As part of the efforts to reduce disputes and create an environment for free transactions of business activities, Lagos State Governor, Mr Akinwunmi Ambode has made his plans known to establish a particular court that will be strictly for settling business disputes in the state.
The Governor added that his intention is that this particular court will hasten all business dispute cases so as to ensure that the economic activities of the State are not put on hold.
He said this at the State Chambers in Alausa where he swore in Justice Opeyemi Oke as the 16th substantive Chief Judge of the State.
He used the opportunity to call for a fast track on all court cases without necessarily compromising the fundamental principle of fair hearing and the rule of law.
He said: “There is no gainsaying that Lagos is the commercial nerve centre of the country and it deserves a modern state-of-the-art first class Commercial Courthouse to speedily address commercial disputes in the State.
“We plan to establish a designated Commercial Courthouse with the objective of ensuring speedy consideration of commercial matters. It is hoped that this courthouse will accommodate all commercial related organs of the judiciary in order to drive commerce and improve the ease of doing business,” He concluded.