Obasanjo, Buhari, others testify for Nigeria in Mambilla arbitration case in Paris
Nigeria is accused of breaching the terms of the power project contract awarded to Sunrise Power and Transmission Limited by former President Obasanjo in 2003.
Tag: Mambilla Power Project
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N2trn Mambilla Power Plant: Buhari approves project delivery committees
Damilola Shittu – Abuja President Muhammadu Buhari has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in Taraba State. He approved the Inter-ministerial Steering Committee and Project Delivery Committee for the N2trn power project. The Minister of Power, Sale Mamman, is to chair the inter-ministerial steering committee, while the director in…
Nigeria risks another $2.3bn fine over Mambilla hydroelectric project
Nigeria may face another $2.3bn fine in arbitration in France over an alleged breach of contract on Mambilla Hydroelectric project. This is coming after a British commercial court awarded $9.6bn against the country in favour of Process and Industrial Development Company in a botched gas processing deal. The Mambilla project is currently a subject of…