Business
Olanipekun Writes AGF, Asks FG to Amicably Settle $5.8bn Mambilla Power Project with Sunrise Power
Chief Wole Olanipekun, has asked the federal government to seek an amicable settlement, and revive the execution of the $5.8 billion Mambilla hydro-electric power project by Sunrise Power Transmission Company of Nigeria Limited (SPTCL).
Olanipekun, a Senior Advocate of Nigeria (SAN), in a letter written to the Attorney-General of the Federation and Minister of Justice, Chief Lateef Fagbemi, on behalf of the firm, urged the minister to carry out thorough investigation on the matter with a view to taking the needed steps, including, but not limited to, the total and global resolution of the matter.
The letter dated December 7, 2023, urged the federal government to seek an amicable settlement of the matter and engage in negotiations with the firm to resolve the protracted litigation and potential national embarrassment.
In the letter titled, “Re: the ongoing arbitration between Sunrise Power and Transmission Company Limited and the Federal Government of Nigeria arising from the Mambilla Hydro-electric Power Project,” the senior lawyer stated that it was not fair that the dispute had stagnated the commencement and execution of the Mambilla project for many years.
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