Does nigeria use the new york convention

Nigeria is a signatory to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958. The Convention was ratified by Nigeria on November 26, 1961, and it has been in force in the country since then.

The New York Convention provides a framework for the recognition and enforcement of foreign arbitral awards in contracting states. The Convention sets out the conditions under which a foreign arbitral award can be recognized and enforced in a contracting state, including:

1. The award must be made in accordance with the law of the country where the arbitration took place.
2. The award must be final and binding.
3. The award must be in writing and signed by the arbitrators.
4. The award must be made in accordance with the rules of the arbitration agreement.

In Nigeria, the New York Convention is implemented through the Arbitration and Conciliation Act, 1990, which provides for the recognition and enforcement of foreign arbitral awards in the country. The Act sets out the procedures for the recognition and enforcement of foreign awards, including the requirement that the award be made in accordance with the law of the country where the arbitration took place.

Nigeria has also enacted the Arbitration and Conciliation Rules, 2015, which provide for the conduct of arbitration proceedings in the country. The Rules provide for the appointment of arbitrators, the conduct of hearings, and the making of awards.

In summary, Nigeria is a signatory to the New York Convention and has implemented the Convention through its domestic legislation. The Convention provides a framework for the recognition and enforcement of foreign arbitral awards in the country, and Nigerian courts have consistently recognized and enforced foreign awards that meet the requirements of the Convention.