Tag Archives: #Judgment

The UK Court’s Judgment On P&ID Fraud of $10 Billion Is Right And Just – Presidency

The Presidency welcomes 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.

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.

On the arbitration award, it is 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.

‘‘There is also a strong prima facie case that 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 expresses delight with the processes that led to this outcome in the English Court, noting that it has given relief to the Nigerian government to further protect our national assets from criminally-minded organisations and individuals.

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

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

The statement was issued today by Malam Garba Shehu, the Senior Special Assistant to the President on Media & Publicity.

INEC: The Federal High COURT HAS AFFIRMED THE deregistration of 32 political parties

INEC: THE FEDERAL HIGH COURT HAS AFFIRMED THE DEREGISTRATION OF 32 POLITICAL PARTIES.

Report from the Federal High Court Abuja, in a judgment delivered by Justice Anwuli Chikere dismissed the suit filed by the parties against the powers of the Independent National Electoral Commission to deregister them.

The court held that the commission rightly deregistered the parties in line with the provision of section 225(a) of the Nigerian Constitution.

The political parties were among the 74 that were deregistered by the INEC on February 6, 2020, on the grounds of poor performance at the 2019 general elections.

The parties had filed their suit last year to restrain INEC from carrying out the exercise when they got wind of the commission’s plan.

The judge had earlier on February 17, this year, issued an order restraining INEC from acting on the notice deregistering the 32 political parties, pending the determination of the suit.

But with the Thursday’s judgment by the court, the said order is now discharged by validating the commission’s earlier action.

Some of the affected 32 political parties are Advanced Congress of Democrats (ACD), Advanced Nigeria Democratic Party (ANDP), All Blending Party (ABP), All Grand Alliance Party (AGAP), Better Nigeria Progressive Party (BNPP), Democratic People’s Congress (DPC), Freedom and Justice Party (FJP), and Green Party of Nigeria (GPN).

Daily Watch Press is not aware of any move by the deregistered parties to appeal the said Judgment at the time of filling this report.