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Commercial Dispute Resolution Has Arbitration Transformed Nigeria s Legal Landscape

Author

Listed:
  • Olusola OLUJOBI

    (Legal Practitioner Business Management Department Covenant University Nigeria)

  • Adenike ADENIJI

    (Business Management Department Covenant University Nigeria)

  • Olabode OYEWUNMI

    (Business Management Department Covenant University Nigeria)

  • Adebukola OYEWUNMI

    (Business Management Department Covenant University Nigeria)

Abstract

The adoption of arbitration in the light of its well established attributes promotes confidence levels in the general businesses environment enhances institutional trust whilst also developing practical compromise resolution mechanisms However Nigeria a developing economy has not matched policy intent with commercial realities particularly in terms of broad based integration and utilization of arbitral tools This trend is not sustainable in the light of the renewed efforts to promote enhanced justice delivery lower administrative costs and the urgent need to optimize the capabilities of the judicial arm of government The paper assessed specific arbitral provisions of selected State High Court Civil Procedures Rules and on this basis critiqued the arbitral visibility and incorporation relative to established legal processes Amongst other salient issues a robust application of arbitration is recommended especially in view of the peculiarities of Nigeria s legal processes judicial institutions evolving political and social economic indicators

Suggested Citation

  • Olusola OLUJOBI & Adenike ADENIJI & Olabode OYEWUNMI & Adebukola OYEWUNMI, 2018. "Commercial Dispute Resolution Has Arbitration Transformed Nigeria s Legal Landscape," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 9(1), pages 204-209.
    • Handle: RePEc:srs:jarle0:v:9:y:2018:i:1:p:204-209
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    Cited by:

    1. Olujobi, Olusola Joshua & Oyewunmi, Olabode & Igbinoba Ebeguki & Olusola-Olujobi Temilola*, 2019. "Re-Appraising the Statutory and Ethical Roles of Lawyers Pursuant to Nigeria’s Administration of Criminal Justice Act, 2015," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 5(7), pages 1184-1192, 07-2019.
    2. Olusola Joshua Olujobi & Daniel E. Ufua & Uchechukwu Emena Okorie & Mercy E. Ogbari, 2022. "Carbon emission, solid waste management, and electricity generation: a legal and empirical perspective for renewable energy in Nigeria," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 22(3), pages 599-619, September.

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