{"id":526,"date":"2019-03-17T22:55:11","date_gmt":"2019-03-17T21:55:11","guid":{"rendered":"https:\/\/nigerianlawyersdirectory.com\/research\/?p=526"},"modified":"2024-08-01T10:51:20","modified_gmt":"2024-08-01T09:51:20","slug":"enforcement-of-corporate-law-in-nigeria","status":"publish","type":"post","link":"https:\/\/nigerianlawyersdirectory.com\/research\/enforcement-of-corporate-law-in-nigeria\/","title":{"rendered":"Understanding And Evaluating The Enforcement Of Corporate Law In Nigeria: The Case For Enhanced Public Civil Enforcement"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>By Oludara Ajibike Awolalu<\/strong><\/p>\n<p><em>Oxford University Standard for the Citation of Legal Authorities (OSCOLA) citation (adjusted):<br \/>\n<\/em>Oludara Ajibike Awolalu, \u2018Understanding and Evaluating the Enforcement of Corporate Law in Nigeria: The Case for Enhanced Public Civil Enforcement\u2019 (PhD thesis, Durham University, United Kingdom 2017)<\/p>\n<h2 style=\"text-align: center;\">Abstract<\/h2>\n<p>In recent years, countries around the world have witnessed a number of corporate scandals, varying in their enormity. Nigeria has been no exception, having suffered its fair share of these corporate scandals. In many countries, the discovery of some new corporate scandal is unsurprisingly accompanied by calls, from various quarters, for increased directorial accountability. Such calls are then, in their turn, followed by the introduction of new corporate and securities regulations, as well as reforms to existing corporate governance codes. In this quest for increased directorial accountability however, almost all the attention tends to be placed on the substantive content of the laws and codes governing directors. Much less attention, by contrast, has been devoted to the effectiveness of the enforcement regimes applying to these laws and codes. Yet, in the absence of effective enforcement, substantive rules have little impact. Consequently, while it is important to have appropriately developed company law regimes, which impose duties and responsibilities on directors, such laws are likely to fall well short of the mark unless they are also well enforced. It therefore becomes necessary to examine critically enforcement within the context of corporate law. In light of the crucial importance of enforcement in securing directors\u2019 compliance and accountability, this thesis focuses upon the enforcement of corporate law in Nigeria. It analyses three major enforcement regimes in Nigeria: the criminal enforcement regime, the private civil enforcement regime and the public civil enforcement regime. Drawing on criteria for determining effective enforcement developed in the course of this thesis, it argues that the public civil enforcement regime offers the best potential for achieving significant real improvement in the enforcement of corporate law in Nigeria. To further reinforce the argument made for an enhanced public civil enforcement regime, this thesis uses three enforcement case studies derived from the UK and from Australia. The enforcement experience in these countries, whose corporate law regimes bear close similarities with that of Nigeria, have revealed that the public civil enforcement regime, by a clear gap, offers a potentially effective enforcement regime in corporate law. In short, then, this thesis argues that attaining effective enforcement of corporate law is within Nigeria\u2019s reach but this can however be achieved only if it reforms, and develops, public civil enforcement in order to realise the potential benefits of this enforcement regime.<\/p>\n<p><strong>Keywords:<\/strong> Enforcement of Corporate Law, Nigeria,\u00a0 Enhanced Public Civil Enforcement,\u00a0Corporate Scandals, Directorial Accountability, Corporate And Securities Regulations, Corporate Governance Codes, Comparative Law<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Oludara Ajibike Awolalu Oxford University Standard for the Citation of Legal Authorities (OSCOLA) citation (adjusted): Oludara Ajibike Awolalu, \u2018Understanding and Evaluating the Enforcement of Corporate Law in Nigeria: The Case for Enhanced Public Civil Enforcement\u2019 (PhD thesis, Durham University, United Kingdom 2017) Abstract In recent years, countries around the<span class=\"more-link\"><a href=\"https:\/\/nigerianlawyersdirectory.com\/research\/enforcement-of-corporate-law-in-nigeria\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":3,"featured_media":529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[104,91],"tags":[103,142,143,140,141,137,139,138],"class_list":["entry","author-guest-author","post-526","post","type-post","status-publish","format-standard","has-post-thumbnail","category-law-doctoral-phd-thesis-abstracts","category-nigerian-law-phd-theses-and-llm-dissertations-abstracts-database","tag-comparative-law","tag-corporate-and-securities-regulations","tag-corporate-governance-codes","tag-corporate-scandals","tag-directorial-accountability","tag-enforcement-of-corporate-law","tag-enhanced-public-civil-enforcement","tag-nigeria"],"yoast_head":"<!-- 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Yourself In Nigeria&#8217;s Free Premium Unique Lawyers Directory","author":"Dr. Leesi Ebenezer Mitee","date":"","format":false,"excerpt":"Nigeria's Free Premium Unique Lawyers Directory Free Lawyers PhD Theses And LLM Dissertations Abstracts Database","rel":"","context":"In &quot;Nigerian Lawyers Directory&quot;","block_context":{"text":"Nigerian Lawyers Directory","link":"https:\/\/nigerianlawyersdirectory.com\/research\/nigerian-lawyers-directory\/"},"img":{"alt_text":"Nigeria's Free Premium Unique Lawyers Directory","src":"https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/Nigerias-Free-Premium-Unique-Lawyers-Directory.jpg?fit=640%2C480&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/Nigerias-Free-Premium-Unique-Lawyers-Directory.jpg?fit=640%2C480&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/Nigerias-Free-Premium-Unique-Lawyers-Directory.jpg?fit=640%2C480&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":355,"url":"https:\/\/nigerianlawyersdirectory.com\/research\/laws-of-the-federation-of-nigeria-2004-alphabetical-table\/","url_meta":{"origin":526,"position":3},"title":"Laws Of The Federation Of Nigeria 2004: Alphabetical Table","author":"Dr. Leesi Ebenezer Mitee","date":"","format":false,"excerpt":"This is the alphabetical table or list of the Chapters of the Nigerian Federal laws (legislation or statutes) contained in the Revised Edition of the Laws of the Federation of Nigeria 2004. It superseded the Revised Edition of the Laws of the Federation of Nigeria 1990. The Revised Edition (Laws\u2026","rel":"","context":"In &quot;Laws Of The Federation Of Nigeria (Federal Legislation)&quot;","block_context":{"text":"Laws Of The Federation Of Nigeria (Federal Legislation)","link":"https:\/\/nigerianlawyersdirectory.com\/research\/laws-of-the-federation-of-nigeria-federal-legislation\/"},"img":{"alt_text":"The Laws of the Federation of Nigeria","src":"https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/The-Laws-of-the-Federation-of-Nigeria.png?fit=640%2C480&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/The-Laws-of-the-Federation-of-Nigeria.png?fit=640%2C480&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/The-Laws-of-the-Federation-of-Nigeria.png?fit=640%2C480&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":549,"url":"https:\/\/nigerianlawyersdirectory.com\/research\/elizabeth-oruene-ikiriko-advancement-of-female-solicitors\/","url_meta":{"origin":526,"position":4},"title":"A Study Investigating The Advancement Of Female Solicitors In England: Exploring The Promotion To Partner Level Process, Challenges And Opportunities","author":"Guest Author","date":"","format":false,"excerpt":"By Elizabeth Oruene Ikiriko Abstract The disparity in the number of male and female partners within law firms is a problem that has been present within the legal profession in England. As of July 2017, female partners constituted 33% as against 67% of male partners. Previous studies on gendered marginalization\u2026","rel":"","context":"In &quot;Nigerian Lawyers Doctoral (PhD) Theses Abstracts Database (Thesis)&quot;","block_context":{"text":"Nigerian Lawyers Doctoral (PhD) Theses Abstracts Database (Thesis)","link":"https:\/\/nigerianlawyersdirectory.com\/research\/law-doctoral-phd-thesis-abstracts\/"},"img":{"alt_text":"Advancement Of Female Solicitors In England","src":"https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/Advancement-Of-Female-Solicitors-In-England.jpg?fit=640%2C480&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/Advancement-Of-Female-Solicitors-In-England.jpg?fit=640%2C480&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/Advancement-Of-Female-Solicitors-In-England.jpg?fit=640%2C480&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":568,"url":"https:\/\/nigerianlawyersdirectory.com\/research\/towards-effective-legal-writing-in-nigeria\/","url_meta":{"origin":526,"position":5},"title":"Towards Effective Legal Writing In Nigeria","author":"Dr. Leesi Ebenezer Mitee","date":"","format":false,"excerpt":"By Ekokoi Solomon[1] Abstract This article examines legal writing \u2013 an important module in legal training in law faculties of Nigerian universities, albeit the teaching of legal research and writing have not been accorded the high priority they deserve. It examines how to write an effective legal research report, with\u2026","rel":"","context":"In &quot;Academic Writing And Publication Ethics&quot;","block_context":{"text":"Academic Writing And Publication Ethics","link":"https:\/\/nigerianlawyersdirectory.com\/research\/academic-writing-and-publication-ethics\/"},"img":{"alt_text":"Towards Effective Legal Writing In Nigeria","src":"https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/Towards-Effective-Legal-Writing-In-Nigeria.jpg?fit=640%2C480&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/Towards-Effective-Legal-Writing-In-Nigeria.jpg?fit=640%2C480&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/nigerianlawyersdirectory.com\/research\/wp-content\/uploads\/2019\/03\/Towards-Effective-Legal-Writing-In-Nigeria.jpg?fit=640%2C480&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/posts\/526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/comments?post=526"}],"version-history":[{"count":0,"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/posts\/526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/media\/529"}],"wp:attachment":[{"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/media?parent=526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/categories?post=526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerianlawyersdirectory.com\/research\/wp-json\/wp\/v2\/tags?post=526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}