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July 10, 2026
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Ghanaian group raises alarm over alleged attacks on JonahCapital assets in Nigeria
Money
Policy
Key Points
- The National Association of Ghanaian Communities in Nigeria (NAGHACON) has expressed concern over the alleged destruction of assets belonging to Ghanaian-owned JonahCapital in Abuja, Nigeria.
- NAGHACON observed damage to JonahCapital's facilities at River Park Estate, noting that properties of other companies within the estate were untouched, despite an ongoing court case regarding ownership.
- The association warned that the dispute could strain Ghana-Nigeria relations if not resolved through legal channels and urged respect for the judicial process.
- NAGHACON cautioned against the dispute fueling hostility towards Ghanaians living and working in Nigeria, drawing parallels to xenophobic violence in South Africa.
- The group appealed to the governments of Ghana and Nigeria to intervene to ensure the safety of Ghanaians connected to the company and facilitate a peaceful, legal resolution, upholding strong diplomatic and economic ties.
Why This Matters
This incident is significant for Ghana as it directly involves a Ghanaian-owned business operating abroad and raises concerns about the safety and fair treatment of Ghanaian nationals and their investments in a key regional partner, Nigeria. Unresolved, it could strain the crucial diplomatic and economic ties between Ghana and Nigeria, potentially deterring future Ghanaian investments and impacting existing expatriate communities.
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