Nigeria, Feb. 23 -- Nigeria has secured victory in an international arbitration dispute against an international technology contractor, saving the country from potential financial liability estimated at $6.2 million, the office of Nigeria's Attorney-General of the Federation (AGF) and Minister of Justice said on Sunday.

According to a statement by Kamarudeen Ogundele, the special adviser to the President (Communication and Publicity), office of the AGF, the dispute centred on a national electronic government procurement (eGP) project handled by the BPP.

The contractual dispute led the foreign firm, European Dynamics UK Ltd, to initiate the arbitral proceedings before the International Centre for Arbitration and Mediation, which sat in A...