Nigeria: Directors and Officers

The Corporate Affairs Commission has set a firm deadline for Nigerian companies to comply with mandatory disclosure requirements on all business correspondence. With enforcement beginning in August 2026, businesses must ensure their letters, invoices, and official documents display specific company information or face daily penalties and potential director liability.

Nigeria's legal framework now places cybersecurity accountability directly on company boards and executives, with the Cybercrimes Act, Nigeria Data Protection Act 2023, and CAMA creating potential personal liability for directors where failures stem from inadequate oversight. This analysis examines how regulatory requirements converge to make cybersecurity a governance imperative rather than merely an IT concern. The publication explores practical steps boards must take to embed cybersecurity into risk mana

Our General Corporate Advisory and Tax teams authored the Nigerian chapter of the guide, which provides a high-level overview of Nigeria's legal and regulatory framework for doing business.