Library / Extraordinary Federal Republic of Nigeria Official Gazette No. 38
Extraordinary Federal Republic of Nigeria Official Gazette No. 38

Page 5 of 10
B 50 
Notification 
of intention 
to 
assign or 
transfer 
a 
licence or 
permit. 
“Application 
for 
assignment 
or transfer 
of licence 
by the 
transferee. 
(2) Where the Authority has no objection to the change of name, the 
licensee or permit holder shall — 
(a) 
apply to the Authority for a new licence or permit in the new 
name 
; 
(b) return the licence or permit in the previous name to the Authority for 
cancellation 
; and 
(c) pay prescribed fees for such change of name on a licence or permit. 
(3) Achange of name shall not constitute an assignment or transfer of 
licence for the purpose of these Regulations. 
5.—(1) 
A transferor who intends to assign or transfer a licence or 
permit shall, prior to the assignment or transfer, notify the Authority of its 
intention to undertake such assignment or transfer. 
(2) A transferor’s notification to the Authority shall — 
(a) 
state the name, registered address and contact information of the 
proposed transferee 
; 
(b) state the reason and the method for the conduct of the assignment 
or transfer, and the possible technical and economic value of such assignment 
or transfer 
; 
(c) 
provide the original or a certified true copy, of its licence or 
permit 
; and 
(d) provide or submit any other information and documents stipulated in 
guidelines issued by the Authority. 
(3) The Authority shall not later than 21 working days from date of 
receipt of the notification, communicate its decision to the transferor on 
whether or not to proceed to the next stage of the transaction. 
(4) Where the Authority fails to communicate its decision within the 
time frame stipulated in subregulation (3) of this regulation, the transferor 
may proceed to the next stage of the transaction. 
(5) 
Where the Authority makes a decision for the application to be 
transfered, the transferor shall publish a notice of the application in the format 
prescribed in Guidelines issued by the Authority. 
6.—(1) Following the decision of the Authority in regulation 5(3) and 
(4) of these Regulations, the transferee shall - — 
(a) apply for an assignment or transfer of the licence or permit to its 
company ; 
(b) submit a copy of the title documents, which shall be certified bya 
court of competent jurisdiction 
;