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Obasanjo notifies FG that he is prepared to testify in court

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Olusegun Obasanjo, the former president of Nigeria, has said that he is willing to testify on behalf of the nation regarding Olu Agunloye, the former Minister of Power and Steel, in reference to the contentious Mambilla power contract, which is estimated to be worth 2.3 billion dollars.

Sunrise Power and Nigeria are reportedly at odds in the International Chamber of Commerce (ICC) in Paris, France. Sunrise Power claims that the Nigerian government has broken the terms of the agreement. This is according to Daily Post.

Sunrise Power asserted that the government, under the leadership of former President Olusegun Obasanjo, granted them a $6 billion contract in May 2003, encompassing the construction, operation, and transfer of power facilities.

Nevertheless, they contended that the Federal Government of Nigeria reneged on the agreement and is demanding compensation totaling $2.3 billion. Additionally, they asserted that they had already expended millions of dollars on financial and legal advisors before the abandonment of the contract.

Conversely, the Nigerian government, as part of its defense, alleges fraudulent activity and corruption by public officials relating to the granting of the contract.

In a correspondence addressed to the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, Obasanjo expresses his willingness in any form to provide testimony on behalf of the Nigerian government.

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