Nigeria's Insurance Act of 2003. The True Import of Section 69 and Its Legislative Paradox

Nigeria's Insurance Act of 2003. The True Import of Section 69 and Its Legislative Paradox PDF Author: Obinna Ilechukwu
Publisher:
ISBN: 9783656989028
Category :
Languages : en
Pages : 20

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Book Description
Essay from the year 2016 in the subject Law - Miscellaneous, grade: 4.0, University of Lagos, course: Insurance Law, language: English, abstract: The Insurance Act follows several amendments and repeals since 1961, in 1976 one of the Insurance Decrees was promulgated which introduced a separate section purportedly handling settlement of insurance claims in Nigeria. The provision has since then survived subsequent amendments and repeals with little or no substantial change. It was a laudable innovation but very inordinate and unwholesome. A replica of the section 43 of the 1976 Insurance Decree in the 2003 Insurance Act is section 69. The provision is flawed with errors of misappropriation and legislative paradox. Unfortunately, the errors have been carried into fruition by the attitude of the courts through a somewhat inadvertent statutory interpretation that has heralded the application of that provision over the past three decades. This paper intends to expose these statutory defects and recommend amendments as we argue that the law as it is means more or less that Nigeria has no specific provision in its insurance Act dealing with settlement of insurance claims

Global Trends

Global Trends PDF Author: National Intelligence Council and Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781543054705
Category :
Languages : en
Pages : 80

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Book Description
This edition of Global Trends revolves around a core argument about how the changing nature of power is increasing stress both within countries and between countries, and bearing on vexing transnational issues. The main section lays out the key trends, explores their implications, and offers up three scenarios to help readers imagine how different choices and developments could play out in very different ways over the next several decades. Two annexes lay out more detail. The first lays out five-year forecasts for each region of the world. The second provides more context on the key global trends in train.

The Globalization Paradox

The Globalization Paradox PDF Author: Dani Rodrik
Publisher: Oxford University Press
ISBN: 0199603332
Category : Business & Economics
Languages : en
Pages : 369

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Book Description
For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them?Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given.The heart of Rodrik>'s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

Mining Royalties

Mining Royalties PDF Author:
Publisher: World Bank Publications
ISBN: 0821365037
Category : Technology & Engineering
Languages : en
Pages : 320

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Book Description
This book contains a wealth of information and analysis relating to mineral royalties. Primary information includes royalty legislation from over forty nations. Analysis is comprehensive and addresses issues of importance to diverse stakeholders including government policymakers, tax administrators, society, local communities and mining companies. Extensive footnotes and citations provide a valuable resource for researchers.

Closing the Gap in a Generation

Closing the Gap in a Generation PDF Author: WHO Commission on Social Determinants of Health
Publisher: World Health Organization
ISBN: 9241563702
Category : Medical
Languages : en
Pages : 257

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Book Description
Social justice is a matter of life and death. It affects the way people live, their consequent chance of illness, and their risk of premature death. We watch in wonder as life expectancy and good health continue to increase in parts of the world and in alarm as they fail to improve in others.

Customs Modernization Handbook

Customs Modernization Handbook PDF Author: Luc De Wulf
Publisher: World Bank Publications
ISBN: 0821383728
Category : Business & Economics
Languages : en
Pages : 356

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Book Description
Trade integration contributes substantially to economic development and poverty alleviation. In recent years much progress was made to liberalize the trade regime, but customs procedures are often still complex, costly and non-transparent. This situation leads to misallocation of resources. 'Customs Modernization Handbook' provides an overview of the key elements of a successful customs modernization strategy and draws lessons from a number of successful customs reforms as well as from customs reform projects that have been undertaken by the World Bank. It describes a number of key import procedures, that have proved particularly troublesome for customs administrations and traders, and provides practical guidelines to enhance their efficiency. The Handbook also reviews the appropriate legal framework for customs operations as well as strategies to combat corruption.

Toward a Theory of Spacepower: Selected Essays

Toward a Theory of Spacepower: Selected Essays PDF Author:
Publisher: Smashbooks
ISBN:
Category :
Languages : en
Pages : 594

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Book Description


Natural Resources and Violent Conflict

Natural Resources and Violent Conflict PDF Author: Ian Bannon
Publisher: World Bank Publications
ISBN: 9780821355039
Category : Nature
Languages : en
Pages : 432

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Book Description
Research carried out by the World Bank on the root causes of conflict and civil war finds that a developing country's economic dependence on natural resources or other primary commodities is strongly associated with the risk level for violent conflict. This book brings together a collection of reports and case studies that explore what the international community in particular can do to reduce this risk.; The text explains the links between natural resources and conflict and examines the impact of resource dependence on economic performance, governance, secessionist movements and revel financing. It then explores avenues for international action - from financial and resource reporting procedures and policy recommendations to commodity tracking systems and enforcement instruments, including sanctions, certification requirements, aid conditionality, legislative and judicial instruments.

Nigeria

Nigeria PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451828993
Category : Business & Economics
Languages : en
Pages : 101

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Book Description
This Poverty Reduction Strategy Paper for Nigeria highlights the National Economic Empowerment and Development Strategy (NEEDS). NEEDS gives special support to agriculture, industry, small and medium-scale enterprises, and oil and gas. Under the plan, the government will seek long-term capital for investment. Trade policy will be modified to unburden business of the red tape and complex procedures that hinder it from flourishing. NEEDS envisages forging stronger links between educational institutions and industry to stimulate rapid industrial growth and efficient exploitation of resources.

World Development Report 2006

World Development Report 2006 PDF Author: Francisco H. G. Ferreira
Publisher: World Bank Publications
ISBN: 082136250X
Category : Business & Economics
Languages : en
Pages : 341

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Book Description
Inequality of opportunity, both within and among nations, sustains extreme deprivation, results in wasted human potential and often weakens prospects for overall prosperity and economic growth, concludes the 2006 World Development Report. To correct this situation and reduce poverty more effectively, Equity and Development recommends ensuring more equitable access by the poor to health care, education, jobs, capital, and secure land rights, among others. It also calls for greater equality of access to political freedoms and political power, breaking down stereotyping and discrimination, and improving access by the poor to justice systems and infrastructure. To level the playing field among countries, and thereby reduce global inequities that hurt the poor in developing countries, the report calls for removal of trade barriers in rich countries, flexibility to allow greater in-migration of lower-skilled people from developing countries, and increased -- and more effective -- development assistance.