Mambilla: How and why Sunrise, Leno Adesanya, lost at ICC tribunal in Paris
” Sunrise sought to prevent the Project from moving forward by taking the following steps: One, filing a claim at the Federal High Court against Nigeria’s Minister of Power, the Attorney-General of the Federation, CGGC, and CGC and two, they sought an order preventing any development of the Project except through Sunrise and, in the alternative, claimed the sum of USD 960 million in alleged damages.
After a series of meetings, the Attorney General and Minister of Justice and the Ministers of Power, Finance and Water Resources agreed to propose the sum of USD 200 million as a full and final settlement of Sunrise’s claims, subject, understandably, to approval of the President.
On 9 November 2019, a meeting was held in London between, on the one hand, Sunrise, represented by Mr Adesanya, and, on the other, Nigeria’s Attorney-General and Minister of Justice, and the Minister of Water Resources.
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