SF Press

SEFTON FROSS ADVISES AS SOLICITOR TO THE ISSUE IN THE GPC ENERGY AND LOGISTICS LIMITED NGN50,000,000,000 BOND ISSUANCE PROGRAMME AND THE NGN20,000,000,000 SERIES 1 ISSUANCE

Sefton Fross has advised as Solicitor to the Issue of the establishment by GPC Energy and Logistics Limited (GPC Energy) of a NGN50,000,000,000 Bond Issuance Programme and the NGN20,000,000,000 Series 1 bonds. GPC Energy is a logistics company with a dedicated and strategic intent to facilitate the circular flow of economic activity globally through the …

SEFTON FROSS ADVISES AS SOLICITOR TO THE ISSUE IN THE GPC ENERGY AND LOGISTICS LIMITED NGN50,000,000,000 BOND ISSUANCE PROGRAMME AND THE NGN20,000,000,000 SERIES 1 ISSUANCE Read More »

SEFTON FROSS ADVISES CONEX OIL AND GAS HOLDINGS LIMITED ON ITS ACQUISITION OF TOTAL LIBERIA AND TOTAL SIERRA LEONE

Sefton Fross has advised Conex Oil and Gas Holdings Limited (Conex) a downstream oil and gas company in Liberia on its acquisition of Total Liberia and Total Sierra Leone including securing financing for the funding of the acquisition. Both former TotalEnergies Affiliates are leaders in the importation and marketing of petroleum products throughout their respective …

SEFTON FROSS ADVISES CONEX OIL AND GAS HOLDINGS LIMITED ON ITS ACQUISITION OF TOTAL LIBERIA AND TOTAL SIERRA LEONE Read More »

A.G. RIVERS STATE V. FEDERAL INLAND REVENUE SERVICE & ANOR: ANALYSIS OF IMPLICATIONS OF JUDGMENT

Introduction On 9 August 2021, the Federal High Court sitting in Port-Harcourt per Hon. Justice Stephen Dalyop Pam delivered a judgement which withholds the power of the National Assembly to make laws on Value Added Tax, Withholding Tax, Education Tax and Technology Tax and the power of the Federal Inland Revenue Service (FIRS) to administer …

A.G. RIVERS STATE V. FEDERAL INLAND REVENUE SERVICE & ANOR: ANALYSIS OF IMPLICATIONS OF JUDGMENT Read More »

Updated Tax Appeal Tribunal – Transfer Pricing Judgment.

Introduction On 19 February 2020, the Nigerian Tax Appeal Tribunal (the “Tribunal”), sitting in Lagos delivered its first ever judgement on a transfer pricing (TP) dispute under Nigeria’s Income Tax (Transfer Pricing) Regulations No 1, 2012 (TP Regulations) in the tax appeal filed by Prime Plastichem Nigeria Limited (the “Appellant”) against the Federal Inland Revenue …

Updated Tax Appeal Tribunal – Transfer Pricing Judgment. Read More »

TWO YEARS AFTER THE METER ASSET PROVIDER REGULATION (2018): TAKING STOCK.

Introduction The regulatory framework on Meter Asset Provider (Regulation) issued by the Nigerian Electricity Commission (NERC) came into effect on 8 March 2018 and became enforceable on 3 April 2018. The Regulation seeks to encourage the development of independent and competitive meter services, eliminate estimated billing practices, attract private investment for  the provision of metering …

TWO YEARS AFTER THE METER ASSET PROVIDER REGULATION (2018): TAKING STOCK. Read More »

THE IMPACT OF THE COVID-19 PANDEMIC ON EMPLOYMENT CONTRACTS.

Introduction As the COVID-19 pandemic continues to devastate the global economy, employers in large and small businesses are faced with a dreadful conundrum on whether to let their staff go, cut their hours, or declare them redundant. It is however highly unlikely that most employers, in drafting their contracts of employment, would have contemplated the …

THE IMPACT OF THE COVID-19 PANDEMIC ON EMPLOYMENT CONTRACTS. Read More »

TAKING SECURITY A REVIEW OF MORTGAGE CREATION UNDER NIGERIAN LAW.

Introduction According to Roy Goode, a financier taking security for an advance is concerned to see that if the debtor’s assets are insufficient to meet the claims of all his creditors, the financier will at least be able to look to his security to obtain total or partial payment.[1] Consequently, the fundamental reasons lenders require security …

TAKING SECURITY A REVIEW OF MORTGAGE CREATION UNDER NIGERIAN LAW. Read More »