Affidavit Of Closure for Nigeria

Affidavit Of Closure Template for Nigeria

An Affidavit of Closure is a formal sworn declaration under Nigerian law that officially documents the closure of accounts, businesses, matters, or transactions. This legal document, which must be sworn before a Commissioner for Oaths or Notary Public in Nigeria, provides conclusive evidence of closure and can be used in various contexts, from business cessation to account closures. The document follows the requirements set forth in the Nigerian Evidence Act and Oaths Act, requiring proper verification and attestation to be legally valid. It serves as an official record and can be presented to courts, government agencies, or other relevant parties as proof of formal closure.

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What is a Affidavit Of Closure?

The Affidavit of Closure is a crucial legal instrument in Nigerian business and administrative practice, used to formally declare and document the conclusion of various matters, from business operations to financial accounts. This sworn statement, governed by Nigerian federal and state laws, particularly the Evidence Act and Oaths Act, provides official confirmation of closure and helps prevent future disputes or claims. The document typically includes detailed information about the matter being closed, the authority of the deponent, and any relevant supporting documentation. An Affidavit of Closure must be sworn before authorized officials and can be used in court proceedings, regulatory compliance, or business records. It's particularly important in situations requiring formal documentation of closure for legal or administrative purposes, such as company dissolutions, account closures, or project completions.

What sections should be included in a Affidavit Of Closure?

1. Title and Heading: Identifies the document as an Affidavit of Closure, includes the court details if applicable, and reference number

2. Deponent Information: Full name, age, religion (for oath purposes), occupation, and address of the person making the affidavit

3. Authority Statement: Establishes the deponent's authority to make the declaration and their relationship to the subject matter

4. Subject Matter Identification: Clear identification of what is being closed (account, business, matter) including relevant reference numbers and dates

5. Declaration of Closure: Explicit statement confirming the closure and the effective date

6. Verification Statement: Standard affidavit verification clause stating that the contents are true and correct

7. Jurat/Attestation: Official certification by the authorized person (commissioner for oaths/notary public) including date, place, and signature

What sections are optional to include in a Affidavit Of Closure?

1. Outstanding Obligations: Section declaring any pending or fulfilled obligations, used when there are financial or contractual obligations to address

2. Related Parties: List of other parties involved or affected by the closure, used when multiple stakeholders are involved

3. Reason for Closure: Explanation of circumstances leading to closure, used when context is legally relevant

4. Property Disposition: Details of how assets or properties have been disposed of, used when physical or financial assets are involved

5. Future Correspondence: Instructions for any future communications or claims, used when ongoing matters might arise

6. Corporate Resolution Reference: Reference to corporate resolutions authorizing the closure, used for company-related closures

What schedules should be included in a Affidavit Of Closure?

1. List of Closed Accounts/Matters: Detailed list of all accounts, matters, or items being closed, with reference numbers

2. Supporting Documents: List of attached documents proving closure or authority (bank statements, corporate resolutions, etc.)

3. Final Settlement Statement: Statement showing all final settlements and zero balances, if applicable

4. Notice of Closure: Copies of formal notices sent to relevant parties regarding the closure

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Genie AI

Document Type

Affidavit

Cost

Free to use
Relevant Industries

Banking and Finance

Legal Services

Corporate Services

Real Estate

Manufacturing

Retail

Construction

Import/Export

Professional Services

Education

Healthcare

Non-Profit Organizations

Relevant Teams

Legal

Compliance

Finance

Corporate Secretariat

Operations

Administration

Risk Management

Corporate Affairs

Accounting

Executive Leadership

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Legal Counsel

Compliance Officer

Finance Manager

Business Owner

Project Manager

Account Manager

Operations Director

Administrative Officer

Risk Manager

Branch Manager

Liquidator

Trustee

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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