Vol. 4, Issue 6 (2018)
Evaluating commercial arbitration in Nigeria
Author(s): Morning Glory N Nwafor
Abstract: Litigation is not the best grievance remedial mechanism in Nigeria. It has its own advantages, but in the modern world of advanced trade and commercialization, litigation has proven to be inadequate in providing acceptable solution to business dispute without hurting the commercial efficacy and goodwill between the parties. Arbitration on the other hand has gained widespread acceptance and usage. The strength of arbitration lies in taking away the hostility and win/lose attributes of litigation and instead using flexibility and other mild approaches in approaching business related disputes between parties.