$680m Mambilla fraud: Nigeria defeats Sunrise Power at ICC arbitration
The Nigerian Government has won a legal battle against Sunrise Power and Transmission Company Limited at the International Chamber of Commerce, ICC, over disputes linked to the Mambilla Hydroelectric Power Project in Taraba State. The ICC arbitration tribunal, sitting in Paris, France, on Thursday issued an award rejecting Sunrise Power’s claims against the Nigerian Government and one […] $680m…
The Nigerian Government has triumphed over Sunrise Power and Transmission Company Limited in an International Chamber of Commerce arbitration over disputes connected to the Mambilla Hydroelectric Power Project in Taraba State. The ICC tribunal in Paris dismissed Sunrise Power's $680 million claim, alongside an additional $2.7 billion demand for compensation.
President Bola Tinubu hailed this as a significant victory for Nigeria, attributing it to the country's robust legal defense. The dispute traces back to a 2003 contract for a 3,050-megawatt hydroelectric plant, and Nigeria remains committed to combatting fraudulent claims.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
