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Tag "Leno Adesanya"

Hope for Mambilla project as Sunrise Power waives $500m penalty for Nigeria

    Hope for Mambilla project as Sunrise Power waives $500m penalty for Nigeria

Sunrise Power Transmission Company of Nigeria Ltd (SPTCL) has agreed to waive the $500 million penalty fee incurred by the federal government over multiple defaults of a $200 million settlement

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‘We can’t divert $600m that doesn’t exist’ — Fashola speaks on Mambilla power project

    ‘We can’t divert $600m that doesn’t exist’ — Fashola speaks on Mambilla power project

Babatunde Fashola, minister of power, works and housing, says the reports that the Mambilla power project has been stalled, due to an attempt to divert funds, is not true. The

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Nigeria risks $2.3bn fine as Mambilla power project faces crisis

    Nigeria risks $2.3bn fine as Mambilla power project faces crisis

The federal government is at risk of a $2.3 billion fine in arbitration over an alleged breach of contract for the $5.8 billion Mambilla power project in Taraba state. The

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