Tag: appointment of directors in Nigeria

Why Appoint a Local Director? Following the passage of the Companies and Allied Matters Act 2020 (“CAMA”), a foreigner can now set up and own a company 100% in Nigeria even if the foreigner is not within Nigeria. Once the requirements are supplied, the required …

Introduction From our understanding as company secretary of various companies in Nigeria, the meetings, proceedings and decision-making process of directors are largely in accordance with the provisions of their company’s articles of association. This means that business men in Nigeria have a chance to decide …

1. Who is a director under Nigerian law? Under Nigerian law, there are three (3) types of directors: the executive directors, the non-executive directors and the shadow directors.  Executive directors are those directors who are involved in the day-to-day management of the company’s business usually …