Former President Olusegun Obasanjo has expressed his readiness to testify on behalf of Nigeria in any forum concerning the contested Mambilla power contract.
Sunrise Power is currently in arbitration with Nigeria at the International Chamber of Commerce (ICC) in Paris, alleging a breach of the $6 billion build, operate and transfer (BOT) contract awarded in May 2003 by the Obasanjo administration.
Sunrise Power seeks $2.3 billion in compensation, citing expenses incurred on financial and legal consultants before the agreement was repudiated by the federal government.
In response to the arbitration, Nigeria is counterclaiming fraud and corruption involving public officials in the contract award—a situation reminiscent of the P&ID case, where a UK court nullified an $11 billion award against Nigeria for similar reasons.
The Economic and Financial Crimes Commission (EFCC) has reportedly uncovered significant fraud issues and has filed charges against suspects in connection with the Mambilla power contract.
In a recent interview, former President Olusegun Obasanjo had challenged Olu Agunloye, who was minister of power at the time, to tell Nigerians where he derived the authority to award a $6 billion contract to Sunrise.
Agunloye issued a statement, insisting that he had Obasanjo’s approval.
IgbereTV understands that Lateef Fagbemi, the attorney-general of the federation, thereafter wrote to Obasanjo seeking information on various claims made by Agunloye and Sunrise on the Mambilla project.
