Nigeria wins ICC arbitration over $400 million Mambilla project claim

Mambilla Hydroelectric Power Project international arbitration Sunrise Power and Transmission Nigeria energy infrastructure ICC tribunal

An International Chamber of Commerce (ICC) tribunal in Paris has rejected a $400 million claim brought by Sunrise Power and Transmission Company against the Nigerian government regarding the Mambilla hydroelectric project.

The tribunal ruled that the settlement agreements relied upon by Sunrise were not binding because the officials who signed them lacked the necessary presidential approval to commit the state. Furthermore, the tribunal found the agreements were tainted by corruption and contrary to Nigerian public policy.

As a result of the ruling, Sunrise and its promoter, Leno Adesanya, have been ordered to reimburse Nigeria for a portion of its legal defense costs. Nigerian Attorney-General Lateef Fagbemi stated that the decision removes a major legal obstacle to the 3,050-megawatt project, which has faced delays for nearly two decades. Resolving this dispute is seen as a critical step toward securing financing from the China Export-Import Bank.

Despite this victory, Nigeria faces a separate arbitration claim from Sunrise exceeding $2.7 billion.

Entities

International Chamber of Commerce · Lateef Fagbemi · Leno Adesanya · Mambilla Hydroelectric Power Project · Nigeria · Sunrise Power and Transmission · Sunrise Power and Transmission Company

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Sunrise is pursuing a separate arbitration claim against Nigeria exceeding $2.7 billion. ghananewss.com · von.gov.ng
[● 3 SOURCES] The tribunal found the agreements were linked to corruption and contrary to Nigerian public policy. afrikactus.com · ghananewss.com · von.gov.ng
[● 3 SOURCES] The tribunal ruled that the settlement agreements were not binding because the signatories lacked presidential approval. afrikactus.com · ghananewss.com · von.gov.ng
[● 2 SOURCES] Sunrise and its promoter, Leno Adesanya, were ordered to reimburse Nigeria for a portion of its legal defense costs. afrikactus.com · ghananewss.com
[● 2 SOURCES] Financing for the Mambilla project from the China Export-Import Bank was contingent on resolving the legal dispute. ghananewss.com · von.gov.ng
[● 4 SOURCES] An ICC tribunal in Paris rejected Sunrise Power and Transmission Company’s $400 million claim regarding the Mambilla project. afrikactus.com · ghananewss.com · www.thisdaylive.com · von.gov.ng

Sources

Projet Mambilla Nigeria : le vrai défi commence [afrikactus.com]

8 days ago

Nigeria wins arbitration as Sunrise's $400 million hydropower claim dismissed [ghananewss.com]

9 days ago

How and why Sunrise, Leno lost in Paris [dailytrust.com]

8 days ago

Sun(Set) for $2. 35 Billion Scam [www.thisdaylive.com]

8 days ago

Nigeria Will Resist Predatory Legal Claims - AGF - Voice of Nigeria [von.gov.ng]

9 days ago