Dear Subscriber, Easter symbolizes hope, renewal, and a new life. At IOC Law we pray that in this season you will experience the hope of new beginnings and success in your endeavors. As we celebrate the death and resurrection of Jesus Christ we are inspired by this video on how an Eagle survives old age. The morale is that we sometimes need to get rid of old memories, habits and other limitations in other to take advantage of the present. Enjoy and [...]
Dear Subscriber, Bob Marley died of cancer, at the age of 36, on May 11, 1981 and in the past 36 years his family and business acquaintances have constantly battled over control his estate which is currently valued at $130m and that legacy is not likely to end any time soon. Examples like this abound especially in Nigeria where there are cultural and religious inhibitions to estate planning. It is definitely not the intention of anybody to allow his/her assets become [...]
Dear Subscriber, Pioneer Status Incentive is a tax holiday granted to qualifying industries from the payment of corporate income tax for an initial period of three years, extendable for one or two additional years.The Nigerian government recently expanded the list of sectors that qualify for this tax exemption to include sectors like E-commerce, Animal Feeds Productions, Entertainment etc The apparent intent of this initiative is a bid to motivate Entrepreneurs to invest in these sectors and consequently diversify the Nigerian [...]
Dear Subscriber, Recently the National Assembly passed into law the Collateral Registry Act,2017 and the Credit Reporting Act, 2017 which are geared towards making access to finance easier for Small and Medium Scale Enterprises. For instance, the Collateral Registry Act broadly provides that Entrepreneurs can now use movable properties like cars, jewelry, farm produce, livestock etc. as collateral for commercial loans as against the usual demand for landed property. In a bid to stimulate awareness, we bring you an article written [...]
Dear Subscriber, Easter symbolizes hope, renewal, and a new life. At IOC Law we pray that in this season you will experience the hope of new beginnings and success in your endeavors. As we celebrate the death and resurrection of Jesus Christ we are inspired by this short video of a speech given by Mr. Art Williams, which has over the years inspired business people. Mr Art Williams had no business education or corporate management experience when he formed A.L. Williams [...]
For over a 100 years (1913 –till date), the Nigerian Constitution has been a working document, which outlines the basic structure of Government and also focuses on the rights of individual Nigerian Citizens. We, at IOC LAW realize that an informed citizenry is the first step towards the change we all desire and that is why this week’s edition of IOC Weekly outlines these fundamental rights in easily understandable language. It is our hope that understanding your rights will [...]
Did you know that an eagle knows when a storm is approaching long before it breaks? The eagle will fly to some high spot and wait for the winds to come. When the storm hits, it sets its wings so that the wind will pick it up and lift it above the storm. While the storm rages below, the eagle is soaring above it. The eagle does not escape the storm. It simply uses the storm to lift it higher. It rises [...]
Dear Subscriber, Cooperative Societies are a powerful and effective tool for wealth creation and investment. Many people have heard about them, but only few understand them and the immense opportunities they offer. Cooperatives have the capacity to reduce poverty, enhance job creation, encourage savings, reduce business risk and improve national productivity. Over the years the easy access to credit offered by Cooperatives ensured access to healthcare, payment of school fees, ownership of property, access to household items at reduced rates and [...]
It is no news that the Naira is on a free fall against major currencies including the United States Dollar which is approaching N500 in the parallel market. Some are nervous about the effects of this trend to the Nigerian economy especially because we are essentially an importing nation but the savvy entrepreneur will utilize this opportunity to earn foreign exchange by identifying and exporting the resources Nigeria has in abundance. We have however identified a knowledge gap in the [...]
A man was walking through a forest when he saw a crippled fox. “I wonder how it manages to feed itself?” He thought. At that moment, a tiger approached, carrying its prey in its mouth. The tiger ate its fill and left what remained for the fox. “If God helps the fox, he will help me too,” The man thought. He went back home, shut himself up in his house and waited for the Heavens to bring him food. (more…)
