Skip to main content

Presidency reacts to judgement in PDI $10bn case by UK Court

Buhari

 


The Presidency on Friday reacted to the judgment by the UK Court granting Nigeria’s application for an extension of time and relief from sanctions in a $10 billion arbitration case with Process and Industrious Development Limited (P&ID) in Nigeria.

A statement issued by Garba Shehu, Senior Special Assistant to the President on Media and Publicity, said “In our view, the judgment is right, just and provides a strong prima facie case that the fraudulent gas deal with P&ID and the subsequent judgment debt of $10 billion against Nigeria was a clear attempt to cheat the country of billions of dollars by a company that had not invested one Naira in our country.”

The statement said on the arbitration award, it was a source of huge satisfaction that the UK Court, among others, had ruled that Nigeria has established a strong prima facie case that the Gas Supply and Processing (GSPA) was procured by bribes paid to insiders as part of a larger scheme to defraud Nigeria.

The presidency added that the court ruled that there was also a strong prima facie case that (P&ID) main witness in the arbitration, Mr Quinn, gave a perjured evidence to the Tribunal, and that contrary to that evidence, P&ID was not in the position to perform the contract.

The Presidency expressed delight with the processes that led to this outcome in the English Court, noting that it had given relief to the Nigerian government to further protect its national assets from criminally-minded organisations and individuals.

It added that the views of the UK court thus provided sufficient grounds for the Federal Government to go ahead and challenge the frauds perpetrated by the company and overturn the arbitration award.

The statement said President Muhammadu Buhari, therefore, commended the team of lawyers who represented Nigeria in the matter with P&ID, and reassured all well-meaning Nigerians and the international community of his unwavering commitment to fight corruption in all its forms and manifestation.

Comments

Post a Comment

Popular posts from this blog

Lagos peaks again as Nigeria records 329 more Coronavirus cases

                                Nigeria recorded 329 more cases of Coronavirus on Friday, with Lagos topping the chat with 113 new infections. With the figures, Nigeria’s total confirmed Coronavirus cases is put at 48,445. Though, the fresh cases recorded by the nation is still on the lower side when compared with the 373 cases raked in on Thursday, the rise in infections in Lagos greatly boosted the new figures. Lagos’ 113 new cases is almost twice the 69 cases it recorded on Thursday. The 329 new cases were recorded in 21 states in the nation. Kaduna came a distant second with 49 cases, with FCT following with 33 cases; Plateau, 24 cases; Kano, 16 cases; Edo, 15 cases; Ogun, 14 cases; Delta, 13 cases and Osun, 10 cases. Others are: Oyo-8, Ekiti-6, Bayelsa-6, Akwa Ibom-5, Borno-4, Enugu-4, Ebonyi-3, Rivers-2, Bauchi-1, Nasarawa-1, Gombe-1 and Niger-1. Nine deaths were recorded on Thursday to take total numb...
Post a Comment
Read more

Horror as a whistle blower uncovers horrific abuse Chinese company in Aba allegedly subject their Nigerian staff to

                                     A whistleblower has exposed the horrific abuse and discrimination he allegedly uncovered in a Chinese company operating in Nigeria.   The Twitter user said the company located in at Umuahala, Obuzor Asa, in Ukwa West LGA of Abia State, is managed by Chinese while most of their workers are Nigerians.     However, he said the Nigerian staff are made to work under the most "dehumanizing conditions ever known to mankind".   He reported that every Nigerian staff is expected to call every Chinese staff "Master or Mistress".   He added that "male Nigerian workers are physically assaulted, while their female counterparts are sexually assaulted without any consequence."   When a Nigerian staff errs, the Chinese staff allegedly employ the services of Nigerian soldiers to discipline them mercilessly.    ...
Post a Comment
Read more

Straying cows cause ghastly motor accident in River

Straying cows owned by suspected Fulani herdsmen caused a ghastly accident along the Port Harcourt Airport road in Rivers state. The straying cows came out from the bush, facing sn oncoming Toyota Camry. The car got damaged when the driver tried to avoid hitting the straying cows.  A witness at the scene of the accident, Ezebunwo Ichemati, shared the experience on Facebook, wrote The Rivers State Government and House Of Assembly should as a matter of urgency propose and pass into law the Anti Open Grazing bill to save our Daughters and Sons from the carelessness of these Fulani Cattle rearers on our roads. On my way back from Etche along the Port Harcourt airport road that leads to obiri Ikwerre, I saw two cows lying lifeless on the road and also a damaged toyota camry car on same road and this caused serious traffic. I alighted from the car, got very close to the accident scene,only to discover that a Facebook friend of mine Miss Nengi was the passenge...
Post a Comment
Read more