Bello-Koko has stated this when he received the newly elected executives of the Maritime Arbitrators of Nigeria who visited him in his office.
The acting managing director who acknowledged that disagreements are bound to happen amongst players in the Industry said litigations are oftentime not necessary but time consuming and costly. He, however, urged arbitrators to ensure quick and speedy resolution of disputes in the maritime industry saying failure to promptly address perceived grievances will be inimical to the growth and development of the sector.He said to forestall situations that result in prolonged litigations among players in the Industry, the NPA will support the Maritime Arbitrators of Nigeria in its efforts to establish an Arbitration Centre in Lagos.
The centre, he assured, will help to fast track conflict resolution within Sub Saharan Africa as he expressed delight over the decades-long synergy between both agencies in the area of support, consultancy and exchange of ideas that has been beneficial to them and the industry at large. The NPA boss lauded the impacts of maritime arbitrators in solving legal issues in the past saying the NPA is poised to give all the necessary support to the body to achieve a conducive business environment.
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