Tinubu Reacts as Nigeria Wins Arbitration Against Sunrise Power
Thursday's ICC ruling clears the single biggest legal hurdle that has paralysed the Mambilla hydro power project for years, the statement said. The post Tinubu reacts as Nigeria wins arbitration against Sunrise Power appeared first on Premi
Nigeria won an arbitration case at the International Chamber of Commerce against Sunrise Power over the long-stalled Mambilla hydro power project. President Bola Tinubu welcomed the ruling, which officials said removes the main legal obstacle that had blocked the project for years.
Filed Under
What did you make of this
Sign in to react and save stories. Reading is always free.
Be the first to comment
Sign in to join the conversation. Reading is always free.
Related Reports & Analysis
ICC tribunal rules in Nigeria's favour, rejects $3.38bn Mambilla claim
An International Arbitration Tribunal under the auspices of the International Chamber of Commerce (ICC) in Paris has ruled in favour of Nigeria, rejecting claims by Sunrise Power and Transmission Company Ltd (Sunrise) with a combined value
ICC Tribunal Flags $500K Payment to Atiku's Ex-Wife in Mambilla Dispute
“I confirm that I made a transfer of $500,000 to the Abubakars through my company China Castle Investments Ltd in early 2003,” Mr Adesanya said in his fourth witness statement, according to the tribunal award. The post $500,000 payment
Mambilla: Malami Tried to Deceive Buhari, Struck Corrupt Deals, ICC Tribunal
The Tribunal noted that Mr Malami failed to appear before it to give evidence, adding that he acted against Nigeria’s interest and was “motivated by other incentive(s)”. The post Mambilla: How Malami attempted to deceive Buhari, struc
Tinubu Orders 180-Day Roadmap for Nigeria's Digital Free Zones Launch
President Bola Ahmed Tinubu has directed the Federal Government to develop a roadmap for the full launch of Nigeria’s Digital Free Zones initiative within 180 days. The post Tinubu orders roadmap for full launch of Nigeria’s Digital Fre