Obasanjo Shatters Silence: Explosive Revelation on $6 Billion Contract Scandal - You Won't Believe What He Said!

In a stunning turn of events, former Nigerian President Olusegun Obasanjo has broken his silence on a long-standing controversy involving a $6 billion contract awarded to Sunrise Power and Transmission Ltd for the Mambilla Hydropower Project back in 2003. In an exclusive interview with TheCable, Obasanjo dropped a bombshell that is sending shockwaves through the nation.

Obasanjo, who led Nigeria from 1999 to 2007, made a bold assertion: "When I was president, no minister had the power to approve more than N25 million without express presidential consent." This statement directly challenges the credibility of the contract's approval process and raises serious questions about who was truly responsible for greenlighting this massive project. CONTINUE READING...............

The ongoing arbitration battle between Sunrise Power and the Nigerian government at the International Chamber of Commerce (ICC) in Paris, France, has been a contentious issue, with Sunrise Power initially seeking a staggering $2.3 billion in compensation. Their argument hinged on the substantial financial and legal consulting expenses they claim to have incurred before the contract was abruptly terminated.

In a subsequent arbitration, Sunrise Power requested a $400 million settlement, citing the terms of an agreement they reached with the federal government in 2020 to bring an end to the dispute.

Obasanjo's recent revelation has thrust this complex issue back into the spotlight. His assertion that he did not grant permission for such a monumental project during his presidency demands a closer examination of the decision-making process that unfolded at that time.

The stakes are high, and this revelation from a former head of state has left many wondering about the true story behind the Sunrise Power contract. It underscores the urgent need for a comprehensive and impartial investigation to uncover the facts surrounding this contentious deal.CONTINUE READING............

As this story continues to develop, Nigerians are left in anticipation, eager to see if further revelations will shed light on the mystery of the $6 billion contract and who was truly responsible for its approval.

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