NBA-YLF urges BRIPAN on greater collaboration on insolvency practices
By Rukayat Moisemhe
The Nigerian Bar Association – Young Lawyers Forum (NBA-YLF) has urged the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to foster stronger collaboration.
The forum said such collaboration would enhance youth inclusion and increase participation in Nigeria’s insolvency practice landscape.
NBA-YLF Chairman, Mr Timothy Clement, made the appeal during a courtesy visit to BRIPAN President, Mr Chimezie Ihekweazu (SAN), on Saturday in Lagos.
Clement expressed young lawyers’ growing interest in insolvency and business recovery and requested training concessions to boost their engagement.
He noted that the Companies and Allied Matters Act (CAMA) 2020 had reformed Nigeria’s insolvency laws significantly.
According to him, the Act introduced flexible mechanisms for business recovery and restructuring, helping viable businesses to remain operational instead of shutting down.
Clement said the shift from liquidation to restructuring would reduce litigation, preserve economic value, and sustain employment across the country.
He added that young lawyers needed access to professional training and support to understand insolvency principles and contribute to national recovery efforts.
Responding, BRIPAN President, Ihekweazu, appreciated the visit and emphasised the importance of professional standards in insolvency practice.
He said CAMA 2020 prioritised professionalism and offered flexible options like company administration and voluntary arrangements instead of liquidation.
According to him, the Act empowers licensed practitioners to manage distressed firms towards recovery, encouraging sustainability and continuity.
He added that BRIPAN would consider inclusive membership concessions in line with its goal of boosting business survival rates in Nigeria.
Ihekweazu urged young lawyers to invest in building capacity and expanding their practice areas for long-term benefits. (NAN) (www.nannews.ng)
Edited by Chinyere Nwachukwu / Kamal Tayo Oropo
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