Corporate Law
CBEX: Unmasking the Cryptocurrency Ponzi Scheme That Shook Nigeria
In early 2025, Nigeria witnessed the collapse of Crypto Bridge Exchange (CBEX), a fraudulent cryptocurrency platform that lured thousands of investors with promises of extraordinary returns. Operating under aliases such as ST Technologies International Ltd and Super Technology, CBEX claimed to be a legitimate digital asset trading platform, offering investors a 100% return on investment within 30 days. However, these claims were part of a sophisticated Ponzi scheme that ultimately defrauded many Nigerians. The […]
The Global Landscape of Tariffs and Their Impact on Nigeria
Tariffs, defined as taxes imposed on imported goods, serve as significant tools in international trade and economic policy. Governments worldwide employ them for various reasons, ranging from protecting domestic industries to generating revenue and addressing trade imbalances. Understanding the global order of tariffs and recent trends is crucial to analyzing their impact on specific nations like Nigeria, which actively participates in the global trading system. The International Order of Tariffs: The modern international tariff system […]
The Expatriate Employment Levy (EEL) in Nigeria: Impact, Compliance, and Strategic Considerations”
In recent years, many countries have introduced policies aimed at regulating the employment of foreign workers, often with the dual objectives of protecting local labor markets and generating revenue for national development. One such policy is the Expatriate Employment Levy (EEL), a fiscal measure implemented by governments to manage the influx of expatriate workers and ensure a balanced workforce. This article delves into the concept of the EEL, its objectives, implications, and the broader impact on […]
Legal Landscape of Cryptocurrency in Nigeria: Challenges and Prospects
Introduction Cryptocurrency has emerged as a transformative force in global finance, providing an alternative to traditional banking and fiat currency transactions. In Nigeria, the adoption of digital assets like Bitcoin, Ethereum, and others has seen exponential growth, driven by financial inclusion, remittance efficiency, and investment opportunities. However, the regulatory stance on cryptocurrency in Nigeria remains a subject of debate, marked by policy fluctuations and legal uncertainties. The Legal Status of Cryptocurrency in Nigeria Cryptocurrency is […]