DEREGULATION OF EQUITY STRUCTURE IN NIGERIA

The NIPC Policy provides that:
1. No enterprise shall be nationalized or expropriated by any Government of the Federation; and
2. No person who owns, whether wholly or in part, the capital of any enterprise shall be compelled by law to surrender his interest in the capital to any other persons.

There will be no acquisition of an enterprise by the Federal Government unless the acquisition is in the national interest or for a public purpose under a

law which makes provision for:

1. payment of fair and adequate compensation; &
2. a right of access to the courts for the determi-
nation of the investor’s interest of right and the amount of compensation to which he is entitled.

Compensation shall be paid without undue delay, and authorization given for its repatriation in convertible currency where applicable.