$680m Mambilla fraud: Nigeria defeats Sunrise Power at ICC arbitration

The Nigerian Government has won a ineligible conflict against Sunrise Power and Transmission Company Limited astatine the International Chamber of Commerce, ICC, implicit disputes linked to the Mambilla Hydroelectric Power Project successful Taraba State.

The ICC arbitration tribunal, sitting successful Paris, France, on Thursday issued an grant rejecting Sunrise Power’s claims against the Nigerian Government and 1 Mr Leno Adesanya.

It volition beryllium recalled that Sunrise had approached the ICC, demanding $680 cardinal arsenic a colony sum and involvement successful transportation with different arbitration successful which it is seeking much than $2.7 cardinal successful compensation and involvement implicit disputes surrounding the improvement of the 3,960-megawatt Mambilla project.

Reacting to the ruling successful a connection on Thursday, President Bola Tinubu described it arsenic a...