Ghanaian businessman Sam Jonah takes Nigeria to international arbitration over Abuja's River Park Estate dispute

A major dispute over one of Nigeria's biggest private housing projects has moved to international arbitration, with a company linked to Ghanaian businessman Sir Sam Jonah challenging the Nigerian government's decision to terminate its development agreement for the River Park Estate in Abuja according to reports from Business Insider Ghanaian businessman Sir Sam Jonah The case, now before the International Chamber of Commerce (ICC) in Paris, stems from a disagreement between JonahCapital Nigeria Limited and Nigeria's Federal Capital Development Authority (FCDA) over who has the legal right to develop the 501-hectare River Park Estate in Lugbe, Abuja.

River Park Estate According to BI, the Minister of the Federal Capital Territory (FCT), Nyesom Wike noted that the lease agreement expired, prompting the FCDA to repossess the land.

JonahCapital has taken Nigeria's FCDA to international arbitration in Paris, arguing that its lease over the River Park Estate project remains valid until 2030.