Nigeria ARBITRATION

 Nigeria Arbitration

Nigeria is a Contracting State to the ICSID Convention:

  • Signature: 13 July 1965
  • Deposit of Ratification: 23 August 1965
  • Entry into Force: 14 October 1966
  • On 11 May 1978, pursuant to Article 25(3) of the ICSID Convention, Nigeria designated 1 consituent subdivision/agency as compentant to be a party to an ICSID arbitration: 1) Nigerian National Petroleum Corporation
  • Pursuant to Article 54(2) of the ICSID Convention, Nigeria has designated “Supreme Court” as competent for the recognition and enforcement of ICSID awards]
  • Pursuant to Article 69 of the ICSID Convention, Nigeria enacted the Decree No. 49 of 1967, International Centre for Settlement of Investment Disputes (Enforcement of Awards) (Off. Gaz. Extr. 105, Vol. 54, No. 30, 1967, p. A255) to make the Convention effective in their jurisdiction.
  • Pursuant to Article 13(1) of the ICSID Convention Nigeria has made the following panel designations effective until 3 August 2015:
    - Mrs. Folasade O. ADETIBA: Deputy Managing Director, Industrial and General Insurance Company Limited
    - Mrs. Mercy Uzoamaka AGBAMUCHE: Director, International and Comparative Law Department, Federal Ministry of Justice
    - Mrs. Fatima KWAKU: Attorney-at-Law
    - Mr. Abdullahi Ahmed YOLA: Solicitor General of the Federation
    - Judge Bola A. AJIBOLA: Former Member, International Court of Justice, Former President, World Bank Administrative Tribunal
    - Mr. Abubakar Balarabe MAHMOUD: Attorney-at-Law
    - Mr. Onyeabo C. OBI: Attorney-at-Law
    - Chief Christopher Bayo OJO: Member, U.N. International Law Commission, Former Attorney General and Minister of Justice

Nigeria is a Contracting State to the New York Convention:

  • Date of Accession: 17 March 1970
  • Entry into Force: 15 June 1970
  • Nigeria will only apply the New York Convention to the recognition and enforcement of awards made in the territory of another contracting state & only to differences arising out of legal relationships, whether contractual or not, that are considered commercial under their national law

In 1990, Nigeria enacted legislation based on the UNCITRAL Model Law on International Commercial Arbitration as adopted in 1985 and is therefore now popularly considered to be an UNCITRAL Model Law State

Nigeria is a not Contracting State to the 1899 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: N/A

Nigeria is a Contracting State to the 1907 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: 16 February 1987

Nigeria is a United Nations Member State:

  • Date of Admission: 7 October 1960

Official State Name: Federal Republic of Nigeria - Jamhuriyar Taraiyar Nijeriya - Ȯha nke Ohaneze Naíjíríà - Àpapọ̀ Olómìnira ilẹ̀ Nàìjíríà

Official Language: English

Recognised Regional Languages: Hausa, Igbo, Yoruba, Edo, Efik, Fulani, Idoma, Ijaw Kanuri

Capital: Abuja

Largest City: Lagos

Currency: Naira (₦) (NGN)

Time Zone: WAT (UTC+1)

International Calling Code: +234

Internet TLD: .ng

Coming soon.

For more details please check this URL : http://www.nigeriaarbitration.com