How to dissolve a non-profit organization in Nigeria
Non-profit Organisations registered with the Corporate Affairs Commission in Nigeria can only be dissolved by a court of competent jurisdiction. This can be done through a petition.
A petition is a formal request seeking an order from the court and in this instance a petition is a request to the court for an order to dissolve a Non-profit Organisation.
All persons who might be affected by the dissolution of the Non-profit organisation must be kept on notice on the decision to dissolve the organisation.
Where the application for the dissolution of a Non-profit Organisation is granted, the assets of the organisation after all debts and liabilities have been settled would be transferred to an association with similar objectives agreed by members. This is because a non-profit organisation is not in the business of making profit but to carry out charitable deeds so no individual can lay a claim on the property of a non-profit organisation even if he was the donor.
Accordingly, persons who can apply for the dissolution of the organisation are the governing body or council, one or more trustees, members of the organisation constituting at least 50 percent and the commission itself.
These are the grounds upon which an association can be dissolved in Nigeria;
- Where the objective of the organisation formed has been fulfilled or carried out, they can apply for dissolution of the association.
- Where the organisation was formed to exist for a specific period of time.
- A situation where the objectives of the organisation contravenes public opinion or has been illegal by means of a new law or by public policy.
- Where it is just and equitable to dissolve the association
- Where the commission has withdrawn or revoked the Certificate of incorporation.
Team 618 Bees
618 Bees can quickly and easily help you dissolve your Non-profit Organization in Nigeria. Log on to our website www.618bees.com or email firstname.lastname@example.org, or give us a call on +2349017190079. 618 Bees will complete your application with the Corporate Affairs Commission (CAC).
The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached.