A Legal Analysis of the Protection of Minority Shareholders under the Nigerian Companies Act

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dc.contributor.authorAnimashaun, O. and Chitimira, H
dc.date.accessioned2026-05-04T11:35:54Z
dc.date.available2026-05-04T11:35:54Z
dc.date.issued2021
dc.description.abstractThis article focusses on the dichotomy between majority and minority shareholders in Nigerian corporations. This paper therefore examines the manner in which the majority shareholders who are often the directors of these corporations abuse their power. The paper found that majority shareholders in many corporations usually use their voting power and influence to oppress, maneuver and impose their will on the minority shareholders. The paper also found that there are onerous impediments for minority shareholders to enforce their rights under the Companies and Allied Matters Act, Chapter C20 LFN, 2004. The paper concludes that there is the need for certain provisions of the Companies and Allied Matters Act, such as section 301, to be amended in order to protect the interest of minority shareholders, who are numerous and usually passive investors. The paper recommends that legislative measures should be employed to rectify the observed flaws in order to protect the interest of the minority shareholders and indeed all shareholders.
dc.identifier.citationAnimashaun, O. and Chitimira, H (2021): A Legal Analysis of the Protection of Minority Shareholders under the Nigerian Companies Act, Interdisciplinary Journal of Economics and Business Law, 10(3) 178-199
dc.identifier.issn2047-8755
dc.identifier.urihttps://kwasuspace.kwasu.edu.ng/handle/123456789/6851
dc.language.isoen
dc.publisherUniversity of Leicester, UK, and University of Warsaw Poland,
dc.relation.ispartofseries10; 3
dc.titleA Legal Analysis of the Protection of Minority Shareholders under the Nigerian Companies Act
dc.typeArticle
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