ICANBusiness LawCompany Law: Directors, Meetings and Shares2024

Under Section 283 of the Companies and Allied Matters Act (CAMA) 2020, which of the following individuals is explicitly disqualified by statute from being appointed or acting as a director of a company?

AA person who is 72 years of age in a public company, provided special notice was given to members
BA shareholder who holds less than 1% of the company's issued share capital
CAn undischarged bankrupt who has been so adjudged by a court of competent jurisdiction in NigeriaCORRECT
DA non-resident foreign national who holds valid shareholding in the company
AI
Toaster Teacher
Why the answer is C, and why the others tempt you.
Section 283(c) of CAMA 2020 explicitly lists an undischarged bankrupt as a person disqualified from being appointed as a director. Persons over 70 years can serve as directors of a public company provided special notice is given under Section 278.
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