19/09/2026
NIGERIA WINS AGAIN: ICC ARBITRATION RULES IN FAVOUR OF NIGERIA OVER $2.35B MAMBILLA HYDROPOWER DISPUTE
Nigeria has secured a major legal victory after an International Chamber of Commerce (ICC) tribunal in Paris dismissed a $2.35 billion claim by Sunrise Power and Transmission Company over the long-delayed Mambilla Hydroelectric Power Project in Taraba State.
The tribunal also rejected a separate $400 million settlement claim and ordered Sunrise and its promoter, Leno Adesanya, to reimburse Nigeria about $11.82 million in legal fees and expenses. President Bola Tinubu described the ruling as the “single biggest legal hurdle” to the project, while the tribunal’s findings also referenced alleged payments involving officials connected to the project.
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