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Hanson Dredging wins multi-billion Naira arbitration award against Sanef Creatives over contract breach

Jan 14, 2025•over 1 year ago

Contract Type

contract

LagosConstruction

Description

Hanson Dredging and Marine Services Limited, appointed in 2021 to execute dredging and reclamation work for Lagos Creative and Entertainment Centre, has won a multi-billion arbitration against Sanef Creatives Limited for breach of contract terms. The arbitration tribunal awarded N9.1 billion in special damages and N5 billion in general damages to Hanson Dredging.

Company Information

Company

Hanson Dredging and Marine Services Limited

Location

Lagos, Lagos State, Nigeria

About

Hanson Dredging and Marine Services Limited is a contractor appointed in 2021 to execute dredging and reclamation work for Lagos Creative and Entertainment Centre.

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