In Nigeria, there is no specific Insolvency Act. There is no definition of who an Insolvency practitioner is, and there is no statutory framework for the proper regulation of the profession. The Companies and Allied Matters Act (CAMA) enacted as a Decree in 1990 provides the general legal framework for corporate asset recovery or realization. Whilst the provisions of CAMA have been inadequate in addressing issues bothering on cross-border insolvency ……

An Overview of Insolvency & Restructuring in Nigeria. Download