The Hidden Risk of Informal Contracts in Nigeria’s Business Ecosystem
The Hidden Risk of Informal Contracts in Nigeria’s Business Ecosystem Trust is the currency of Nigerian business. Handshakes seal deals. Verbal agreements drive commerce. Relationships matter more than paperwork. This is our business culture. But here is the problem. When things go wrong, that handshake will not help you in court. Those verbal promises become your word against theirs. Informal…

