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UNILAG, OAU, UNN emerge winners of maritime blueprint competition

The University of Lagos, Obafemi Awolowo University (OAU), Ile Ife, and the University of Nigeria, Nsukka (UNN), have emerged winners of the Maritime Blueprint Competition in which law students from eight universities participated.

The competition, sponsored by SIFAX Group, is one of the activities of the Taiwo Afolabi Annual Maritime Conference, which is in its second edition and held in partnership with the Maritime Forum of the Faculty of Law, University of Lagos.

At the end of the keenly-contested competition, which used a debate format, University of Lagos emerged the overall winner with 85 points while OAU and UNN came second and third respectively with 78 and 75 points. Other schools that participated include Bowen University, University of Benin, Babcock University, University of Ibadan and Lagos State University.

Various maritime topics were debated by the participants. Some of the topics were: “Is a reduction of port custom charges favourable to the Nigerian maritime sector”, “Carriage of goods by sea: Rotterdam rules or Hamburg rules, which is more suitable”, “Is arbitration the most effective means for settlement of maritime disputes” and “Is insurance pivotal to achieving prompt settlement of maritime claims. ”

Prizes including laptops, smart phones and cash were given to the winners.

Speaking on the competition, Dr. Taiwo Afolabi, Group Executive Vice Chairman, SIFAX Group, said the need to deepen the knowledge base of the law students and to stimulate their interest in the country’s maritime industry were responsible for the company’s sponsorship of the competition.

“We don’t have enough maritime legal experts in the industry as I speak to you. Very few students also show interests in the legal aspect of the sector. Having identified this, the company decided to take up the sponsorship of the competition.

“We believe that this gesture would go a long way in stimulating interest of students in maritime law. I am personally leading the mentorship charge because as a lawyer, I have experienced firsthand the many opportunities inherent in the application of law to the maritime sector.

“We are also doing this because at SIFAX Group, it’s part of our corporate philosophy to positively affect the society,” he said.

SIFAX Group is one of Africa’s fastest growing multinational corporations with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality.

PHOTO CAPTION:Dr. Taiwo Afolabi (MON), Group Executive Vice Chairman, SIFAX Group in the middle with winners from UNILAG, OAU and UNN at the 2017 Maritime Blueprint Competition award ceremony.

About Lanre Oyetade

A multiple award winner in Economics and business journalism, Lanre Oyetade has served close to two decades in the media industry, spanning different notable stables, where he is privileged to have risen to the position of a title editor. A masters degree holder in Economics from the University of Lagos and doctoral student at the Babcock University, he is a winner of the prestigious NMMA Capital Market Award for two consecutive years (2004 & 2005), and was also a nominee for the body’s banking and finance and money market awards for two years. In 2013, he also won the Most Outstanding Business-Reporting Title Editor award of the National Institute of Marketing of Nigeria (NIMN). A minister in the LORDS’s vineyard, he has been an inspirational speaker and resource person at many corporate and religious fora since early 2004, and has so far authored three books on the capital market; on personal effectiveness, and on personal finance, in 2008 and 2014, respectively.