The Federal High Court of Nigeria has established an Insolvency Unit to modernise and update insolvency practice and proceedings in the country.
The unit was created by the Chief Judge of the court, Justice John Tsoho, as part of concerted efforts to ensure that the court meets the expectations of all aspects of the law in the country.
A statement by the Court’s Chief Registrar, Mr Sulaiman Amida Hassan, on Monday explained that the creation of the unit was done pursuant to the provisions of the Companies and Allied Matters Act, 2020; the Asset Management Corporation of Nigeria (AMCON) Act, 2019 (as amended); the Nigeria Deposit Insurance Corporation (NDIC) Act, 2024; and the Bankruptcy Act, Laws of the Federation of Nigeria,…
