Institute Urges Effective ADR In Oil Industry

The Chartered Institute of Arbitrators  (CIArb),  has called for effective arbitration and alternative dispute resolution (ADR) as a means to  assuage the negative effect of disputes  that often characterise the operations of oil and gas industry, well as other  economic  sectors.

The chairman of the Nigerian branch of the  institute, Mrs. Adedoyin Rhodes-Vivor said this  during  the 2016 Annual Conference of CIArb, in Port Harcourt.

Rhodes-Vivor said that  arbitration remains the alternative means of  dispute resolution that will reduce the pressure on the court system in the country.

The chairman noted that the  2016 annual conference  with the theme: “Exploring New Frontiers in Arbitration  and ADR”, was timely as new frontiers are emerging in arbitration and alternative  dispute resolution (ADR) plane.

Earlier, the chairman of the conference planning committee, Oyinkansola  Badejo-Okusanya, said that the “continued entrenchment of Arbitration and Alternative Dispute Resolution (ADR) in Nigeria, particularly as a tool for  economic recovery and national development  was important to CIArb.

Also speaking, the former governor of Rivers State, Sir Celestine Omehia, said that arbitration remains the fastest, shortest and less expensive  way  of setling disputes.