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الترجمة قيد الإجراء — يتم عرض المحتوى الأصلي باللغة الإنجليزية

Power of Attorney — Nigeria

Governing law referenceCompanies and Allied Matters Act 2020 and common law duty of confidence
Local enforcement bodyCorporate Affairs Commission (CAC) / Federal High Court
Average legal fee range₦15,000–₦50,000/hrpending legal review
Compliance requirementMust clearly define the scope of authority granted and comply with the jurisdiction's witnessing or notarization rules.
Penalty for violationAn improperly executed power of attorney may be rejected by banks or institutions, or challenged as invalid.pending legal review
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