Mergers and Acquisitions: Appraisal of Regulatory Framework in Nigerian Banking Sector
Loading...
Date
2022
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of the Department of Private and Property Law, Faculty of Law, Redeemer's University, Ede, Nigeria
Abstract
Due to the ever-changing process of life and nature, one event giving way and one thing for another, most changes in life's activities are owed to providence. The need to reconstruct becomes more glaring when all other remedies have been applied and it has defied solutions. Mergers and acquisitions are contemporary developments in the Nigerian Banking Industry and under Nigerian Law; Today, banks in Nigeria are saddled with the task of reconstructing by means of mergers and acquisitions for a number of reasons, ranging from inadequacy of working capital, lack of focus, underutilization of resources, inadequate equipment, foreign exchange decline, high cost of production, et cetera. This research work broadly examines the concept of mergers and acquisitions in the Nigerian banking industry from a legal perspective; it examines the challenges that accompany it and provides appropriate recommendations