Search results
Results from the WOW.Com Content Network
The Law of Nigeria consists of courts, offences, and various types of laws. Nigeria has its own constitution which was established on 29 May 1999. The Constitution of Nigeria is the supreme law of the country. There are four distinct legal systems in Nigeria, which include English law, Common law, Customary law, and Sharia Law.
An insured buy–sell agreement (triggered buyout is funded with life insurance on the participating owners' lives) is often recommended by business-succession specialists and financial planners to ensure that the buy–sell arrangement is well-funded and to guarantee that there will be money when the buy–sell event is triggered.
A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3]
Customary law is a recognized source of law within jurisdictions of the civil law tradition, where it may be subordinate to both statutes and regulations. In addressing custom as a source of law within the civil law tradition, John Henry Merryman notes that, though the attention it is given in scholarly works is great, its importance is "slight ...
The ethnic customary law in Nigeria is Indigenous, and this system of customary law applies and is valid to members of a specific ethnic group. [16] Muslim law is a religious law that is solely based on the Muslim faith and applies to the members of such faith. In the nation of Nigeria, it is not an indigenous law; it is a received customary ...
Nigerian Books of Record (NBR) is a reference / Official Book of Record of the Federal Republic of Nigeria for documenting good records held by Nigerians. It is a collection of human achievements categorized into education, literature, agriculture, medical science, business, sports, nature, adventure, radio and cinema etc. [1] [2]
In the case of life insurance, there is a possible motive to purchase a life insurance policy, particularly if the face value is substantial, and then murder the insured. Usually, the larger the claim or the more serious the incident, the larger and more intense the ensuing investigation by police and insurer investigators. [35]
The Privy Council, reversing the judgments below, [5] held that although the territory of the Lagos Colony had been ceded to the imperial Crown in 1861 under the Lagos Treaty of Cession [5] and the Crown thereby acquired allodial title to the land, the Crown held only a "limited right of administrative interference" with the land and was required to pay compensation for using it.