The Senate on Tuesday passed through Second Reading a bill to repeal the twenty-six year old bankruptcy and insolvency law.
The proposed legislation is designed to bring about the best laws of managing bankruptcy.
Financial expert and Lawmaker representing Akwa Ibom North East Senatorial District, Senator Albert Bassey Akpan supported the bill while calling for a total overhaul of the bill in tandem with international best practices and to the benefit of Nigerians.
The bill is expected to provide an enabling environment for investors to invest in Nigeria’s economy.
