Nigeria to Pay $496 Million to Settle Indian Firm's Claim Over Ajaokuta Steel
![Nigeria to Pay $496 Million to Settle Indian Firm's Claim Over Ajaokuta Steel](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/b527cdd734842c803867d8287dd2c82c.jpg)
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Descripción
The government says the deal achieved through the alternative dispute resolution framework saves the country money as the company demanded $5.258 billion. The Nigerian government says it has agreed to...
mostra másThe Nigerian government says it has agreed to pay $496 million to settle a multibillion-dollar claim by Global Steel Holdings Limited over the control of Ajaokuta Steel Company.
Attorney-General Abubakar Malami says the federal government will pay the company $496 million instead of $5.258 billion demanded by the firm, to settle the dispute.
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Autor | Africa Business Radio |
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