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$200M Judgement, Quick Facts: Nigerians React - Politics - Nairaland

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$200M Judgement, Quick Facts: Nigerians React by vedaxcool(m): 8:03am On Aug 05, 2021
FG not Buhari has directed NSIA to pay Sunrise Power & Transmission Coy ltd a sum of $200m as directed by International Court of Arbitration in Paris to solve 1,525MW Mambilla hydro power project. Baba Ekiti won . A contract that no single thing was done. Contract awarded in 2003

2: Femi Falana led legal team handled the case against FG demanding $400m compensation claim. Negotiation started in 2012 when AGF then started discussing With Sunrise . Sunrise then increased the $400m to $960m but eventually when Buhari took over, it was reduced to $200m .

3: China Exim Bank has already approved funds for this project since 2018 and with this new development, Taraba people will smile . Now, we can deal with issues of compensation to land owners. I do hope the Gov will help FG here so that we can start and create jobs for our people

4: Head of Civil Service and DG BPP should find a way out of punishing civil servants who aided this kind of process like P & ID. If you remember in those days, judgement debt used to be money making venture, if you know you know.

Source see below

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