Alternative Dispute Resolution in Nigeria.

Top Alternative Dispute Resolution (ADR) in Nigeria.

Alternative Dispute Resolution in Nigeria is practiced within Nigeria at the institutional and individual level with and without the involvement of the court system

The list of institutions that practiced ADR in Nigeria, namely, The Chambers of Commerce, private enterprises, industry groups etc. In the case of individuals are judges, specially trained practitioners (i.e. arbitrators, mediators, accountants), elders, traditional rulers, chiefs, religious leaders. 

The practitioners involved in ADR is industry-specific that have technical expertise in specific areas like environmental disputes, labour disputes, family law, etc.

Furthermore, the current Nigerian laws have sufficient provisions that have addressed Alternative Dispute Resolution in Nigeria and the methods in resolving disputes.

These provisions of the laws are discussed below.

(1) The 1999 Constitution

The Constitution is the supreme law of the land that endorses arbitration. Section 19(d) of the Constitution states that part of Nigeria’s foreign policy objective is respect for international law and treaty obligations. Nigeria also seeks for settlement of international disputes by negotiation, mediation, conciliation, arbitration and adjudication.

(2) Arbitration Laws

Nigeria, like other progressive countries, has subscribed to many international ADR Laws and Rules. The United Nations Commission on International Trade Law (UNCTRAL Model Law of 1985) and UNCITRAL Arbitration Rules domesticated in Nigeria under the Arbitration and Conciliation Act (ACA).

(3) Other Federal Acts

Nigerian body of laws is replete with several statutes that provide for arbitration or other ADR mechanisms. However, a fewer list is mentioned below of the law and the applicable sections: 

  1. Sections 11 and 30 (4) of the Matrimonial Causes Act (Cap. M7 LFN 2004). This section talks about reconciliation between the husband and wife or parties. As they can get the Marriage conciliator to take an oath of secrecy to settle out of court.
  2. section 2, Consumer Protection Council Act, (Cap C25 LFN 2004), 
  3. sections 29 and 33, of the Environmental Impact Assessment (EIA) Act (Cap. E12 LFN 2004), 
  4. Sections 4, 8, 9, 20, 22 of the Trade Disputes Act (Cap. T8 LFN 2004), 
  5. section 11 of the Petroleum Act(Cap. PI0 LFN 2004), 
  6. section 26 of the Nigerian Investment Promotion Commission Act, (Cap. N17 LFN 2004); 
  7. section 27 of the Public Enterprises (Privatization and Commercialization) Act, (Cap. P38 LFN 2004), 
  8. section 22 of the Nigerian LNG (Fiscal Incentives, Guarantee and Assurance) Act (Cap. N87 LFN 2004), 
  9. Section 49 of the Nigerian Co-operative Societies Act (Cap. N98 LFN 2004); 
  10. section 5 of the National War College Act (Cap N82 LFN 2004); 
  11. sections 3 and 6 of the National Boundary Commission, Etc. Act; (Cap. N10 LFN 2004), 
  12. section 3 of the Advisory Council on Religious Affairs Act (Cap. A8 LFN 2004); 
  13. section 4 of the National Office for Technology Acquisition and Promotion Act( Cap. N62 LFN 2004), 
  14. section 4 of the Nigerian Communications Commission Act (Cap. N97 LFN 2004) etc.

(4) Court Laws and Rules

Lastly, Court laws and rules govern procedures and proceedings for the conduct of business in the court.

Top 55 Balance Sheet Keywords

Top 55 Balance Sheet Keywords

Top 55 balance sheet keywords relevant to business. It all started from account receivables to total non-current liabilities

Top 55 balance sheet keywords are available below.

1. Account Receivables

2. Account Payables

3. Accrual

4. Asset

5. Accumulated Depreciation

6. Bank Account

7. Bank Overdraft

8. Bill Payable

9. Cash and Cash Equivalents 

10. Computer Software

11. Copyrights 

12. Current Asset

13. Current Liabilities(within 1year) 

14. Current tax payable( Unpaid Tax)

15. Customer Lists.

16. Deferred tax 

17. Development Cost

18. Dividend payable(Unpaid Dividend)

19. Equity

20. Furniture and Fixtures

21. Goodwill 

22. Intangibles Noncurrent Asset 

23. Inventories 

24. Investments in Associates 

25. Investments in Equity Instruments 

26. Land and building

27. Liabilities 

28. Long-term Asset.

29. Long-term Borrowings 

30. Long-term Provisions 

31. Mortgage Payable 

32. Motion Picture Firm 

33. Net Assets 

34. Net Worth

35. Non-Controlling Interest 

36. Non-current Liabilities (over one year) 

37. Non-current Asset

38. Notes Payable 

39. Other Components Equity 

40. Other Current Assets 

41. Other Intangible Asset           

42. Patents

43. Prepaid

44. Property, Plant and Equipment

45. Retained Earnings 

46. Salary Payable

47. Share Capital 

48. Share part of Long Term Borrowings 

49. Short Term Borrowings (Short-term debt)

50. Short term provisions 

51. Tangible Non-current Asset 

52. Trade Mark

53. Total Assets 

54. Total current liabilities

55. Total Non-current liabilities    

Moreover, to get more Top 55 balance sheet keywords, get in touch with us

Books

Books

Books

BOOKSHELF

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Book Name: Marketable Resumes

Product Details

  • Author: Ojeaburu Friday
  • Publisher ‏ : ‎ Eliva Press (June 29, 2021)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 58 pages
  • ISBN-10 ‏ : ‎ 1636482589
  • ISBN-13 ‏ : ‎ 978-1636482583
  • Item Weight ‏ : ‎ 5 ounces
  • Dimensions ‏ : ‎ 6 x 0.14 x 9 inches
  • Category: New Release
Description
Creating a winning resume can be daunting, especially when competing against other qualified candidates. A marketable resume is a powerful tool presenting a job seeker’s unique skills and abilities. Ojeaburu Friday, an experienced career coach and author, has spent years researching and perfecting the art of crafting marketable resumes. His book, “Marketable Resumes,” is a comprehensive guide that provides invaluable advice on creating a standout resume that will capture the attention of potential employers. Thanks to his extensive experience, Ojeaburu has helped over 500 job seekers and consulted with over 100 organizations on job interviews. A copy of this resume can be purchased from the books in Ohimai Consulting

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Book Name: Ultimate Accountant Guide for Job Interview, Students and Beginners: Practical Questions and Answers in alphabetical order

Product Details

  • Author: Ojeaburu Friday
  • ASIN: B09H6CJD3Y
  • Publication Date: September 26. 2021
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 2482 KB
  • Simultaneous device usage ‏ : ‎ Unlimited
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 139 pages
  • Lending ‏ : ‎ Enabled

Description

This book Ultimate Accountant Guide for Job Interview, Students and Beginners: Practical Questions and Answers in alphabetical order will help your performance in the job interview, guide your teaching and keep you up to date with a practical approach to accounting issues.

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THE PILLARS THAT MAKE MEN GREAT

Product Details

  • Author: Friday Ojeaburu
  • ASIN ‏ : ‎ B0B2VH6CHM
  • Publication date ‏ : ‎ May31, 2022
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 2531 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 60 pages
  • Lending ‏ : ‎ Enabled
Description
Growth resulting from market share is one of the vital firm’s objectives that may lead to economies of scale and consequently bring about value creation in the long term. Growth showcases corporate power, and leading management teams may track growth to maximize their positions. The author has helped several companies grow, expand and take over new business opportunities. Based on industry and consulting experience by the author of this book, three pillars were suggested to ensure business development and growth. Combining these pillars is necessary for an entrepreneur to grow their business and applying the best growth strategy will trigger business and personal development. These pillars have been tested and trusted even by the billionaires the world has ever produced. These billionaires leverage these pillars to establish their business and have branches all across the globe and grow their net worth. The author believed these pillars would also work for everyone who has deliberately applied them in their chosen business careers and become one of the future billionaires. This book established a model to explain the business and personal growth, gave more understanding of the component of the model, highlighted the business growth and strategies required for an entrepreneur to be successful in business and discussed some theoretical frameworks to support this concept.

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Book Name: National Without A Nation

Product Details

  • Author: Victor Odiba
  • ASIN ‏ : ‎ B08F7TXYVS
  • Publication date ‏ : ‎ August 3, 2020
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 136 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 54 pages
Description
Nationals Without A Nation brings to the fore the realities of most governments of nations of the world; who for one reason or the other are unable to meet the expectations of the governed. The book makes attempt to explain why nationals exit their nations; the politics against round pegs in round holes; the case of fairness and equity in resource distribution; unmasking intentional agents of hardship behind the economy, amongst others.

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Book Name: Co-operative Society Management and Accounting System

Product Details

  • Author: Ojeaburu, Friday
  • ASIN ‏ : ‎ B09FJ5D4CC
  • Publication date ‏ : ‎ September 5, 2021
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 1459 KB
  • Simultaneous device usage ‏ : ‎ Unlimited
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 63 pages
  • Lending ‏ : ‎ Enabled
Description
This book covers the operations, formations, accounting system, annual reporting format and how to determine the dividend sharing formula for every cooperative society. It revealed the step-by-step accounting books that is necessary for society. This book answers the questions of many who want to run a cooperative society. This book will also improve teaching skills for lecturers in higher institutions of learning.

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Book Name: JOB INTERVIEW MADE EASY FOR PUBLIC SECTOR: Financial Regulations, Public Service Rules and General Paper

Product Details

  • Author: Ojeaburu, Friday
  • ASIN ‏ : ‎ B09FTKR82G
  • Publication date ‏ : ‎ September 8, 2021
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 3090 KB
  • Simultaneous device usage ‏ : ‎ Unlimited
  • Text-to-Speech ‏ : ‎ Enabled
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 352 pages
  • Lending ‏ : ‎ Enabled
Description
The book covers treasury-single account, Government Integrated Financial Management Information System, financial regulation or accounting manual or written rules, financial memorandum, financial warrant, self-accounting unit, sub accounting unit, whistle-blower policy, Integrated Personnel and Payroll Information System, all the allowances in public services, accounting officer and lot more.

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Book Name: MULTIPLE EARNINGS FROM EBOOK CREATION AND PUBLISHING

Product Details

  • Author: Ojeaburu, Friday
  • ASIN ‏ : ‎ B09FH7NVBT
  • Publication date ‏ : ‎ September 3, 2021
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 819 KB
  • Simultaneous device usage ‏ : ‎ Unlimited
  • Text-to-Speech ‏ : ‎ Enabled
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 23 pages
  • Lending ‏ : ‎ Enabled
Description
This book contains multiple ways one can earn from eBook creation and publishing. This book is a step-by-step guide on how to earn massively from creating and publishing ebooks. The information from this book is so rich that when added to the basic training you require will make you become a millionaire and change the status of life within a short possible time.

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