An Examination on the Process of Arbitration and Conciliation in Nigeria

Abstract

Disputes are inevitable in the business world. No matter the dispute some business partners need to find a way of resolving it as well as preserving their long time business relationship. The best way to do that is to use any of the Alternative Dispute Resolution
(ADR) Processes. Conciliation and arbitration are two ADR processes that have been codified in Nigeria under the Arbitration and Conciliation Act Cap 19Laws of the Federation of Nigeria 1990. Most people resort to court litigation instead of using any of the ADR processes. This write up aimed at providing a guide to understanding and using arbitration and conciliation in resolving dispute and also make recommendations on making it accessible to majority of our businessmen and women. The paper applies the doctrinal method of legal research.