Corporate Matters
Corporate governance, regulatory enforcement defence, arbitration, and commercial dispute outcomes.
Corporate matters at this firm range from regulatory enforcement defence before the CBN, SEC, and FIRS through to shareholder disputes, commercial arbitration, and compliance advisory. The outcomes below represent a cross-section of that practice — the nature of the matter, the forum, and the result described with sufficient detail to assess the standard of work, without identifying the clients involved.
SEC / Regulatory
SEC enforcement action — capital markets violation
Enforcement action defended. Penalty reduced by 74%. Remediation programme agreed. No suspension of licence.
Regulatory proceedings: 3 months
Federal High Court
Shareholder dispute — director removal proceedings
Settlement negotiated. Shareholder bought out at agreed valuation. Company operations stabilised without full trial.
Resolution: 5 months
Arbitral Tribunal (domestic)
Commercial arbitration — supplier contract dispute
Award in client's favour obtained in 4 months. ₦38 million in dispute resolved without court proceedings.
From filing to award: 4 months
CBN / Federal High Court
CBN enforcement — microfinance bank
Enforcement action challenged on procedural grounds. Injunction obtained. Settlement negotiated on client's terms.
Injunction within 5 days; settlement 2 months
Advisory
CAMA 2020 compliance audit — manufacturing company
Full compliance review completed. Significant exposure under new CAMA provisions identified and remediated before regulatory discovery.
Audit and remediation: 6 weeks
State High Court
Debt recovery — non-performing commercial loan portfolio
Consent judgment obtained covering full portfolio of 7 loans. Structured recovery schedule enforced with asset security.
Consent judgment: 8 weeks
Tax Appeals Tribunal
Tax dispute — FIRS assessment, large corporation
Assessment of ₦120 million reduced to ₦38 million following challenge on computational and jurisdictional grounds.
TAT determination: 5 months
ICC Arbitration
International arbitration — joint venture dispute
Award upheld. Nigerian co-respondent's counterclaim dismissed. Enforcement against Nigerian assets proceeded without resistance.
Full arbitration: 14 months