ICC tribunal rules in Nigeria’s favour, rejects $3.38 billion Mambilla claim

An International Arbitration Tribunal under the auspices of the International Chamber of Commerce (ICC) in Paris has ruled in favour of Nigeria, rejecting claims by Sunrise Power and Transmission Company Ltd (Sunrise) with a combined value of about $3.38 billion in disputes linked to the Mambilla Hydroelectric Power Project in Taraba State. The tribunal's decision was announced in Paris. The claims were rejected in their entirety. The dispute concerned the Mambilla Hydroelectric Power Project.

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