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“Group Hails Nigerian Government’s Hard-Won $6.2M Arbitration Victory”.
The political and policy advocacy group, Progressives Think Tank, has commended the Federal Government for what it described as a “hard-fought” victory in a recent international arbitration involving a UK-based technology contractor.....KINDLY READ THE FULL STORY HERE▶
The Nigerian government secured another win against European Dynamics UK Ltd. in a $6.2 million arbitration case. The dispute arose from the company’s engagement with Nigeria’s Bureau of Public Procurement over a national e-procurement project.
The tribunal, in a final and non-appealable ruling, dismissed all claims by the contractor, shielding Nigeria from potential financial exposure of over $6.2 million (approximately ₦9.3 billion) in claimed payments and damages.
Reacting to the outcome, Progressives Think Tank stated that the victory underscores the government’s determination to protect public funds and uphold contractual standards.
In a statement issued on Monday in Abuja and signed by its National Coordinator, Ms. Christiana Titus, the group highlighted that the arbitration tribunal’s dismissal of all claims against Nigeria demonstrates effective leadership, legal expertise, and a patriotic commitment to safeguarding national resources.
The Think Tank also praised the roles of the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), and the Director-General of the Bureau of Public Procurement, Dr. Adebowale Adedokun, for their efforts in defending the country’s legal and procurement processes.
“This success, which saved Nigeria over $6.2 million (approximately ₦9.3 billion) in potential liabilities, reflects a robust justice system capable of navigating complex international disputes,” the statement read. “We commend Attorney-General Prince Fagbemi (SAN) for his assertive defence of Nigeria’s legal position, reinforcing the principle that contractual obligations should only be honoured when value is demonstrably delivered.”
The statement further noted that the Federal Government’s handling of the matter demonstrates its commitment to ensuring public resources are spent only on services that meet agreed contractual and technical standards.
The group added that the outcome reinforces the importance of institutional coordination and adherence to due process in resolving complex international disputes. It also sends a clear signal that Nigeria is prepared to assert its position in contractual matters while prioritising transparency, accountability, and value for money in public procurement.
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Don’t Burn Tyres On New Roads — FERMA Begs Abia Residents.
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Correctional Service Declares Escaped Yobe Inmate Wanted Nationwide.
The Nigerian Correctional Service (NCS), Yobe State Command, has declared a 30-year-old inmate wanted after he escaped following a road accident involving a prison transport vehicle.....KINDLY READ THE FULL STORY HERE▶
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Court Orders UI To Reinstate Students Suspended Over Fee Hike Protest.
The Federal High Court sitting in Ibadan, Oyo State, has ordered the University of Ibadan (UI) to reinstate three students suspended over their participation in a protest against tuition fee hikes.....KINDLY READ THE FULL STORY HERE▶
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