Insolvency professionals, CAC, others partner for better service delivery

Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to step up its engagement with Corporate Affairs Commission (CAC) for improved service delivery.

Mr Ayodele Akintunde

The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) says it will step up its engagement with the Corporate Affairs Commission (CAC) for improved service delivery.

The newly sworn-in President of BRIPAN, Ayodele Akintunde, SAN, made the remark during the inauguration of the 2022-2023 executive members in Lagos.

This is contained in a statement issued on Wednesday in Abuja by  Akintunde.

He assured that the new leadership would continue to constructively engage with the regulatory agencies to ensure better synergy in the interest of its members and the country.

“These engagements will help improve the customer experience of our members at the CAC and their overall experience when handling insolvency matters in the Federal High Court,” he said.

He stressed that strategic collaborations and partnerships would be the focus of the new exco.

“In the past, we have partnered with the Nigerian Stock Exchange (NSE), Securities and Exchange Commission (SEC), Asset Management Corporation of Nigeria (AMCON) and Nigeria Deposit Insurance Corporation (NDIC).

“We have also partnered with the INSOL International (International Association of Restructuring, Insolvency & Bankruptcy Professionals), Africa Roundtable, Developmental Agencies and even CAC in the areas of training and policy development in the insolvency space in Nigeria and Africa.

“The new exco will continue to forge better relationships with these organisations as well as with the Nigerian Bar Association (NBA) and the Institute of Chartered Accountants of Nigeria (ICAN) which most of our members belong to,” he said.

According to Akintunde, the recognition of BRIPAN as the foremost body of business rescue and insolvency professionals in Nigeria by Companies and Allied Matters Act (CAMA) 2020 has thrusts a lot of responsibility on us and we must continue to improve the theory and practice of insolvency.


“We should jealously guard our recognition as the best trainers of insolvency professionals in Nigeria.

“We must all work to consolidate this milestone achievement by making BRIPAN stronger, more effective and more responsive in the business rescue and insolvency space in Nigeria,” he enjoined.

He said BRIPAN would not rest on its oars to continue to engage with key stakeholders such as the judiciary, CAC, SEC, etc, to facilitate the requisite reforms.

NAN reports that Akintunde, who took over from Prof. Fidelis Oditah, SAN, as 10th president, is expected to paddle the ship of the body for the next two years.



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