An accused person can be convicted on the basis of his confessional statement alone once shown to be free, voluntary, positive, direct and unequivocal, reason being that the strongest evidence establishing the guilt of an accused person is his own confession.
The legal framework governing venture capital firms and investments provides stability and protection, encouraging both local and international investors to participate in Nigeria's vibrant start-up ecosystem. By addressing challenges and leveraging opportunities, Nigeria can further strengthen its position as a leading destination for venture capital investments in Africa, contributing to the country's long-term sustainable development.
Garnishee proceeding is a fundamental procedure for the enforcement of a judgment debt. The aim is to ensure that a judgment is not rendered nugatory or a judgment creditor denied the fruits of his judgment. However, the intricacies of the law must be adhered to strictly otherwise, the entire proceeding may be invalidated on appeal.
The lack of a centralized legal or institutional framework for the regulation of project financing in Nigeria makes it near impossible to adequately regulate project financing in Nigeria as all that is available are laws that affect transactions surrounding project financing. There is therefore a need for appropriate centralized laws that can aid project financing in Nigeria and encourage foreign investment.
In the years to come, the successful implementation of this regulation has the potential to reshape the landscape of the Nigerian oil and gas industry. This reshaping will not only increase its efficiency and competitiveness, but also elevate its role as a global leader in innovation and sustainability. Ultimately, the Nigerian Oil and Gas Research and Development Regulation 2021 embodies Nigeria's commitment to shaping a future where energy resources are harnessed thoughtfully, driving progress while safeguarding the environment for generations to come.