History of Company Law in Nigeria: From Trade by Barter to CAMA 2020
Long before a single ordinance was drafted, before any company was registered, before the term "corporate personality" entered the Nigerian legal vocabulary, commerce existed. The Yoruba marketplace, the trans-Saharan trade routes of the Hausa-Fulani north, the Igbo long-distance trading networks: these were sophisticated systems of exchange, credit, and commercial trust operating entirely outside any written legal framework. Trade was by barter. Obligation was enforced by custom, community, and reputation. There was no concept of a company. There was no need for one. That world was not inferior. It was simply different. And it was this world that colonial contact transformed, first...
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