The Covid-19 pandemic has forced organizations to adopt new measures for business continuity such as remote working. Governments around the world including the Federal Republic of Nigeria introduced guidelines to manage the pandemic which include “social distancing”.
While businesses, the Court and the public are still adapting to the new normal, the President of the Federal Republic of Nigeria granted his assent to the Companies and Allied Matters Bill which offers new alternatives for insolvency and restructuring procedures in Nigeria.
As a result, AGA-Africa in conjunction with the National Judicial Institute, Nigeria, organized a 2-day webinar themed ‘The Role of the Judiciary within the New Insolvency Framework created by the Companies & Allied Matters Act 2020’ on 4th –5th of February 2021.
The objective of the webinar was to achieve capacity building from the thought-provoking discussions amongst the judicial officers.
The webinar was officially opened by Ebelechukwu Enedah, AGA-Africa country coordinator for Nigeria.
Gracing the illuminating discussions were Prof G. Ray Warner, St. John’s University, USA,
Prof. Bolanle Adebola, University of Reading, UK, John Ukegbu ESQ, Attorney-at-Law, Jersey City, New Jersey office, Dr Samuel Etukakpan, former Team Lead, PEBEC, Antonia Menezes, Senior Financial Sector Specialist, World Bank, Hon. Elizabeth S. Stong, US. Bankruptcy Judge, David C. Blake, General Counsel, Attorney General Alliance, Anthony Idigbe SAN, Senior Partner, PUNUKA Attorneys & Solicitors, Alhaji Garba Abubakar, Registrar-General, Corporate Affairs Commission Nigeria, Hon Justice Nnamdi Dimgba, Federal High Court, Nigeria, Dr. Tunde Popoola, Managing Director, CRC Credit Bureau Limited, Amaechi Nsofor, Partner Grant Thornton, Prof Fidelis Oditah QC, SAN, Principal Partner Fidelis Oditah & Co. and Martha Fulford, Colorado’s First Assistant Attorney UCCC Administrator, Colorado Attorney General’s Office.
The webinar included various themes including: Overview of Insolvency Regimes – Creditor and Debtor Friendly, Corporate, Personal and Consumer; The Role of the Bankruptcy Court and Parties in Making the Choices: Judicial or Administrative Sanctioned Procedure, Restructure or Liquidate; Improving Consumer Credit and Preventing Predatory Lending and Consumer Bankruptcy; Issues in Approving Restructuring and Re-Organisation Plans.
The insightful and captivating webinar was brought to a close by David C. Blake, General Counsel, Attorney General Alliance.