Examining the Legal and Regulatory Framework for Safeguarding Employee Rights in Nigerian Mergers and Acquisitions

Abstract

With the growth of Nigeria’s economy and the increasing presence of multinational corporations,
mergers and acquisitions have become more common, raising concerns about employee treatment
during these transactions. Using doctrinal research methodology, this paper examined the legal
and regulatory frameworks governing mergers and acquisitions in Nigeria, focusing specifically
on the protection of employee rights. The findings of this paper revealed strengths, weaknesses,
and gaps within the current framework, highlighting the need for improvements to ensure fair
treatment, transparency, and accountability. Recommendations were made to strengthen employee
rights protection in Nigerian mergers and acquisitions transactions, with the goal of promoting
trust, social responsibility, and organizational stability. This inquiry contributes to advancing the
principles of equity, justice and sustainable development in the corporate landscape of Nigeria.