars and even worked with legendary American artists. Don is very famous and respected in the show business.

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A Delta State High Court sitting in Effurun, Uvwie Local Government Area has fined the Nigerian Army the sum of one million naira and declared the acquisition of parts of Ohore 1 land by the Army ...

French aeronautics and defence group Safran was fined 500,000 euros ($630,000) on Wednesday by a Paris court for bribing public officials in Nigeria to win a contract in 2000/03.

Four major telecommunication companies in Nigeria have been fined for various actions that contravene the rules and regulations of the Nigerian Communications Commission (NCC).. The regulatory body of the telecoms sector fined Airtel, MTN Nigeria, Glo, and 9mobile within the first and third quarters of last year for various infractions that …

The details of the offences and the fines apportioned by the CBN and SEC in the various instances were contained in the 2016 annual reports of the three banks. Access Bank, in its 314-page annual ...

July 17, 2018. One of the easy means deployed by tax and regulatory authorities to remediate default is the imposition of penalty and interest on unremitted taxes or levies as stipulated by relevant laws. Needless to …

Nigeria's attorney general's office says MTN Nigeria failed to pay $2bn in taxes and should be fined for this alleged infraction [File: Siphiwe Sibeko/Reuters] By Kayode Ogunbunmi Published On 26 ...

The United States Justice Department and the Federal Bureau of Investigation (FBI) have confirmed that construction giant Julius Berger's foreign affiliate Bilfinger SE, has agreed to pay N5.1 billion ($32million) penalty for violating the Foreign Corrupt Practices Act. Bilfinger SE, German-based international engineering and …

The Financial Conduct Authority has fined the UK subsidiary of a Nigerian bank £7.7 million over recurring anti-money laundering weaknesses. This article was first published in Lexology PRO's ...

FEDERAL REPUBLIC OF NIGERIA (2019) 13 NWLR (Pt. 1689) 326 (Pp. 351-352, paras. G-B) – Supreme Court. A breach of contract, on one hand, is a violation of a contractual obligation by failing to perform one's own promise under the contract by repudiation of the contract agreement. A breach of contract may be by non-performance, …

For every tax offence, there is a punishment under the Nigerian tax laws. Serious offences attract serious punishment while minor offences attract minor …

The tax deductibility of contractual and commercial fines and penalties is now clearly acceptable. Such contractual fines and penalties are distinguishable from the statutory fines disallowed under the Finance Act. Such expenses also satisfy the WREN test so that there is no question of their …

Yes, Nigeria's money laundering laws have extraterritorial reach. The offence of money laundering has been extended to apply to natural or legal persons outside of Nigeria. The …

Tax compliance is crucial in Nigeria to avoid penalties and fines that can have serious repercussions on individuals and businesses. Non-compliance can lead to …