23rd March 2023
Lack of Effective Sanctions Regime in Nigeria and Its Impact on Multinationals
Sanctions are commonly used by states and supranational organizations to modify behavior, reduce maneuverability, weaken positions, and publicly denounce the conduct of erring states, non-state entities and individuals.
The United States, the United Kingdom, and the European Union are just a few examples of entities that regularly impose sanctions in response to geopolitical crises. However, Nigeria lacks a strong sanctions regime, leaving multinationals vulnerable to a range of potential risks.
This publication explores the impact of this gap in Nigeria’s regulatory framework on multinational corporations.
