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Ratification of Pre-Incorporation Contracts under the Nigerian Companies and Allied Matters Act (CAMA) 1990: A Balance of Business Efficacy and Interest Protection

Against the backdrop of the inadequacy of Common Law for the protection of the interests of promoters and contractual third parties in pre-incorporation contracts, this article argues that section 72 of the Nigerian Companies and Allied Matters Act (CAMA) 1990 provides a balance that will assure business efficacy and interest protection in the Nigerian corporate life and formation process.