Diaspora
US Court Rejects Nigeria’s Sovereign Immunity Claim In $70 Million Arbitration Dispute With Chinese Firm
The US Court of Appeals in Washington, DC, has dealt a significant blow to Nigeria’s efforts to avoid paying a $70 million arbitration award to a Chinese firm, Zhongshan Fucheng Industrial Investment Co. Ltd. On August 9, 2024, the court upheld a lower court ruling that the arbitration award is enforceable under the New York Convention, stripping Nigeria of its sovereign immunity in this case.
The dispute began with a 2010 agreement where Zhongshan acquired rights to develop the Ogun Free Trade Zone in Nigeria. However, the relationship between Zhongshan and the Ogun State government deteriorated in 2016, leading to an arbitration case. The arbitrators found that Nigeria breached its obligations under the bilateral investment treaty with China, awarding Zhongshan $70 million in compensation.
Nigeria’s efforts to contest the ruling have been met with a series of legal setbacks, including similar rulings in the UK and France. The situation escalated further when, in March and August 2024, the Judicial Court of Paris issued ex parte orders for the seizure of three Nigerian presidential aircraft undergoing routine maintenance in France and Switzerland.
Nigeria has initiated both legal and diplomatic measures to secure the release of the seized aircraft, arguing that the dispute involved only the Ogun State government and should not affect federal assets. However, Zhongshan remains confident in the arbitral panel’s decision, which has been upheld by courts in multiple countries.
The Nigerian government continues to resist the enforcement of the arbitration award, maintaining that the seizure of its assets is inappropriate and unlawful. Despite this, Zhongshan has expressed a willingness to engage in negotiations with the Nigerian government to resolve the matter amicably, while also standing firm in its right to enforce the arbitral award under international la
Diaspora Watch Unveils 63rd Edition: A Global Mirror of Power, Politics and People
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The 63rd edition of Diaspora Watch Newspapers has hit the stands this week, bringing readers a compelling mix of global power plays, continental shifts, economic pursuits and cultural flashpoints.
From New York to Niamey, London to Lagos, the edition offers a panoramic view of unfolding events shaping the world and Africa’s place within it.
On the cover, U.S. politics takes centre stage as President Donald Trump, addressing the United Nations, boldly declares: “No President Has Done What I’ve Done.” In a dramatic twist on African geopolitics, Burkina Faso, Mali and Niger jointly announce their withdrawal from the International Criminal Court, condemning it as a “neo-colonial tool.”
Kenya’s President turns to America’s corporate giants, assuring investors of stability in a pitch to attract capital inflows. Nigeria equally seizes the moment, with the NNPC outlining ambitious upstream oil and gas expansion plans targeting $60 billion in investment. Across the Caribbean, CARICOM leaders rally at the UNGA 80, pressing hard for climate justice and a development agenda that cannot be ignored.
Europe is not left out of the storm: the Welsh First Minister pointedly shuns Trump’s banquet, fueling political ripples back home, while in Africa, Cameroon’s political dynasty faces unusual pressure as President Biya’s daughter openly calls on citizens to reject her father’s re-election bid. Elsewhere, Albania breaks new ground with the appointment of an AI “Minister” to combat corruption in public procurement — a move being hailed as futuristic governance.
On the health front, the World Health Organization issues a sobering warning, noting that slowing progress on non-communicable diseases and mental health is putting millions at risk globally.
Sports enthusiasts will find gripping drama on the back page, where Manchester United’s crisis-hit boss lays down the gauntlet with a blunt declaration: “My way or no way.”
Diaspora Watch 62nd Edition Is Here!
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The 62nd edition of Diaspora Watch Newspapers is out, delivering a hard-hitting blend of global politics, African affairs, diplomacy, business, health, and culture, with stories that cut across continents and shape conversations.
Leading the cover is a riveting headline from London, where Donald Trump’s UK visit takes a dramatic turn as he sidesteps the brewing Mandelson–Epstein controversy, raising eyebrows in diplomatic and media circles alike.
In the Middle East, Saudi authorities have freed three Nigerian pilgrims detained over alleged drug trafficking, bringing relief to families back home. On the domestic front, Labour Party’s Peter Obi lambasts President Tinubu over plans for emergency rule in Rivers State, stoking fresh political debates.
The global economy also takes centre stage: the United Kingdom secures a massive £150 billion U.S. investment as Prime Minister Keir Starmer and Donald Trump strike a landmark tech deal. Meanwhile, South Sudan is plunged deeper into crisis as President Salva Kiir suspends his deputy, Riek Machar, and accuses him of treason.
In Asia, U.S.-China tensions flare once again as Beijing slams Nvidia with monopoly breach accusations, just as both nations resume sensitive trade talks. Public health makes headlines with the World Health Organization’s grim report of a 50% surge in global cholera deaths. From Europe, Spain introduces disaster preparedness lessons for children, a move hailed as a pioneering approach to climate resilience.
The Caribbean bloc, CARICOM, issues a firm condemnation of Israel’s strike on Qatar, insisting on respect for international law. In the energy sector, the United States oil industry struggles as job losses mount and companies slash spending amid sliding prices.
On the cultural front, Hollywood dazzles as Brad Pitt and The Studio emerge dominant at the 2025 Emmy Awards, sealing their place in entertainment history.
With fearless reportage and bold editorial framing, Diaspora Watch continues to provide the diaspora community with sharp insights and global perspectives, reinforcing its position as the voice of Africans abroad and a trusted lens on world affairs.
The 62nd edition is available now in print and digital formats.
Global Economic Shifts Dominate Diaspora Watch’s 56th Edition
The 56th edition of Diaspora Watch is out, and it’s packed with insightful analysis on the latest global economic trends.
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This issue shines a spotlight on the US sanctions targeting firms across Asia and the Middle East over their links to Iran’s oil industry, sparking a ripple effect in the global energy market.
Meanwhile, Africa is making a strategic pivot towards China, capitalizing on the Asian giant’s economic prowess amidst US tariffs. This shift is poised to redefine Africa’s economic landscape and open up new opportunities for growth and development.
In other news, the 2025 ACTIF conference brought together key stakeholders, including Amb. Tochil Nwaneri, as the Africa and Caribbean regions signed $290 million worth of deals. This landmark agreement is set to bolster economic ties between the two regions and drive progress.
Japanese investors are also taking notice of Africa’s growth story, eyeing opportunities to tap into the continent’s vast potential.
However, the US fertility rate has plummeted to 1.6 kids per woman, raising concerns about the country’s demographic future.
On the faith front, Bishop Ogunedo urged the faithful to maintain firm faith in the Lord Jesus, emphasizing the importance of spiritual resilience in these uncertain times.
This edition of Diaspora Watch also highlights the NNPC’s assurance of speedy delivery of the $2.8 billion AKK gas pipeline project, Guyana’s new official residence for the CARICOM Secretary-General, and Tinubu’s conferment of national honors on the Super Falcons.
Stay informed with Diaspora Watch’s 56th edition, your premier source for global news and analysis.
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Diaspora Watch 20th Edition (October 14-20, 2024): Your Trusted Source for Global News and Insights
