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In Nigeria’s business environment, corporate insolvency poses significant risks for creditors, and companies alike. The Companies and Allied Matters Act and related reforms provide structured frameworks that safeguard creditors while creating room for business rescue where possible.

Authored by TEMPLARS Partner, Godwin Omoaka, SAN, FCIArb, and Senior Associate, Collins Ogbu, this article examines key insolvency mechanisms and outlines creditor rights, including priority claims, access to information, and control over proceedings.

For creditors and companies navigating financial distress, the publication provides practical insights on protecting interests and maximising recovery.

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