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Learn moreA Federal High Court decision concerning whether private companies incorporated before CAMA 2020 can have one shareholder.
The Federal High Court (FHC) in Abuja on July 30, 2024, decided that the provisions of Section 18(2) of the Companies and Allied Matters Act (CAMA) 2020 apply to all private companies (Ltd) in Nigeria, including those incorporated before CAMA 2020.
The case is: Primetech Design and Engineering Nigeria Limited & Julius Berger Nigeria Plc v. Corporate Affairs Commission
Read an August 2024 report prepared by the KPMG member firm in Nigeria
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