DAILY LAW TIPS by Onyekachi Umah,Esq. (Tip 66)

by Onyekachi Umah,Esq.
(Tip 66)

One person cannot form and own a company. Only 2 or more persons can form a company in Nigeria. An infant can be a shareholder in company where there are 2 or more other adults. An infant can never be a director in a company. An infant is a person that less than 18 years of age.

See sections 18, 20, 80 and 257 of Companies and Allied Matters Act.


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