Foreign Investor Warns of FDI Risks in Nigeria

John Townlei Johnson, CEO of HFAH, has raised concerns that institutional failures in Nigeria could jeopardize foreign direct investment (FDI). He highlighted a prolonged ownership dispute involving the River Park estate project near Abuja International Airport, which is controlled by Ghanaian businessman Sam Jonah.

Johnson alleges that documents related to the share transfer of Hfan bear forged signatures and claims that the Corporate Affairs Commission (CAC) has not adequately investigated these allegations. A forensic report from February 2026 supports his claims of forgery.

Johnson also noted that the Inspector General of Police has filed criminal charges regarding the disputed share transfer, but the Attorney General intervened to discontinue prosecution. In January 2026, Justice Modup Osho Adebiyi publicly stated in court that she was not influenced by intermediaries in the case.

The Federal Capital Territory (FCT) Ministry, led by Nyesom Wike, is reviewing a 2007 lease agreement related to the estate, which was previously canceled due to alleged contractual breaches.