The business world is a confusing and oftentimes dangerous place. This explains why business laws and regulations are made to protect business stakeholders. Without business laws and regulations, consumers will be at the mercy of business owners, employees will be at the mercy of employers and business owners will be at the mercy of their competitors and suppliers, and the environment will be at the mercy of humans. If you're running your own business or company, it is important to know and understand some of the protection provided by these laws and regulations in order to prevent any surprises or costly mistakes down the line. This article will set out basic employment, consumer, and environmental laws and regulations in Nigeria.
The first principle of employment law is that no one should be held in slavery, servitude or forced to perform forced or compulsory labour.
Section 34 (2) of the Nigerian Constitution allows forced or compulsory labour in special circumstances such as where a competent national authority prescribes compulsory service for citizens.
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