Obasanjo Offers to Testify for Nigeria in $2.3 Billion Mambilla Power Contract Saga
In a significant development, former Nigerian President Olusegun Obasanjo has declared his preparedness to provide testimony on behalf of Nigeria in the ongoing $2.3 billion disputed Mambilla power contract case involving former Minister of Power and Steel, Olu Agunloye.
The dispute has landed at the International Chamber of Commerce (ICC) in Paris, where Sunrise Power and Nigeria find themselves at odds. Sunrise Power alleges a breach of contract, asserting that it was granted a $6 billion contract to build, operate, and transfer in May 2003 during President Obasanjo’s administration.
Sunrise Power contends that the Federal Government of Nigeria repudiated the agreement, seeking compensation of $2.3 billion. The company claims to have expended substantial funds on financial and legal consultants before the contract was abandoned.
On the contrary, the Nigerian government, in its defence, alleges fraud and corruption involving public officials in the award of the contract.
In a letter addressed to the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, the counsel to the Nigerian government, President Obasanjo expressed his willingness to testify on behalf of Nigeria in any capacity required.
Source: Daily Post
