By Suleiman Ibrahim.
In an exclusive interview with PREMIUM TIMES from Paris, former President Olusegun Obasanjo clarified his decision to testify in the ongoing arbitration concerning the contentious $6 billion Mambilla Power Project. Obasanjo asserted that his testimony was voluntary and not prompted by President Bola Tinubu or any government official.
Obasanjo’s testimony aims to counter what he described as “atrocious” claims made by former Minister of Power, Olu Agunloye, who is currently facing trial in Nigeria for alleged fraud tied to the project’s contract. The arbitration involves a dispute between the Nigerian government and Sunrise Power and Transmission Company Limited, which is seeking $2.3 billion in compensation for an alleged breach of contract related to the power plant’s construction.
The document said, “He wrongfully procures contracts that his companies are incapable of performing, colludes with key Government officials to obtain confidential Government documents, creates a semblance of credibility through document exchanges with Government officials, files claims against the Government, and then unlawfully seeks to pressure the Government to enter into settlement agreements with his companies in order to obtain a pay-out.”
“I volunteered to testify in this case. Nobody sent me to do so. President Tinubu did not ask me to testify, as has been speculated. I didn’t consult anyone about my intention to testify,” Obasanjo stated.
The arbitration follows similar testimony from former President Muhammadu Buhari, with both leaders addressing claims made against the contract awarded during Obasanjo’s administration in 2003. The outcome of these proceedings could have significant financial implications for Nigeria.
“I decided to testify because of the statements made by Olu Agunloye. I found his claims to be outrageous and felt it was necessary to clarify the facts,” Obasanjo added.
The arbitration case, which is being held at the International Chamber of Commerce (ICC) in Paris, stems from allegations of contract breaches by the Nigerian government concerning the Mambilla power generation and distribution contract awarded to Sunrise Power in 2003.
The Tinubu administration has publicly refuted claims that Buhari was pressured to testify, emphasizing that both former presidents are participating out of patriotism and a commitment to Nigeria’s interests.
As the arbitration unfolds, the Nigerian government faces potential liabilities that could reach billions if Sunrise Power’s claims are upheld.
In related developments, the Economic and Financial Crimes Commission (EFCC) has brought allegations against Agunloye, including claims of fraud and corruption linked to the original contract award and subsequent settlement negotiations.
The ongoing legal battles surrounding the Mambilla Power Project continue to draw significant attention, as the implications of the arbitration could reshape Nigeria’s energy landscape and fiscal responsibilities.
