Nigeria: Corporate Tax
Earlier this year the Nigerian government approved the introduction of national tax policy (NTP) in the country. The NTP aims to provide a firmer base for tax legislation in the country, eliminating multiple taxation across federal, state and local governments and improving the business climate for foreign and domestic companies. We recognise three lawyers whose corporate tax expertise places them in the front rank of practitioners in this fast-developing marketplace.
Theophilus Emuwa of AELEX is renowned for his income and petroleum profits tax work for Nigerian companies, as well as his “first rate” general corporate and commercial expertise. A fellow of the Chartered Institute of Taxation of Nigeria and a former vice chair of its Tax Law Review Committee, Emuwa is internationally recognised as a “leading light of the Nigerian bar”.
Abraham & Co’s Lolade Ososami spent time in-house at Pan Ocean Oil Corporation before entering private practice and sources praised her “comprehensive expertise” of Nigeria’s corporate and commercial markets. She brings her “excellent” knowledge of international taxation, asset-based finance and cross-border transactions to bear in advising major global corporations doing business in Nigeria.
Olawale Adeola Akoni SAN is a managing partner of Babalakin & Co and a “national leader” in tax matters. His practice encompasses disputes, financing and transactional work on behalf of clients in the natural resources, banking and transport sectors and peers describe him as “one of the best respected names in the country” for corporate work.