Nigeria won’t be soft target for predatory litigation, arbitration – Fagbemi
- Attorney-General Lateef Fagbemi said Nigeria’s victory in an International Chamber of Commerce arbitration rejected Sunrise Power’s claims over the 3,050-megawatt Mambilla Hydroelectric Power Project.
- The tribunal found the settlement agreements unenforceable because officials lacked the required authority and the agreements involved corruption and violated Nigerian public policy.
- Fagbemi said the litigation delayed financial closure of the Mambilla project, contributing to lost power generation and continued energy poverty.
- Sunrise Power and Leno Adesanya were ordered to reimburse Nigeria $11.8 million in legal fees and $414,125 in arbitration costs.
14 Articles
14 Articles
Nigeria won’t be soft target for predatory litigation, arbitration – Fagbemi
Mr Fagbemi said this while reacting to Nigeria’s victory in the International Arbitration instituted by Sunrise Power and Transmission Company Limited (Sunrise) and its principal, Leno Adesanya.
Nigeria wins arbitration as Sunrise's $400m hydropower claim dismissed
Nigeria has won an international arbitration case after a tribunal dismissed a $400 million claim by Sunrise Power and Transmission over the long-delayed Mambilla hydroelectric project, Attorney-General Lateef Fagbemi said on Tuesday. The September 17 ruling removes a major legal obstacle to the 3,050-megawatt hydropower project, potentially reviving Nigeria’s biggest hydroelectric scheme after nearly two …
Nigeria Will Resist Predatory Legal Claims - AGF
The Attorney-General of the Federation, Lateef Fagbemi, says Nigeria will not be a soft target for litigation and arbitration after an International Chamber of Commerce tribunal rejected Sunrise Power’s $400 million claim over the Mambilla Hydroelectric Power Project on September 17. Fagbemi made the statement in Abuja while reacting to the ruling in the arbitration between Sunrise Power and Transmission Company Limited, Sunrise, its principal L…
Mambilla: Malami, Fagbemi give opposing accounts of ICC’s ‘$3.38 billion’ ruling
Former Attorney-General of the Federation, Abubakar Malami SAN, and his successor, Lateef Fagbemi SAN, have given opposing accounts of the International Chamber of Commerce (ICC) ruling in Paris, which ruled in favour of Nigeria and rejected about $3.38 billion in claims by Sunrise Power and Transmission Company Ltd (Sunrise) linked to the Mambilla Hydroelectric Power Project in Taraba State.
Malami explains role in Mambilla hydropower project and $200m settlement
Former attorney-general of the federation (AGF), Abubakar Malami has explained what he said was his role in the dispute between Sunrise Power and the federal government as it pertains to the Mambilla hydropower project and a $200 million settlement in which he was alleged to be a beneficiary. In a statement issued on […]
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
