Former President Muhammadu Buhari has travelled back to Nigeria following his representation of the country at the ICC in Paris.
Sunrise Power Transmission Company has claimed violations in the Mambilla Hydropower Project contract, resulting in a $2.3 billion claim, which is being arbitrated.
Even though he stepped down as president in May 2023, Buhari was instrumental in protecting Nigeria's interests throughout the process.
His participation exemplifies his unwavering commitment to safeguarding the country's interests, especially in settling conflicts related to substantial infrastructure projects.
Legal and regulatory roadblocks have prolonged the 3,050 MW Mambilla Hydropower Project's launch date by several years. In order to stimulate economic growth and improve Nigeria's energy sector, the project is crucial.
The project's revival and the avoidance of financial liabilities are dependent on the arbitration case's resolution. Buhari's actions in Paris demonstrate his determination to help Nigeria successfully handle intricate international conflicts.
His return has been praised as a testament to his long-term dedication to the country, while the specifics of the proceedings are still unknown. It is believed that the case will significantly affect the future of energy and infrastructure development in Nigeria.
Source: Facebook Account of Honourable Buhari Sallau, Media Aide to the Ex-President.
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