Under the Companies and Allied Matters Act (CAMA) 2020, what is the minimum number of directors required for a public company incorporated in Nigeria?
AOne director
BTwo directors
CThree directorsCORRECT
DFive directors
ICANBusiness, Management and FinanceBusiness and its Environment2025
AI
Toaster Teacher
Why the answer is C, and why the others tempt you.
Section 271 of CAMA 2020 stipulates that a public company must have a minimum of three directors. A private company requires at least one director under the same Act, reflecting the distinction between the two company types.
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