The President, and Chairman of  Council, Institute of Directors, Chief Chris Okunowo will on Thursday October 1, 2020, deliver a keynote in an online summit with the title “Mergers and Acquisitions, a Panacea for Economic Recovery”.

The summit which will hold in the form of a webinar is organized by a Lagos Law Firm, Pinheiro LP in celebration of the 60th Independent day anniversary of Nigeria.

The Principal Partner of the firm, Mr Kemi Pinheiro SAN in a statement said that “In recent times, the global economy has been undeniably affected by the Corona virus pandemic. Financial systems have been badly hit, companies and businesses are not left out. It is predicted that every region of the world will be subject to substantial economic contractions;

This creates the necessity for companies and businesses to seek alternatives to ensure their sustenance in the midst of the pandemic fall out”.

He said further: “Mergers and Acquisitions as a corporate restructuring mechanism may be a likely consideration for companies”.

He said the firm organized the summit to discuss and propose mergers and acquisitions as a way out for the recovery of Nigerian economy.

To join Chief Okunowo in the discussion are Mr Oluwole Abegunde, Group Managing Director, Meristem Securities Limited; Debola Badejo, Investment Director, UAC Nigeria Plc; Tsegaye Laureudeau, Managing Counsel, Shearman & Sterling LLP, UK and Ajoke Ojikutu, Associate Partner, Head Corporate Practice, Pinheiro LP.

The summit is expected to hold at 2.00pm.