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By Aloy Ejimakor The long-running dispute between Nigeria and Sunrise Power over the 3,050MW (later rescoped to 1,500MW) Mambilla Hydroelectric Power Project, serves as a textbook study in institutional exposure to legacy liabilities. Although the International Chamber of Commerce (ICC) arbitral tribunal in Paris dismissed Sunrise’s $2.35 billion claim and its secondary $400 million settlement default claim and ordered the claimant to pay Nigeria’s legal costs, the 23-year Mambilla saga exposes structural vulnerabilities in how the government executes contracts and handles out-of-court settlements. Below are key institutional, regulatory, and legal lessons the Federal Government must implement to prevent similar exposure…

By FESTUS ADEDAYO History records that the most fatal stabs always come from within oneself. In other words, there is a motif of proximity to stabs. Deepest wounds are often delivered, not by external rivals, but by those within the same household or friends. On September 22, 1828, the reality of the above dawned on the Zulu of present day South Africa. Afflicted by a strange psychosis that struck him after the death of Nandi, his mother, King Shaka Zulu went berserk. He ordered a year-long mourning of Nandi, forbade planting of new crops, banned milk from the kingdom and…