Marcus-Okoko & Co

[Marcus-Okoko & Co @MarcusOkokoLP]

Is your business SCUML-registered? CAC + tax ≠ compliance.

Money Laundering Act 2022 requires all DNFBPs to register with SCUML before operations. Real estate, lawyers, accountants, hotels, auto dealers, supermarkets, luxury goods dealers, etc.

Compliance starts day 1.

#MO

[Marcus-Okoko & Co @MarcusOkokoLP]

0.5% import levy sounds small, but it hits trade compliance + business costs hard.

Applies to non-African goods entering Nigeria to fund regional/international dev institutions.

Importers: factor regulatory charges into landed cost, pricing + supply chain.

#Compliance #MO

[Marcus-Okoko & Co @MarcusOkokoLP]

Expenses incurred for the repair of machinery used in production activities are deductible for the purposes of calculating adjusted profits for companies in Nigeria's upstream petroleum sector.

#MO #Nugget
#Nigeria #upstream
#petroleum

[Marcus-Okoko & Co @MarcusOkokoLP]

A patent will lapse where the prescribed annual fee for the patent is not paid within the stipulated time, and after the six-month grace period given by the Patent Registry

#MO #Nugget
#patent #registry
#entertainment #law
#abuja #corporate
#commercial #law #Fiirm

[Marcus-Okoko & Co @MarcusOkokoLP]

Are your non-competes actually enforceable?
Courts now toss broad clauses that just block people from working. They must protect real interests: trade secrets, clients, team stability.
Scope + duration + geography matter. Generic templates fail.

#EmploymentLaw #NonCompete

[Marcus-Okoko & Co @MarcusOkokoLP]

Stakholders that offer contactless payments services are required to render monthly returns on all contactless payment transactions to the CBN

#MO #Nugget
#regulatorycompliance
#cbn #stakholders

[Marcus-Okoko & Co @MarcusOkokoLP]

Environmental compliance is now a core legal duty in Nigeria’s upstream oil & gas, not box-ticking. PIA 2021 Sec 102: operators must file an EMP with NUPRC within 6 months of licence. No EMP + capacity = no approval. ESG is the new licence to operate.

#MO
#OilAndGas #ESG #PIA

[Marcus-Okoko & Co @MarcusOkokoLP]

Happy Children's Day!

To our future leaders and innovators.

You make the world a better place just by being in it. Never lose your beautiful spark and curiosity.

#MO #2026 #nigerians
#childrens #daycelebration

[Marcus-Okoko & Co @MarcusOkokoLP]

Eid Mubarak!

May this season bring peace, joy, and blessings to you and your family.

#MO #Eid
#Adha #Muslim

[Marcus-Okoko & Co @MarcusOkokoLP]

A film or video work to which any matter has been added or excised after it had been approved for exhibition shall be re-submitted for censorship and the previous approval thereof shall be deemed null and void.

#MO #Nugget
#entertainment
#law #cersorship

[Marcus-Okoko & Co @MarcusOkokoLP]

Marcus-Okoko & Co. is proud to announce that our Principal Partner, *Mrs. Diane Okoko, FCIArb*, has been elected 1st Vice President of the African Arbitration Association (AfAA).

A milestone for the Firm and for women in ADR across Africa.

Congratulations, Diane!

#ADR #AFAA

[Marcus-Okoko & Co @MarcusOkokoLP]

Paying salaries isn’t the end of your tax duty.

Under Nigerian law, employers are tax agents for PAYE. You must deduct _and_ remit correctly. If you don’t, you risk penalties, audits, and reputational damage.

With 2026 digital tax reforms, FIRS is catching errors faster.

#Tax

[Marcus-Okoko & Co @MarcusOkokoLP]

Drones are transforming logistics, agriculture, security & infrastructure in Nigeria. But the law moves fast too.

Under NCAA rules, commercial drone ops need registration, pilot licensing, safety assessments, airspace authorization, insurance & security clearance.

#MO #Nugget

[Marcus-Okoko & Co @MarcusOkokoLP]

Think board minutes & resolutions are outdated in 2026? Think again.
CAMA 2020 modernized execution, but didn’t remove corporate formalities. Poor records = shareholder disputes, unenforceable contracts, failed due diligence & regulatory risk.

Governance isn’t admin.

#CAMA2020

[Marcus-Okoko & Co @MarcusOkokoLP]

All registered businesses in Nigeria with foreign participation are required to be registered with the Nigerian Investment Promotion Commission within 3 months of commencement.

#MO #Nugget #best #abuja #law #firm #finance #investment

[Marcus-Okoko & Co @MarcusOkokoLP]

The biggest threat to family businesses isn’t competition, it’s succession without structure.

Without documented plans, disputes over ownership and control can destroy wealth built over decades. Governance, shareholders’ agreements, trusts, and clear transfers are essential.

[Marcus-Okoko & Co @MarcusOkokoLP]

One word like “organic” can trigger legal exposure.
Food labels = regulated speech, not branding. “Natural,” “organic,” “healthy” have strict legal definitions. If it misleads consumers, you risk fines + lawsuits.
Substantiate claims. Use legal definitions. Ads count too.

[Marcus-Okoko & Co @MarcusOkokoLP]

What if your best-seller is being copied right now?
Counterfeits don’t announce themselves. They quietly kill sales + trust.
Defend your brand:
1. Secure legal ownership , trademarks, designs
2. Monitor online + offline
3. Swift takedowns
4. Enforce consistently

[Marcus-Okoko & Co @MarcusOkokoLP]

The contractor vs employee line is redrawing the gig economy.

As global classification tests tighten, platforms face fines, back-pay, and model collapse.

Misclassification is now a C-suite risk. Compliance is the new growth strategy.

#MO #LabourLaw #GigEconomy #Compliance

[Marcus-Okoko & Co @MarcusOkokoLP]

Happy International Workers’ Day!

Today, we celebrate the heart and hustle behind our progress. Your resilience and dedication aren't just valued, they are the very engine of our national growth and economic success.

Thank you for your commitment and excellence.