Do You Need a Shareholders' Agreement in Nigeria? | MEMART Is Not Enough — Here's Why

A client recently asked us: "We already have a MEMART — do we still need a shareholders' agreement?" It is one of the most important questions a Nigerian business owner can ask. And the short answer is: yes, in most cases — and here is exactly why. In this video, we explain the difference between a Memorandum and Articles of Association (MEMART) and a shareholders' agreement in Nigeria, the critical protections that a MEMART cannot provide, and the five situations where a shareholders' agreement is non-negotiable for your company. 📋 WHAT YOU'LL LEARN • What is a MEMART • What is a shareholders' agreement • The difference between a MEMART and Shareholders agreement • Why MEMART is not enough • Circumstances where a shareholders agreement is necesary ⚖️ NEED A SHAREHOLDERS' AGREEMENT DRAFTED FOR YOUR COMPANY? We handle the legal aspects of your business while you focus on what you love. 📞 +234 916 054 6551 | +234 706 544 3425 📧 info@lexpraxisng.com 🌐 https://lexpraxisng.com 📌 RELATED VIDEOS • How to Register a Holding Company in Nigeria • How to Register a Company in Nigeria • How to Remove a Director in Nigeria #shareholdersagreementNigeria #MEMARTNigeria #CAMA2020 #corporatelaw #businessprotectionNigeria #lexpraxis #nigerianlaw #startupNigeria #founderequity #shareholdersrights #companylawNigeria #investorreadyNigeria #venturecapitalNigeria