Debt Recovery Strategies in Nigeria: A Guide for Banks and Other Business Entities

Debt Recovery Strategies in Nigeria: A Guide for Banks and Other Business Entities It is not unusual for banks and other financial institutions in the business of advancing loans for interest to have non-performing loans and debts owed by customers. Debt obligations also arise from day to day commercial transactions entered into by other business…

Payment Service Banks in Nigeria (PSBS): A Review of the Proposed Guidelines for Licensing and Regulation by the CBN

The Central Bank of Nigeria (CBN) by its letter dated 5th October 2018, written to all banks, telecommunication companies, mobile money operators, banking agents and the Nigerian Communication Commission, circulated draft guidelines and regulations of Payment Service Banks in Nigeria (PSB) for comments and observations. The Payment Service Banks in Nigeria is CBN’s initiative to…

Insolvency in Nigeria: A Change in Status Quo

At the recently concluded Business Recovery and Insolvency Practioners Association of Nigeria (BRIPAN) International Conference themed, “Driving Business Rescue in the Shadow of the Law”, which was well organized, well attended and very enlightening, several salient issues were raised in the discussions by speakers and discussants alike. In all, insolvency practice in Nigeria needs to…