To dissolve a business partnership in Nigeria, you can follow these steps:

  1. Review the partnership agreement: Check the agreement to see if it provides a procedure for dissolving the partnership.
  2. Agree on the dissolution: If there is no procedure in the agreement, reach an agreement with your partner on the terms of the dissolution.
  3. Notify partners and stakeholders: Inform any relevant parties, such as employees, suppliers, customers, and government agencies, of the dissolution.
  4. Settle any outstanding debts and obligations: Pay any outstanding debts and obligations, including taxes, and make arrangements for the distribution of any remaining assets.
  5. File the necessary documentation: Depending on the type of partnership, you may need to file the dissolution with the Corporate Affairs Commission (CAC) and other relevant government agencies.
  6. Wind up the business: Close bank accounts, cancel licenses, and dispose of any remaining assets.

It is important to seek the advice of a legal professional to ensure that the dissolution is carried out in accordance with Nigerian laws and that all parties involved are protected.

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