Sanctions are commonly used by states and supranational organizations to modify behavior, reduce maneuverability, weaken positions, and publicly denounce the conduct of erring states, non-state entities and individuals.

The United States, the United Kingdom, and the European Union are just a few examples of entities that regularly impose sanctions in response to geopolitical crises. However, Nigeria lacks a strong sanctions regime, leaving multinationals vulnerable to a range of potential risks.

This publication explores the impact of this gap in Nigeria’s regulatory framework on multinational corporations.