He is a seasoned arbitrator and the brain behind the first law firm annexed arbitration/mediation centre in Lagos (Nigeria), the Olisa Agbakoba Legal (OAL) Arbitration & Mediation Centre. He has showcased his brilliance as a counsel and an arbitrator in major national and cross-border disputes relating to aviation (airport terminal concessions) vessel charter, maritime collision, oil wells and rigs, telecommunications, housing development and construction. He sat as an arbitrator on the multimillion-dollar maritime arbitration tribunal in London involving a secured credit transaction with an FSPO.
Dr Agbakoba participated in the arbitration and mediation proceedings in a multimillion-dollar case involving a multinational oil company, and in the claim against a foreign-owned vessel, for the non-delivery of petroleum products financed by a major commercial bank in Nigeria. The claim was based on a bill of lading endorsed to the Nigerian bank.
He designed the ADR mechanism and rules for asset management and recovery for Asset Management Corporation of Nigeria (AMCON).
He is a fellow of the Chartered Institute of Arbitrators and the second vice president of the institute. He is also the legal adviser to the Institute of Chartered Mediators and Conciliators (ICMC) and a life member of the Body of Benchers.