OJLS Home

2023 - Volume 6 - Number 1

Exploring the Nexus between Corporate Governance and Alternative Dispute Resolution in Nigeria

Aderemi Oyebanji * ORCID: 0009-0003-5907-7803
Joseph Ayo Babalola University, College of Law, Ikeji Arakej, NIGERIA

Adeola Omotunde
Federal University, Faculty of Law, Oye Ekiti, NIGERIA

Olufemi Abifarin
Federal University, Faculty of Law, Oye Ekiti, NIGERIA

Open Journal for Legal Studies, 2023, 6(1), 17-38 * https://doi.org/10.32591/coas.ojls.0601.03017o
Received: 5 May 2023 ▪ Revised: 16 August 2023 ▪ Accepted: 22 August 2023

LICENCE: Creative Commons Attribution 4.0 International License.

ARTICLE (Full Text - PDF)

ABSTRACT:
Corporate governance has never been important in Nigeria’s history regarding the management of private and public corporations. Prior to the phased privatization of public enterprises both the public and private corporations were touted as engines of growth by the successive governments in Nigeria. This is reflected in the current move to harmonize various codes of corporate governance in Nigeria. This paper examines the role that Alternative Dispute Resolution (ADR) can play in enhancing good corporate governance in Nigeria. The paper concludes that if ADR is effectively utilized in resolving board room squabbles and investment disputes, time and money will be saved and such money saved can be reinvested to grow the economy and generate employment for teaming youths in Nigeria administration considers private sector as the foundation for accelerated growth and development of the economy and this has re-awaken a new interest in corporate governance that will engender sustainable.

KEY WORDS: Alternative Dispute Resolution, Nigeria, corporate governance, consumer protection.

CORRESPONDING AUTHOR:
Aderemi Oyebanji, Joseph Ayo Babalola University, College of Law, Ikeji Arakej, NIGERIA.

REFERENCES:

Abifarin, O. (2014). The role of registrar/director in settlement of cooperative disputes in Nigeria – Joseph Ayo Babalola University Law Journal, 1(1), 40.

Abifarin, O., & Chijioke, J. O. (2014). The multi-door court house: A viable option for dispute resolution in Nigeria. Abu Journal of Commercial Law, 7(1).

Abifarin, O. (2015). Negotiation as an effective ADR mechanism in Nigeria. Abuad Journal of Public And International Law, 1(1), 163.

Abifarin, O. (2013). A comparative analysis of Lagos and Kwara States citizens mediation centre laws. Journal of Public and Private Law, 5, 129.

Abifarin, O. (2015). Mediation as a virile alternative dispute resolution mechanism in Nigeria. Unizik Law Journal, 11, 95.

Abifarin, O. (2015). The process of dispute resolution in Nigeria. Junepa Publication Makurdi.

Abuza, A. E. (2015). Labour disputes litigation in Nigeria: High courts or national industrial court, Ekiti State University Law Journal, 6, 97.

Adebisi, A. L. (2013). An appraisal of the grounds for setting aside an arbitral award under the arbitration and conciliation act. Journal of Public and Private Law, 5, 222.

Ahiara Mmunah, P. A. N. (2015). Emerging trends in the enforcement of international arbitral award. Abuad Journal of Public and International Law, 1(1), 72.

Aina, K. (2012). The relevance of public complaints commission to Nigeria’s democracy. The Arbiter, 4(1), 1.

Ajogwu, F. (2007). Corporate governance in Nigeria: Law and practice. Lagos: Center for Commercial Law Development.

Akanle, B. K. (2015). A critical discuss of mediation as dispute resolution mechanism. Ekiti State University Law Journal, 6, 170.

Amupitan, J. O. (2008). Corporate governance: Models and principles. Abuja: Hilltop Publishers Abuja.

Cho, F. F. (2006). An appraisal of litigation as a mechanism for dispute resolution in Nigeria. In S. Kanam & A. M. Madaki (Eds.), Contemporary issues in Nigeria law.

Jemilohun, B. F. (2004). Emerging trends in settlement of commercial disputes by arbitration. In A. Ibidapo-Obe & T. F. Yerima (Eds.), International law, human rights and development. Ado Ekiti.

Kehinde, A. O. Iyaniwura, S. K., & Chikaodili, A. (2022). Examination of the right of a female child to inheritance: Eastern Nigeria context”: Praiwo i Wiez, 39(1).

Kehinde, A. O. (2022). Alternative Dispute Resolution: A panacea to the Nigerian Judicial System. Krytyka Prawa, 14(1). https://doi.org/10.7206/kp.2080-1084.508

Kehinde, A. O. (2019). Impact of Alternative Dispute Resolution (ADR) in resolving disputes over telecommunication mast installation in Nigeria. Joseph Ayo Babalola Law Journal, 7, 206-219.

Obayemi, O. K. (2015). An assessment of the Nigeria Tax Appeal Tribunal and the need for a speedier and more efficient system www. Jiste.Org, 6(6).

Odiase, V. (2016). Benefits of good corporate governance. The Guardian, 11 January 2016.

Ogundipe, S. (2011). A synoptic overview of the code of best practices for corporate governance in Nigeria. Commercial And Industrial Law Journal, 2, 9.

Onibu, A. (2015). The Lagos State Arbitration Law and the doctrine of covering the field: A review. The Gravitas Review of Business and Property Law, 6(1), 44.

Saraki V. (2016). Code of conduct tribunal. The Guardian, 6 February 2016, 2.