The Nigerian Institute of Chartered Arbitrators has called for a federal law that would harmonise legislations by state governments on arbitration in order to grant such laws wider national application.
It said: “There is a need for statutory reform to the ACA with the specific aim of narrowing the scope of courts’ intervention in the arbitration process. It also called for, “compulsory training in arbitration for lawyers and judges starting from law school and making it compulsory continuing legal education for both lawyers and judges.”
“Unlike litigation, arbitration presents a new frontier in today’s evolving world and this represents the future which Lagos State has embraced and as theme of the conference shows, we are in the new normal which shows that potential technology is not destructive to the rule of law but an enabler to increase access to justice.”
“The future of arbitration and the future of the world are remote, decentralised and digital. This means there is a fusion for in person and virtual experience referred to as a hybrid and that is the future of arbitration proceedings.”
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