Nigeria’s top judges, lawyers, and insolvency experts are calling for a paradigm shift in the nation’s insolvency ecosystem — from punitive liquidation practices to proactive business rescue and restructuring — as economic turbulence continues to strain companies across sectors.
At the 2025 Annual International Insolvency Conference of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), held at the Civic Centre in Lagos, participants emphasized the need to modernize insolvency laws, integrate technology, and strengthen cross-border collaboration. The two-day event, themed “Deepening Insolvency Tools for Resolving Commercial and Financial Challenges of Businesses,” gathered…