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On February 6th 2019, President Muhammadu Buhari assented to the Federal Competition and Consumer Protection Bill which repealed certain sections of the Investment and Securities Act 2007 namely sections 118- 128 (excluding section 121(1) (d)) of the ISA 2007. Based on the statement issued by the Securities and Exchange Commission (SEC), the effect of this repeal on merger transactions is that SEC will no longer be involved with mergers between private companies but will now be restricted to mergers involving public companies and change in the shareholding of capital market operators.
We are pleased to announce that Dr. Fifehan Ogunde, our Senior Legal Consultant, has been appointed as a visiting lecturer at the University of Birmingham, United Kingdom. We are indeed very proud of him. Dr. Fife is highly skilled in legal research with a keen focus on international law. He has delivered several articles, papers and speeches at various international conferences.