Now that the Mambilla Mess Is Over
It came as a mighty relief to me when news broke on Thursday that an arbitration panel of the International Chamber of Commerce (ICC) in Paris, France, ruled in favour
Following the recent arbitration ruling in favor of Nigeria, the contentious Mambilla hydropower project has finally seen a breakthrough. The $2.3 billion award sought by Sunrise Power was ultimately upheld, marking a victory for the Nigerian government's commitment to power sector reform. This significant win puts an end to a long-standing legal battle that has plagued the nation for over two decades.
The Mambilla project, initially conceived in 1972, had been plagued by delays and controversy since its conception. The arbitration panel, based in Paris, ruled in Nigeria's favor, directing Sunrise Power and its promoter, Chief Leno Adesanya, to reimburse 75 percent of the country's arbitration costs. While this ruling is undoubtedly a significant milestone, it is critical to remember that this is not the end of potential legal disputes surrounding the project, but rather a moment to celebrate progress.
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