Category: Company Secretarial
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The CAMA Rule Most Nigerian Companies Break on Their Letterheads, and How to Fix It Before 1 August 2026
The Corporate Affairs Commission (CAC) has announced its intention to fully enforce the provisions of the Companies and Allied Matters Act (CAMA) 2020 relating to information that must appear on company business documents. In a public notice issued on 7 July 2026, the Commission drew attention to sections 304 and 729 of CAMA, warning that…
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Can a Non-Executive Director Become an Independent Director on the Same Board in Nigeria? What the Nigerian Code of Corporate Governance 2018 Says
Introduction Companies in Nigeria frequently consider reclassifying an existing Non-Executive Director (NED) as an Independent Non-Executive Director (INED) on the same board. The reasons are often practical: achieving quick compliance with board independence requirements, leveraging the director’s existing knowledge of the company’s business, saving recruitment time and costs, and avoiding the lengthy onboarding process for…
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WHEN SHOULD YOU AMEND YOUR COMPANY’S MEMORANDUM AND ARTICLES OF ASSOCIATION (MEMART)? TRIGGERS YOU’RE LIKELY IGNORING
INTRODUCTION For many companies, the Memorandum and Articles of Association (“MEMART”) is drafted at incorporation and rarely revisited. Yet under the Companies and Allied Matters Act (CAMA) 2020, it remains the backbone of a company’s identity, governance, and operations. As businesses grow through capital raises, restructuring, or expansion, their MEMART must grow with them. An…
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THREE REGULATORY RISKS TO BE AWARE OF UNDER THE COMPANIES AND ALLIED MATTERS ACT (CAMA) 2020
Introduction: In Nigeria, registering a company with the Corporate Affairs Commission (“CAC”) is only the first step towards building a compliant business. With the CAC rigorously enforcing the provisions of the Companies and Allied Matters Act (CAMA) 2020 and the Corporate Affairs Commission Regulations 2021, companies must prioritise statutory reporting and disclosure obligations to avoid…