The Companies and Allied Matters Act, CAP C20, LFN 2004 (“CAMA”) imposes duties, responsibilities and statutory obligations on the members and directors of public and private companies regarding their Board of Directors meetings (“BOD”), Annual General Meeting (“AGM”) and other meetings.
However, the various social gathering prohibitions and stay at home orders made by the President of the Federal Republic of Nigeria during his 29th March, 2020 broadcast restricting movement in Lagos, Ogun and the Federal Capital Territory (“FCT”) Abuja , similar to measures previously announced by several State governors and the Minister of the FCT, will undoubtedly have a direct impact on the ability of public and private companies to convene the mandatory meetings prescribed by CAMA due to the corona virus pandemic (“COVID-19”).
