JonahCapital Nigeria Limited has disowned an arbitration proceeding reportedly instituted against the Federal Government of Nigeria at the International Chamber of Commerce (ICC) in France by Sam Jonah, Ghanaian businessman, over the River Park Estate project in Abuja.
The company, in separate petitions to Nyesom Wike, Minister of the Federal Capital Territory (FCT), and the Economic and Financial Crimes Commission (EFCC), alleged that the arbitration amounted to an attempt by individuals it described as foreign actors to fraudulently obtain more than $300 million from the Nigerian government.
JonahCapital Nigeria Limited, through Adeniran Ogunmuyiwa, its founder and Director, said it had no connection with the claims being advanced before the ICC and insisted that neither Sam Jonah nor the Ghanaian individuals allegedly acting with him had the authority to institute proceedings in the name of the Nigerian company.
In the petition to Wike, which was acknowledged by the office of the FCT Minister, Ogunmuyiwa said there was an ongoing ownership dispute within JonahCapital Nigeria Limited, which, according to him, had resulted in several alterations to the company’s corporate records between 2024 and 2026.
