Nigerian govt’s ‘hard-fought’ $6.2m arbitration success commendable – Group

A governmental and argumentation advocacy group, Progressives Think Tank, has applauded the Federal Government implicit what it described arsenic a “hard-fought” triumph successful the caller planetary arbitration quality involving a UK-based exertion contractor.

DAILY POST recalls that the Nigerian authorities again secured victory against an planetary exertion contractor, European Dynamics UK Ltd., successful a $6.2 cardinal arbitration.

The steadfast had entered into a quality with Nigeria’s Bureau of Public Procurement implicit a nationalist e-procurement project.

According to the ruling, which is last and not taxable to appeal, the tribunal dismissed the contractor’s claims successful their entirety, relieving Nigeria of imaginable fiscal vulnerability estimated astatine implicit $6.2 cardinal (approximately N9.3 billion) successful claimed payments and damages.

Reacting, the radical said the result of the arbitration, which reportedly saved Nigeria astir $6.2 cardinal (approximately ₦9.3 billion) successful imaginable liabilities, reflects the government’s resoluteness to support nationalist funds and uphold contractual standards.

In a connection signed by its National Coordinator, Ms. Christiana Titus, and made disposable to journalists successful Abuja connected Monday, the radical noted that ...