$300m Arbitration against Nigeria: Firm Tells FG Ghanaian Never Invested in Disputed Estate
• Warns legal action scheme to defraud Nigeria •Asks EFCC to investigate, arrest, prosecute alleged fraudsters Alex Enumah in Abuja The federal government has been warned to be wary of
The federal government has been alerted to the ongoing arbitration against Nigeria at the International Chamber of Commerce (ICC) in Paris, France, regarding a $300 million dispute over investments in a disputed estate. JonahCapital Nigeria Limited, the company at the center of the controversy, claims that no infrastructure or funding was provided for the River Park Estate project.
The company's director and founder, Dr. Adeniran Olatokunbo Ogunmuyiwa, has warned that the arbitration is a scheme to defraud the country. He has called for an investigation by the Economic and Financial Crimes Commission (EFCC) to gather evidence, including Certificates of Capital Importation (CCI), bank statements, and other documents to prove the claimed investments.
The Ghanaian faction of JonahCapital claims to have invested over $300 million in the project, but the Nigerian faction disputes these claims and urges the EFCC to take action against the alleged fraudsters.
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