Tag: #arbitrationaward

Arbitral awards from domestic and international arbitration are binding and enforceable in Nigeria. It is important to note, however, that the right of enforcement of an arbitral award in Nigeria is not without limitation period. Generally, as provided in section 6 of the Limitation Laws …

Under Nigerian law, an arbitral award is recognised as binding on the parties to it, but it does not become enforceable automatically until it has been declared enforceable by the judgment of a court. Section 31 (1) of the Arbitration and Conciliation Act 1988 (“ACA”) …