Chartered arbitrators seek Buhari’s assent to bill on alternative dispute resolution
THE Registrar and Chief Executive Officer ( CEO), Nigerian Institute of Chartered Arbitrators ( NICARB), Mrs. Shola OshodiJohn, has urged President Muhammadu Buhari to sign into law the Arbitration Act, which has already been passed by the Senate.
Oshodi- John said signing the Act would portray Nigeria positively on the global map as a dispute resolution- friendly country and attract investment into the country.
She disclosed this while addressing reporters in Lagos on the institute’s 2022 Conference, with the theme: ‘ The Future of Arbitration and Alternative Dispute Resolution ( ADR) in Africa: Developments and Sustainability’, scheduled to hold from November 24 to 25.
Oshodi- John said: “For Nigeria to be taken seriously, internationally, Mr. President needs to sign the bill into law before leaving office. Without the new Arbitration Act in place, all we do, in terms of trying to put Nigeria out there as a friendly dispute resolution country, would be more of rhetoric than reality.”