Mambilla: IMPI seeks review of $500,000 transaction
The Independent Media and Policy Initiative (IMPI) is calling for a formal investigation into a $500,000 transaction linked to the Mambilla Hydroelectric Power Project. The payment, made in 2003 to an account associated with the wife of former Vice-President Atiku Abubakar, was highlighted during ICC arbitration proceedings.
Why it matters
The request highlights ongoing concerns regarding transparency and potential corruption in major Nigerian public infrastructure projects.
Layer 1 Group urges authorities to examine financial records cited in ICC arbitration
ABUJA — The Independent Media and Policy Initiative, IMPI, has called for further examination of a $500,000 transaction referenced in the International Chamber of Commerce, ICC, arbitration proceedings over the long-running dispute surrounding Nigeria’s Mambilla Hydroelectric Power Project.
In a policy statement signed by its Chairman, Dr Omoniyi Akinsiju, the group said the transaction, which featured in the ICC tribunal’s final award, warranted further clarification by relevant Nigerian authorities.
According to the group, the payment was made on January 30, 2003, through China Castle Investments Limited, a company controlled by Sunrise Power promoter Leno Adesanya, to a United States bank account belonging to Jennifer Douglas, who was then married to former Vice-President Atiku Abubakar.
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