NAVIGATING THE RESTRICTIONS ON MULTIPLE DIRECTORSHIP IN NIGERIA.
#L;DR:
?? The Companies and Allied Matters Act. 2020 allows a person to be a director in a maximum of five public companies.
??Once the directorship of a person in a public common exceeds five, such a person is required to resign from being a director in at least one of the other companies.
??A person who contravenes this provision becomes liable to a penalty as may be prescribed under the relevant laws and regulations.
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