Document background
The Allotment Agreement is a fundamental document in Nigerian corporate practice, used when a company issues new shares to investors or existing shareholders. This document is essential in both private and public companies, particularly during capital raising, restructuring, or investment rounds. The agreement ensures compliance with the Companies and Allied Matters Act (CAMA) 2020 and other relevant Nigerian regulations, documenting the terms of share issuance, payment obligations, and the rights attached to the shares being allotted. It serves as a critical tool in protecting both the issuing company's and the investors' interests, providing clear evidence of the share allocation process and the conditions attached to it. The document is particularly important in the Nigerian context where corporate governance and regulatory compliance are closely scrutinized.
