Judges, lawyers, and business recovery experts have called for urgent reforms to Nigeria’s insolvency framework, stressing that effective restructuring mechanisms were critical to rescuing distressed businesses and safeguarding jobs, Anne Agbi reports.
Nigeria’s insolvency ecosystem must evolve beyond liquidation and punitive approaches if businesses are to survive the country’s turbulent economy, judges, lawyers, and business recovery practitioners have said.
They spoke at the 2025 Annual International Insolvency Conference of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), which opened on Thursday at the Civic Centre, Victoria Island, Lagos. The two-day event had the theme:…