By Soni DanielAbija: The Minister of the Federal Capital Territory, Nyesom Wike, has confirmed that the estate development dispute between the Federal Capital Development Authority (FCDA) and Ghanaian-owned real estate developer JonahCapital Nigeria Limited, over the development of River Park Estate, Lugbe, Abuja, is now before international arbitration.
JonahCapital Ltd activated the arbitration clause against the FCDA and the Federal Capital Territory Authority pending before the International Chamber of Commerce (ICC), Paris, France, challenging the legality of the purported termination of the Development Lease Agreement (DLA) and seeking appropriate reliefs.
Similarly, JonahCapital commenced the arbitration after several efforts through official and judicial fora to address the repeated breaches of the DLA for Plot 4, Cadastral Zone E30, Lugbe West, Abuja, including the FCDA’s termination of the pending lease on November 5, 2025, despite it being valid until June 2030.
Among the breaches includes FCDA’s alleged fencing of portions of the disputed property while the arbitral proceedings are ongoing, a development likely to heighten tensions surrounding one of Abuja’s major mass housing projects.
