TABLE OF CONTENTS
Title page .. .i
Declaration ii
Certification ..iii
Dedication .iv
Acknowledgement .v
Abstract . vi
Table of content .vii
Table of cases viii
Table of statute - ix
CHAPTER ONE
GENERAL INTRODUCTION
1.1 Background to the study .. 1
1.2 Statement of the problem - ..5
1.3 Aims and objectives of the study .5
1.4 Justification .. 5
1.5 Scope of the study .. ..6
1.6 Research methodology - .6
1.7 Literature review .. 6
1.8 Organisational layout .. .9
CHAPTER TWO
THE EVOLUTION OF CORPORATE FORM OF INVESTMENT 10
2.1 Introduction - 10
2.2 The Evolution of Company - 11
2.2.1 The Joint Stock System .13
2.2.2 The Beginning of Public Dealings 14
2. 2.3 The Companies Act of 1844 .. 18
2.2.4 The Introduction of Limited Liability - 19
2.2.5 The Consolidation of Company law - . ..20
2.3 The Evolution of Company in Nigeria ..23
2.4 The Capital Market 27
2.5 The Stock Exchange ..29
CHAPTER THREE
THE LEGAL FRAMEWORK FOR INVESTORS’ PROTECTION IN NIGERIA . . - 35
3.1 Introduction - 35
3.2 The Companies and Allied Matters Act 1990 (CAMA) 36
3.2.1 Division of corporate powers 37
3.2.2 Investigation of companies affairs - - ..38
3.2.3 Disclosure .45
3.2.4 Company accounts . - 48
3.2.5 Financial statement - 51
3.3 The Investment and Securities Act 2007 ..66
3.3.1 Disclosure under the Investment and Securities Act 2007 ..67
3.3.2 Public issue and the disclosure system , 70
3.3.3 Investigation under the Investment and Securities Act ,, .. 74
3.3.4 Investors protection fund ,, 75
3.4 Nigerian Investment Promotion Commission Act 1995 ..77
3.4.1 Investment Protection Assurances . ..78
3.5 The Trustees Investment Act 1990 - .79
CHAPTER FOUR
CHALLENGES TO INVESTORS’ PROTECTION IN NIGERIA 82
4.1 Introduction .. 82
4.2 Lack of effective corporate governance - 83
4.3 Corporate powers . - ..85
4.4 The poor performance of auditors and the audit committees - 88
4.5 The directors control of general meetings and shareholders apathy 93
4.6 Directors control of proxy instrument - 96
4.7 High illiteracy rate in Nigeria 97
4.8 The postal system in Nigeria .. .100
4.9 Corruption in Nigeria ..101
CHAPTER FIVE
SUMMARY, CONCLUSION, FINDINGS AND RECCOMMENDATIONS 105
5.1 Summary ..105
5.2 Conclusion - .108
5.3 Findings - 110
5.4 Recommendations - 111
BIBLIOGRAPHY
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