In a dramatic turn of events in the long-running Mambilla Hydropower Project arbitration, former President Muhammadu Buhari is set to testify before the International Court of Arbitration in Paris. This development comes amidst reports that former Attorney General, Michael Aondoaaka (SAN), has withdrawn his support for Sunrise Power and Transmission Company, the original concessionaire of the project.
Thank you for reading this post, don't forget to subscribe!Naija247news gathered that Buhari’s testimony is crucial to the Nigerian government’s defense in the multi-billion dollar arbitration case filed by Sunrise Power. The company is seeking damages for the alleged breach of contract by the Nigerian government, which revoked the concession in 2006.
According to Naija247news, Aondoaaka, who played a pivotal role in the revocation of the Sunrise Power concession, is believed to have changed his stance on the matter. Sources close to the matter suggest that Aondoaaka now believes that the Nigerian government’s actions were unjustified and may even testify in favor of Sunrise Power.
Naija247news understands that the Nigerian government is preparing its defense strategy meticulously, with legal teams working tirelessly to present a strong case before the international tribunal. The outcome of the arbitration could have significant implications for the future of the Mambilla Hydropower Project, a crucial infrastructure project that has been plagued by delays and controversies for decades.
The Mambilla arbitration case has been closely watched by investors and energy experts worldwide, as it could set a precedent for future infrastructure projects in Nigeria and other developing countries. The Nigerian government is determined to defend its position and ensure that the Mambilla Hydropower Project is finally realized, while Sunrise Power is equally determined to secure compensation for the alleged damages suffered due to the revocation of the concession.
