Court of Appeal Affirms Eligibility of Pre-CAMA 2020 Private Companies to Operate as Single Shareholder Companies
Court of Appeal Affirms Eligibility of Pre-CAMA 2020 Private Companies to Operate as Single Shareholder Companies
The enactment of the Companies and Allied Matters Act, 2020 (“CAMA 2020”) introduced a significant development in Nigerian corporate law by permitting the incorporation of private companies with a single shareholder1. This represented a departure from the position under the repealed Companies and Allied Matters Act, 1990, which required every company to have a minimum of two shareholders.