Seller Portal / Closing

Closing centre

Conditions precedent, signature matrix, funds flow and post-closing obligations.

Closing journey
Terms Agreed
Due Diligence Complete
Documents Finalised
Approvals Complete
Funds Confirmed
Signatures Complete
Closing
Post-Closing
Funds flow
Buyer consideration₦2.40B
Licensed escrow / settlement institution₦2.40B
Debt repayment-₦420M
Transaction expenses-₦96M
Retention account-₦180M
Tax and regulatory payments-₦74M
Seller net proceeds₦1.63B
Funds are handled only through integrated licensed financial or escrow institutions. Xetus never holds transaction funds.
14%
Closing completion
Signature matrix
  • BuyerComplete
  • SellerComplete
  • DirectorsAwaiting signature
  • ShareholdersAwaiting signature
  • AdvisersComplete
  • Escrow institutionAwaiting document
  • LendersComplete
  • RegulatorsAwaiting approval
Closing checklist · 2 of 14 conditions satisfied
RequirementCategoryOwnerExternal partyDueRiskStatusAction
Third-party consents obtainedConditions precedentAdaeze OkonkwoAdeyemi & Cole Legalin 3 daysRisk · LowComplete
FCCPC clearance confirmedRegulatory approvalsChuka OkonkwoBuyer counselin 7 daysRisk · MediumAwaiting document
Share purchase agreement executedLegal documentsOla AdekunleEscrow institutionin 12 daysRisk · HighIn preparation
Debt funding confirmation letterFinancing confirmationTunde BelloRegulatorin 21 daysRisk · LowAwaiting signature
Escrow account instructions agreedEscrowNgozi Uche—in 3 daysRisk · MediumAwaiting approval
Funds-flow statement agreedFunds flowKelechi MusaAdeyemi & Cole Legalin 7 daysRisk · HighAwaiting funds
Director signature pack completeSignaturesFatima DanladiBuyer counselin 12 daysRisk · LowNot started
Board resolution approving saleBoard approvalsEmeka AigbeEscrow institutionin 21 daysRisk · MediumComplete
Shareholder written resolutionShareholder approvalsZainab YusufRegulatorin 3 daysRisk · HighAwaiting document
Disclosure schedule finalisedDisclosure schedulesPeter Nkomo—in 7 daysRisk · LowIn preparation
Completion accounts basis agreedCompletion accountsAdaeze OkonkwoAdeyemi & Cole Legalin 12 daysRisk · MediumAwaiting signature
Closing bible compiledClosing documentsChuka OkonkwoBuyer counselin 21 daysRisk · HighAwaiting approval
Operational handover plan signedHandover documentsOla AdekunleEscrow institutionin 3 daysRisk · LowAwaiting funds
Post-closing obligations tracker livePost-closing obligationsTunde BelloRegulatorin 7 daysRisk · MediumNot started
Post-closing obligations
Operational handoverIn preparation
Transition servicesNot started
Employee communicationComplete
Customer notificationIn preparation
Supplier notificationNot started
Regulatory filingsComplete
Earn-out monitoringIn preparation
Retention releaseNot started
Warranty claims windowComplete
Completion-account adjustmentIn preparation