An Appraisal of the Legal Framework for Mergers and Acquisitions in Nigeria

Companies and agencies have found way of bailing themselves out of serious financial distress or build for themselves stronger business entities, through the use of mergers and acquisitions as an effective corporate restructuring tool. Most companies in Nigeria used mergers and acquisitions as a strategy to wither the storm of economic recession that bedeviled the Nation's economy or meet up with the regulatory requirement for the purpose of recapitalization. Several sectors of the economy ranging from banking, oil and gas, insurance, health care, telecommunications and the Fast Consumer Moving Goods (FCMG) have all actively witnessed mergers and acquisitions transactions