EFCC sets up team to review names in Mambilla deal arbitration, report says

Summary

The EFCC has set up a team to investigate people named in an ICC arbitration ruling over the Mambila power project, according to Premium Times.

Highlights

• The arbitration involved claims linked to the 3,960MW Mambila Hydroelectric Power Project in Taraba State.
• Sunrise Power had sought $680 million as a settlement sum and interest, while also pursuing a separate claim worth more than $2.7 billion.
• The tribunal reportedly rejected Sunrise’s claim and ordered the company and its promoter to refund Nigeria $11.8 million in legal fees.
• The report says the tribunal named several current and former public officials and politicians as having dealings with Leno Adesanya.
• Premium Times said the EFCC team is being supervised by its chairman, Olanipekun Olukoyede.