Gombe govt hails Tinubu over new Army formations
The Gombe State Government has commended President Bola Tinubu for approving the establishment of new Nigerian Army formations to enhance security in the s Read More: https://punchng.com/gombe-govt-hails-tinubu-over-new-army-formations/
President Bola Ahmed Tinubu has hailed the International Chamber of Commerce's recent ruling rejecting a $2.35 billion claim filed by Sunrise Power against Nigeria over the Mambilla hydroelectric power project. The tribunal ruled in favor of Nigeria, dismissing Sunrise's legal demands and ordering the company and its promoter, Leno Adesanya, to reimburse 75% of the legal fees incurred during the arbitration.
The panel dismissed Sunrise's request for a declaration that Nigeria violated contractual obligations and its claim for $400 million in compensation. The ruling marks a significant legal breakthrough, clearing the primary obstacle that had hindered the Mambilla hydro power project for years. In the statement signed by President Tinubu, he praised the efforts of the Nigerian government, particularly the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, and the Federal Ministry of Justice, as well as the defense team led by Elizabeth Oger-Gross and Tolu Obamuroh.
The President also commended the support of former Presidents Olusegun Obasanjo and Muhammadu Buhari, who testified in the case, as well as the National Security Adviser and the Economic and Financial Crimes Commission for their involvement in the defense of Nigeria's interests.
Written by urgent.news from Daily Trust's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
