ENFORCEMENT OF ARBITRAL AWARD IN NIGERIA: A LEGAL ANALYSIS
Abstract
The enforcement of arbitral awards in Nigeria plays a pivotal role in fostering a robust alternative dispute resolution mechanism and enhancing the confidence of international investors. This project delves into the multifaceted landscape of enforcing arbitral awards within the Nigerian legal framework.
The study critically examines the legal provisions governing the recognition and enforcement of arbitral awards in Nigeria, emphasizing the country's adherence to international conventions and the principles of the New York Convention. By analyzing case law, legislative enactments, and procedural aspects, the research aims to elucidate the challenges and opportunities inherent in the enforcement process.
Furthermore, the project investigates the practical implications of enforcing arbitral awards in Nigeria, considering issues such as public policy, procedural fairness, and the role of the judiciary. The research explores recent developments in jurisprudence and legislative reforms aimed at streamlining and expediting the enforcement process.
The findings of this study are expected to contribute valuable insights to legal practitioners, policymakers, and academics, shedding light on the efficacy of the Nigerian legal framework in facilitating the enforcement of arbitral awards and positioning the country as an arbitration-friendly jurisdiction.
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