JonahCapital invokes Paris ICC over River Park Estate dispute

The Development Lease Agreement is said to have been executed on May 28, 2007, between the Federal Capital Territory authorities and JonahCapital Nigeria Limited, and registered on June 5, 2007.

JonahCapital Nigeria Limited, Mr Jonah’s business interest in Africa’s biggest economy, is said to be a victim of forced contractual termination by the Federal Capital Development Authority, four years before the supposed contract is scheduled to expire.

Claims, counter-claims While the news portal states that Mr Wike had himself publicly acknowledged an agreement between the Federal Capital Territory (FCT) authorities and JonahCapital, former Nigeria President, Olusegun Obasanjo, now disputes claims that the allocation of land was done under his watch.