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Hello Dear Readers,

We’re still on the ‘Lessons from Covid-19 Series.

Here is another one.

Mr. Johnson owns and runs a Restaurant in Ikeja, Lagos State. 6 (Six) months ago, some friends who are major stakeholders in the Entertainment Industry approached him to host a weekly event tagged “Dinner with my Celeb” at his Restaurant. They assured him that the event will bring more customers to his Restaurant and more customers means more money. As a SHARP Lagos man, he accepted, his customer base increased and in line with the projections, his profit also increased. He decided to expand, thus, he approached a Commercial Bank for Loan Facility for the purpose of expanding his Restaurant Business and carrying out innovations.

He was availed a Loan Facility vide an Offer Letter, he signed the Offer Letter without showing it to his Lawyer. I almost forgot, he used his Property in Surulere as collateral/security for the facility. With the outbreak of Covid-19, he had to shut his Restaurant and n…

Lessons from Covid-19 (Pt. 1)

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Hello Dearest Readers,

I guess it’s in order to say; quite an age. We took a moment there, but we are back now and I want to believe, it’s back and better.
How are we faring? And how did we fare during the lockdown? What did we do to maintain our sanity? Did anyone here get any palliatives? Please let’s talk in the comment section.

These are indeed unusual times and no one, absolutely no one prepared for this, especially businesses.

 It is consequent upon this that we activate our ‘Lessons from Covid-19’ series, it will run under the Mini-Series platform.  The ‘Lessons from Covid-19’ series is a compilation of short fictitious stories to drive home the intent of the series, which is to seek legal counsel for every business transactions.

With the outbreak of Covid-19, a lot is happening in the Business World, obligations have become impossible to discharge, liabilities are emerging, Businesses are crumbling, Properties are being foreclosed. It’s a mess.

Some of these issues could have…

Lessons from the Okada Ban (2)

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Hey People!πŸ€—πŸ€—

It’s Friday and we’re so excited to occupy your space again. Thank you!πŸ™

Today on the Mini-Law-Series, we bring our feature; “Lessons from the Okada Ban” to an end.πŸ€”πŸ€”

What if I told you that the Okada Ban in Lagos will soon be lifted; would you believe me? Yes, chances are that, the Okada Ban will be lifted with the imposition of stringent terms and conditions on the Bike Hailing Companies. And, of course the Government will make more money in the process.🏦🏦

This brings me to the next lessonπŸ‘‡πŸ‘‡

Failure to carry out necessary investigations prior to the commencement of a Business or Project is NOT WISE!

Let’s ruminate over some of the benefits of conducting due diligence:πŸ‘‡πŸ‘‡πŸ‘‡

a. It protects your interest.

b. It gives you absolute peace.

c. You’re equipped with knowledge to make smart decisions.

d. You’re not in a disadvantaged position.

e. You have the power of foresight.

Please note that there is a place for personal research and/or investigations and personal…

Deed of Gift: Gift of Love (2)

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Hello Fam!

Trust your week has been productive and rewarding. We’ve had a handful at the Online Law Clinic; firstly, our February Edition of the Free Legal Consult for Entrepreneurs and StartUp Founders ended on the 29th day of February, 2020 and as usual we took a little break. We’ve earned it, I hope.πŸ€”πŸ€”Secondly, our Charity Outreach was a blast, pictures will be shared over the weekend, don’t go anywhere.

Kindly recall that we notified you of an ongoing “small project” special shout out to everyone who guessed correctly (and wrongly too😎) the “small project” was our Charity Outreach.

Massive shout out to everyone who supported us and trusted us with their resources! We are grateful and we do not take your support for granted.

Today on the Family-Law-Series, we round off our feature: Deed of Gift; Gift of Love (2)πŸ’“

Remember our 3 (three) scenarios, in case you’ve forgotten, please click on the link below for a refresher.
πŸ‘‡πŸ‘‡πŸ‘‡
https://onlinelegalclinic.blogspot.com/2020/02/gift…

Extract from the Strictly Law Business Session

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Good Morning Colleagues,

My name is ‘Tosin Ajose Popoola, I practice in Ibadan, Oyo State of Nigeria and my focus areas are Commercial Litigation, Family Law and Employment Law. I’m passionate about litigation. In summary I’m a Court Girl.

I have titled today’s session πŸ‘‰"Defining and Treading Your Path Timeously and Diligently”
In recent times, I have referred to myself as a content creator and I have adopted a lot of techniques in creating my contents, one of those techniques is storytelling, so permit me to tell a short story.

I was called to the bar in November, 2012. After the call, I was clueless, I didn’t know what I wanted out of the profession or where I wanted to go. I just wanted to be a successful lawyer! At my father’s instance I started a career in litigation, while in the PATH of litigation, I found the job interesting but not financially rewarding. In a quest for “something” more financially rewarding, I started my Masters’ Program. Few months into the Masters’ P…

Lessons from the Okada ban

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Today is Valentine! Sending loads of Love and Light your way!πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“πŸ’“

Today, we are sharing Lessons from the Okada Ban and same will run for the next couple of weeks. Not to worry! We will conclude our Investing Right series in due course, we’ve got you.

Due Diligence: The Journey of a Business Man

A.K.A. Lessons from the Okada Ban🏍🚡

Entrepreneurs and StartUp Founders, let’s goπŸƒ on a journey, there are lessons to be learnt. Remember the Okada ban in Lagos State, of course you remember, after all, it happened few days ago.

 Let me shock you on this journey. Okada had in fact been banned as far back as year 2018. Yes! I am not drunk!

So, in year 2018 the Lagos State Government passed a law titled Lagos State Transport Sector Reform Law, 2018. Section 46 thereof prohibits the operations of Motorcycles i.e. Okada of 200cc engine capacity on major highways within Lagos State. (of course with some exceptions)

The subsistence of this Law notwithstand…

Gift of Love:Deed of Gift.

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Hey People!

It’s the Season of Love😍😍 and we are accordingly moving with the Season. This morning, we bring you a πŸ‘‘Gift: Gift of Love: Deed of Gift.

What is a Gift? A Gift is the absolute transfer of one’s right over a property to another for emotional consideration, such as, love affection etc.

This is it, remember that if you intend to sell ehmm…let’s take a plot of land for example, you may elect to sell to Ms. Buyer who pays XYZ amount. The XYZ amount is the consideration. Whereas where a Gift is made, no money or tangible resources is paid by the person receiving it. Let me make my point clearer with the use of life examples:
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Mr. Responsible African, is a polygamist with 4 (four) wives, these 4 (four) wives jointly have 10 (ten) children. Mr. Responsible African equally has a longtime girlfriend who has 2 (two) children without …