LAW DIGEST IN NIGERIA

  Edited By: Asykobi Customary Arbitration is arbitration in dispute founded on the voluntary submission of the parties to the decision of the arbitrators who are either chiefs or elders of the community. It is uniquely distinct from arbitration under the statute.At the centre of customary arbitration is the settlement of disputes by one or more arbiters in a community in accordance to the customs of the society with the aim of retaining the relationship between the parties and peace in the community. This system of dispute resolution has been in operation in Nigeria for years before the advent of the British colonial administration introduced the Common Law System in the 19 th   Century. Even with the introduction of the common law, customary arbitration is still used today for settling of disputes such as title to landed properties within the communities. Customary arbitration is an exception to Section 1 (1) of the Arbitration and Conciliation Act which states t...

EDITED BY: Asy'Kobi A member of a company is a person having constituent proprietary interest in the company and whose name has been entered in the Register of members. Also, a person who undertakes to make a contribution, in the event of the winding up of a company limited by guarantee, becomes a member of the company when his name is entered in the Register of members. Section 79 of the CAMA   provides for membership as follows:   The subscribers of the memorandum of the company shall be deemed to have agreed to become members of the company and on its registration shall be entered as members in its register of members.   Every other person who agrees in writing to become a member of a company, and whose name is entered in its register of members, shall be a member of the company.   In the case of a company having a share capital, each member shall be a shareholder of the company and shall hold at least one share. Thus, a member of a company...