FROM REGULATORY SILOS TO COORDINATED OVERSIGHT: THE EVOLUTION OF NIGERIA’S VIRTUAL ASSETS REGULATORY FRAMEWORK AND THE 2026 PRESIDENTIAL EXECUTIVE ORDER
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The Federal High Court, Abuja in the case of Federal Inland Revenue Service VS. Nigerian National Petroleum Corporation & Others recently decided that an Arbitration Tribunal lacks jurisdiction to determine issues relating to taxation or connected with the Federal Government revenue as such jurisdiction is exclusively conferred on the FHC by the Constitution of the Federal Republic of Nigeria.
