File: The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi.
The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has urged the United Nations to reform international arbitration rules to protect the sovereignty of countries involved in investor-state disputes.
Fagbemi made the call on Thursday at the Heads of Delegations Roundtable of the Chief Legal Advisors Forum 2026 in Singapore, according to a statement by the Special Adviser to the President (Communication and Publicity) in the Office of the AGF and Minister of Justice, Kamarudeen Ajibade.
He said reforms to the Investor-State Dispute Settlement system should strengthen, rather than circumvent, domestic courts while ensuring fairness and predictability for both investors and states.
The AGF said Nigeria’s experience in the case involving Process and Industrial Developments Ltd. underscored the need for clearer rules on the calculation of damages in international arbitration.
