- - An Arbitration Tribunal has ordered the federal government to pay Resort International Limited, a company owned by Dr. Wale Babalakin, a whopping N54 billion as damages.
- - The Tribunal says the federal government had failed in its obligations to Babalakin’s company under the Development Lease Agreement (DLA) entered into by both parties.
- - Resort International bought over the old secretariat complex in Ikoyi, Lagos during the sale of federal government’s assets in the state.
- - The tribunal is chaired by foremost Nigerian architect, Mr. Fred Adeniyi Coker, supported by a leading legal practitioner, Mr. Yusuf Alli (SAN), and a former Attorney General of the Federation, Alhaji Abdullahi Ibrahim (SAN).
CULLED FROM THISDAY
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