Mambilla Power ICC Case: How Nigeria win $3.38bn battle for di 1500MW Mambilla Power project

Nigeria govment don win international court gbege wey don last for more dan nine years, against one Sunrise Power and Transmission Company Limited, sake of di 1500MW Mambilla Hydroelectric Power Project, mata wey for put Nigeria for risk of paying more dan $3.38 billion in damages.

Di project bin originally start as a 3,050-megawatt hydroelectric plant for Taraba State, but di Federal Govment later reduce di planned capacity by about 50 per cent to 1525MW bifor dem come rejig am again to about 1500MW so e go dey financially viable and "bankable" for lenders.

President Bola Tinubu confam di victory for State House statement say di International Arbitration Tribunal under di auspices of di International Chamber of Commerce for Paris, France, issue award in Nigeria favour and reject di Sunrise claims.