Nigeria In One Minute
$5.8b Mambilla power project hit by legal crisis
Barely a year after the signing of an agreement for the construction of the $5.792billion (about (N2.096trillion) Mambilla hydro-power project in Taraba State, the contract is enmeshed in a legal crisis.
The legal hitch follows moves by some forces in government to sideline the local content partner, Sunrise Power and Transmission Company Limited.
The company was awarded the Build Operate and Transfer (BOT) contract for the project in 2003.
But the issues surrounding the project are now before the ICC Arbitration Panel in Paris.
Although an amicable resolution of the legal dispute has been proposed, it was learnt the project might be stalled unless President Muhammadu Buhari intervenes in the crisis.
The Nation, December 24, 2018
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