Regulatory Framework for Crowdfunding in Nigeria
The Petroleum Industry Governance Bill (PIGB) passed the second reading at the National Assembly on the 2nd of November, 2016 and was referred to the Committee on Petroleum Upstream, Downstream and Gas. The PIGB aims at significantly improving the state of the petroleum industry by dealing with the institutional and governance structure of the industry. Our Senior Partner Gbenga Biobaku and one of our associates Sandra Gini were part of the multidisciplinary team that advised and drafted the PIGB for the Nigerian Senate. The Firm Gbenga Biobaku & Co. acted as lead legal advisers to the Senate on the project.