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A Bill for an Act to Repeal the Bankruptcy Act, Cap B2, Laws of the Federation of Nigeria 2004, and Enact the Business Insolvency and Restructuring Act to Provide a Modern Legal Framework for Insolvency, Corporate Rescue, and Creditor Protection, and for Related Matters

dc.contributor.authorNational Assembly
dc.date.accessioned2026-02-06T11:59:08Z
dc.date.available2026-02-06T11:59:08Z
dc.date.issued2025
dc.identifier.urihttps://ir.nilds.gov.ng//handle/123456789/3323
dc.description.abstractThis Bill seeks to repeal the Bankruptcy Act (Cap B2, LFN 2004) and replace it with a modern Business Insolvency and Restructuring Law, aligning Nigeria with international best practices. It introduces a corporate rescue framework, enhances creditor protection, strengthens regulatory oversight, and promotes economic stability through responsible debt resolution mechanismsen_US
dc.description.sponsorshipHon. Paul Nnamchi, Hon. Ahmed Yusuf Doro, Hon. Ahmed Munir, Hon. Chimaobi Sam Atu, Hon. Husseni A. Abdulkareem, Hon. Garba Ibrahim Mohammed, Hon. Alfred AJang, Hon. Inuwa Muhammed Bassi, Hon. Ime B. Okon, Hon. John M. Dafaanen_US
dc.language.isoenen_US
dc.publisherHouse of Representativesen_US
dc.relation.ispartofseriesHouse Bills;
dc.subjectBankruptcy Acten_US
dc.subjectRestructuring Acten_US
dc.subjectLegal Frameworken_US
dc.subjectInsolvencyen_US
dc.titleA Bill for an Act to Repeal the Bankruptcy Act, Cap B2, Laws of the Federation of Nigeria 2004, and Enact the Business Insolvency and Restructuring Act to Provide a Modern Legal Framework for Insolvency, Corporate Rescue, and Creditor Protection, and for Related Mattersen_US
dc.typeWorking Paperen_US


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