Friday, December 27, 2019

The Growth of Adr in Nigeria - 3736 Words

THE GROWTH OF ADR IN NIGERIA By Enenche Eleojo 1. INTRODUCTION As human beings, we are caught up daily in a complex web of social and commercial interactions. For as long as these interactions continue, interests are bound to clash. When interests clash or are in completion with the interest of others then we can say a dispute has arisen. For as long as humans exist there will be disputes. What makes the difference is how the disputes are resolved. Instinctively, once a dispute arises we access the justice system with the hope of getting some form of redress. Sometimes we get justice in record time but most times it comes long after the parties have not only become impoverished but also the cost of the litigation process may†¦show more content†¦This is where ADR comes in as a useful alternative to litigation or better still a supplement to it. ADR is useful in resolving virtually all genres of disputes by providing speedier, enforceable decisions through Arbitration, Mediation, Early Neutral Evaluation and other hybrid mechanisms. The presence of cost-effective and predictable ADR mechanisms capable of resolving complex disputes help to bolster the confidence of litigants within the country and therefore stimulates trade and investment both internationally and locally. 3. THE GROWTH OF ADR INSTITUTIONS IN NIGERIA AND WORKINGS OF A TYPICAL MULTI-DOOR COURTHOUSE Recent advances have to a large extent added impetus to the development of these forms of dispute resolution. The Abuja and Lagos Multi-Door Courthouses (AMDC amp; LMDC) for instance are breakthrough institutions in providing ADR services, and there is currently a bid to replicate the same system in all the states of the federation with Kano and Akwa- Ibom joining the elite league of judiciaries with court connected ADR centers. . The Multi – Door Courthouses maintain a panel of Neutrals made up of reputable professionals and retired judges trained for ADR proceedings. When a case comes to the center the parties are requested to submit their Statement of Issues – which is a summary of the main facts of their disputes. Upon receipt of their Statement of Issues the ADRShow MoreRelatedThe Nigerian Stock Market and Its Impact on the Economy9899 Words   |  40 PagesCHAPTER ONE OVERVIEW Nigeria, like many other African countries, was created from a multi-ethnic, socially and culturally diverse people, situated between the Equator and the tropic of cancer, its climate and vegetation can afford the growth of many tropical commodities such as cocoa, groundnuts, palm produce and rubber. 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