As defined by the Black Laws dictionary, a novation agreement is a type of substitute contract that has the effect of adding a party either as an Obligor or Obligee who was not a party to the original duty. In other words, it is the substitution of a new contract, the debt or the obligation for an existing contract between the same or different parties, save the provision that the substitution must be done by mutual agreement of all parties concerned. A novation agreement is never presumed or implied by law.

A review of the decision of the Court of Appeal in the case of UKPANAH V. AYAYA (2011) 1 NWLR {PART 1227} 61, determining whether an agent could rightly be sued for acts carried out on behalf of a disclosed Principal,

Due to commercial exigencies, most modern businesses have recourse to the use of independent agents in conducting their daily activities. While it is well conceded that agency operates in the context of the contract of employment,

GSM operators often provide a service whereby the contents of Subscriber Identification Module (“SIM”) belonging to a customer, can be transferred to another SIM. This may happen where the subscriber wishes to change his phone number. The SIM is the device inserted into a GSM handset that connects the handset to the GSM provider’s network.  Each SIM is therefore identified with the GSM phone number assigned to the subscriber and the SIM card itself commonly contains several telephone numbers of the subscriber’s contacts.

After 15 years in prison, a Lagos High on Monday discharged and acquitted Lucky Igbinovia and Effong Elemi Edu standing trial over the 1995 murder of Pa Alfred Rewane, NADECO chieftain.

Justice Olusola Williams held that the prosecution failed to prove its case against the two accused persons beyond reasonable doubt.