Aderonke Alex-Adepide Speaks

Aderonke Alex-Adedipe Partner, StrachanPartners Speaks on Impact of inconsistent Forex Regulation In Nigeria.

Aderonke Alex-Adedipe was recently a participant at the Franco-Nigerian Chamber of Commerce and Industry, Nigeria on 28th February 2017.

Mrs Alex-Adedipe addressed the issues emanating from Nigeria’s incoherently regulated Foreign Exchange system and how this adversely impacts foreign investment in the Country adversely by encouraging investors to invest in neighbouring countries, decreasing foreign direct investment and decreasing foreign debt investment. On the whole, these occurrences weaken the strength of the Nigerian Economy.

In making recommendations, going forward, Mrs Alex-Adedipe discussed the positive financial benefit of hedging which is a means of limiting price risk in contracts and how derivatives such as futures and options can be used by businesses to lower the risk of an unstable exchange rate.

The Franco-Nigerian Chamber of Commerce and Industry is an organization established in 1985. It came into existence in response to the need to create a forum for the private sector of both Nigeria and France to exchange ideas and enhance their economic relations

‘Nothing Is More Dangerous Than a Corrupt Judge’

In this interview with Joseph Jibueze, Candide-Johnson speaks on corruption in the judiciary, resolving political disputes through ADR and how an effective arbitration system can transform the economy.


What is your appraisal of public/corporate response to ADR in Nigeria? 

That ought to be a strange question because alternative dispute resolution (ADR) is ideally the most natural action any African would consider in settling a dispute. The African continent is legendary for its long-standing traditional means of dispute resolution, which are emulated by modern ADR. However, it is true that awareness and understanding of ADR in a modern commercial context is recently being aroused by advocates like the Lagos Court of Arbitration (LCA) and the growing number of Nigerians who are exhausted and disappointed by the failure of the courts. These courts were established in Nigeria by the King of England to operate with efficiency and integrity to promote peace and prosperity in the country. In the light of this, the response has been slow but is gaining pace. Both the private and public sectors are in agreement that commerce requires a conducive operating environment to thrive, one that is not dictated by self-interest.  A key part of that environment is the prompt, efficient and effective resolution of inevitable business disputes.

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Arbitration in Africa: Prospects & Challenges

Arbitration in Africa is gaining traction in recent years, as the market is steadily changing with the rise of more arbitral centres across the continent. Governments are now recognising that having arbitral centres gives international investors more comfort on the political and legal stability for their investments. Joining CNBC Africa to discuss the state of arbitration in Africa are Olufunke Adekoya, Vice President, ICC Court of Arbitration, Yemi Candide-Johnson, President, Lagos Court of Arbitration and Wahida Parker, Independent Internationally Accredited Mediator.