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An international arbitral tribunal under the auspices of the International Chamber of Commerce (ICC) in Paris, today, 17 September 2026, issued an award in favor of our country, rejecting the claims in the arbitration instituted by Sunrise Power and Transmission Company Ltd (Sunrise).
The company had filed a complaint against the Federal Republic of Nigeria, seeking $680 million as a settlement sum and interest in connection with another arbitration in which it seeks over $2.7 billion in damages and interest relating to disputes associated with the development of the 3960 mw Mambila hydropower project, located in Taraba State.
This latest decision affirms the Nigerian State’s determination not to succumb to the predatory and exploitative claims of corrupt local and international entities and their supporters and financiers.
On behalf of the government and people of the Federal Republic of Nigeria, I heartily commend the tremendous efforts of the Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi and the entire team of the Federal Ministry of Justice for their efforts in this matter.
I also commend the FRN defense team, led by Elizabeth Oger-Gross and Tolu Obamuroh, both of Paul Hastings LLP, for their professional and excellent defense of the country.
I applaud the patriotism and support of former President Olusegun Obasanjo, GCFR, and the late President Muhammadu Buhari, GCFR, who testified in the case, which dates back to an illegal 2003 contract to build a 3,050 megawatt hydroelectric power plant in Taraba State under a build-operate-transfer model. The Federal Executive Council never authorized the contract.
I thank the other witnesses in this case, including former ministers Babatunde Raji Fashola, SAN and Suleiman Adamu, and the experts, for their active participation in defending Nigeria’s interest in the arbitration.
I commend the National Security Advisor for his support and the Economic and Financial Crimes Commission for its investigation of the case.
I want to assure you that while our country remains committed to working with genuine investors and honoring its legal obligations, it will continue to vigorously defend all opportunistic claims brought against our Commonwealth.
Today’s ruling by the International Criminal Court eliminates the biggest legal obstacle that has paralyzed the Mambilla hydroelectric project for years.
God bless the Federal Republic of Nigeria.
PRESIDENT BOLA AHMED TINUBU,
September 17, 2026
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