MALAMI AND THE MAMBILLA HYDROPOWER ARBITRATION
The former Attorney General of the Federation deliberately acted against the best interests of Nigeria, writes CHIDI ANSELM ODINKALU When he announced the military coup in Nigeria on 15
The former Attorney General of Nigeria, Abubakar Malami, was accused of acting against the country's best interests when he announced the military coup in 1966. The country's funding shifted from agriculture and solid minerals to oil after the Arab-Israeli War in 1973, leading to the "oil boom." The military regime repudiated financing contracts for the Mambilla Hydropower Project, causing a lawsuit stampede against Nigeria in foreign courts.
Abubakar Malami played a significant role in this, reportedly bribing his way to various settlements, including a $200 million deal with the company behind the Mambilla Hydropower Project. The arbitration decision, spanning 619 pages, concluded this long-standing saga in Paris.
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