The Enforcement and Challenge of International Arbitration Awards in Nigeria

Abstract

There is no doubt that there is an increasing transborder trade among citizens of various nations of the world. Such as any activity that man interrelate in, disputes are bound to arise and for the continued interaction with one another such disputes must be resolved effectively. Disputes arising from international commercial trade can be resolved in various ways but the most effect is through Arbitration. Unless parties can be sure that at the end of arbitration proceedings they will be able to enforce the award, if not complied with voluntarily, an award in their favour will be only a pyrrhic victory. This article analyses the legal framework for the enforcement of international arbitration awards in Nigeria to determine how effective they have being in enhancing international commercial arbitration, It also examines the Limitation period for the enforcement of international Arbitration award and the methods available for setting aside/Challenging an International Arbitration Award in Nigeria.