LeLaw Barristers & Solicitors

We are pleased to share our Principal (Afolabi Elebiju)'s recent upstream M&A article, and hope you find it a pleasurable read. #LeLaw Thought Leadership #Petroleum Industry Act 2021 #Nigerian Oil and Gas Mergers & Acquisitions

#Monopolies and Unfair Business Practices: A Consideration of the Petroleum Industry Act 2021’s Anti-Trust Regulatory Framework in the Midstream and Downstream Sectors of the Nigerian Oil and Gas Industry We are pleased to share one of the recent (September 2024) Thought Leadership pieces from our stable, authored by our Principal, Afolabi Elebiju. We hope you find it a pleasurable read. It will shortly be upoaded to our Thought Leadership page at: https://lnkd.in/gW6bQzR Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) FCCPC Nigeria NNPC Limited Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Dangote Oil Refinery Nigeria Duport Midstream Company Limited Aradel Holdings PLC BUA Group #Independent Petroleum Marketers Association of Nigeria (IPMAN) #Edo Refinery and Petro Chemical Company #OPAC Refinery, Delta State #Walter Smith Refinery #Monopolies and Unfair Business Practices #Petroleum Industry Act 2021’s Anti-Trust Regulatory Framework #Midstream and Downstream Sectors of the Nigerian Oil and Gas Industry

#CBN Currency Swap, Citizens Rights and Regulatory Irresponsibility - Preface Excerpts "The Holy Scriptures say that 'man shall not live by bread alone…'... We try to live that out in a professional sense by robustly contributing to Nigerian business regulatory discourse through our Thought Leadership articles and special publications. In this special publication, ... we focus on the intersection of the impact of regulatory or government actions on citizens' rights and exploring the boundaries of potential remedies. Whilst like the ill-fated and (deliberately) shambolic currency exchange exercise of 2022/2023 has come and gone, the traumatic after-effects is indelibly etched in the memories of many people who suffered severe (and for some, irreversible) losses as a result of the exercise. Do such victims have, or should they remain without remedy? Is the exercise not a fitting subject of public interest litigation, especially as the Supreme Court (SC) held in A-G Kaduna State & 9 Ors. v. A-G Federation & 2 Ors. [2023] 12 NWLR (Pt. 1899), 537 that the implementation of the exercise was in the main, invalid? This article argues that the above SC decision provides encouragement for the hypothesis that such victims can successfully claim for declaratory reliefs and damages against the President ... and the [CBN], scaling over threshold issues like locus standi and/or lack of jurisdiction, because of constitutional/statutory protections like immunity or limitation period. Broadly, it should be feasible to bring actions, but the mechanics (how the claims are framed, (nature of) injury and damages suffered proven in evidence etc) will, as a matter of detail, be influenced by the factual circumstances of the respective aggrieved litigant. The author explores these issues whilst there are still relatively recent, given the additional barriers and risks that further effluxion of time may pose to delayed future claims. There is also the need to send a message that citizens can also, like ten State Governments did in A-G Kaduna case, challenge regulatory irresponsibility. This is moreso that A-G Kaduna did not provide, and could not have provided, any specific reliefs for (any) Nigerian citizens who suffered significant injury, since that was not the focus of the Plaintiffs. We hope you find this publication an enjoyable read, and would be delighted to receive your feedback thereon to our email at: [email protected]. It would also be a great pleasure if it re-ignites the interest of victims in seeking remedies for their injuries; albeit, we warn that we are not interested in engaging in any such public interest litigation. We believe that this publication is already, a significant enough investment, in that regard. Thank you as always, for engaging with our publications; we consider it an honour and a privilege!" Available at: https://lnkd.in/dcKB3B-A

#Signposts and Landmarks: The Business Facilitation (Miscellaneous Provisions) Act No. 5 of 2022 - A Critique of Recent Strides in Nigeria’s Legal Regulatory and Policy Business Reform Journey We are delighted to share this 16 page, December 2023 piece by our Principal, Afolabi Elebiju. It will also be available on our Thought Leadership page at: www.lelawlegal.com. We hope you find an enjoyable read, a valuable reference material, and would be obliged by your kind feedback. It is always a great honour and privilege to share our Thought Leadership with you. #LeLaw Thought Leadership 24/7 The Presidential Enabling Business Environment Council (PEBEC) Secretariat Nigerian Investment Promotion Commission Corporate Affairs Commission FEDERAL MINISTRY OF INDUSTRY TRADE & INVESTMENT Nigerian Economic Summit Group (NESG) Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Lagos Chamber of Commerce and Industry Central Bank of Nigeria NNPC Limited Bank of Industry Limited #Oil Producers Trade Section (OPTS) Nigerian Bar Association Section on Business Law (NBA SBL) Nigerian Institute of Advanced Legal Studies Obafemi Awolowo University Nigerian Law School GetFundedAfrica Lagos Business School, Pan-Atlantic University Babcock University, Ilishan-Remo, Nigeria University of Lagos The Chartered Institute of Bankers of Nigeria - CIBN Securities and Exchange Commission, Nigeria Nigerian Ports Authority Federal Airports Authority of Nigeria Africa Finance Corporation African Development Bank Group The African Leadership University Nigerian University of Technology and Management Lagos State University Nigerian Export Import Bank - NEXIM Nigerian Export Promotion Council (NEPC) African Export-Import Bank (Afreximbank) Ghana Investment Promotion Centre African Union African Continental Free Trade Area (AfCFTA) Secretariat

Great pleasure having Mr. Wole Obayomi around last week. Thanks and God bless you Sir!

#Corp INTL 2024 Global Awards - Our Listing Below is the screenshot of our listing at page 82 of digital version of the Awards Publication. Physical copy and our trophies are on the way! We remain ever grateful to our clients through whose feedback to Corp INTL's independent research we got the favourable mentions, and ultimately the awards!

#LeLaw: Year 2023 in Retrospect! 2023 was a year of ups and downs; we are thankful that we survived it and blink, blink we are in the 2nd month of 2024 already! The greatest reason we did and are now sharing our 2023 Year Report was and is to express our gratitude to our clients who trusted us with advisory and consulting engagements in the course of 2023. As reflected in the Recognitions page of this Report, their feedback of our interventions too was most exhilarating and fulfilling. Here is to a more fulfilling 2024! At LeLaw, we appreciate the grace of the Almighty and are grateful to all our stakeholders for being there. Thank you.

Dear All, As shown below, we count it as part of our responsible professional citizenship to keep contributing to topical business regulatory discourse of strategic national interest. We have no choice in the matter and hope our audience always find our interventions useful. #Nigeria: Reform or Stagnate!

Happy Sunday! We are pleased to share this post by our Principal. Please share the link to young students who may find it useful: https://lnkd.in/d4vdCNU4 By the way, the tips in Yes You Can are actually applicable to most examinations, Nigerian or foreign. #Yes You Can. #2024/2025 Nigerian University Admissions

As the saying goes, "a stitch in time saves nine". It should be a no brainer that speaking up on time is much better and always more efficient because a wrong course can be changed (we did not have reach destination before realising that the entire time, resources and emotions spent on "the journey" is a waste. The question is why would a colleague, employee, team member who had an idea that could have been the solution to a current problem refused to speak up? Does it have to do with the culture of the organisation: where there is an overwhelming deference to authority, so the subordinate things it would be out place to speak? Does the supervisor have a history of shutting people down midway, believes she is an island of knowledge and so does not value the contribution of subordinates or even lets them know that they cannot have solutions, so why bother? Is the supervisor domineering or the subordinate afflicted with inferiority complex or perhaps at that very point when he had a good idea that could have been beneficial, he thinks that he has not put in enough work/thought the solution through. In some environments, employees are encouraged to share ideas no matter how "raw" or offbeat, as the team can do the work of "refinement" together, because "two heads are better than one". The team must always profit from your idea, and nothing is as disappointing as a team member saying at the end of a "failed" project: "and this idea occurred to me oh". If it occurred to you, please share it! As a matter of personal responsibility and commitment to the Team's goals, every member must put themselves in a position where there is no room for ego, and are ready to do their utmost to contribute to achieving such goals. In our view, every team member must deserve their seat at the table, so sharing their perspective and insight which could eventually help unlock a or the solution is critical. There is a reason why problem solvers make the lives of their supervisors easier and are therefore considered for bump ups whenever promotions are on the horizon. 2024: Happy New Year!