Nigeria floors UK tech firm in court, wins $6.2m arbitration

Nigerian government has again secured victory against an international technology contractor, European Dynamics UK Ltd., in a €6.2 million arbitration.

Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, disclosed this in a statement on Sunday by his media aide, Kamarudeen Ogundele.

The firm had entered into a dispute with Nigeria’s Bureau of Public Procurement over a national e-procurement project.

But, according to the statement, “In the ruling, which is final and not subject to appeal, the tribunal dismissed the contractor’s claims in their entirety, relieving Nigeria of potential financial exposure estimated at over $6.2 million (approximately N9.3 billion) in claimed payments and damages.”

Nigeria’s legal team was led by Johnson & Wilner LLP, a Nigerian business and technology law firm, with Basil Udotai, Esq., Founding Partner, leading the arbitration together with the firm’s strategic partners and associates.

Recall that in October last year, the UK Supreme Court ordered Process and Industrial Developments (P&ID), an offshore company, to pay £44 million in legal costs to Nigeria.

In 2023, Nigeria had won an $11 billion PID case in London, UK.