Corporate Law

Contract, Contract Law, Startup, Startup Act

Founders’ Agreements In Nigerian Startups: The Contractual Protections Every Founder Should Consider

Many Nigerian startups begin with informal understandings among founders, leaving equity, decision-making, intellectual property, exits and deadlock unresolved until the company acquires real value. This article examines how a founders' agreement can protect a startup under CAMA 2020, the Nigeria Startup Act 2022, the Copyright Act 2022, and Nigeria's dispute-resolution regime, while highlighting the contractual provisions every founder should consider from inception.

O. M. Atoyebi, SAN FCIArb.(U.K)
October 7, 2026

Corporate Law, Corporate Litigation, Jurisdiction, Section 104 CAMA 2020, Fair Hearing, Mark v. Eke, Service of Process

Service of Court Processes and Other Legal Documents on a Company in Nigeria: A Review of Mark & Anor v. Eke (2004) LPELR-1841(SC)

This article analyses the legal principles governing service of court processes on companies in Nigeria, focusing on Mark & Anor v. Eke (2004) LPELR-1841(SC). It examines Section 104 of CAMA 2020 and the applicable Rules of Court, emphasizing that service of originating process is a condition precedent to jurisdiction. The article affirms that failure to properly serve a company renders proceedings a nullity and underscores the constitutional foundation of service in the right to fair hearing.

O. M. Atoyebi, SAN FCIArb.(U.K)
March 16, 2026

Corporate Affairs Commission, Corporate Law, Shareholders

A Critical Appraisal of the Judicial Perspective on Single Shareholding in Nigeria

The introduction of single share-holding Companies marks a significant evolution in Nigerian corporate law.

O. M. Atoyebi, SAN FCIArb.(U.K)
May 6, 2025

Startup, Startup Act, Technology Hubs

The Nigerian Startup Act 2022: A Catalyst for Innovation or a Work in Progress?

The Nigerian Startup Act 2022 is a crucial step toward strengthening the country’s tech ecosystem, offering startups funding, regulatory support, and incentives. However, slow implementation, regulatory overlaps, lack of awareness, and infrastructure challenges have limited its impact.

O. M. Atoyebi, SAN FCIArb.(U.K)
April 23, 2025

CBN, Commercial Law, Corporate Law, Digital Currency & Fiat, Economy, Foreign Trade

Independence and Autonomy of the Central Bank of Nigeria (CBN): Enhancing Public Understanding

The Central Bank of Nigeria (CBN) plays a key role in shaping the country’s economic landscape by controlling inflation, stabilizing the currency, and fostering economic growth.

O. M. Atoyebi, SAN FCIArb.(U.K)
December 19, 2024

Corporate Law, Foreign Trade, International Trade & Commerce

Understanding the Recent Business Rules and Regulations by the Nigerian Communications Commission

In accordance with the powers conferred upon the Nigerian Communications Commission, under Section 70 of the Nigerian Communications Act 2003

O. M. Atoyebi, SAN FCIArb.(U.K)
October 10, 2024

Corporate Law

Understanding Limited Liability Partnership and Limited Partnership Under Nigerian Jurisprudence: Key Differences

According to the Companies and Allied Matters Act (CAMA) 2020, no partnership consisting of more than 20 persons shall be formed to carry on any business for profit or gain.

O. M. Atoyebi, SAN FCIArb.(U.K)
August 13, 2024

Expatriate Employment Levy, Corporate Law

An Appraisal on the Implication of the Expatriate Employment Levy in Nigeria

The EEL presents a complex situation for businesses since there is a balancing act between encouraging local talent and maintaining access to specialized expertise…

O. M. Atoyebi, SAN FCIArb.(U.K)
August 12, 2024

Corporate Law, Debenture Holders

A Review of the Protection of Debenture Holders Under the Nigerian Corporate System

Debentures, serve as contractual obligations between creditors and the company, and often include a charge on the company's assets, akin to a mortgage transaction.

O. M. Atoyebi, SAN FCIArb.(U.K)
August 12, 2024

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