Transfer of Company Shares in Nigeria

Transfer of Company Shares in Nigeria

Quick answer: A share transfer should confirm the seller's title to the shares, company restrictions, approvals, payment terms, filings, and updates to company records. The company's constitution, shareholders' arrangements, and applicable law should be reviewed before completion.

This article is general legal education. Share transfers can vary depending on the company type, articles, shareholder agreements, regulatory requirements, and the facts of the transaction.

Core issues to check

• Whether the transferor actually owns the shares.
• Whether the company's articles or shareholders' agreement restrict transfer.
• Whether board, shareholder, regulatory, or third-party consent is required.
• Whether the consideration, tax, stamp duty, or filing requirements have been addressed.
• Whether the company's register and statutory records will be updated.

Common documents

• Share transfer instrument or agreement.
• Board/shareholder resolutions where required.
• Share certificate or evidence of shareholding.
• Corporate approvals and identity documents.
• Updated company records and CAC-related filings where required.

Why legal review matters

A poorly documented share transfer can create disputes over ownership, voting rights, dividends, control, warranties, and authority. Legal review helps align transaction documents with company records and regulatory expectations.

When to speak with a lawyer

For share-transfer documentation, company-record review, or corporate transaction support, see Corporate & Commercial Law or book a consultation.