Breaking News: Obasanjo notifies the Federal Government of his readiness to testify in the alleged $2.3 billion fraud case.

 

Former President Olusegun Obasanjo has publicly stated his willingness to testify on behalf of Nigeria in the $2.3 billion disputed Mambilla power contract involving former Minister of Power and Steel, Olu Agunloye. The disagreement has led to a legal battle at the International Chamber of Commerce (ICC) in Paris, France, where Sunrise Power and Nigeria are entangled in a contractual dispute.

Sunrise Power claims to have been awarded a $6 billion contract in May 2003 by the government during Obasanjo's presidency. This contract was for the construction, operation, and transfer of the Mambilla power project. The company alleges that the Federal Government of Nigeria breached the contract and is seeking compensation of $2.3 billion. Sunrise Power contends that it had incurred significant expenses on financial and legal consultants before the contract was canceled.

Contrarily, the Nigerian government, in its defense, has raised allegations of fraud and corruption involving public officials in the awarding of the Mambilla power contract. In response to these developments, Obasanjo, through a letter to the Attorney General of the Federation and Minister of Justice Lateef Fagbemi, expressed his readiness to testify on behalf of the Nigerian government "in any form." This revelation adds an intriguing dimension to the ongoing legal battle surrounding the Mambilla power project.