<br/>Temitayo A. Ojeleke was educated at the Obafemi Awolowo University (OAU) Ife and was admitted to the Nigerian Bar in 1999. First, in view of the requirement of Section 31(1) of the Act for submission of a succession plan to the Board in respect of every expatriate place held by a company, immediate steps should be taken by traders to make sure that their succession plan for the gradual substitute by certified Nigerian personnel of its expatriate personnel is in conformity with the maximum four 12 months period.<br/><br/>The above demonstrates the truth that the level of Nigerian content material achieved by an entity operating in the Industry, and not essentially the shareholding of such entity, could be the figuring out factor in ascertaining compliance with native content material provisions. Bode has practiced taxation, finance, company and commercial regulation on the highest ranges in Nigeria.<br/><br/>Some readability by the Board is thus required relating to the particular regulatory body responsible for regulating these and different Nigerian content matters, as the potential for paperwork and the duplication of regulatory authorities for the same processes could be very actual and can clog the wheels of the business Nigerian Corporate Commercial Law Practice of buyers. Pursuant to Section 21(c), an outline of company ownership (foremost shareholders by share) of bidders? is required to be submitted to the Board earlier than an invitation to tender is issued by an operator, venture promoter or alliance partner for any contract.<br/><br/>On this regard, the current remarks of the Government Secretary of the Board ought to nevertheless be famous that any partnership arrangement between a Nigerian firm and a foreign investor must genuinely reflect the Nigerian stake hold fairly than merely having the Nigerian company play second fiddle to the overseas investor. He is at present the lead authorized adviser to the largest Liquefied Petroleum Gasoline (LPG) offtakers club in Nigeria, and a consortium at the moment endeavor a multi-billion naira transport and actual property construction mission in Lagos State, Nigeria's commercial Capital.<br/><br/>She is at present in the final phases of a Masters in Legislation Degree from the same university. Fadeke advises quite a few start-up corporations within the building and oil and fuel sector on authorized aspects of their commercial transactions. He obtained his LL.B diploma from the Obafemi Awolowo University in 1998 and was called to the Nigerian Bar in 1999. Emmanuel has a ardour for Environmental Law and has in depth experience on this regard. His work expertise features a stint at the Nigeria LNG Ltd, and various high tier legislation firms.