River Park Estate: Dispute Now Before International Arbitration – Wike

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has confirmed that the estate development dispute between the Federal Capital Development Authority (FCDA) and Ghanaian-owned real estate developer JonahCapital Nigeria Limited, over the development of River Park Estate, Lugbe, Abuja, is now before international arbitration.
JonahCapital Ltd activated the arbitration clause against the FCDA and the Federal Capital Territory Authority (FCTA) pending before the International Chamber of Commerce (ICC), Paris, France, challenging the legality of the purported termination of the Development Lease Agreement (DLA) and seeking appropriate reliefs.
Similarly, JonahCapital commen...