Equity, the Panacea of All Legal Wrongs:Achievements and Challenges of Equity in Recent Times in Nigeria and Other Jurisdictions

The viability of law to achieve its aim is due to the fact that every case presents different problems; and law being applicable to definite situations has no room for unforeseen situations, neither does it permit variations in peculiar circumstances.  This position subsists because the uniformity in the application of law does not admit of any exception.  The inability of the common law to carry along itself, human values, prompted the expansion of the chancery Division (Court of Equity) as it recognized the basic principles of social justice.  The practice of modern equity faces a lot of challenges due to the multifaceted nature of law itself in recent times and the emerging, divergent concepts due to globalization and the changing world, all which have to be controlled by law.  In some areas, equity has made impact, in others the challenges still subsist.  This paper will look at the development of equity, its impact, and challenges in the ever changing society.