How And Why Sunrise Lost $2.35bn Claim Against Nigeria

THISDAYLIVE | 20-09-2026 04:23am |

The International Chamber of Commerce (ICC) dismissed a $2.35 billion claim by Sunrise Power Transition Company and its owner, Leno Adesanya, regarding the Mambila Hydro Electric Power Project. The tribunal also rejected a $400 million settlement claim and ordered Sunrise and Adesanya to reimburse Nigeria approximately $11.82 million in legal and other expenses. The author, Garba Shehu, was present at the January 15, 2025, tribunal sitting in Paris and describes witnessing the case.

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