MegathosLegally birthing your unique ideas into reality

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

As the mass resignation continues, more employees are looking to change jobs, with an emphasis on stock options, flexible working hours, a better work life balance and better pay. This has led to an increase in mobility of labour, with several employees becoming digital nomads, sometimes working two jobs at the same time. However, as you search for talent, it is important to understand the characteristics of the types of employees you have or plan to hire and the number of generations in the workplace so you can evolve appropriate H.R. policies to cater for the needs of “Boomers”, “Gen X”, “Millennials” and “Gen Z”. Being able to identify the type of workforce you currently have or are about to hire, can help prevent a lot of heartache for your H.R. Department or a stint at the National Industrial Court. In commemoration of labour day that was celebrated recently, this Megathos Law Practice update, Types of Employees you meet in the workplace _ Megathos Law Practice gives a brief overview of the type of employees you are likely to meet in the workplace… To learn more about labour laws in Nigeria please visit : www.megathoslaw.com

It is one thing to have a great business idea, another thing to gather the right team and to successfully raise the right amount of finance from the right sources to build the product that you have in mind. It was reported that African Startups raised $4.65 billion in 2021, about twice what was raised in 2020 and Nigerian Startups raised $1.37 billion in 2021. Nigerian Startups are making their mark on the global Startup scene! As it stands, we seem to be witnessing a global funding surge as large investors back high-growth tech Startups at a record rate. In this update, How to Raise Funding for Your Startup Megathos Law Megathos Law Practice gives a snapshot of how to raise funding for your Startup. Several foreign investors are taking advantage of Nigeria’s ranking as one of the leading Startup ecosystems in Africa to invest in Nigeria’s digital economy. Please seek guidance via the contact form of www.megathoslaw.com on how to set up a proper transaction structure, corporate governance and as regards Doing Business in in Nigeria without tears…? The Megathos Law Practice Update on how to raise funding for your Startup, will highlight funding opportunities in the Startup Industry. To learn more about how to raise funding for your Startup, please click on this link.  

It was reported that African startups raised $4.65 billion in 2021, about twice what was raised in 2020 and Nigerian startups raised $1.37 billion in 2021. Nigerian Startups are making their mark on the global Startup scene! As it stands, we seem to be witnessing a global funding surge as large investors back high-growth tech Startups at a record rate. Notwithstanding all the good news. There may be Possible Regulatory gaps in the Startup industry, which the Regulators will do well to address to ensure shareholder/investor confidence, safety of employees and consumer protection. Startups in Nigeria have succeeded in raising millions of dollars in funding. Some Startups have even surpassed the 1 (one) billion dollar valuation, thus becoming unicorns. In this update, Megathos Law Practice gives a snapshot of Possible Regulatory Gaps in the Startup Industry. Government Regulation vs A Self-Regulated Startup Industry… The United States subprime mortgage crisis was a financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial meltdown. This was caused in part by the widely touted myth, “that markets can mature to the point where industry players begin to self-regulate”. The reality is that Government through the relevant Regulatory agencies needs to play the role of “pater familias” in regulating the Startup industry.  Self-Regulation is a myth as far as “capitalism” is concerned! Several foreign investors are taking advantage of Nigeria’s ranking as one of the leading Startup ecosystems in Africa to invest in Nigeria’s digital economy. Please seek guidance via the contact form of www.megathoslaw.com on how to set up a proper transaction structure, corporate governance and as regards Doing Business in in Nigeria without tears…? The Megathos Law Practice Update Possible Regulatory Gaps in the Startup Industry, will highlight Possible Regulatory Gaps in the Startup Industry. To learn more about Possible Regulatory Gaps in the Startup Industry, please click on this link