21/10/2025
A few years ago, a client invited me to the grand opening of her restaurant. Excited to celebrate her success, I arrived at the venue, only to find her standing outside, in tears. Three hefty bouncers were stationed at the entrance, barring her and anyone associated with her from entering. Shocked, I asked what had happened.
She explained that she had reached out to a wealthy old friend to invest in her business. The initial plan was for her to relinquish 30% equity to him. But as time went on, through the man’s lawyer, they managed to put her in a difficult position. Desperate for funds, she eventually signed documents transferring 75% of her company shares, leaving herself with only 25%.
She complied, trusting the man and overlooking the consequences. Soon after, they completely took over the business operations and decision-making, effectively pushing her aside.
Out of compassion and indignation, I intervened and initiated a mediation process. Eventually, they agreed to pay her ₦10 million for the remaining 25% shares, She agreed and walked away to start afresh.
This experience reinforced a timeless truth; as Edmund Burke once said,
“The only thing necessary for the triumph of evil is for good men to do nothing.”
If my client had sought proper legal guidance before accepting the investor’s terms, the outcome would have been entirely different. Her partner had his lawyer. She had none.
My advice:
Never think lawyers are too expensive to consult. The real cost lies in entering business deals without proper legal protection. Seek lawyers with integrity who are genuinely passionate about protecting your interests and ensuring your decisions are legally sound.
# JogoLegalAdvocates
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