The Acting President, Yemi
Osinbajo (SAN) has publicly denounced what he termed “crawling” judicial
process in Nigeria.
According to him, there was need
for the judiciary to implement measures that would speed up justice delivery in
Nigeria.
Osibanjo stated this at the
opening ceremony of 3rd Annual Judges Workshop on Petroleum, Gas and Power
Sectors, taking place at the National Judicial Institute, NJI, in Abuja.
The Acting President, who was
represented at the event by the Minister of State, Petroleum Resources, Ibe
Kachikwu, described the present slow judicial process in the country as a
nightmare for investors.
He said there was need for
clarity in decisions of different courts, especially on commercial disputes, a
system he said would engender credibility and reduce forum shopping by
litigants.
He said: “We need to evolve measures that will speed up the judicial decisions. We also need these decisions not to be too complicated for investors to easily understand.
“We need to ensure sanctity of international arbitration. Also, judges should be trained in petroleum and energy sector so that they would to be fully equipped to handle the emerging trends in the sector.”
While emphasising that petroleum and the power sectors provide 80 per cent of Nigeria’s revenue and over 80 percent of foreign direct investment, Osinbajo, expressed worries that as critical as the sectors are, “if the country is not positioned to supply the necessary power supply essential for driving the economy, the country will not make much progress”.
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