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Olisa Agbakoba SAN

Olisa Agbakoba SAN

Olisa Agbakoba LegalMaritime Complex34 Creek Road, ApapaLagosNigeria

National Leader

Nigeria - Arbitration 2020

Professional Biography

WWL Ranking: Recommended

WWL says

Olisa Agbakoba SAN performs well in international arbitration proceedings, remark impressed sources who laud him as “a strong orator who commands the audience well”.

Biography

Dr Agbakoba is the senior partner and head of the arbitration and ADR practice group in Olisa Agbakoba Legal (OAL). He is an alumnus of the University of Nigeria Nsukka and the London School of Economics and Political Science. He is a Senior Advocate of Nigeria (the equivalent of Queen's Counsel).

Dr Agbakoba is one of Nigeria’s leading experts in arbitration and has presided over several complex cases. He is the brain behind the first law firm-annexed arbitration/mediation centre in Lagos (Nigeria), the OAL Arbitration and Mediation Centre. He has showcased his brilliance as counsel and as arbitrator in major national and cross-border disputes relating to aviation (airport terminal concessions); vessel charters; maritime collisions; oil wells and rigs; telecoms; and housing development and construction.

He has championed many legal reforms in arbitration in Nigeria, including a national policy on arbitration and other strategic legislations. In furtherance to the national policy on arbitration and the promotion of arbitration in Nigeria, Dr Agbakoba introduced a Nigerian covenant on arbitration similar to the African pledge on arbitration. He also played a major role in the establishment of the Lagos Court of Arbitration and reforms of the Lagos State Arbitration Rules. He designed the ADR mechanism and rules for asset management and recovery of the Asset Management Corporation of Nigeria.

Dr Agbakoba is a former president of the Nigerian Bar Association (2006-2008). In 1987 he founded the Civil Liberties Organization, and served as president until 1995. He is a fellow and vice president of the Nigeria Institute of Chartered Arbitrators; legal adviser to the Institute of Chartered Mediators; Conciliators; life member of the Body of Benchers; and member of the African Arbitration Association and of its advocacy committee, which works to increase the visibility of African arbitrators. He is also a member of the London Maritime Arbitrators Association and the London Court of International Arbitration, and is listed as an arbitrator at the Lagos Court of Arbitration. He is currently working with the Nigerian Economic Summit group for the creation of a centre for sport arbitration in Nigeria.

Nigeria - Litigation 2020

Professional Biography

WWL Ranking: Recommended

WWL says

Olisa Agbakoba SAN is a key name in the litigation market. Clients are "impressed by his ingenuity in case strategy, efficient execution, as well as his creative and swift resolution of legal issues".

Biography

Dr Olisa Agbakoba, SAN, is a very experienced litigation attorney, and a Senior Advocate of Nigeria (the equivalent of Queen’s Counsel), with 43 years’ post-call experience. He has litigated a wide range of commercial disputes. He is an alumnus of the University of Nigeria Nsukka (1973-1977) and the London School of Economics and Political Science (1979-1980). He is a former President of the Nigerian Bar Association.

Dr Olisa Agbakoba, SAN is widely regarded as a master of complex litigation, and his watchword is to resolve disputes quickly and effectively with as little disruption to business as possible. He advises clients in diverse sectors of the economy such as banking and finance; shipping and maritime; telecoms; capital markets; oil and gas; insurance; retail and trade; property and construction; probate; and labour and employment.

Backed by a formidable team of experienced counsel, he handles the most intricate commercial cases, and he is well known for his creative analytical thinking, hard work and tenacity to get the job done, irrespective of obstacles. The firm has been described as the “go-to” law firm for dispute resolution.

Recently, Dr Olisa Agbakoba, SAN obtained a US$8.7 million settlement judgment in favour of one of the world’s largest telecoms manufacturing companies, in a multimillion-dollar dispute over a bank guarantee with one of the top banks in Nigeria. He also successfully defended a statutory body in an adverse claim for 300 billion naira in damages.

In a debt recovery action on behalf of the Asset Management Corporation of Nigeria, Olisa Agbakoba Legal secured a judgment worth 2.8 billion naira, and an order of possession over the debtor’s properties. He represented a top-tier Nigerian bank in a debt recovery action against an asset management company in a debt recovery action, and obtained a US$3.5 million judgment. He also successfully defended the Nigerian Shippers’ Council (NSC) in two cases filed by shipping companies and terminal operators, challenging the NSC’s powers to regulate pricing at ports; these cases were brought before the Federal High Court in Lagos and the Court of Appeal. Dr Olisa Agbakoba, SAN secured an award of 2 trillion naira in favour of the NSC.

Generally, Dr Olisa Agbakoba, SAN has been involved in very complex litigation and is well known as a pioneer in the reform of Rules of Procedure relating to litigation. He is one of the leading attorneys in the field of maritime litigation, having participated in most major issues in this specialised field of law.

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