Megathos Law PracticeLegal advisers, that are commercially inclined

Creative problem solving, founded on traditional values.

Who We Are

We are most delighted to welcome you to Megathos Law Practice, where we help businesses become more profitable, solve legal and business problems, offer business intelligence, we advice individuals, companies, startups, SMEs multinationals and nations on investing in LNG, Oil and Gas, Intellectual Property, Agriculture, ICT, Franchising, Finance and Fintech in Nigeria and Africa as a whole.

On this site, we want to tell you more about Megathos Law Practice, the work we do, for our unique clients and the innovative approach we use to deal with legal and business challenges; and the innovative spirit, which drives our team to deliver consistently excellent results above and beyond your expectations.
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WHAT WE DODefining sustainable profitability together

As deal makers, we don’t just offer you our innovative legal services and products, we are keen on seeing you succeed. We understand, that in business, all our efforts, are geared towards helping, you, our client do business with ease.  As gas lawyers, we are able to help you structure your energy deals in a sustainable way.

Our lawyers, understand the fact, that the business world is changing faster than the speed of light, while we keep abreast of these changes, we make it our duty, to consistently innovate, to meet our client’s ever evolving needs.

We understand, you have high expectations of us, that is why we pledge to meet and exceed your expectations of us as business lawyers.

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COMMENDATION LETTERS

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Client Feedback

Letter of Commendation from The Federal Ministry of Petroleum Resources, for the review of the National Gas Policy
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MEGATHOS LAW PRACTICELatest news

Nigeria’s LNG sales fell 18% to N622bn in first quarter of 2023
June 13, 2023
Nigeria’s LNG sales fell 18% to N622bn in first quarter of 2023
The good people of Business Day asked for Megathos Law Practice thoughts on Nigeria earning N622 billion from exporting Liquefied Natural Gas (LNG) in the first quarter of this year, the lowest in five quarters according to new government data. According to the National Bureau of Statistics (NBS), Nigeria’s LNG sales dropped by 18 percent from 757 billion in the third quarter of last year. “Incessant attacks on oil and gas facilities, the rising cost of oil and gas production, need for newer drilling technology, and community issues reduced the amount of associated gas, which serves as feed gas for LNG companies to purify, liquefy and ship for export,” said Olufola Wusu, partner and head of oil and gas at Megathos Law Practice. “Other reasons include the migration from onshore to deep Offshore fields by the IOC’s, the maturity of the fields leading to a decline in output, the seeming unwillingness to drill new wells, and the initial delay in setting up a bid process to allocate new oil and gas blocks.” Wusu added that the delay in expediting drilling for non-associated gas, in natural gas wells in the prolific deep offshore fields also contributed to the dip in natural gas sales. To read more via Businessday.
May 25, 2022
Review of Money Laundering (Prevention and Prohibition) Act, 2022
Introduction to the Nigerian Money Laundering Act 2022 •Prior to the evolution of the Money Laundering Act 2022, the Money Laundering Act 2011 was in effect with a few notable gaps. •The Money Laundering Act of 2011 did not specifically establish the Special Control Unit under the Economic and Financial Crimes Commission (SCUML). •Nigeria is Africa’s top technology hub, Nigeria has four Fintech unicorns – Interswitch, Flutterwave, Andela and Opay – who have all attained valuations of over $1 billion. •The Money Laundering Act 2022 which was graciously signed into law by the President of Nigeria, should lead to more regulatory certainty and help catalyze the growth of the Financial industry in Nigeria. •Several foreign investors are taking advantage of Nigeria’s ranking as one of the leading financial ecosystems in Africa to invest in Nigeria’s digital economy. •The Megathos Law Practice Update, Review of Money Laundering Act of 2022_Megathos Law Practice, will lead and guide you and your teams through the business opportunities available in the Money Laundering Act 2022 in Nigeria. To learn more about the business opportunities available in the Money Laundering Act 2022, please click on this link : www.megathoslaw.com

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MegathosLaw Practice is an international legal practice.

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