Justice Inyang Ekwo has unveiled a book titled ‘Insolvency, Bankruptcy Laws and Practice in Nigeria’, a publication that provides a comprehensive examination of Nigeria’s insolvency and bankruptcy framework. Mr Ekwo described the publication as one of the most comprehensive works on insolvency and bankruptcy practice in Nigeria.
The judge said the publication provided an extensive examination of Nigeria’s evolving insolvency framework, covering corporate restructuring, debt recovery, bankruptcy procedures, liquidation, receivership, mergers and acquisitions, company voluntary arrangements, and banking-sector insolvency.
The book offers practical guidance and scholarly analysis for legal and financial practitioners.
“The book draws from key legislations, including the Companies and Allied Matters Act 2020 (CAMA 2020), the Bankruptcy Act, banking regulations, deposit insurance laws, credit reporting systems and secured transactions frameworks,” Mr Ekwo said.
The book is structured into 21 chapters that combine judicial insight with academic depth, reflecting his experience as a judge of the Federal High Court.
“The publication also incorporates comparative perspectives from other Commonwealth jurisdictions while remaining rooted in Nigeria’s legal system,” he said.
Mr Ekwo noted that one major strength of the book was its ability to simplify technical areas of insolvency law without compromising analytical depth. According to him, the publication is accessible to judges, lawyers, regulators, bankers, accountants, enforcement agencies, academics and students.
“The book is the first fully comprehensive textbook devoted exclusively to insolvency and bankruptcy laws and practice in Nigeria,” he said.
Legal pundits believe the publication will shape discussions on financial regulation, corporate rescue, and business restructuring in Nigeria, especially amid increasing economic pressures on businesses and financial institutions nationwide.
Insolvency is a financial situation in which a person, company, or organisation is unable to pay its debts when they are due. It occurs when liabilities exceed available funds or assets, or when cash flow is insufficient to meet financial obligations.
(NAN)
