The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has trained the staff of the Nigeria Deposit Insurance Corporation (NDIC) on personal insolvency, liquidation procedures, and corporate restructuring mechanisms.
Speaking at the three-day training session held in Lagos, BRIPAN President, Chimezie Ihekweazu, explained that the programme was designed to enhance NDIC’s capacity in debt recovery, business restructuring, and management of distressed institutions.
According to Ihekweazu, the training covered a broad range of topics, including the winding-up process, asset realisation and distribution, voluntary liquidation, receivership, schemes of arrangement and compromise, secured creditors and…