Research Articles in Private and Property Law

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Analysis of the Legal Framework Governing Gas Flaring in Nigeria’s Upstream Petroleum Sector and the Need for Overhauling
(MDPI, 2020-07) Olujobi., Olusola Joshua
Nigeria is rated the number one producer of crude oil in Africa. Still, oil exploration activities have resulted in a high rate of gas flaring due to weak enforcement of the anti-gas flaring laws by the regulatory authorities. Associated natural gas is generated from oil production, and it is burnt in large volumes, thereby leading to the emission of greenhouse gases and waste of natural resources which could have generated billions of dollars for the Federal Government of Nigeria. There are concerns that if nothing is done to curtail this menace, humans and the environment will be imperiled due to its negative consequences. There is therefore a need to decrease gas flaring by replicating the strategies applied in the selected case study countries to combat the menace. It is relevant to carry out this analysis to reduce greenhouse gas emissions in the oil industry for the sustainability of the energy sector and to generate more revenues for the government. This study provides guidelines for legislatures on suitable approaches to adopt for formulating an anti-flaring legal framework. The study is a comparative analysis of national legal regimes on gas flaring in Nigeria, Canada, the United Kingdom, Saudi Arabia, and Norway. The study adopts a doctrinal legal research method, a point-by-point comparative approach with a library-based legal research method. The study finds that weak enforcement of laws is a critical factor responsible for the menace. It recommends the use of more advanced technologies, a sophisticated mixture of regulations and non-regulatory incentives such as fiscal policies and gas market restructuring, and pro ers further suggestions based on the lessons learnt from the selected case study countries.
Annulment of Oil Licences in Nigeria’s Upstream Petroleum Sector: A Legal Critique of the Costs and Benefits
(International Journal of Energy Economics and Policy, 2017) OLUJOBI, Olusola Joshua; Oyewunmi, Olabode Adeleke
Owing to various reasons, tenable and untenable, successive governments in Nigeria have annulled licenses duly granted to identifiable upstream petroleum operators. With due sense of circumspect, when irregularities manifest in the process and the grant of substantive licences, such does not vest in the government an unfettered right to annul the licence. There are evidences of such occurrence in spite of established procedures regulating annulments, commonly referred to as revocation or cancellation. This paper is a critique of the annulment of oil licenses and the associated contractualregulatory dimensions. The validity of the Federal Government’s actions also comes to the fore, particularly in the light of renewed drive to attract investments into the upstream sector. Thus, as some benefits are accruable to the players, it is also important to appraise the consequential costs attributable to undue annulment of oil licenses. The paper adopts a descriptive analytical method of available facts, expounds requisite statutory provisions and utilizes judicial precedents to highlight the context of the study. It is imperative that the Federal Government adheres to established procedures on oil license annulment, as a contrary posture will amount to several negative outcomes.
Application of the Laws of Defamation and Sedition in Nigeria's Jurisprudence: Still Relevant?
(Journal of Advanced Research in Law and Economics,, 2017-03) IYOHA, Odianonsen Francis; OLUJOBI, Olusola Joshua; OYEWUNMI, Olabode A.
The prevalence of defamatory and seditious statements in Nigeria prompts some degree of investigation. These actions typically occur on the platforms of radio, television, public debates, political meetings as well as other public gatherings Moreover, several persons indulge in this illegality under the 'guise' of exercising their constitutional right of expression. The objective of this paper is to ascertain the continued relevance of the law of defamation and sedition in Nigeria, coupled with a need to overhaul the legal framework in this respect. Hence, due engagement with mass media organizations and civil society groups provides a veritable mechanism to mitigate incidences of defamation and sedition.
THE APPRAISAL OF LEGAL FRAMEWORK REGULATING GAS FLARING IN NIGERIA’S UPSTREAM PETROLEUM SECTOR: HOW EFFICIENT?
(International Journal of Civil Engineering and Technology (IJCIET), 2019-05) OLUJOBI, Olusola Joshua; Olusola-Olujobi, Temilola
Nigeria is ranked one of the main producers of crude oil in Africa and due to this, oil exploration activities have occasioned high rate of gas flaring which was intensified by poor enforcement of anti-gas flaring laws by the regulatory authorities. Associated natural gas is generated from oil production and it is flared in large volumes, thereby leading to the emission of greenhouse gases and a waste of natural resources which could have potentially spawned billions of dollars for the Federal government. Nigerians are apprehensive that if nothing is done to combat this menace, the environment and man will be at risk due its damaging consequences. There is therefore the need to stop gas flaring by replicating the approaches used in the relatively advanced petroleum countries like Norway to tackle the menace. The research is an appraisal of legal frameworks regulating gas flaring in Nigeria’s Upstream Petroleum Sector. It is a doctrinal legal research that adopts a library based research approach. Weak enforcement and ambiguity of some anti-gas flaring laws are largely identified as the key factors responsible for the menace. It recommends the use of more advanced technologies, sophisticated mixture of regulations and none-regulatory incentives such as fiscal policies, gas market restructuring and proffer practical suggestions.
Change management and capacity utilisation: A critical requirement for business sustainability among small and medium-sized enterprises (SMEs) in Nigeria
(International Journal of Innovation, Creativity and Change., 2020) Ufua, Daniel E.; Osabohien, Romanus, A.; Imhonopi, David; OLUJOBI, Olusola Joshua; Ogbari, Mercy.E.
This study focuses on the practice of change management and operational resilience among Small and Medium Enterprises (SMEs) in Nigeria. The research adopts an empirical approach, relying on secondary data sourced from the 2014 enterprise survey of the World Bank and applied the logit regression analysis. Results showed that product development and experience are statistically significant and positively related to capacity utilisation. While political instability, spoilage (loss of product in transit, due to theft, breakage or spoilage) and financial constraint are negatively related to capacity utilisation. This implies that the increased level of product development is capable of increasing capacity utilisation by approximately 0.4, 0.5 and 0.7 units, respectively. In the same way, the manager's experience increase capacity utilisation by 0.44units, which conforms to the ‘a priori’ expectation, for managers to be resilient, the experience is highly required. Similarly, the results show that political instability is statistically significant and has negative (0.61, 0.69, 0.50, 0.80 and 0.65) impacts on capacity utilisation. Based on findings, the study recommends the need for further research to consider other approaches such as longitudinal research, comparative research to unearth learning about the factors that affect change management practice. It is also suggested for further research to consider critical change management effects such as resistance and ethical balance in practice, especially in developing economy like Nigeria.
Combating insolvency and business recovery problems in the oil industry: proposal for improvement in Nigeria's insolvency and bankruptcy legal framework
(Heliyon, 2021-01) OLUJOBI, Olusola Joshua
Insolvency and business recovery laws in Nigeria have not evolved to incorporate reorganisation, reforming insolvent oil firms' operations to boost commercial oil firms' steadiness and economic suitability like other moderately developed countries. In Nigeria, liquidation is understood by many as the panacea to indebtedness. The research evaluates the Nigerian insolvency and business recovery legal regime to sustain indebted oil firms from economic shocks due to the global decline in the oil price to avert imminent business failures due to insufficient cash flows. The aim is to fill the gaps in Nigeria's insolvency and business recovery laws by recommending a model for the sustenance of oil firms and to suggest the reform of the gaps identified in the existing laws and the extant literature on the subject. The paper opted for conceptual legal review, comparative legal and policies analyses of solvency and business recovery legislations in Nigeria, Malaysia, India, South Africa, the United Kingdom and the United States. These nations were designated for this study because their insolvency and business recovery legal regime are business rescued driven, not winding up centred. The study is library researchbased to address some of the flaws in Nigeria's insolvency and business recovery laws. The study finds that Nigerian legislation on insolvency is flawed in oil firms' salvage, improvement and rearrangement. It ends that, statutory bodies in the designated case study nations are efficient than those in Nigeria due to the strong political will of their governments in supporting insolvent oil firms for successful financial recovery, to safeguard jobs, to protect creditors and to enhance the wealth of their nations through sound business recovery policies and laws. The study, advocates, remodel of Nigeria's insolvency and business recovery legislations and policies in compliance with the international standards on insolvent oil firms salvaged and creditors focused policies for a robust economy. The study concludes with the recommendation for further study to consider quantitative analysis research methodology to project further scholarship on the subject.
Commercial Dispute Resolution: Has Arbitration Transformed Nigeria's Legal Landscape?
(2018-03) OLUJOBI, Olusola Joshua; ADENIJI, Adenike A.; OYEWUNMI, Olabode A.; OYEWUNMI, Adebukola E.
The adoption of arbitration in the light of its well established attributes promotes confidence levels in the general businesses environment, enhances institutional trust, whilst also developing practical compromise resolution mechanisms. However, Nigeria, a developing economy has not matched policy intent with commercial realities, particularly in terms of broad based integration and utilization of arbitral tools. This trend is not sustainable in the light of the renewed efforts to promote enhanced justice delivery; lower administrative costs and the urgent need to optimize the capabilities of the judicial arm of government. The paper assessed specific arbitral provisions of selected, State High Court Civil Procedures Rules, and on this basis critiqued the arbitral visibility and incorporation relative to established legal processes. Amongst other salient issues, a robust application of arbitration is recommended especially in view of the peculiarities of Nigeria's legal processes, judicial institutions, evolving political and social-economic indicators.
COMPARATIVE APPRAISAL OF ANTICORRUPTION LAWS: LESSONS NIGERIA CAN LEARN FROM NORWAY, UNITED KINGDOM AND UNITED STATES’ ANTI-CORRUPTION STRATEGIES
(International Journal of Management (IJM, 2020-07) OLUJOBI, Olusola Joshua; OLUJOBI, Oluwatosin Michael
The study undertakes comparative legal and policy analyses of corruption in the upstream petroleum sectors of Nigeria, Norway, the United States, and the United Kingdom. These countries were selected as case studies because they are rich in petroleum resources with favourable Transparency International annual rankings and due to their status as relatively advanced petroleum jurisdictions with stringent anticorruption laws. The study is a doctrinal legal research that adopts a point-by-point comparative approach with library research method. The study reveals that corruption thrives on the weak enforcement of anti-corruption laws and lack of political will in providing effective regulatory intervention. In conclusion, the study finds that anti-corruption agencies in the selected countries are more effective because of their governments’ political will to combat corruption, as well as adequate or sufficient budgets and the strict enforcement of their laws in contrast to Nigeria. It recommends among other reforms, soft law approach and strict enforcement of anticorruption laws for transparency in the upstream petroleum sector of Nigeria.
Comparative appraisals of legal and institutional framework governing gas flaring in Nigeria’s upstream petroleum sector: How satisfactory?
(Environmental Quality Management, 2020-07) OLUJOBI, Olusola Joshua; Olusola-Olujobi, Temilola
Nigeria is rated number one producer of crude oil in Africa, and owing to this oil exploration activities have resulted to a high rate of gas flaring, which was intensified by poor enforcement of anti-gas flaring laws by the regulatory authorities. Associated natural gas is generated from oil production, and it is flared in large volumes, thereby leading to the emission of greenhouse gases and a waste of natural resources which could have possibly generated billions of dollars for the Federal Government of Nigeria. There are concerned that if nothing is done to curtail this menace, the environment and man will be at peril due its negative consequences. There is therefore the need to abate gas flaring by replicating the strategies applied in the selected relatively advanced petroleum countries to combat the menace. The study is a comparative analysis of national legal regimes on gas flaring in Nigeria, Canada, the United Kingdom, and Saudi Arabia. The study adopts a doctrinal legal research method with point-by-point comparative approach with library-based legal research method. Weak enforcement of laws is largely identified as the key factor responsible for the menace. The study recommends the use of more advanced technologies, a sophisticated mixture of regulations and nonregulatory incentives such as fiscal policies and gas market restructuring. It offers further suggestions based on the lessons learnt from the selected case study countries.
COMPARATIVE EFFECT OF SELECTED TREE LEGUMES ON PHYSICO-CHEMICAL PROPERTIES OF AN ALFISOL IN EKITI STATE
(ARPN Journal of Agricultural and Biological Science, 2016-03) OLUJOBI, Olusola Joshua
Soils in the tropics commonly suffer from multiple nutrient deficiencies due to continuous cultivation. The negative impact of in organic fertilizer on soil and environment appears to have made its application on soil to be less effective. This study thus examined the effect of tree legumes on physio-chemical properties of an alfisol. Soil samples from three year fallows of Senna siamea, Gliricidia sepium, Leucaena leucocephala and natural fallow were collected at 0- 15 cm and 15-30 cm depth. The samples were analyzed using standard laboratory procedures. The result revealed that leguminous species improved the textural class of the soil from loamy sand to sandy loam at 0-15 cm depth. Bulk density along the soil depth increases under agroforestry species fallows than the natural fallow. Chemical properties along the soil depths significantly (p < 0.05) improved under leguminous fallows with pH range (7.02-7.19), N (0.61% - 2.79%) and P (211.71ppm - 242.11ppm) when compared with the soil under natural fallow with pH (5.96 - 6.77), N (0.10% - 0.73%) and P (206.15ppm-224.88ppm) Also there is a significant reduction in values of Na (66.29ppm- 50.48ppm ) and K (75.52ppm -52.22ppm) in soils under agroforestry species along the soil depth, when compared with natural fallow Na(74.21ppm - 67.83ppm) and K (90 .0ppm - 76.66 ppm).
Consumer Behavior towards Decision Making and Loyalty to Particular Brands
(International Review of Management and Marketing, 2015) Oke, Adunola Oluremi; Kamolshotiros, Parinda; Popoola, Oluwamayowa Yewande; Ajagbe, Musibau Akintunde; Olujobi, Olusola Joshua
Currently, consumers pay more attention to their health; there is a growing awareness of health benefits of healthy drinks such as the green tea. Green tea is a popular healthy drink that helps prevent many deadly diseases. There are increasing numbers of green tea manufacturers around the world especially in Thailand. This industry has overwhelmingly expanded due to high consumers demand and purchases. Previous studies show that the market of green tea beverage in Thailand is worth nearly 9000 million baht. The most popular green tea brand in Thailand known as “Oishi” accounts for over 50% of the total market share and as a result of the growing demand for this product, its market worth and benefits to the consumers, there is need to look at the consumers’ behavior towards the product. Hence, the purpose of this study is to explore the determinants of consumer behavior and decision making towards loyalty to Oishi green tea. A survey method using well-constructed questionnaire was administered to 50 consumers. The researchers utilized the Statistical Package for Social Sciences (SPSS version 19.0) as data analysis tool to run the analysis such as the Chi-square and correlation analysis. The findings of this study shows that the factors influencing Thai consumer decisions toward Oishi beverage green tea are perception values (brand awareness, brand association and brand loyalty) and perceived quality. In addition, there is a positive link between decision making and consumer loyalty behaviors which are re-purchasing and word-of-mouth behavior. This study discovered that apart from the four main factors well-thought-out in the literature review, there are other numerous factors (such as convenience to buy, taste, flavors, price and packaging) that influence consumer decision to buy and consume the Oishi green tea. Based on these findings, this study provides consciousness for further marketing research development and also the strategies for planning an efficient marketing strategy in responding to consumer needs.
Corporate Regulation of Unethical Practices: Assessment of Nigeria’s Commercial Banking Industry
(International Journal of Economics and Financial Issues, 2017) Oyewunmi, Olabode A.; Olusanmi, Olamide; OLUJOBI, Olusola Joshua; Adegboye, Folashade
Evidently, a culture of due compliance has been eroded on multiple levels within Nigeria’s commercial banking industry. Hence, corporate values and professional ethics are being sacrificed on the grounds of; being competitive, returning impressive profit margins and increasing market share. Historical antecedents and emerging trends indicate the long term adverse effects of corporate malpractices, especially when left unmitigated by affected stakeholders. The appreciable decline in global oil prices has reenergized corporate regulatory oversight in Nigeria. The aim in this regard and as widely publicized; is to sanitize the wider business environment and importantly renew the public trust, domestically and internationally. Apparent trends of insider dealing practices subsist in Nigeria’s banking industry, even though very limited conclusive cases are available for exhaustive analysis. This fact is further validated by the various interventions of the requisite regulatory agencies, coupled with the local and international commentaries in this regards. Instructively, deployment of statutory-oversight by the requisite agencies has prevented a systemic collapse of banking industry. The paper also succinctly explored the essence of the stakeholder theory, as a basis to validate the necessity of corporate regulatory intervention. Relevant evidences, specific statutes and others verifiable sources utilized to expound on the theme of the paper. It is opined that there must be active collaborations between corporate stakeholders and the regulatory structures, particularly against the backdrop of Nigeria’s unfolding socio-economic peculiarities.
A Critical Analysis of the Role of Courts in Determining Breach of Duty of Care in the Law of Torts
(2021-05) Udemezue, Sylvester; Ojeih, Chukwunye Augusta
To succeed in an action for negligence under the law of torts, a plaintiff must prove that the Defendant owed to the plaintiff a duty of care, that the Defendant had violated that duty of care, and that the plaintiff suffered some injury as a result of the breach of duty of care. Accordingly, before going into the question as to whether a breach of the duty has occurred, it is necessary to first resolve the issue as to existence or otherwise of a duty of care and the degree of such duty as well as standard of care. It is only after this that an examination into the actions of the defendant and as to whether a breach has occurred, would become necessary. This paper undertakes a critical look into involvement and attitude of the court over the years in resolving the question of breach of duty of care under the Law of Torts. Beginning with a cursory look at duty of care and the neighbor principle as enunciated in Donoghue v. Stevenson as well as the factors that determine existence or otherwise of duty, the paper proceeds for purposes of proving breach of duty, to determine the expected standard of care, the reasonable man’s test and the doctrine of Res Ipsa Loquitur. Then follows a consideration of what prevailing attitude of courts of law to (classes of defendants in cases relating to) breach of duty of care is, and a conclusion that acknowledges the continuing nature of discussions on breach of duty of care, especially in view of the wide and flexible nature of the subject and the fact it is more often than not, affected by numerous, sometimes unanticipated and unanticipatable circumstances.
A CRITICAL APPRAISAL OF LEGAL FRAMEWORK ON DEREGULATION OF THE DOWNSTREAM SECTOR OF THE NIGERIAN PETROLEUM INDUSTRY
(International Journal of Management (IJM), 2020-06) OLUJOBI, Olusola Joshua; OLUJOBI, Oluwatosin Michael; UFUA, Daniel E.
The study seeks to explore the need for total deregulation of the downstream sector of the Nigerian petroleum industry to address inefficiencies in the sector to promote adequate supply of petroleum products through regulatory reforms and by making reference to the experiences of other relatively advanced jurisdictions to strengthen Nigeria’s downstream petroleum sector’s laws. The work adopts a conceptual approach relying on extant literature with the application of the doctrinal legal research method. The study also makes use of primary and secondary sources of laws such as statutory and judicial authorities. The key finding is the overbearing presence of the Federal Government in the sector and inappropriate pricing of petroleum products which have made the sector unattractive to private investors due to excessive regulation of the sector. The research proposed a model to end incessant hike in the price of fuel. The research ends with suggestions based on the findings the need for sophisticated mixture of regulations and non-regulatory incentives for investments in the sector and advocates speedy passage of the Petroleum Industry Governance Bill to encourage private investors and to eliminate subsidy regime being a source of corruption in the sector.
Effect of Wildlife Species on the Activities of Agroforest Farmers in Ekiti State
(Journal of Agriculture and Environmental Sciences, 2013-01) OLUJOBI, Olusola Joshua; Sale, F .A; Akande, O. M.
Continued reduction and fragmentation of natural habitat and feeding site for wildlife species through man’s developmental activities, has led to the encroachment of wildlife population into the adjacent farm land to search for food, thereby leading to destruction of agroforestrytrees and crops.This study examined the effect of wildlife species on activities of agroforest farmers in Ekiti State forest reserves. The study area was stratified on the basis of vegetation into two zones (rain forest and derived savannah zones). Eighty pretestedquestionnaireswererandomly administered to farmers for collection of data. Information obtained revealed that majority of the respondents are married (93%), middle age (50%) men (60 %). Mammals and aves contitutes the highest group of animals present.The respondents opined that wildlife species impact both negatively and positively on their trees and crops. Some of the damages done by wildlife to trees and crops includes; cutting, uprooting, trampling, defoliation, browsing of young shoot and leaves and plucking of fruits.Finally the result shows that control measure such asthe use of dog, chemical, trapping, scared off by guards, hunting, poison,use of charm and use of human statue, were employed to checkmate the activities of these animals on farmers farmlands.
Ficus asperifolia Miq-enriched biscuit diet protects against L-NAME induced hyperlipidemia and hypertension in rats
(Food Frontiers, 2021-06) Ajeigbe, Olufunke Florence; Oboh, Ganiyu; Ademosun, Ayokunle Olubode; Oyagbemi, Ademola Adetokunbo
Dietary sources of functional foods and nutraceutical have shown strong potentials in the management of hypertension and its complications. Sandpaper leaves, Ficus asperifolia Miq (FA), particularly found in Africa has a rich folkloric history in the management of diabetes and hypertension. This study produced biscuits supplemented with blends of FA at 2.5% and 5% fed to Nw (G)-nitro-L-arginine-methyl-ester (L-NAME, 40 mg/kg/day) induced-hypertensive rats for 14 days followed by the assessment of blood pressure, lipid profile, and atherogenic index in hypertensive rats. The phenolic constituents of FA blends were analyzed using high-performance liquid chromatography diode-anode (HPLC-DAD). Thereafter, the mean arterial blood pressure (MABP) and systolic blood pressure (SBP) was measured using the tail-cuff method afterwhich the heart and lungs of ratswere collected, weighed, and the antioxidant status and lipid cholesterol profile were assessed. We realized that recorded phenolic constituents in extracts of FA was at a high level and FA enriched biscuit-diet caused a significant decrease in SBP and MABP in L-NAME-induced hypertensive rats, body weight, atherogenic index and cholesterol profile in treated rats. However, FA enriched biscuit resulted in increased activities of catalase (CAT), superoxide dismutase (SOD), and glutathione-S-transferase (GST) antioxidant enzymes in the heart and lungs of hypertensive rats. This study revealed that FA enriched biscuit-diet does not only have antihypertensive and antioxidant potential in L-NAME-induced hypertensive rats but also plays a protective role in themanagement of hyperlipidemia.
Fundamental Human Rights, Polices of a Nigerian Private Mission University and the Safety of Students: Critical Analysis
(The Journal of Social Sciences Research, 2018) Omonijo, Dare Ojo; OLUJOBI, Olusola Joshua; Anyaegbunam, Michael Chibuzor; Nnatu, Stella Obioma; Adeleke, Victoria Ajibola
This article employed secondary data to critically examine policies, mission and vision of a private mission university in line with fundamental human rights and the safety of students. The high rate of violence and criminal activities across Nigeria seems to have given credence to such policies in as much as such policies emphasize students‟ safety and development. Therefore, academic freedom and students‟ fundamental human rights should be exercise within the policies designed to ensure students safety and development. In the past and in recent times, studies have explored several areas of student safety and development, most especially in developed nations where priority is placed on student affairs administration, but such efforts are yet to be examined in the literature emanating from Nigeria despite several criticism against the policies of the university. Contrary to the belief of many critics, violation of fundamental human rights does not exist in the university under study; instead, stringent policies and procedures attached to the actualization or implementation of such policies are in existence to safeguard students‟ safety and development. The study argued that the failure of some students to comply with the procedures attached to these policies seem to have created a scenario of violation which critics contend with. Thus, a stern look at these policies and their applicability to students‟ matters would have been better understood and appreciated instead of condemnation. However, the paper argued that implementation of policies should be exercised with caution, largely because disciplinary power is a sensitive issue and those exercising it must do so with thoughtfulness and in absolute good faith and in accordance with the rule of law.
INSOLVENCY LAW AND BUSINESS RECOVERY PRACTICES IN NIGERIA’S UPSTREAM PETROLEUM SECTOR: THE NEED FOR A PARADIGM SHIFT
(International Journal of Mechanical Engineering and Technology (IJMET), 2019-01) OLUJOBI, Olusola Joshua; Olusola-Olujobi, Temilola
Insolvency and business recovery practices are not at infancy stage in Nigeria, although it has not crystallized to a full profession as it is practiced in other relatively advanced climes. As the global financial sector evolves, the focus of modern insolvency and business recovery practices have shifted from winding up of insolvent oil companies to reorganization, restructuring of such companies and its operations to foster economic stability and financial propriety. But the case is the reverse in Nigeria, as liquidation is seen as the panacea to insolvency. The study evaluates Nigerian insolvency and business recovery laws to sustain modern businesses practices to prevent incessant corporate failure. Many jurisdictions are now overhauling their insolvency and business recovery laws to support business practices and to reform the gaps identified. The study conducts comparative legal and policy analyses of solvency and business recovery laws in Nigeria, Malaysia, India, South Africa, United Kingdom and United States. These countries were selected because their insolvency and business recovery laws are business rescue driven. The study is a doctrinal legal research that adopts a point-by-point comparative approach with library research method. The study finds that Nigerian law on insolvency seems deficient with regard to business rescue, turnaround and restructuring. It concludes that, regulatory agencies in the selected countries are more effective than those in Nigeria because of the political will of the governments of the former to successfully turn around insolvent oil companies, save jobs and protect creditors by optimising businesses through restructuring and business turnaround strategies. The study therefore recommends reform of Nigeria’s insolvency and business recovery law and practices in conformity with the global best practices on insolvent companies rescued and creditors driven strategies for healthy economy.
Interrogating the Teaching and Learning of Chemistry in Nigerian Private Universities: Matters Arising
(Journal of Education and Learning, 2021-05-14) Nkiko, Mojisola O.
The indispensability and vast career possibilities associated with Chemistry notwithstanding, there is a palpable growing decline enrollment in Chemistry in Nigerian universities, particularly the private universities. The paper interrogated the teaching and learning of Chemistry in Nigerian private universities with a view to re-awakening the students’ interest for effective mastery of the subject. It relied on secondary sources and critical analysis and found out that major inhibiting factors include: Students’ faulty foundation in Chemistry, syndrome of area of concentration, absence of competitiveness in the admission process, poor attitude of students and lecturers as well as the ambience for effective scholarship. The paper concluded that the current downturn in the students enrolment in Chemistry and the seemingly poor interest in the subject portend sufficient threat to the future of Chemistry, chemical-related industries and the replacement of ageing Chemistry lecturers in Nigeria. It recommended the following strategies to mitigate the vicious cycle: targeted tutorial system, adoption of digital modes of teaching and learning, problem-based learning, capacity building initiatives for Chemistry lecturers, quality assurance mechanism, overhauling science education at the primary and secondary school levels, need-based assessment and provision of quality materials as well as adequate funding.
Legal Framework for Combating Corruption in Nigeria -The Upstream Petroleum Sector in Perspective
(Journal of Advanced Research in Law and Economics, 2017-06) OLUJOBI, Olusola Joshua
Corruption in the Nigeria's upstream petroleum sector is a serious concern and a major challenge facing Nigeria. Successive governments in Nigeria have fought corruption for decades with insignificant success. The paper examines how Nigeria's anti-corruption legal regime can eradicate corruption in the sector and critically assesses our national anti-corruption laws. The writer adopts analytical method by placing reliance on secondary data such as academic journals, articles, statutes and textbooks. The writer discovers that, the challenge is not only with the existing anti-corruption legal regime but enforcement of the laws to achieve the desired objectives of combating corruption. The writer finds that, what is required on the part of the government in addition to legislative and institutional reform strategies is the strong political will to prosecute the alleged corrupt offenders and implementation of the letter and spirit of the law against corruption. The writer further discovers that, national anti-corruption laws are the most effective legal instruments that can address corruption in the sector. The paper therefore suggests some new measures that could be implemented to eradicate corruption such as improvement on some national laws to boost transparency, probity in the sector which is believed will reduce if not eliminate corruption in the sector.

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