Pentouch 
President Tinubu has said the ruling of International Arbitration Tribunal under the auspices of International Chambers of Commerce sitting in Paris on Thursday September 17 2026 clears the single biggest legal hurdle that has paralysed the Mambilla hydro power project for years.
Speaking through a statement issued by the State House Tinubu praised the decision of the ICC in favour of Nigeria, rejecting the claims in the arbitration instituted by Sunrise Power and Transmission Company Ltd (Sunrise).
The President said that the he company had made a claim against the Federal Republic of Nigeria, demanding $680 million as a settlement sum and interest in respect of another arbitration in which it is claiming over $2.7 billion in compensation and interest relating to disputes associated with the development of the 3960mw Mambila Hydroelectric Power Project, located in Taraba State.
He said that the latest decision affirms the Nigerian State’s determination not to succumb to predatory and exploitative claims by corrupt local and international entities and their enablers and funders.
While assuring people of the Federal Republic of NigeriaI,the President strongly commend the tremendous efforts of the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi and the entire team at the Federal Ministry of Justice for their efforts in the matter.
Not forgetting the FRN defence team, led by Ms Elizabeth Oger-Gross and Mr Tolu Obamuroh, both of Paul Hastings LLP, for their professional and excellent defence of the country.
President Tinubu also salute the patriotism and support of former President Olusegun Obasanjo, GCFR, and late President Muhammadu Buhari, GCFR, who testified in the case, which dated back to an illegal 2003 contract to build a 3,050-megawatt hydroelectric plant in Taraba State under a build-operate-transfer model. The Federal Executive Council never authorised the contract.
“I thank the other witnesses in this case, including former Ministers Babatunde Raji Fashola, SAN, and Suleiman Adamu, and the experts, for their active participation in defending Nigeria’s interest in the arbitration”.
“I commend the National Security Adviser for his support and the Economic and Financial Crimes Commission for its investigation into the case”.
Continuing he said “I want to assure you that while our country remains committed to partnering with genuine investors and honouring its legal obligations, it will continue to strongly defend all opportunistic claims instituted against our commonwealth.
Good job. Now the next thing is to get a genuine company to do the job.