P&ID case award would have crippled Nigeria’s economy — Fagbemi

Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has called for reforms in international arbitration rules to protect the sovereignty of countries involved in investor-state disputes. Fagbemi made this call at the Heads of Delegations Roundtable of the Chief Legal Advisors Forum 2026 in Singapore, where he urged the United Nations to strengthen, rather than circumvent, domestic courts while ensuring fairness and predictability for both investors and states.

He highlighted Nigeria's experience in the P&ID case, where an award would have had a crippling effect on the country's economy if enforced, underscoring the need for clearer rules on the calculation of damages in international arbitration.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.