A former judge of the International Court of Justice, Bola Ajibola has advocated the need for states and countries to embrace the option of arbitration in resolving all forms of disputes both local and international.
Mr Ajibola, who made this call in Abuja while delivering the 2012 fellows lecture of the Nigerian Institute of Advanced Legal Studies titled ‘World peace through arbitration’, said arbitration in resolving disputes is far cheaper than litigations and promotes peaceful settlement of disputes.
He said the establishment of the International Court of Justice and the Permanent Court of Arbitration has been largely responsible for global peace after two world wars.
“If we took notice of the fact that we have not had a third World War, I will say that arbitration has a place of pride to take in the whole exercise,” Mr Ajibola said.
The Chief Justice of Nigeria, Aloma Mariam Mukhtar used the occasion to stress the need for legal practitioners to update their knowledge of law while the Attorney General of the Federation and Minister of Justice, Mohammed Bello Adoke advised the fellows of the Institute to see their conferment as a call to service.
Director General of the Nigerian Institute of Advanced Legal Studies, Epiphany Azinge explained the essence of the annual lecture and conferment of the Institute’s honorary fellowship.
The event came to a climax with the conferment of the Institute’s fellowship on six eminent personalities among whom are retired Justice Muhammed Mahmud, the Deputy governor of Delta State, Amos Utuama and retired Justice Olufunke Adekeye.
Others include Justice Umaru Kalgo, Judge Abdul Koroma of the International Court of Justice and Solomon Awomolo, a Senior Advocate of Nigeria.