FG asks UN to protect national sovereignty in arbitration dispute

The Federal Government has urged the United Nations to implement reforms that protect national sovereignty in arbitration disputes between investors and member-states. The Attorney General of the Federation, Lateef Fagbemi, argued that the P&ID case would have crippled Nigeria's economy if it had succeeded. He advocated for reforms that would reinforce domestic courts in investor-state dispute settlements, rather than bypassing them. The government's call aims to prevent future arbitration rulings that could undermine national interests.

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