Mambilla: IMPI seeks review of $500,000 transaction

Group urges authorities to examine financial records cited in ICC arbitration
By Joseph Erunke, Abuja
ABUJA — The Independent Media and Policy Initiative, IMPI, has called for further examination of a $500,000 transaction referenced in the International Chamber of Commerce, ICC, arbitration proceedings over the long-running dispute surrounding Nigeria’s Mambilla Hydroelectric Power Project.
In a policy statement signed by its Chairman, Dr Omoniyi Akinsiju, the group said the transaction, which featured in the ICC tribunal’s final award, warranted further clarification by relevant Nigerian authorities.
According to the group, the payment was made on January 30, 2003, through China ...