Where a community of persons, bound together by a common objective such as; customs, religion, kinship, sporting, scientific, religion, education, e.t.c unite to form a corporate body so as to promote their objectives such as those mentioned above, they are registered as incorporated trustees with powers to acquire property, sue and be sued. Some of the essential features of organisations registered as incorporated trustees include; registered trustees obtain legal personality and not its members, the name of such organisation must start with the words “Incorporated Trustees of …” and such organisations are not established to do business or distribute profits....

With the current state of the economy in Nigeria, many persons (including civil/public servants) currently see the need to create an additional means of income for themselves, and in some cases, there is an urgent need to set up structures for such businesses while maintaining their employment as either employees of private organisations or civil servants. Our concern today however is as regards civil servants. Can they take up positions as directors of a private company in the course of employment? Please note, a civil servant and a Public Servant are the same. Part 2 of the Fifth Schedule of...

INTRODUCTION Acquiring landed properties in Nigeria (as well as all over the world) is generally expensive, but with the right security measures put in place, it could become a worthwhile investment. However, over the years, I’ve come across property owners who develop their properties for commercial purposes by putting out such properties on lease or tenancy with little or no turnover on their investments. This could largely be as a result of numerous factors such as; Inability of property owners to manage such properties individually alongside their personal engagements, Not staying updated on re-curing legislative changes as regards property ownership/management,...

Introduction Companies and Allied Matters Act (CAMA) is one of the most important piece of legislation that impacts the Nigerian business and micro, small, and medium scale enterprise. The companies and allied matters Act 1990 was promulgated to repeal the companies Act 1968. The new CAMA 2020 is made up of 870 section compared to the 1990 CAMA of 613 sections and its sections are divided into parts, part A-G. The new CAMA is Nigeria’s most significant business legislation in three decades and it introduces new provisions that promote ease of doing business and reduces regulatory hurdle as that of...

Mr Akpan is CEO of KAY’S LOGISTICS, a small but fast rising logistics company in Lagos, Nigeria. Through hardwork and consistency, KAY’s LOGISTICS has grown to be a household name for families and entrepreneurs. KAY’S LOGISTICS has a number of high profile clientele across various parts of Nigeria. On 23rd November 2019, Mr Elvis of CDE FARMS, a regular and high profile client to Mr Akpan placed an instruction for twenty tonnes of recently ordered fresh fruits and vegetables to be delivered to the fomer’s client in Calabar, Cross River State. Mr Elvis was assured by Mr Akpan that the...