REGULATORY COMPLIANCE FOR STARTUPS IN NIGERIA
Nigeria boasts one of Africa’s most vibrant startup ecosystems, drawing significant attention from both local and global investors. However, for emerging businesses, understanding and adhering to the country’s regulatory framework can be complex. Many startups, especially those unfamiliar with industry-specific requirements, struggle to navigate these legal obligations. While compliance may just sound like a legal […]
TERMINATION OF EMPLOYMENT IN NIGERIA
Termination of employment is always a sensitive and relatively complex issue between employer and employee. Being an employer or employee, especially in the case of either, requires the awareness of the legal arrangement put in place for such regulation to keep you within the requirements of the law and undertake all measures for protection of […]
PROCEDURE FOR DISSOLVING AN INCORPORATED TRUSTEE/FOUNDATION/NGO IN NIGERIA
The procedure for dissolving or closing down an Incorporated Trustee or Non-profit organization in Nigeria is outlined under Section 850 of the Companies and Allied Matters Act 2020 (CAMA). Organizations falling under this category include Churches, Non-governmental organizations, Foundations, and Associations. Here is a detailed breakdown of the process: Petition for Dissolution: A petition can […]
LEGAL DUE DILIGENCE PROCEDURES IN NIGERIA
Legal due diligence in Nigeria involves thoroughly reviewing, investigating, and evaluating all legal risks associated with a target company before finalizing a business transaction, investment, or purchase of real estate. This due diligence process includes searching relevant locations, documents, and interviewing employees to uncover any liabilities related to the deal. Conducting comprehensive due diligence […]