The film continues the story of the charismatic and affluent group known as the Merry Men, who use their skills, resources, and cunning to take on corrupt politicians and criminals.

The Merry Men, who have become known for their Robin Hood-like exploits in taking down corrupt individuals, are targeted by a mysterious nemesis seeking revenge for their past actions.

Filming occurred in various high-end, undisclosed locations around Lagos and Abuja, highlighting the luxurious lifestyle of the Merry Men while maintaining the fast-paced action that is a hallmark of the series.

[9] During its fourth weekend, at the start of November 2023, Merry Men 3 surpassed ₦100 million in total earnings and reached a peak ranking of No.

They wrote, "Merry Men 3 suffers primarily from a lack of clarity in various aspects of its plot, leading to inconsistencies as the story unfolds.

While the film offers moments of excitement, it is marred by numerous plot holes and unresolved details, leaving several loose ends.

[14] Victory Hayzard Solum of AfroCritik awarded the film 1.5 stars out of 5, remarking, "Whatever glimpses of excellence Merry Men 3: Nemesis offers are quickly overshadowed by its reliance on uninspired humor.

Despite the critique, Solum praised some of the cast members, highlighting Ufuoma McDermott's performance, stating that she "once again proves she can hold her own as a dramatic lead in an action movie."