Liabilities of a Director Under The Nigerian Law
Over the years, debates have arisen regarding the extent of liabilities of company directors under the Nigerian law. Persistent questions have revolved around where a director can be made personally liable for purported acts of a company as opposed to the company itself bearing the liability. Furthermore, there has been ongoing injury into the scope of criminal or civil liabilities of new directors concerning the actions of their predecessors. This article aims to specifically address the question of when a director can be made personally liable for purported acts of a company as against the company being held liable through the lenses of the Companies and Allied Matters Act and decided Nigerian Cases.
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