Business Sale Proceeds and Founder Liquidity in Nigeria: Planning Brief

Selling a company, receiving an inheritance or realising employee shares can create a need to coordinate several professionals. The first task is to establish what the event has actually produced, which obligations remain and who has authority to decide. Wigmore Trading accepts commercial-research and enquiry-coordination requests. This guide does not recommend investments or manage sale proceeds.

A headline transaction value is not available cash

Ask the transaction team to explain the difference between agreed consideration, amounts paid, deferred payments, conditions and disputed sums. Identify the legal recipient and any continuing obligations. A company sale, founder share sale, employee option exercise and bonus payment have different documentation. Keep these distinctions visible before asking an investment provider for a proposal.

Coordinate tax and legal review early

Qualified advisers should assess the actual event, residence, ownership and timing under current law. Do not assume that sale proceeds, dividends, compensation and inherited assets have identical treatment. Ask for a documented scope and explain what information the adviser needs. This page does not calculate a tax liability, suggest a transaction structure or promise tax savings.

Separate planning from investment instructions

A preparatory brief can describe the decisions and professional help required without specifying a product or allocation. The appointed authorised adviser should assess suitability using the relevant information. An introductory meeting, portfolio illustration or investment proposal is not an accepted management mandate. Actual instructions must use the chosen provider’s approved process.

Check the manager, custodian and fees

Verify relevant functions through the SEC operator directory. Identify the entity giving advice, holding assets, executing instructions and sending statements. Request a dated fee schedule, conflicts disclosure, access terms and termination process. Neither the size of the proceeds nor a provider’s prestige establishes that its service is appropriate.

Executive shares, bonuses and dividend income

Employee stock options may involve exercise, vesting, contractual restrictions and employer documentation that require qualified review. Bonus and dividend records need their own explanation. Avoid treating these events as an automatic reason to trade, move offshore or select a particular fund. Ask the responsible professionals to explain the available scope and dependencies before any action.

Family and business continuity

A founder’s personal arrangements may interact with continuing company responsibilities, guarantees, succession questions or family ownership. Determine which professionals address each issue. A family office can coordinate administration only within its actual authority. Keep confidential transaction agreements and family information in the agreed secure process rather than circulating them with initial provider enquiries.

Discuss a preparation requirement

Send a non-confidential description of the event, project stage, research or coordination required and timetable. Wigmore can clarify available support and specialist dependencies. We do not accept sale proceeds, investment instructions or account credentials through sales enquiries. Regulated advice, custody, management and financial transactions require the appropriate authorised providers.