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$6bn Mambilla project: FG, Sunrise Power await Paris court verdict
Former presidents Muhammadu Buhari and Olusegun Obasanjo have defended Nigeria in the $2.3 billion arbitration proceedings filed against the country by Sunrise Power over an alleged breach of contract by the federal government at the International Chamber of Commerce (ICC) in Paris.
The parties in the case now await the court’s verdict.
The arbitration court in France had a week-long hearing, between 18th and 23rd January, in Paris on the ongoing dispute between Sunrise Company/Leno Adesanya and the government of Nigeria on the existence or absence of a contract for the construction of the Mambilla Power Project.
The Mambilla Hydroelectric Power Station is a proposed 3,050 MW hydroelectric power project.
Sunrise Power, which claimed to have been awarded a $6 billion contract to build, operate and transfer the power plant by the Obasanjo administration in May 2003, is in arbitration with Nigeria at the International Chamber of Commerce in Paris.
The company has alleged a breach of contract by the federal government and is seeking monetary compensation of $2.3 billion to cover what it had spent on financial and legal consultants.
Obasanjo, Buhari testify at tribunal
Credible sources spoke with our reporters on the appearance of two former presidents at the court last week.
One of the sources said both Obasanjo and Buhari maintained their stand that no contract was signed in the first instance. Hence, there was no basis for the claim of compensation by Sunrise over the $6bn Mambilla power contract deal.
Obasanjo, who testified before the ICC last Wednesday, had in an interview he granted TheCable in 2023, queried his former Minister of Power, Olu Agunloye, how he got the prerogative to award the contract to Sunrise in 2003.
Buhari, who also testified last Thursday, had earlier written to the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, denying authorising the settlement agreement of 2020.
The source said: “It is very important for the nation’s case that the Attorney-General and Minister of Justice, Lateef Fagbemi, was successful in bringing two former presidents – Chief Olusegun Obasanjo and Muhammadu Buhari – to testify at the hearing.
“By this action, the government of Nigeria sent a signal of its strong commitment to defending the nation’s interest.”
The source said both leaders – Obasanjo and Buhari – are known for speaking forthrightly and unequivocally, and this, they exhibited in Paris.
The source further explained that to the delight of the international team of lawyers representing Nigeria, the two past presidents did extremely well, exposing the Sunrise/Leno’s claim for what it is: an attempt using fraud, deceit and lies to scoop USD660,000 settlement from Nigeria in the first instance, for the alleged violation of a 2003 contract for which there is no valid approval.
According to the source, “It is evident from the proceedings that the case of the litigants was rooted in a purported 2003 agreement. The 2003 contract was established not to have been validly in existence. This is worsened by the fact that the litigants failed to produce their major witnesses.”
Key witnesses missing as Leno makes appearance
Another trusted source confirmed to the Daily Trust that Barrister Michael Andoakaa, the Yar’adua-era Minister of Justice and Attorney General made a brief appearance in Paris. He did not show up at the hearing.
Similarly, the much-touted appearance of a one-time Minister of Power, Agunloye, did not also materialise. He was the one who allegedly signed a side letter communicating the approval of the contract 24 hours after its rejection by the Federal Executive Council (FEC) which meeting was presided over by Obasanjo.
A third “key witness”, a Senegalese woman, did not also appear at the hearing.
The source, who closely monitored the proceedings also said, “Another major setback suffered by the litigants was their over-reliance on an earlier witness statement deposed to by Abubakar Malami, Minister of Justice and Attorney General under President Buhari.
“Malami, on whose testimony the litigants made heavy weather was not fielded as a witness, but ended up lining behind his former boss, President Buhari, to support and prepare him well for his (Buhari’s) testimony.
“It was by and large a great showing, consolidated by the equally outstanding testimonies of former ministers, Engineer Sulaiman Adamu, formerly Water Resources and Babatunde Raji Fashola, Power.”
However, Leno Adesanya was before the panel on Tuesday. He, like all the others, was led by a counsel.
Whereabouts of Dr Olu Agunloye
The Daily Trust findings revealed that Olu Agunloye is presently in his house because he had been granted administrative bail by the Economic and Financial Crimes Commission (EFCC).
He is being tried at the Federal High Court, FCT, sitting in Apo, Abuja and therefore not in Paris, France.
When our reporter spoke to the EFCC Head of Media and Publicity, Dele Oyewale, on whether Agunloye would testify at Paris, France, he said they didn’t know because they were not concerned about the matter, and as such it wouldn’t affect the ongoing case in Nigeria.
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Time for excuses over, says Wike
The Minister of the Federal Capital Territory, Nyesom Wike, has assured Nigerians that the President Bola Tinubu administration will deliver greater development strides in 2025, declaring that the era of excuses for non-performance is over.
Wike stated this on Monday night after receiving the ThisDay Award as the Minister of the Year.
“I want to assure all those who do their businesses in Nigeria that this year, 2025, we will see more developments and more infrastructure, that is what is basic for us. We have no time for excuses; the time for excuses has gone,” he said.
Wike thanked the president for allowing him to contribute to the development of Nigeria.
The awards saw Zenith Bank Plc emerge as a winner in the Bank of the Year category, while Access Bank won the Global Bank of the Year.
Other recipients of awards included Dangote Petroleum Refinery and Petrochemicals, which emerged as Company of the Year, while MTN, was Brand of the Year.
Shell Nigeria Plc was awarded Investor of the Year; Managing Director and Chief Executive Officer of Providus Bank, Mr Walter Akpani, won the Banker of the Year, while Senator Adams Oshiomhole and Natasha Akpoti Uduaghan both won Senators of the Year.
The Publisher of The Guardian Newspaper, Lady Maiden Ibru, and the Chairman of Fidelity Bank PLC, Mustapha Chike-Obi, both received the Lifetime Achievers Award.
Four governors were jointly awarded Governor of the Year: Uba Sani (Kaduna), Babajide Sanwo-Olu (Lagos), Sheriff Oborevwori (Delta), and Umo Eno (Akwa Ibom).
Speaking after receiving the award, Governor Oborevwori stated that the recognition would inspire him to increase his efforts toward improving the lives of Deltans.
He remarked that, as the year 2025 unfolds, his administration will be unwavering in the desire to redouble efforts towards building a more peaceful state and a resilient economy.
“As a man with street credibility, we are in touch with the grassroots and, as we are building infrastructure, we are also building our people because you may have the infrastructure and the people are hungry.
“So, we are building the capacity of the people and we are also building infrastructure and investing in agriculture and other sectors of the economy,” Oborevwori said.
News
PDP knocks Aiyedatiwa as lawmakers get N200m for phone calls
The Peoples Democratic Party in Ondo State has criticised Governor Lucky Aiyedatiwa over the recently signed 2025 state budget, labelling it a “budget of looting” due to what it described as wasteful and dubious allocations.
Governor Aiyedatiwa signed the N698.6bn budget into law a week after its passage by the state House of Assembly.
The budget allocates N265.04bn for recurrent expenditure and N433.62bn for capital projects.
However, the PDP has questioned the transparency of the spending plan, singling out allocations it considers frivolous.
These include N200m for lawmakers and N280m for the Speaker of the Ondo State House of Assembly for “phone expenses.”
In a statement issued on Tuesday by its Publicity Secretary, Kennedy Peretei, the opposition party described the allocations as outrageous and unnecessary.
“The Ondo State 2025 Appropriation Act, signed by Governor Lucky Aiyedatiwa, is aptly a ‘Budget of Looting.’ Yet, the Governor branded it a ‘Budget of Recovery,’” Peretei said.
The PDP also queried the allocation of N11.5bn to the Ministry of Finance under the subhead of “security vote,” stating that such an amount is unjustifiable and raises serious concerns about accountability.
“Not even budget experts can explain the rationale for a Ministry receiving a ‘security vote,’ which is distinct from what the Governor himself collects monthly under the same subhead,” the statement added.
Critical sectors such as education and healthcare, the party noted, were allocated N77.02 billion and N46.02 billion respectively, amounts it deemed inadequate for meaningful development.
The PDP further called on the Economic and Financial Crimes Commission to investigate what it termed the “brazen looting” embedded in the budget.
But the Ondo State chapter of the All Progressives Congress dismissed the PDP’s allegations as baseless and a misrepresentation of facts.
In a statement by its Director of Media and Publicity, Steve Otaloro, the APC argued that the budget was designed to foster economic growth and development in the state.
“The allocations are in line with the state’s development priorities. The PDP’s claims are nothing more than an attempt to discredit the administration out of bitterness for losing the last governorship election,” Otaloro said.
The controversy highlights a deepening rift between the ruling APC and the opposition PDP over the state’s fiscal policies, with questions raised about the prioritisation of funds amid widespread economic challenges.
News
Police arraign Sowore today for calling Egbetokun ‘illegal IG’
The Inspector General of Police, Kayode Egbetokun, has initiated legal action against activist Omoyele Sowore over comments he made on social media, referring to Egbetokun as an “illegal IG.”
Sowore is facing three charges related to Cybercrime under the Cybercrime (Prohibition, Prevention, ETC) Act, 2015, as amended in 2024.
According to the charges, filed in a suit marked FCH/ABJ/23/25, Egbetokun accused Sowore of intentionally and knowingly sending messages through his verified Twitter account, where he referred to the IG as “illegal IGP Kayode Egbetokun.”
The police allege that these publications were false and aimed at causing a breakdown of law and order.
Count one of the charge sheet reads, “That you, Omoyele Sowore, on December 13, 2024, did intentionally send messages through your verified X handle account, ‘Omoyele Sowore,’ calling the Inspector General of Police ‘illegal IGP Kayode Egbetokun,’ knowing it to be false and intending to cause a breakdown of law and order.”
In count two, Sowore is accused of making threats intended to incite Nigerians against the Nigeria Police Force and damage the reputation or property of the IG or the force.
Count three involves a statement Sowore allegedly made on December 20, 2024, which said: “The illegal IG of Nigeria Police Force, Kayode Egbetokun, will make the next #ENDSARS inevitable! He is working tirelessly towards it. Just a matter of time. #EgbetekunMustGo #Revolution.”
The police alleged that Sowore’s messages were aimed at causing unrest and undermining the authority of the police.
Sowore is set to appear before Justice Liman of the Federal High Court in Abuja today (Wednesday).
His legal team, led by Marshall Abubakar, confirmed that the charges will be heard in court.
Deji Adeyanju, a political activist, stated that the charges represent an abuse of the legal process, promising a strong response in court.
Sowore was arrested on Monday after refusing to accept bail conditions set by the police following allegations of obstructing public officers and cyberstalking.
The charges have been brought in the context of ongoing tension between Sowore and the Nigerian authorities, particularly after a viral video he posted in December that alleged police extortion at a checkpoint in Lagos.
Sowore’s refusal to meet bail conditions, which included providing a Level 17 civil servant as a guarantor and surrendering his passport, led to his detention at the IRT detention facility in Abuja.
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