How and why Sunrise, Leno lost in Paris

Daily Trust | 24-09-2026 07:00am |

The International Chamber of Commerce (ICC) threw out the USD 2.35 billion claim by Sunrise Power Transition Company on the Mambila Hydro Electric Power Project and rejected a USD 400 million settlement claim, ordering the company and its owner, Leno Adesanya, to reimburse Nigeria about $11.82 million in legal and other expenses. The outcome sparked widespread celebrations across Nigeria. A news person present at the January 15, 2025 sitting of the tribunal in Paris witnessed the proceedings, where Presidents Olusegun Obasanjo and Muhammadu Buhari featured as strong pillars of the country's defence.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.