Nigeria’s Presidential Enabling Business Environment Council (PEBEC) and the Oyo and Rivers state judiciary today announced the establishment of small claims courts as part of an attempt to boost investor confidence and ease challenges for small and medium-sized businesses .
Bringing the number of states with such initiatives in Nigeria to nine, this move aims to address business-related challenges and make Nigeria an increasingly easier place to do business.
The states have already established Small Claims Judicial Committees to begin the process of establishing small claims courts in their respective states.
Special Advisor to the President, Ease of Doing Business and PEBEC Secretary Dr. Jumoke Oduwole said in one of Dr. Jumoke Oduwole signed a statement that the move would improve access to justice for micro, small and medium-sized enterprises (MSMEs) through the establishment of small claims courts.
Accordingly, the courts would improve the judicial process by facilitating the settlement of simple debt collection disputes involving small claims of FN 5 million and below.
Oduwole added that judgments for all claims filed in small claims court should be served within 60 days, with an additional 30 days for enforcement.
The court, she said, strongly encourages self-expression and adheres to strict time limits for important court events. To date, small claims courts have been established in Lagos, Kano, Edo, Ogun, Ekiti, Jigawa and…
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