ICSAN Corporate Law case studies
ICSAN Corporate Law · Put your knowledge to work in context.
The ICSAN Corporate Law paper is one of the subjects in the professional examination series of the Institute of Chartered Secretaries and Administrators of Nigeria, the body that credentials company secretaries and governance professionals in Nigeria. Candidates typically sit it after the foundation or intermediate stage, and it is aimed at people who will actually run company secretarial functions: drafting resolutions, advising boards, filing with the Corporate Affairs Commission, and keeping a company on the right side of the Companies and Allied Matters Act. The ICSAN Corporate Law case studies are 5 cases and about 3,243 words.
1The Warehouse Lease Signed Before Incorporation
On 1 March 2025, Tunde and Ada, two entrepreneurs, signed a three-year lease for a warehouse in Apapa at ₦2.5 million per month for a company they intended to call Bluewave Logistics Ltd. The company was not yet registered.
594 words, about 3 min2The Information Memorandum That Said 'SEC Approved'
PayNest Technologies Ltd, a private fintech company with 18 shareholders, wanted to raise ₦4.5 billion to expand its lending platform. In January 2025 it circulated a 14-page 'Information Memorandum' to 42 high-net-worth individuals and one venture capital fund, inviting subscriptions of at least ₦25 million each.
629 words, about 3 min3The Packaging Contract Approved by the CEO's Wife
Kano Agro Processing Plc is a public company with seven directors. Its CEO, Alhaji Musa, is married to the sole owner of Sahel Packaging Ltd, which supplies sacks to Kano Agro.
659 words, about 3 min4The Merger Where the Controlling Shareholder Voted Twice
Delta Cement Plc, a public company with 1.2 billion shares, agreed to acquire Rivers Quarry Ltd, a private company, by a scheme of merger. Under the scheme, Rivers shareholders would receive three Delta shares for every ten Rivers shares.
653 words, about 3 min5The Frozen Foods Company With More Debts Than Assets
Frostline Foods Ltd owes ₦180 million to Zenith Bank, ₦60 million in unpaid salaries to 45 employees, and ₦25 million to the Federal Inland Revenue Service. Its only assets are a cold store valued at ₦90 million and receivables of ₦12 million.
708 words, about 4 min