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Registering FOUNDATIONS/NGO's, Companies And Enterprise by wealthinfos(m): 8:07am On Sep 16, 2019
STARTING AND REGISTERING AN NGO/FOUNDATION IN NIGERIA

Registering and starting a Foundation could be a daunting task, but rewarding at the long run if properly guided and carried out by a proficient and accredited Government Agent.

A Non-Governmental Organization (“NGO”) is a body or association of persons registered as “Incorporated Trustees” under Section 590 of the Companies and Allied Matters Act, Cap C20 Laws of the Federation of Nigeria 2010 for the advancement of any religious, educational, literary, scientific, social/cultural development, sporting and charitable causes. An NGO is deemed a non-non--profits organization in Nigeria.

▪Please Note: An NGO or Foundation is not an Enterprise or a company structure, but a non-profit legal entity created to promote a cause or a calling of positive interest to the public. While a company is made up of Directors with shares, a Foundation or NGO is made up of Trustees who found and hold the vision of the organization in trust. Also while Enterprises and companies pay tax (VAT), Incorporated Trustees are exempted from tax by law, this is premised by the fact that such Foundations were setup for non-profit interests.
The following is a guide on how to start an NGO or registering a Foundation in Nigeria.

1. Write Down Your Vision/Mission: To start an NGO, you need to write about your organization’s beliefs, mission, and purpose. As you define your mission and draft you purpose statement, you should describe the overall purpose of the NGO; the activities your NGO will engage in or undertake; its core beliefs; etc.

2. Choose a name for your Foundation/NGO Depending on the goals of your NGO, the following are examples of names you may choose: “Women For Positive Change” “Transparency Initiative Foundation”, “United Education Trust Fund”, Rose Mary Foundation”, “Youths for Democratic Governance”, “Brilliant Minds Educational Foundation” , etc. (plus an alternate name in case the first is not available for reservation).

3. Appoint the Trustee(s); A person qualified to be appointed a Trustee must not be less than 18 years of age; or of unsound mind; or undischarged bankrupt; or convicted of an offense involving fraud or dishonesty within 5 years of his proposed appointment. The Number of Trustees could be minimum of two persons and maximum of five of which the first trustee would be the BoT Chairman, a Secretary and other board members.

4. Consult an Accredited Agent; you need to consult an Agent who has been duly accredited by the Corporate Affairs Commission (CAC) to conduct pre and post incorporation matters with the Commission to help you execute the following:

(i) Name Availability Search and Reservation. Your accredited Agent will conduct a search at the Corporate Affairs Commission (CAC) registry to check if the NGO’s name you have chosen is available for reservation. Only a name that is not identical to an existing registered organization in Nigeria can be reserved for you. Where your name is available, same will be approved for registration. Name availability check and reservation can be effected within 48 hours by a CAC accredited Agent.

(ii). Publication of Notices. Your Agent in compliance with the law, will publish in three (3) national dailies, one being a local newspaper widely circulated in the area where your NGO is based on a notification of intention to register the NGO, setting out the name of the NGO; the names of trustees, aims and objectives; and a call for objections within 28 days to the registration of the NGO (if any)

(iii) Drafting of the NGO Constitution. The NGO’s constitution drafted by the Agent will set out rules that would govern the internal affairs of the NGO, the aims, and objectives of the NGO, the governance structure, names of members of the Board of Trustees, the statement of purpose, etc.

(iv) Drafting of the Minutes of the Meeting. Your Agent will draft the minute of meeting that will provide details whereat members of the Board of Trustees were appointed, list of members present and absent, the voting pattern, and the authorization to apply for registration, signed by Chairman and Secretary of the Board.
Drafting of the Minutes of the Meeting. Your Agent will draft the minutes of meeting whereat the special clause was adopted into the constitution of the organization; signed by Chairman and Secretary of the Board.

(v). Documentation of all incorporation documents. Your Agent will put together all incorporation documents including duly completed application form in triplicate, letter of application, the original of newspaper publications, copies of the NGO constitution so drafted, the above minutes of the meetings, passport-sized photographs of the Trustees, the impression of the common seal of the NGO, etc.

(vi) Submission and Filing. Your Agent will file all the relevant documents with the Corporate Affairs Commission for the incorporation of the NGO.

(vii) Collection of the NGO Certificate of Incorporation. The Certificate of Incorporation of the NGO will be issued by the Corporate Affairs Commission to you through your CAC Accredited Agent after due documentation and filings.

(viii). Open a Bank Account in the NGO Name. This is very important because opening a bank account in the NGO’s name shows the NGO is official and you are ready to receive financial support and donations from the public. To open a bank account, you will need the Certificate of Incorporation of the NGO issued by the Corporate Affairs Commission.

■THE BENEFITS OF REGISTERING AN NGO
The following are the benefits of registering a Foundation/NGO:

1. Right to Acquire Assets. When your organization is formally registered with the Corporate Affairs Commission by way of incorporation, it then becomes entitled to acquire land, own fixed assets and/or incur liabilities under its common seal. It is illegal for an unregistered organization to buy, hold or sell land anywhere in Nigeria.

2. Protection from Personal Liability. You can buy, acquire and register stakes and assets in the name of your NGO. This is a very smart way of protecting yourself from unlimited liability for untoward happening such as bankruptcy, foreclosure, judgment debt, or divorce etc. Assets and property registered in the name of your NGO can never be targeted or attached for the satisfaction of any unsettled debts, nor can it be used for court settlement in a divorce proceeding. You are better off outsmarting an ugly situation in future than be sorry!

3. Corporate Entity. As a corporate body, your organization’s dealings and engagements with the public will improve. The NGO can sue to enforce its legal rights or be sued through its registered trustees.

4. Structured Financial Plan. Having an NGO can afford a tax-free mechanism for activities you are carrying-on under the NGO. NGOs are deemed not-for-profit and tax exempted. You can develop a structured financial plan that allows the organization to do business devoid of tax liabilities. This is called “tax avoidance”. Tax avoidance is a legitimate way of reducing or eliminating your tax obligation. Tax avoidance is not “tax evasion” which is illegal!

5. Stability. The registration of your organization can suggest that there is effective and responsible leadership in place. The public will perceive same as being stable than an unregistered organization. Political parties, government, donor agencies, financial institutions, charity organizations and other NGOs will want to partner with a registered body to further common objectives.

6. Perpetual Succession. This means an NGO got an unlimited lifespan and will continue to exist even if the founder or trustees die or leave the NGO. The organization’s existence will only cease if it is formally wound up by the Order of Court. Amongst other benefits, this may allow perpetual succession.

7. Access to Credit. Registering an NGO can afford access to credit from lenders and financial institutions. You can use a loan facility to promote the organization’s activities, finance a mortgage, acquire land or fixed assets. Banks will want to see proof of registration with the CAC as condition precedent to giving a loan.

8. Name Preservation. Once your organization is registered, no one can use the same name or name similar to it throughout Nigeria. This has the benefit of protecting your corporate image and name from unauthorized use.

9. Banking. Opening a corporate account with a bank for the NGO may signal the fact that you are transparent. Some private persons, government, donor agencies and other NGOs will not be comfortable writing you a cheque for your organization in your personal name. A bank account for the NGO would signal its corporate existence and its readiness to receive donations. You need to provide proof that your organization is registered with the Corporate Affairs Commission to be able to open an account with a bank.

■NEXT STEP?

If you want to start an NGO or a Foundation you are taking the right step in the right direction. Registering an NGO would confer numerous benefits for the growth and sustainability of whatever you do. It is recommended that you obtain guidance from an accredited Agent like us of the CAC for pre and post incorporation matters of the NGO/Foundation and other post incorporation issues that may arise thereafter registration.

To get started Contact:

GIDEON ELE & PARTNERS
(Real Estate & Corporate Consultants),
#8. Ebony/Orazi Rd.
Port Harcourt.
07063249904, 08188573805
www.gideonele.com
View our Real Estate listing: www.facebook.com/gideoneleandpartners

Re: Registering FOUNDATIONS/NGO's, Companies And Enterprise by wealthinfos(m): 8:11am On Sep 16, 2019
Next is Company/Enterprise registeration. Keep a watch here
Re: Registering FOUNDATIONS/NGO's, Companies And Enterprise by wealthinfos(m): 9:36pm On Sep 17, 2019
Drop your questions
Re: Registering FOUNDATIONS/NGO's, Companies And Enterprise by wealthinfos(m): 1:00am On Sep 25, 2019
�CORPORATE REGISTERATION FOR ENTERPRISE, COMPANY, NGOs, CLUBS & FOUNDATIONS


When you think its time to Promote a cause you are passionate about, or to build a legacy in your community/ society or even to run a Professional business brand with repute to gain public trust, then you know its time to be registerd! Go professional!


�Take advantage of this opportunity to get your company or NGO/Foundation fully incorporated/registerd with the Corporate Affairs Commission (CAC).

�Our Services includes & Covers nation wide:

✅Business Enterprise Registration
✅Limited Company Registeration
✅Registeration of Foundations, Churches, NGOs, Associations, Clubs)
✅Stamp Duty (Taxation) & other Corporate Services


�Serious Enquiries only:

GIDEON ELE & PARTNERS
(Real Estate Managers & Corporate Consultants)
#8. Ebony/Oroazi Rd.
Port Harcourt.
07063249904, 08188573805.
~~~~~~~~~~~~~~~~

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Re: Registering FOUNDATIONS/NGO's, Companies And Enterprise by wealthinfos(m): 7:01pm On Nov 13, 2019
Feel free to reach us through the numbers
Re: Registering FOUNDATIONS/NGO's, Companies And Enterprise by wealthinfos(m): 11:49pm On Nov 14, 2019
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Pls Contact:

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#8 Ebony/Oroazi rd.
Port Harcourt.
07063249904
08188573805

Re: Registering FOUNDATIONS/NGO's, Companies And Enterprise by lat55(f): 6:02pm On Apr 16, 2020
Thank you so much for the info on NGOs exactly what I was looking for
Re: Registering FOUNDATIONS/NGO's, Companies And Enterprise by wealthinfos(m): 10:39am On Jun 03, 2020
lat55:
Thank you so much for the info on NGOs exactly what I was looking for

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