HomeBusinessStakeholders back Nigeria’s bid to become global arbitration hub

Stakeholders back Nigeria’s bid to become global arbitration hub

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Stakeholders in Africa’s dispute resolution sector have called for a stronger African presence in the global arbitration landscape, while endorsing efforts to position Nigeria as a preferred destination for resolving international commercial disputes.

The call was made on Thursday at the 10th International Chamber of Commerce, Africa Conference on International Arbitration held in Lagos, where the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), reaffirmed the Federal Government’s commitment to transforming Nigeria into a leading arbitration hub.

Represented by former President of the Nigerian Bar Association, Mr Yakubu Maikyau (SAN), the AGF said the Federal Government was focused on creating the legal and institutional environment needed to attract international commercial disputes to Nigeria.

Fagbemi commended the organisers and extended his goodwill to the leadership of the International Chamber of Commerce, the ICC International Court of Arbitration, ICC Nigeria, and participants at the conference.

He assured delegates that

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