This was done in a bid to broker peace and for all parties to reach an amicable settlement on their lingering default in the payment of their negotiated fees and services.
GreenArps Project Limited is a company owned and managed by Business Mogul, Kessington Adebukuola Adebutu, popularly known as ‘Baba Ijebu. The company is alleged to have defaulted in the full payment of negotiated fees and further services rendered by a Technical Consortium which directly led to the company’s successful concession bid for the National Stadium in Lagos in November 2023.
As a way to resolve the matter without resorting to court litigation to get their balance payment of ₦50million of the original ₦150million fee, both parties went to the ADRC in Abuja hosted by the FCT High Court Multi-Door Court, Abuja.
The dispute was not resolved at the hearing last Thursday and has been adjourned to allow the parties a further opportunity to resolve the matter.
Beadysword Blog further learnt that the Technical Consortium however appears quite dissatisfied with the manner GreenArps is handling the dispute and is bent on pursuing litigation should the mediation fail.
Details of the mediation at the ADRC were not revealed as per rules of engagement as at press time.