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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 Mas...

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 thi...

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: ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: 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 ...
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Mini-Law-Series Partnership: Investing Right (1) Good Morning Friends, It’s the dawn of a new day. In furtherance of our passion to add value using the instruments of law, we have created a platform for direct chat with members of the Online Law Clinic, kindly send a WhatsApp message to 08150949947 Partnership is simply a marriage union of business. A party may bring the idea, while the other party provides funds for the execution of these ideas and so on and so forth. For a Partnership to thrive and survive, it is essential that the intending partners agree on the key terms of the Partnership and these terms reduced into writing. Please let’s remember that we had earlier, on this platform stated that an oral contract is not less of a contract but it is prudent to have a written contract as the intentions of parties can be clearly seen and accordingly interpreted by the Court where there is a dispute of any form. There are so many factors to be considered where parties inte...

Due Diligence:Lessons from Mr. Pennywise

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Due Diligence: Lessons from Mr. Pennywise Good Morning Friends! Following the volume of questions, we received, from the “The Story of Mr. Pennywise” we have decided to extend the feature by ‘re-emphasizing’ the Lessons/Moral of the Story. Yay! πŸ’ƒπŸ’ƒ Further be reminded that you may elect to chat with a team member of the Online Law Clinic by simply clicking on the link below or sending a WhatsApp message to 08150949947 πŸ‘‰https://bit.ly/2Rn5Ygw Due Diligence simply means investigation and it includes but not limited to the process of: a. confirmation of the Title Documents, b. the coordinates on the Survey Plan are examined, c. ascertaining whether the land falls within Government Acquisition, d. the extent of it’s Set back is not left out, e. interview of the potential Seller(s) f. physical inspection of the Property etc., πŸ‘‰When it comes to investing in Real Estate, there is no such thing as trust. πŸ‘‰There is equally no such thing as “it’s only half plot of land...

Due Diligence: The Story of Mr. Pennywise (2)

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Family-Law-SeriesπŸ‘©‍πŸ‘©‍πŸ‘¦‍πŸ‘¦πŸ‘ͺπŸ‘¨‍πŸ‘¨‍πŸ‘¦πŸ‘« Good Morning Naija! It’s a great day to be alive and we are exceedingly grateful. Yeah! Great things are brewing, stay with us please, for the BIGGEST project reveal ever! Due Diligence: The Story of Mr. Pennywise (2) There were Labourers on the site (the parcel of land purchased by Mr. Pennywise) the land had been cleared and corner piece erected. Several building materials such as, sand, gravel, cement etc., had been deposited on the land in obvious preparation for a building project. Mr. Pennywise approached the Labourers in a frantic attempt to find out the person in charge, he was referred to a man who appears to be the supervisor of the project. He approached the Supervisor. After narrating the entire story to the Supervisor, the Supervisor simply stated that he has been employed to work on the site by Madam Popular and that was the only information he could divulge. He ran to his lawyer’s office sweating profusely. On sighti...

Due Diligence: The Story of Mr. Pennywise πŸ“šπŸŽ²πŸ“š

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Happy New Year! You’re welcome to a New Year of profitable ideas, may we enjoy good health and abundance all through the year! Today on the Family-Law-Series, our feature is tagged “Due Diligence: The Story of Mr. Pennywise” this feature will run for the next couple of weeks. Please stay with us!πŸ™ Have you ever bought a property?  Be it house or land for either commercial or residential purpose?? Do you have plans of buying or leasing a property??? If your answer to any of these questions is yes, this feature is for you. Before moving to the legal realm of what due diligence connotes, permit us to tell a story. Mr. Pennywise, an astute business man plans to build a 4 (four) bedroom bungalow on a plot of land in the New Year having saved a substantial amount of money in the previous year. He approached an Agent who took him to different sites, he eventually indicated interest in a fairly new site. Purchase price was stated, they haggled and haggled, eventually Mr. Penny...