News
Nigeria Secures Major Victory in $6.2 Million Arbitration Against European Tech Firm
In a significant win for the administration of President Bola Ahmed Tinubu, Nigeria has prevailed in an international arbitration dispute with European Dynamics UK Ltd, a European technology contractor, saving the country from a potential liability of over $6.2 million (approximately ₦9.3 billion).
The Bureau of Public Procurement (BPP) successfully defended against claims related to a stalled national electronic Government Procurement (e-GP) system project, funded in part by the World Bank. The project involved the design, development, customization, supply, installation, and maintenance of the e-Procurement platform aimed at enhancing transparency, accountability, and efficiency in federal public procurement.
The Sole Arbitrator, Mrs. ‘Funmi Roberts, issued a final and non-appealable ruling dismissing all claims by European Dynamics UK Ltd in their entirety. The contractor had sought approximately $2.4 million for alleged milestone payments, $3 million in general damages, and an additional $800,000 in settlement claims.
The dispute centered on the User Acceptance Test (UAT), where BPP identified significant functional deficiencies, omissions, and errors in the system. Nigeria’s position—that delivery in software customization projects is only complete upon satisfactory UAT confirming compliance with technical, statutory, and operational requirements—was upheld.
The tribunal ruled that the vendor bore responsibility to remedy deficiencies at no extra cost and found no evidence supporting the contractor’s claims of approved mergers of project phases or contractual consent for such changes.Nigeria’s legal team, led by Johnson & Wilner LLP with Founding Partner Basil Udotai Esq. at the forefront, was praised for its expertise in technology contracting.
BPP Director-General Dr. Adebowale Adedokun, who inherited the stalled project and ongoing arbitration upon taking office, described the outcome as a landmark signal in public sector technology dealings.
“This vendor has taken various African countries to court and won every single case. Nigeria is the first to defeat them,” he said during a presentation of the award to Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN). He emphasized that Nigeria “can no longer be taken for granted” and thanked the AGF for supporting the decision to proceed with arbitration rather than settle.
AGF Fagbemi hailed the victory as evidence that “it is no longer business as usual.” He commended Dr. Adedokun’s courage, the legal team’s brilliance, and President Tinubu’s backing for institutional strengthening. “This win sends a clear message to the international community: Nigeria has resonated…
By standing up to European Dynamics, we have instilled courage in other African nations to protect their own resources,” he stated.
The ruling highlights the critical role of rigorous testing, clear milestones, and performance-based standards in government tech contracts, with lessons to be applied to ongoing e-procurement reforms to minimize future disputes.Kamarudeen Ogundele Special Assistant to the President (Communication and Publicity) Office of the Attorney General of the Federation and Minister of Justice
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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