If you own or are a member of a Non-Governmental Organisation (NGO) or an Association in Nigeria, such organization or association is classified by the Companies and Allied Matters Act 2020 as an “Incorporated Trustee”. Incorporated Trustees are defined by our laws as a non-business and non-profit making organizations. It is an association of persons bound together by customs, religion, kinship, nationality, education, science, and any other form of ideal/principles which they share in common. Currently, the minimum number of members an Incorporated Trustee is required to have as provided by the Companies and Allied Matters Act, 2020 are two...
