Library / B 117 Federal Republic of Nigeria Official Gazette No. 50
B 117 Federal Republic of Nigeria Official Gazette No. 50

Page 7 of 18
B 123
(2)  Where it is a condition of its licence or permit, a licensee or permit
holder involved in a dispute in respect of midstream and downstream petroleum
operations shall submit the dispute to the jurisdiction of the Centre, prior to
proceeding with litigation.
6.—(1) The Centre shall utilise the following dispute resolution
mechanisms —
(a)  expert determination ;
(b)  conciliation ;
(c)  mediation ;
(d)  arbitration ; and
(e)  any other dispute mechanism the Centre may approve.
(2)  The procedures for the use of dispute resolution mechanisms of the
Centre shall be as stipulated in the rules or guidelines made in these Regulations.
7.  The organisational structure and organs of the Centre shall be as set
out in the Schedule to these Regulations.
8.—(1) The Centre shall fully disclose and explain the basis of
compensation, fees, and charges payable by parties submitting disputes to the
Centre.
(2)  The parties will be provided sufficient information about fees to
determine if they wish to retain the services of the Centre.
(3)  The fees of the Centre shall be reasonable, considering, among
other things, the type and complexity of the matter, the expertise of the
arbitrator, mediator, conciliator or expert and the time required.
(4)  Costs and expenses associated with the expert, conciliator, mediator
or arbitral panel shall, subject to parties’ agreement as contained in their
contract or as agreed with the Centre, be apportioned equally between the
parties.
(5)  The Centre may prescribe the fees payable by the parties in a
written agreement.
(6)  Each party shall bear the cost and expenses of all professional
advisers, witnesses and employees retained by it.
9.  The Authority may issue guidelines, rules or directives for the effective
implementation of these Regulations.
Dispute
resolution
mechanisms
Organisational
structure of
the Centre
Sechedule
Fees
Authority to
issue rules,
guidelines or
directives