Regulatory & Compliance

Regulatory & Compliance

Regulatory & Compliance

With the increasingly complex regulatory landscape, a strong corporate governance framework is critical to avoid both financial and reputational damage. While most multinational companies have been careful to comply with local governance and compliance requirements, many are still exposed to significant risks when it comes to internal controls related to their business operations.

We act as trusted adviser to our local and multinational clients, providing advice on general regulatory compliance, competition law, anti-bribery, anti-money laundering across a range of industries and sectors.

We have a team dedicated to advising clients on best practice corporate governance and general legal obligations incumbent on companies, funds and institutions. We have also assisted clients on setting up and reviewing standards and internal policies and procedures. In addition, we offer bespoke training programmes, crisis management solutions and advice on other oversight matters.

With our wide range of expertise and experience in best practices, we can help you mitigate risk while keeping your business’ interests in the full picture.

Regulatory Advisory

Operating in the Nigerian business environment entails obtaining sector specific licences/permits and approvals of a general nature. Our team of experienced lawyers understand the both general and sector specific regulatory compliance and the level of compliance expected by regulatory authorities.

We identify the relevant compliance issues that impact on our client’s business and assist the client in navigate the regulatory path towards meeting their obligations to regulatory.

Our services include assisting with obtaining pre-operational and post operational licences/permits and providing regulatory compliance advice in the following sectors Pharmaceutical, Real Estate and Infrastructure, Oil and Gas, Power, Telecommunications, Financial Services, Insurance, Capital Market Operators, Maritime etc.

Experience

  • Assisted foreign investors in the financial, Fast Moving Consumer Goods (FMCG) and entertainment sectors to obtain relevant business permits necessary for legally commencing business in Nigeria
  • Assisted a leading investor in obtaining an approval in respect of its investment in Nigeria at the National Pension Commission.
  • Assisted a subsidiary of a foreign company to obtain pre-investment approval from the National Lottery Board.
  • Advised a world leading financial services IT provider in respect of the implementation and provision of internet banking services in Nigeria. Services provided under this transaction included the registration of Technology Agreement at National Office for Technology Acquisition and Promotion (NOTAP) and advising on sundry regulatory framework bothering on the implementation of the transaction.

Listed below are some of the government regulatory agencies we work with:

  • Federal Competition and Consumer Protection Commission (FCCPC)
  • National Information Technology Development Agency (NITDA)
  • National Agency for Food and Drug Administration and Control (NAFDAC)
  • Nigerian Content Development and Monitoring Board (NCDMB)
  • National Office for Technology Acquisition and Promotion (NOTAP)

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