Minority Shareholder Protection Under CAMA: More Power Than You Think

Minority Shareholder Protection Under CAMA: More Power Than You Think You’re a minority shareholder in a promising Lagos-based fintech company. You invested early, believing in the vision. But now, the majority owners make decisions without you, divert contracts to their own side-businesses, and refuse to declare dividends despite record profits. You feel powerless, your stake diluted in value and influence. This is the classic minority squeeze-out, and for decades in Nigeria, there was little you could do. The Companies and Allied Matters Act (CAMA) 2020 provides significant legal protections for minority shareholders against oppressive or unfair actions by the majority. It establishes...

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