₦airaland Forum

dexed:
Are there any regulations for online bussiness in Nigeria?

Sir, my answer to your question would be a capital letter NO. You will notice I said 'my answer' because the position I hold could have changed. You will agree with me it is challenging keeping pace with Legislation in Nigeria.  You only hear of ACT passed into law or Regulations made through the MEDIA. Sometimes, you go to the Federal Government Printers and you might not get printed copy of a recently passed ACT (for example, I have been looking to buy a copy of the recently passed Local Content ACT for four months- PLEASE IF YOU HAVE COPY I DON'T MIND). Now, before posting this comment, I tried calling a colleague of mine (a Lawyer), who works as a Legislative Assistant at the National Assembly but I could not get through. What I could lay my hands on are these:


"(HB. 69) ELECTRONIC MESSAGES, INFORMATION AND COMMERCE AND ITS ADMISSIBILITY IN EVIDENCE
Sponsor(s): Hon. Jerry Ugokwe and 70 others
1st Reading: 2/3/2004
2nd Reading:
Committee(s) or Date of Referal:
Date of reported out of committee
3rd Reading & Passage:
Conference Report:
Remark: Awaiting Second Reading


HB. 154 CYBER SECURITY AND DATA PROTECTION AGENCY (ESTABLISHMENT ETC) BILL,
Sponsor(s): Hon. Etim Bassey
1st Reading: 15/1/2009
2nd Reading:
Committee(s) or Date of Referal:
Date of reported out of committee
3rd Reading & Passage:
Conference Report:
Remark: Awaiting Second Reading"

from this site : http://www.nassnig.org/nass/billspro.php?pageNum_bill=7&totalRows_bill=189


Now, I know that NITDA and some Federal Government Agencies as well as some ICT folks & legal luminary put together a Cyber Crime Bill in 2004. Even if the foregoing Bill has been passed, it only regulates or seeks to prevent online business crime in Nigeria and not neccesarily regulate online busnesses. The only option open to us is to bring an action for breach of online transactions as if they were contracted offline (i.e our traditional principles of contract). However, there is a danger in this option, our Evidence ACT which I learnt is currently being  amended does not make provisions for the admissibility of electronic generated evidence not to talk of attaching weight to such evidence. Apart from the amendment to the said Evidence ACT, the first Bill mentioned above when passed would go along way in assisting online businesses in Nigeria. Pending the time all these Bills would be passed you have to watch your back while you do online businesses in Nigeria.

Among other Legislations, I know the US and UK have the E-Sign Act and the Electronic Commerce Act respectively. It would therefore be nice to see us (Nigeria) take a cue from the US, UK and other developed countries.

I suggest you take a step towards achieving this feat.

Best regards.

Aaoe:
Need a 3 bedroom flat for 400k p.a (1year option)
Prefered location:surulere,yaba,mende,maryland,ikeja off allen.

Also:

Executive miniflat for 250k p.a (1 year option)
Prefered location: surulere, yaba, mende, maryland, ikeja off allen.

please contact me if available via this medium or call 08072204788.

Sir, I will advise you up your budget from that 400k (to may be 500k +) for areas such as Mende, Maryland, Ikeja off Allen. And like Olu2la rightly said the chances of getting an option of one year rent is 1/10.

Best regards.

Thanks for your interest, my number is 08033061606. I should call you too.

Best Regards.

@ Poster, locate a solicitor who will take step to serve by himself or thru u the necessary statutory notices and if the tenant fails to yield possession the last resort is recovering the premises thru the court of law.

Best regards.

lawyer:
You register an Incorporated Trustee also known locally as an NGO. It will accomodate all your plans. Rotary Club, Jaycee Clubs, Old Boys reunion associations are all examples of Incorporated Trustees

Cheers

I think you should let the the public know also that a Company Limited by Guarantee (LTD/GTE) can be used as NGO.
Best regards.

NO comments

Best Regards

Hi,

Please I have a client that urgently needs a fully detached Bungalow with ample space around Adeniyi Jones, Maryland or Opebi for lease. It is required for creche/daycare. Budget is N1.8m.

I have also a 3 bedroom all room en-suite at Ogunshefunmi Street. Rent is 600k x 2 years. Can be used for office or residential.
Ogunshefunmi is off Abeokuta Street while Abeokuta is the street behind GT Bank, Fidelity Bank and the rest at Oba Akran, Ikeja.

If you are able to meet either of the requests kindly holla me at kleandenation@yahoo.ca.

Best regards.

@ insurnaija Happy New year. I wish you a wonderful and booming business year. It appears to me that you are a specialist in Old Ikoyi properties. In any case, please I have about 5000 sq meters at Ruxton Road, there is an old building on it which can be pulled down or redeveloped. In case you have any request for Ruxton Road do holla me kleandenation at yahoo. ca.

Best regards.

daintytara:
Hi musty , its 98  attached herein is d pix

@ this is known as baby boy and not as EOD as u said earlier.
Best regards

@ My friend has a clean 2003 Toyota Matrix in case u do not find 2004/2005 ASAP. He shipped it in a about 5 weeks ago from the US. The ride is with a dealer in Lagos. If u re interested, kindly holla me at kleandenation@yahoo.ca.

Best regards.

maclatunji:
Since you have property in Ilorin. Can you help a young male student who is looking for a small apartment close to UNILORIN. Please give information on any such opening?

Budget N35,000.

Call 08099527777

@ Please note that u can get adequate info on what u are looking at the property section. The 1st poster posted on the wrong section. Please note further that Unilorin has Mini and Main campus if you are a fresher. That in itself will guide whoever will assist u.

Best regards.

@ This is very vague. If you need answers on CAC & Allied matters I advise u look out for different post by different people here on NL. My point is that this has been addressed in other fora, kindly locate them. U could mail me at kleandenation@yahoo.ca for the actual registration.

Best regards.

frankcj:
Lawyer,
I;m intending to involve in oil and gas business supply business.
do i need lincense to get registered as supplier or go ahead do the registration.

@ you need to clarify what you mean by oil & gas business. The field is well regulated. If you are talking of running or owing an oil outlet station otherwise known as filling station you would be required to obtain licence from the DPR. If you will also have dealing as an oil & gas coy or oil & gas service coy you will also need to register with DPR, that would depend on your categorization. If however, all you want to do is hire trucks, lift fuel and deliver to the end users then you only need registration as coy with CAC. The DPR guys in the house will throw more Candle (there is power outage).

Best Regards.

Also we have 3 nos of 3 bedroom semi detached duplex at Arifanla area of Akute = 500 X 2 years

four years commencing from Saturday last week please

realvenc:
@Lawyer

pls is it possible to operate a business with just a registered business name. I want to kick start a travel agency immediately and the guy i contacted for the registration as a private limited company said it could take months, but that he can get the business name registered in two weeks.

is it possible and ok to just register the business name for now, start the business and over time do the incorporation.

is there any disadvantage or penalty if i do.

also i do like to have your email address for subsequent transaction and maybe your office. pls help me answer these. please

it appears lawyer has travelled. Let me answer that ? The reason why the person told u it will take months is that you will require to obtain approval in principle from the Nigerian Tourism Development Commission before the Corporate Affairs Commission can register a travel and tour private ltd company for u. whether or not u obtain the said approval , I assure you that by the expiration of the two weeks you want to register a business name, I can register a travel and tour private ltd company for u. For more u could please holla me at kleandenation@yahoo.ca

this is a coy registration thread n not Nokia or forex.

@ poster, I noticed u are more disposed favourably to those who hold the same view as urs as per ur mom being old school. me think it is a privilege to have a mom like her, most people don't have mom (either they are dead or they have abadoned their wards). forget about the approach and think about the intention.

3 Bedroom all rooms ensuite at anifowoshe area of Ikeja for office use = N600k X 2yrs.
for more you could please call 08033061606.

Except this thread is for research purpose, I 'll advise you reposition your table. For all I care she may be carried away with work or something. I experienced this recently though it is not easy but if u re determined not to look u ll not look.

Whoever is the moderator of this thread should please address the last 4 posters, I am 100% sure that those posts are not non-invention related.

izeghs:
We specialize in providing company formation, administration and information services.

We help Limited Liability Companies incorporate their business within 24hrs (X-Express) for N95,000 or within 7 working days (Express) for N45,000 depending on what the preferred option is for the client. Business Name or Sole Proprietorship is 72 hrs for N20,000.

All packages comes with:
- 1 month free subscription to BusinessDay
- Free domain name (www.yourcompany.com)
- Free 5 corporate e-mail address
- Free 250 Business Card from SkiPrints

Other services we render includes:

-Shelf Business Name (Ready Made Name)
-Shelf Limited Liability Name (Ready Made Name)
-Shelf Sole Proprietorship Company (Ready Made Co.)
-Shelf Limited Liability Company (Ready Made Co.)
-Change of Name (Business Name)
-Change of Name (Limited Company)
-Incorporated Trustees
-New Company Name Search
-Trademark Registration
-Copy Right Registration
-Patent Registration
-Export License
-Stay Permit
-Business Permit
-USA Company Registration
-UK Company Registration
-South Africa Company registration

Our experienced team are available to help at any stage of the incorporation process, . Please don’t hesitate to call us (+234 818 502 9952 or +234 702 951 4941) or (e-mail; ) when you have any question.

Follow us on:
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I don't really like to appear as spoiler but I don't also like unwarranted claims.
To register 1m Share at CAC in 24 hours you will need to pay 50k to CAC known as 'one day' while you will need pay around 30k extra for stamp duty, ctc et al. Express is not possible in Lag only in Abuja so if you are in Lag, u need to fly to Abuja or pay some lawyers in Abuja between 15-20k to do it and send it thru air courier on the same day. Assuming but not conceding that one will spend between 100k-120k for 24 hours registration at CAC, how do you make profit if you charge 95k? Please don't lay claim to what is not attainable!

Aproko:
^^^^^^^^^^ why are you limiting yourself to those areas? any particular reason?

madam why u know mind your business? u think say na everybody fit work for legal dept like you.

larez:
And what will you know?!! Right after posting my last message here, on another thread a Nigerian that I had proposed an idea to a few months back posted a message to me on another thread. This was a guy that was supposedly into real estate and claimed he could raise funds for my project. Now he even forgot what wew had met about, and here he was now telling me that his company was going to do exactly what I had proposed.

As we can see from the recent Bank scams/issues, Nigerians even to the very top are mostly thieves. They will ask you to bring projects/ideas to them for financing, only to steal those ideas/proposals. 3 Nigerians that I have presented my proposal to are all now embarking on the projects for themselves. I know they are bound to fail because they hardly know what it takes and think everything is simple. What I spent a year researching and putting together using an average of 18 hours a day, they believe they can just steal. This is why there are failed projects all over Nigeria. Clueless people with stolen funds lacking the zeal and knowledge for particular projects think they can steal and be successful. Woe unto everyone of them, and may they choke on their stolen funds.

From henceforth, I will neither share ideas with Nigerians, nor seek their funds for anything. My funding shall only be sourced from international reputable firms and financing sources. Hope this is a lesson for all of you idea people out there. Unfortunately, we do not have laws as deterrence factors to protect your intellectual properties. Nigeria has been overtaken by corporate scammers and criminals on all levels.

I just saw this post now. Please permit me to disagree with the last sentence. That one does not know about a legislation does not mean it is not there. There are various instruments to protect your ideas, business, invention etc however, the challenge we have is that registration and enforcement procedure of intellectual properties are usually cumbersome. Now, that somebody is using your idea does not mean he has not seen it somewhere else however, if your idea is protected and you have proof that you have exposed your idea to such person and he/she in turn uses an idea similar to yours, all that you need do is to bring an action against such person. Like I said earlier, it is very cumbersome but I won't agree that there are no means of protecting your intellectual properties ab initio.

It depends on whether you want to register as Oil & Gas Company or One rendering services to Oil & Gas Companies. That in itself will determine whether it is licence or permit you require. You can check http://www.dprnigeria.com for more.