The Chief Justice of Nigeria (CJN), Justice Ibrahim Muhammad, has said the challenge of delayed dispensation of justice accounts for the inability of the Judiciary to effectively contribute to the development of the nation’s economy.
Justice Muhammad spoke in Abuja at “the national workshop for judges on recent reforms of the Banking and Financial Services Sector in Nigeria: Bank and Oother Financial Institutions Act (BOFIA) 2020 in focus” organised by the National Judicial Institute (NJI) in collaboration with Juris Law and the Central Bank of Nigeria (CBN).
He said, “Thus, the Judiciary is a critical stakeholder and a necessary partner in the enhancement of financial stability of any country.
“If the Judiciary must play its role in financial stability in Nigeria, cases of delay must be aggressively and frontally addressed so that parties will get justice at the end and the resultant effect of this will raise public confidence in the Judiciary.”
The CJN urged judges and judicial stakeholders to devise prompt dispute resolution, saying an effective judicial system is a catalyst for financial system stability, which often translates to economic growth.
“One of the key factors that will aid the Judiciary in carrying out its assigned responsibilities and essentially ensuring financial system stability is on the need for judicial officers to embrace case management in their courts and thereby aid speedy dispensation of cases in their dockets,” he said.
