Home » Obasanjo Testifies in ICC Arbitration Over Nigeria’s $6 Billion Mambilla Power Project Dispute

Obasanjo Testifies in ICC Arbitration Over Nigeria’s $6 Billion Mambilla Power Project Dispute

by adeadmin
0 comment

Former Nigerian President Olusegun Obasanjo is currently in Paris, France, where he has testified before the International Chamber of Commerce (ICC) in a crucial arbitration case involving the Federal Government of Nigeria. The case concerns an alleged breach of contract related to the $6 billion Mambilla Power Project.

The lawsuit, filed by Sunrise Power and Transmission Company, accuses the Nigerian government of failing to uphold its obligations under the power deal. Both Obasanjo and former President Muhammadu Buhari are key witnesses in the proceedings.

According to reliable news source, the arbitration, which involves a $2.3 billion claim, is ongoing in Paris. Obasanjo, who appeared before the ICC on January 22, 2025, provided his testimony as part of the process. The timing for Buhari’s testimony remains unclear.

On January 21, 2025, Leno Adesanya, Chairman of Sunrise Power, also testified in court regarding the breach of contract claim. The outcome of this arbitration is highly anticipated, as it could have significant implications for Nigeria’s energy sector and its international relations.

You may also like

Leave a Comment

Our Company

Ade E Radio is your number 1 source of quality news content on various topics of interest such as politics, entertainment, sports, business and economy

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Laest News