TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

P&ID $9.6bn judgment: FG uncovers new fraud evidence, files fresh suit

The Citizen by The Citizen
December 7 2019
in Business, Headlines
A A
0
P&ID $9.6bn judgment: FG uncovers new fraud evidence, files fresh suit

The Federal Government on Friday filed a fresh appeal in the English court against the award of $9.6billion to Process and Industrial Developments (P&ID) by a United Kingdom court.

The government said the new application was based on new evidence that has come to light in recent investigations

A statement by the Special Assistant Media and Public Relations Office of the Attorney-General of the Federation and Minister of Justice, Dr. Umar Jibrilu Gwandu, said the new action was part of the steps to upturn the $9.6bilion judgment against the Federal Government.

The statement said:  “The filing challenges both the underlying arbitral award and its enforcement, and lodges a fresh appeal against the subsequent High Court judgment.

“Based on new evidence that has come to light in recent investigations, it is clear that the original contract was a sham commercial deal and designed to fail from the outset.

“The fraud was only recently discovered as a result of President Buhari’s anti-corruption efforts spearheaded by the Economic and Financial Crimes Commission (EFCC).

“The challenge argues that the Gas Supply and Processing Agreement (GSPA) was procured on the basis of fraud and corruption, while the subsequent arbitral process was riddled with irregularities and deliberately concealed from the rest of the government.

“The filing is a significant step forward in the Federal Government fight to secure justice for the people of Nigeria.

“The Federal Government recently expanded its legal team to include a leading London law firm, Mishcon de Reya. The team is led by Shaistah Akhtar, Partner, and Mark Howard QC of Brick Court Chambers. The expansion will enable the FGN to launch in full its investigations and challenges.

“It is important to note that clear and concrete evidence of fraud and corruption were only recently discovered. This followed an increase in the Buhari government’s well-regarded anti-corruption efforts. The new administration’s efforts have brought to light the fraudulent nature of the P&ID contract.

”President Buhari has established several initiatives aimed at tackling corruption. These include the Presidential Advisory Committee Against Corruption and the Whistle Blowers Policy in 2016, as well as the National Anti-Corruption Strategy (NACS) 2017-2021″ in 2017.

The English Commercial Court had granted Nigeria’s application for leave to file an appeal against P&ID.

Another application for a stay of execution of the award was also upheld.

P&ID secured the damages against Nigeria following a failed Gas Supply Project Agreement (GSPA) contract between it and the Federal Ministry of Petroleum Resources.

Federal Government team had raised 13 grounds on why the London court should reverse the $9.6billion judgment.

The government has uncovered 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 inserted in the MoU which allowed the British Virgin Island (BVI) registered P&ID to replace the original contractual party, P&ID Nigeria Limited, to sign the contract in January 11, 2010.

The Federal Government said the P&ID case cannot stand because the contract was fraudulent. The Nation

Previous Post

Alleged double registration: Court decides Bello’s fate Jan. 20

Next Post

Anger, criticisms as DSS re-arrest Sowore

Related Posts

State Police Bill passes second reading at Senate
Headlines

State Police Bill passes second reading at Senate

June 11 2026
Pres. Tinubu swears in two new ministers
Headlines

Pres. Tinubu to address Nigerians on Democracy Day

June 11 2026
FG declares public holidays for Eid-El-Fitr
Headlines

FG declares June 12 public holiday to mark Democracy Day

June 11 2026
UK Defence Minister resigns with stinging rebuke of PM Starmer
Headlines

BREAKING: Reps pass state police bill

June 11 2026
IMF warns Nigeria as Tinubu plans to borrow $5 billion from UAE lender
Headlines

Northern elders ask Tinubu to declare national emergency over insecurity

June 11 2026
Insecurity: It’s sad our children now pawn in deadly ransom economy – Peter Obi
Headlines

Insecurity: It’s sad our children now pawn in deadly ransom economy – Peter Obi

June 11 2026
Next Post
Anger, criticisms as DSS re-arrest Sowore

Anger, criticisms as DSS re-arrest Sowore

Nigeria seeks Russia’s help to eliminate Boko Haram

Boko Haram and foreign sponsors – The Sun

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Court grants indigenous status to Hausas born in Jos North

Court grants indigenous status to Hausas born in Jos North

by The Editor
June 11 2026
0

...

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

by The Editor
June 11 2026
0

...

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

by The Editor
June 4 2026
0

...

Ondo LG shuts schools over security concerns

Ondo LG shuts schools over security concerns

by The Editor
June 2 2026
0

...

APPOINTMENTS

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

by The Editor
June 11 2026
0

...

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

by The Editor
June 9 2026
0

...

Pres. Tinubu swears in two new ministers

Pres. Tinubu swears in two new ministers

by The Editor
June 8 2026
0

...

Tinubu appoints Zainab Marwa into NDDC Board

Tinubu appoints Zainab Marwa into NDDC Board

by The Editor
June 4 2026
0

...

ODDITIES

Bus driver stabs transport officer to death in Calabar

Lady lures friend for boyfriend to kill, harvests body parts

by The Editor
June 9 2026
0

Oyo residents chant ‘Jagaban 2027’ slogan after receiving semovita

Oyo residents chant ‘Jagaban 2027’ slogan after receiving semovita

by The Editor
June 9 2026
0

Ibadan visitation: Nobody can stop me from going anywhere in Nigeria – Sheikh Gumi

Ibadan visitation: Nobody can stop me from going anywhere in Nigeria – Sheikh Gumi

by The Editor
June 9 2026
0

GLOBAL NEWS

Iran vows devastating response to Trump’s threat of seizing Kharg Island

Iran vows devastating response to Trump’s threat of seizing Kharg Island

by The Editor
June 11 2026
0

...

UK Defence Minister resigns with stinging rebuke of PM Starmer

UK Defence Minister resigns with stinging rebuke of PM Starmer

by The Editor
June 11 2026
0

...

Iran strikes 18 US military targets in two missile waves, Fifth Fleet in Bahrain hit by drones

Iran strikes 18 US military targets in two missile waves, Fifth Fleet in Bahrain hit by drones

by The Editor
June 11 2026
0

...

Greece to ban social media for under-15-year-olds

Canada moves to ban under-16s from social media

by The Editor
June 11 2026
0

...

UK Police hunt Nigerian man after prison escape

UK Police hunt Nigerian man after prison escape

by The Editor
June 10 2026
0

...

State of the States

Fubara orders fresh LG elections in Rivers State

Rivers State to shut down unapproved private schools

by The Editor
June 11 2026
0

...

Akwa Ibom Assembly passes motion to regulate dispatch services

Akwa Ibom Assembly passes motion to regulate dispatch services

by The Editor
June 10 2026
0

...

Kano screens 720 out of 3,000 couples for mass wedding

Kano screens 720 out of 3,000 couples for mass wedding

by The Editor
June 10 2026
0

...

Gov. Uzodimma declares Imo as haven for local, foreign investors

Gov. Uzodimma declares Imo as haven for local, foreign investors

by The Editor
June 9 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
State Police Bill passes second reading at Senate

State Police Bill passes second reading at Senate

June 11 2026
UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

June 11 2026
Pres. Tinubu swears in two new ministers

Pres. Tinubu to address Nigerians on Democracy Day

June 11 2026
Iran vows devastating response to Trump’s threat of seizing Kharg Island

Iran vows devastating response to Trump’s threat of seizing Kharg Island

June 11 2026

EDITORIAL REVIEW

The reign of kidnappers – Thisday

The reign of kidnappers – Thisday

by The Editor
June 11 2026
0

Foreigners looting national assets intolerable – Punch

Foreigners looting national assets intolerable – Punch

by The Editor
June 10 2026
0

Violence deepens, Tinubu must act – Punch

by The Editor
June 9 2026
0

Nigerian workers deserve a living wage – Punch

Nigerian workers deserve a living wage – Punch

by The Editor
June 8 2026
0

Gospel Kinanee’s 18-year ordeal: Fix this broken justice system – Punch

Gospel Kinanee’s 18-year ordeal: Fix this broken justice system – Punch

by The Editor
June 7 2026
0

Opinion

Bandits attack mosque, kill 1, abduct 9 in Kaduna

When terrorism becomes the talk of town

by The Editor
June 9 2026
0

...

Of bandits and their informants/sponsors

Of bandits and their informants/sponsors

by The Editor
June 1 2026
0

...

Nigeria at critical juncture – Vanguard

Nigerian economy: The street is not smiling!

by The Editor
June 1 2026
0

...

Tinubu sticking to anti-masses policy, says Afenifere

As criminals seize Nigerian babies

by The Editor
May 31 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.