Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,197,504 members, 7,964,998 topics. Date: Thursday, 03 October 2024 at 06:26 AM

Nigeria Getting It Right With Alternative Business Dispute Resolution - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Getting It Right With Alternative Business Dispute Resolution (171 Views)

What Is Atiku’s Real Motive With Alternative Facts? / What Is Atiku Abubakar’s Real Motive With Alternative Facts? / Nigeria Getting Back On Track With Rail Revolution (2) (3) (4)

(1) (Reply) (Go Down)

Nigeria Getting It Right With Alternative Business Dispute Resolution by Joyce95: 2:29pm On Nov 13, 2020
Not many things excites me in Nigeria nowadays especially with the COVID-19 pandemic crumbling my business and that of many others with attendant restrictions and lockdown.

Before COVID, we had been calling for an alternative resolution court for business related disputes. It is simply unhealthy for businesses to be held up by lingering court cases.

I recall a friend once had a court battle with a commercial bank over repayment of loan, this case lasted like forever,
the goods he imported was stuck and depreciating at the port because of court order, biko, what sense does that make? At the end, both parties lost, this is one of many cases I am privy to and I can tell you that none of the cases ended well.

But when I saw that Prof. Osinbajo was setting up the Alternative Dispute Resolution for business, I was delighted ,because this is definitely the beginning of the end of long delayed court hearings,even though I don't know how it will be run, I'm just certain that this will be easier, faster and more like a mobile court, take for example, the case I sighted up there, the court will most likely tell my friend to clear his goods while a refinancing is worked out with the bank.In this case both parties win,as we say in business, it is a win-win situation.

We are truly blessed to have VP Osinbajo, like they it is the "smallest things that matters" and these small stuffs is what he takes note of and tries to fix it as well. When business environment was becoming unbearable he jumped in on it to make it better, now he is here again to give an alternative business dispute resolution all just to make the business environment hitch free.

Alternative dispute resolution is the way forward and we must promote it because it will be time friendly, pocket friendly and easier,i believe nobody has the energy to go through long court processes and again we don't want people who will be taking bribe to give judgement in favour of one person because this will kill this beautiful initiative.

We just need honest people with integrity to oversee these disputes.

Re: Nigeria Getting It Right With Alternative Business Dispute Resolution by TheRareGem1(f): 2:35pm On Nov 13, 2020
Smallest things that matters" and these small stuffs is what he takes note of and tries to fix it as well. When business environment was becoming unbearable he jumped in on it to make it better, now he is here again to give an alternative business dispute resolution all just to make the business environment hitch free.
Re: Nigeria Getting It Right With Alternative Business Dispute Resolution by Zeesugar(f): 3:08pm On Nov 13, 2020
Alternative dispute resolution is the way forward and we must promote it because it will be time friendly, pocket friendly and easier.
An average Nigerian avoid court case like plague
Re: Nigeria Getting It Right With Alternative Business Dispute Resolution by Shooyie: 3:19pm On Nov 13, 2020
This makes a lot of sense and as always the VP is at the centre of it all, how we don't see he means well for Nigerians still baffles me. It will save businesses.
Re: Nigeria Getting It Right With Alternative Business Dispute Resolution by SUFFERInSMILIIN(m): 3:26pm On Nov 13, 2020
Joyce95:

Not many things excites me in Nigeria nowadays especially with the COVID-19 pandemic crumbling my business and that of many others with attendant restrictions and lockdown.

Before COVID, we had been calling for an alternative resolution court for business related disputes. It is simply unhealthy for businesses to be held up by lingering court cases.

I recall a friend once had a court battle with a commercial bank over repayment of loan, this case lasted like forever,
the goods he imported was stuck and depreciating at the port because of court order, biko, what sense does that make? At the end, both parties lost, this is one of many cases I am privy to and I can tell you that none of the cases ended well.

But when I saw that Prof. Osinbajo was setting up the Alternative Dispute Resolution for business, I was delighted ,because this is definitely the beginning of the end of long delayed court hearings,even though I don't know how it will be run, I'm just certain that this will be easier, faster and more like a mobile court, take for example, the case I sighted up there, the court will most likely tell my friend to clear his goods while a refinancing is worked out with the bank.In this case both parties win,as we say in business, it is a win-win situation.

We are truly blessed to have VP Osinbajo, like they it is the "smallest things that matters" and these small stuffs is what he takes note of and tries to fix it as well. When business environment was becoming unbearable he jumped in on it to make it better, now he is here again to give an alternative business dispute resolution all just to make the business environment hitch free.

Alternative dispute resolution is the way forward and we must promote it because it will be time friendly, pocket friendly and easier,i believe nobody has the energy to go through long court processes and again we don't want people who will be taking bribe to give judgement in favour of one person because this will kill this beautiful initiative.

We just need honest people with integrity to oversee these disputes.

Let me inform you one thing or another Nigerians are all the same they will only bring out a law which will make the ordinary person suffered 10 times more wait and see. All of this rubbish they are doing is just to collect more money from people using different avenues. Once Nigerians come out praising themselves you know it is Disaster
Re: Nigeria Getting It Right With Alternative Business Dispute Resolution by SUFFERInSMILIIN(m): 3:34pm On Nov 13, 2020
For my visit all around the world Nigerians cannot developing country but foollly themselves suffering and smiling. Everything now Nigeria is last in the world and the people are so stupid they still want to vote for themselves. Nigerian people know what is right but they will not do it rather they will go and follow a idiot which can do nothing for. At this moment there is no Nigerian which can develop the country but the people do not mind suffering they will go and vote for themselves

(1) (Reply)

Nigeria, USA To Lead Global Coalition Against ISIS – ONSA / NT Business Made Announcement About The Frauds In The Election / Algon Not Averse To Payment Of Minimum Wage, Delay Caused By Dwindling Revenue.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.