What Every Nigerian Board Should Know About Shareholders’ Agreements in 2026
A poorly drafted shareholders’ agreement is a time bomb waiting to happen and we have seen it happen in boardrooms across ownership disputes, deadlocked decisions and exits gone wrong. Not because the business failed but because the legal foundation was not built to last. Over time, the patterns we see are remarkably consistent: agreements drafted on templates, never reviewed after signing, and completely inadequate for the company that now exists. This article addresses the clauses that matter and the questions every board should be able to answer about the agreement that governs their company.