9.9BIL DOLLAR P I&D FINE: HOW FG OFFICIALS SPENT BRIBES ON FOREIGN TRIPS, WEDDING, HOLIDAYS BY UK COURT

Olaleye Aluko Two former officials of the Federal Government in the Process & Industrial Developments $9.6bn case, who were accused of collecting bribes from the Irish firm, said they spent some of the monies to cover a son’s wedding, a medical trip to London, among others. The two ex-officials, according to the P&ID’s court judgment document, were a senior legal adviser in the Federal Ministry of Justice and a member of the ministry’s technical committee. They explained how they spent the monies in their witness statements before the court. A…

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9.6BIL DOLLAR P I&D FINE: EX CJN BELGORE DRAGGED BEFORE CODE OF CONDUCT BUREAU

Yusuf Alli, Abuja   THE Code of Conduct Bureau (CCB) has received a petition on former Chief of Justice of Nigeria Alfa Belgore. Belgore was accused of testifying against the country in favour of Process and Industrial Developments (P&ID), which secured a $9.6b arbitral award against Nigeria. The petition was filed by Human and Environmental Development Agenda (HEDA), whose Chairman, Comrade Suraj Olanrewaju, was invited by the CCB to adopt the petition on oath. The CCB demanded evidence of any alleged infraction that might have been committed by Justice Belgore…

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9.6BIL DOLLAR FINE: FG RAISES 13 GROUNDS WHY BRITISH COURT SHOULD DISREGARD P I&D CASE SHOWS FRAUDULENT CLAUSE IN AGREEMENT

Twenty Four hours to its sitting, the Federal Government team has raised 13 grounds on why a London court should reverse the $9.6billion judgment secured against Nigeria by Process and Industrial Developments (P&ID). The delegation has also  exposed the trick clause used by P&ID to secure the Gas Supply and Processing Agreement (GSPA), which led to  the controversial arbitration award. The government has discovered that the Memorandum of Understanding on the gas contract was signed in 2009 by P&ID Nigeria Limited with the Ministry of Petroleum Resources. But, a trick clause was…

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9.6BIL UK JUDGEMENT: AGF MALAMI MEETS NIGERIA’S LEGAL TEAM IN LONDON

The Attorney-General and Minister of Justice, Abubakar Malami, yesterday met with Nigeria’s legal team in London over the $9.6bn debt judgment against Nigeria arising from the 20-year Gas Supply Processing Agreement entered into in 2010 with Process and Industrial Developments Ltd. A statement from his media office said the minister and his team had a meeting with Nigeria’s local and international legal team in the High Commission in London where briefings from the teams in Nigeria and UK were received. Malami said the meeting was “for the purpose of developing…

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9.6BIL DOLLAR UK COURT JUDGEMENT FINE: SEE THOSE LEADING NIGERIAN TEAM TO UK

  Olalekan Adetayo, Abuja The Attorney General of the Federation, Mr Abubakar Malami; the Inspector-General of Police, Mohammed Adamu, and the Governor of Central Bank of Nigeria, Godwin Emefiele, on Saturday led a  delegation to the United Kingdom for a  fresh legal battle with a British firm, Process and Industrial Developments Ltd on Thursday. The PUNCH  gathered that other government officials that were  part of the trip included the Minister of Information and Culture, Lai Mohammed, and the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu. A…

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FG DELEGATION JETS OUT TO UK OVER P I&D CASE AS FINE INCREASES TO 10BIL DOLLARS

A delegation of Federal Government officials have left Abuja on Saturday for the United Kingdom in continuation of efforts to quash a $6.2 billion arbitration award against Nigeria. The award in favour of Process and Industrial Development (P&ID) Limited has risen to about $10b with a daily interest accrual of over $1 million. A British judge in August endorsed the award, granting the company the go-ahead to seize Nigeria’s assets worth $9 billion in the UK. He, however, warned that the action must be carried out only after court vacation…

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9.6BILLION DOLLAR UK COURT JUDGEMENT FINE: EX-CJN BELGORE MAY FACE TRIAL

FG tightens noose on P&ID, moves to register judgment against Irish firm in London • Nigerian legal team departs for London with three-point agenda by Yusuf Alli, A former Chief Justice of Nigeria (CJN), Justice Alfa Belgore may face trial for his alleged role in the $9.6billion debt judgment against Nigeria. Belgore is alleged to have provided legal consultancy service to the Process and Industrial Developments (P&ID) during the case that got it the debt judgement. He has already been quizzed by the Economic and Financial Crimes Commission (EFCC) on…

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9.6BIL DOLLAR UK COURT JUDGEMENT FINE: FORMER NNPC DIRECTOR LANDS IN PRISON

  Ade Adesomoju, Abuja The Apo Division of the High Court of the Federal Capital Territory in Abuja, on Friday, ordered the prison remand of a former Director, Legal Services of the Ministry of Petroleum Resources, Mrs. Grace Taiga, charged with offences connected with the controversial P&ID $9.6bn judgment. Justice Olukayode Adeniyi ordered that the defendant be remanded in the Suleja Prison in Niger State. This came after the defendant pleaded not guilty to the eight counts preferred against her by the Economic and Financial Crimes Commission. The judge subsequently fixed…

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9.6BIL DOLLAR FINE CANNOT STAND AFTER P I&D CONVICTION FOR FRAUD SAYS MALAMI

  Ade Adesomoju, Abuja The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), said with Thursday’s conviction of Process and Industrial Developments Limited for fraud by the Federal High Court in Abuja, the liability of $9.16bn awarded in its favour by a British court can no longer be enforced. The British court in August 2019 affirmed the arbitral award of $9.6bn against Nigeria for alleged breach of a Gas Supply Project Contract reached between the Federal Government and P&ID in 2010. The Federal Government alleged that…

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2 SERVING MINISTERS SUSPECTED TO BE MOLES WORKING IN FAVOUR OF 9.6BIL DOLLARS UK COURT JUDGEMENT

Insinuations in some quarters that the $9.6bn damages secured by P&ID against the federal government in respect of the latter’s purported failure to honour a contractual agreement it had with the former was arranged by some interests to defraud the government may not be far from the truth if feelers from the inner circles of the Presidential Villa are anything to go by. Sentry gathered during the week that some suspected moles in the President’s cabinet are urging the federal government to pay the $9.6bn ordered by the courts for…

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