ICC Tribunal Rejects $3.38bn Claims Against Nigeria Over Mambilla Project
- An International Chamber of Commerce tribunal in Paris dismissed Sunrise Power’s claims against Nigeria concerning the Mambilla hydropower project, including its $2.35 billion contract claim.
- The tribunal rejected Sunrise Power’s separate request for $400 million under a 2020 settlement agreement with Nigeria.
- Sunrise Power and Leno Adesanya must reimburse Nigeria 75 percent of its $11.82 million in legal fees and expenses.
- President Bola Tinubu said the ruling removed a major legal obstacle to the Mambilla project and praised Nigeria’s legal team.
14 Articles
14 Articles
Mambilla project: Nigeria wins $2.35bn arbitration battle against Sunrise Power
Nigeria has won an arbitration dispute against Sunrise Power over the Mambilla hydropower project, with an International Chamber of Commerce (ICC) tribunal in Paris dismissing the company’s $2.35 billion claim against the country.
ICC Tribunal Rejects $3.38bn Claims Against Nigeria Over Mambilla Project
An international arbitration tribunal under the auspices of the International Chamber of Commerce (ICC) in Paris has issued an award in favour of Nigeria, rejecting claims totalling $3.38 billion in arbitration instituted over disputes associated with the development of the Mambilla power project in Taraba State.
Mambilla project: Nigeria wins arbitration case at ICC as Tinubu hails Buhari, Obasanjo
The International Chamber of Commerce tribunal in Paris has ruled in favour of Nigeria in the arbitration brought by Sunrise Power and Transmission Company Limited over the Mambilla Hydroelectric Power Project in Taraba State. President Bola Tinubu, in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the Read More: https://punchng.com/mambilla-project-nigeria-wins-arbitration-case-at-icc-as-ti…
Nigeria wins $2.35bn arbitration over Mambilla hydropower project
Nigeria has secured a major legal victory in the long-running dispute over the Mambilla hydropower project, after the International Chamber read more Nigeria wins $2.35bn arbitration over Mambilla hydropower project
Nigeria Wins $2.35bn Mambilla arbitration dispute against Sunrise Power
Nigeria has won an arbitration dispute at the International Chamber of Commerce (ICC) tribunal in Paris, defeating a $2.35 billion claim filed by Sunrise Power and Transmission Company over the long-delayed Mambilla Hydropower Project. The tribunal, in a ruling issued on Thursday and signed by a three-member panel, dismissed Sunrise Power’s argument that the Federal […]
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