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.
12 Articles
12 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.
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 […]
Malami Reveals Role In Mambilla Court Dispute, $200m Settlement - NewsTmes.com.ng
Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has rejected allegations of corruption linked to the controversial Mambilla Hydroelectric Power Project settlement. This was just as he insisted that he did not authorise or receive the $200 million settlement allegedly negotiated with Sunrise Power and Transmission Company Limited. Malami, through his Special …
Legal battle over Mambilla project worsened Nigeria’s energy poverty
Lateef Fagbemi, attorney-general of the federation (AGF), says the legal battle over the Mambilla hydropower project deepened Nigeria’s energy poverty. In a statement on Tuesday, Fagbemi said the progress of the Mambilla project was “held hostage” by the “relentless litigation and arbitration” instituted by Sunrise Power and Transmission Company Limited against Nigeria. The AGF’s statement is a reaction to the verdict of the International Ch…
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