Nigeria (NG)

Jurisdiction Overview

IDQuestionAnswer
476 *LO Record: Does the registration of domestic limited partnerships comprise information on the legal ownership of all partners? Yes, all partnerships require recording of all partners/legal owners of all partners.
 Data Date: 2016

Notes

 
In Nigeria, the registration of domestic limited partnerships must comprise information on the legal ownership of all partners. For limited partnerships, according to the Global Forum, "The requirements for registration of Limited Partnerships (LP) are substantially the same under the various State laws as they all derived from the Partnership Act 1890 of the United Kingdom. A Limited Partnership is required under section 49 of the Lagos Partnership Law, at registration, to furnish information to the State Registrar of Limited Partnerships including: the firm’s name, general nature of the business, the principal place of business, the full name of each of the partners, the date of commencement, the sum contributed by each limited partner and whether paid in cash or otherwise. Section 48 of the LSPL provides for the appointment of the Registrar of Limited Partnerships and specifies that the Public Service Commission shall appoint any person that it deems fit as the registrar, who shall have his office at Lagos. The Registrar is located in a public authority in the office of the State Attorney General." (GF 2016: 49).
 
For limited liability partnerships, according to the Global Forum, "The Partnership Law of Lagos State 2009 also provides for the formation of Limited Liability Partnership (LLP). The following ownership information is required to be provided to the Registrar (same as for LPs) at registration: the name of the partnership; registered address of the partnership; and names and addresses of partners (Section 60(2) (a)‑(f))" (GF 2016: 50).

Sources

GF 2016: 49-50