Lawyers, others assess Nigeria’s arbitration capabilities
THE capacity of Nigeria to be favored as the International venue for arbitration activities and how to meet the required standard, formed the basis of the discussion held at the International Centre for Arbitration & ADR in Lekki, Lagos.
The conference which had in attendance lawyers, learned arbitrators and users and stakeholders in the arbitral/ADR community was the 2nd annual conference of the International Law Association (ILA), organized under the auspices of its Arbitration Committee in collaboration with the Lagos Court of Arbitration (LCA).
Speaking on the need to achieve the quest for an International seat of arbitration, the representative of the Chief Justice of Nigeria, Justice Kekere-Ekun, pointed out that for the country to attract investment, it must embraced the system of arbitration.
Kekere-Ekun, also pointed out the importance of training in every area of the judiciary. To her, if you are not verse as a judicial officer, it contributes to the problem of congestion and if we are in support of the idea of arbitration, we as a people must learn to abide by its outcome.
Learned arbitrator, Dr. Fabian Ajogwu, said the country has the capacity to be favored as an International seat, based on the present infrastructures, best administrators and long standing experience in dealing with international disputes.
But Dr. Wale Olawoyin, raised fundamental questions, that has to do with the need to improve on our legal frame work and the issue of perception of our legal system in the international scene.