馃嚦馃嚞NigeriaWest Africa
Meristem Family Office report highlights succession and founder dependence as key risks to family wealth continuity
via Punch Nigeria4 min read
The Nigeria Family Wealth Report 2026, released by Meristem Family Office, a subsidiary of Meristem Securities Limited, emphasizes that a profitable business can still be unprepared for its future if its success is too closely tied to the founder. The report identifies founder dependence as a primary risk to long-term continuity, with 40% of respondents citing it as a major concern, while only 20% reported having a clear written succession plan. Many family businesses rely on the founder for key relationships, commercial knowledge, and decision-making, which can create vulnerabilities if not transferred into stronger systems. The report stresses that succession involves more than just choosing a successor; it includes decisions about the business's future, ownership clarity, leadership, and preparing future leaders. It also highlights the importance of governance in managing complexity, which can simplify ownership, decision-making, and information-sharing. The report introduces a "Complete Wealth" perspective, arguing that financial capital alone is insufficient for continuity; capable people, transferable knowledge, and clear values are also crucial. It notes that 40% of respondents found the next generation focused on their own paths, suggesting that business exposure and mentorship can strengthen their readiness. The report also considers external factors like currency movements, technology, and regulatory changes that reshape family wealth. It encourages families to asse
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Must ReadUnited States lawmaker Riley Moore has expressed approval of the Nigerian Senate's passage of the Constitution Alteration Bill, which aims to establish state police. Moore, who represents West Virginia鈥檚 2nd Congressional District, stated on his X handle that this reform would enable states to better protect their citizens, particularly persecuted Christians. He noted that he has advocated for this reform publicly and privately since investigating attacks against Christians in Nigeria. The bill, which seeks to decentralize policing by allowing states to create their own police services alongside the Nigeria Police Force, was approved by the Senate after more than two-thirds of senators voted in favor. Moore also commended President Bola Tinubu for supporting the proposal, but highlighted that the amendment still requires approval from at least two-thirds of the state Houses of Assembly to take effect. The proposed legislation would allow governors to appoint Commissioners of Police for their states, subject to confirmation by their state Houses of Assembly, and includes safeguards to prevent the deployment of state police against individuals or groups for criticizing a state government, unless in accordance with the law.
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