On 10 June 2026, the Court of Appeal settled a question that has lingered since the enactment of CAMA 2020: can private companies incorporated before the legislation operate with a sole shareholder?

This Client Alert examines the Court of Appeal’s decision affirming that the single-shareholder structure introduced under CAMA 2020 is available to all private companies, irrespective of when they were incorporated.

The publication explores the Court’s reasoning, the implications for existing companies, and the opportunities now available to businesses seeking greater ownership flexibility.

For further information, please contact TEMPLARS Partner, Ijeoma Uju, or Associate, Obehi Iyoha.