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

Supo Shasore breaks silence on alleged $10bn P&ID fraud case

The Citizen by The Citizen
September 6 2020
in Latest News
A A
0
Supo Shasore breaks silence on alleged $10bn P&ID fraud case

Former Lagos State Commissioner for Justice and Attorney General, Supo Shasore, has broken the silence over allegations that he let down his nation by allowing himself to be corrupted by P&ID, while also corrupting some public officials working for NNPC and the Ministry of Petroleum, with bribes totalling $200,000.

Shasore was the first lawyer Nigeria hired to defend its interest against the monstrous and fraudulent claim of almost $10 billion made by Irish company P&ID.

Sir Ross Cranston of the UK High Court of Justice Queen’s Bench Division Commercial Court put Shasore’s conduct under scrutiny in the judgment delivered on Friday, concluding that Shasore was compromised by the guys in P&ID.

But Shasore, on Saturday reacted to the allegations in the P&ID v FRN Case, saying that in the last 24 hours, he had been urged to break his deliberate silence about the efforts of the Federal Government of Nigeria to find recourse against the arbitral award procured by P&ID based on a corrupt and fraudulent contract.

He said his choice of silence had been the result of his own high sense of responsibility as well as his commitment to the professional duty, which he undertook in representing the Federal Government in this case.

Shasore stated that he was relieved that the corrupt and fraudulent foundation of this case was affirmed in the recent ruling, though he was disappointed that part of the case made for that result was a case against him based on demonstrably false statements, unfounded innuendoes and spiteful personal attacks on his professional conduct and reputation.

“I was instructed in this matter and accepted the instructions on behalf of my firm and to the knowledge of my  partners in late 2012 and I made every effort to defend and vindicate my client at every stage with very few tools and with minimal support from within the government itself.

“I represented Nigeria up until the liability stage in the arbitration. I did not represent Nigeria in the damages stage of the arbitration. Which means I was not involved when the huge sum of damages was awarded against Nigeria. The complete records will show the series of steps that I took to defend Nigeria and the several results, which I secured in that effort at various stages.

“None of these is consistent with the unfounded allegations that I failed to present the best available defence. With very little or no cooperation from relevant government officials at the time, I filed a jurisdiction objection that potentially could and should indeed have terminated the case in favour of Nigeria because it was clear to us from the beginning that the contract was a scheme against Nigeria.

“When the then Nigerian officials failed to supply documents or any witness to defend their case, I fought liability by enlisting the support of the legal adviser of NNPC who gave evidence to the best of his knowledge when everyone else with knowledge, refused to do so,” he explained.

According to Shasore, he instructed the UK firm of Stephenson Harwood, a respected international arbitration team and a leading Barrister to attempt to set aside the award on liability in England.

“We overcame numerous hurdles and faced a hostile tribunal, which relied on the testimony of a principal witness who had died before the hearing and whose testimony should have been discounted. It is on record that I fought had for the tribunal to dispense with that evidence. I am happy that the falsity of that testimony has now been recorded in the High Court in England.

‘Indeed, this was the ground on which I took the matter to the Federal High Court in Nigeria, which was the proper seat of the arbitration and successfully obtained an order setting aside the liability award. There was no basis to proceed to the damages hearing since the liability had already been set aside by a court of competent jurisdiction.

“Indeed, Nigeria continues to rely on this order in the proceedings in the United States. In addition, I obtained an injunction restraining the parties and the tribunal from proceeding with the arbitration. Much issue has been made about the legal fees paid. This was payment to two law firms and not exceptional or unusual in the context of such a dispute.

“In fact, in order to extract the best possible case for Nigeria, it was from these fees that expenses were paid to ensure attendance at hearings and meetings in the UK by witnesses for Nigeria,” he explained further.

According to him, even though he reserved the right to respond to further falsehoods against him as they were published, he is, however, a truly patriotic Nigerian, and remained willing and committed to assisting Nigeria in
the numerous stages still required to successfully defend this dispute.

He added that his commitment and professional integrity to always act in the best interest of Nigeria, that had been victimized by fraud and corruption, remained unshaken.

According to the judgment read by Cranston, Nigeria’s lawyer, Mr Howard accused Shasore for deliberately defending the case thinly, at the first two stages of the arbitration, such that the Tribunal had no choice but to find for P&ID.

“The reason was that he had colluded with P&ID, with the inevitable result that Nigeria would lose the case”, Howard said.

”In advancing his case, Mr Howard pointed to various factors: Mr Shasore had advised a speedy settlement, as in his 17 July 2013 letter to the then Attorney General, without investigating the obvious line of defence that P&ID, a BVI company with no experience, assets or finance, would not perform.

“Next, Mr Shasore concealed his involvement from his own firm.

“Further, in the conduct of the arbitration he did not seek disclosure of any of the 100 files Mr Quinn referred to in his statement, relevant to the preparatory work P&ID was said to have performed.

“Finally, there was no useful evidence on the Nigerian side in Mr Oguine’s witness statement, which he drafted.

“It was significant, Mr Howard submitted, that in the arbitration proceedings Mr Shasore failed to challenge Mr Quinn’s evidence of P&ID’s ability and willingness to perform the contract and the US$40 million said to have been expended.

“His attempt at cross- examination of Mr Quinn was bound to fail when he had not challenged anything significant in Mr Quinn’s statement, the issue of cross-examination was foreclosed at the case management hearing in which he participated, and Mr Quinn was dead (which he claimed not to know).

“Then there were Mr Shasore’s reply submissions, added Mr Howard, where he wrongly asserted that his statement of disputed facts essentially challenged all the facts in Mr Quinn’s statement.

“Additionally, Mr Shasore dragged his feet when conduct of the arbitration was transferred from the Ministry to the Attorney General for the quantum stage. At the quantum stage, Mr Howard submitted, Nigeria’s new counsel, Mr Ayorinde, was precluded from reopening the matter.

“Not only did he not know of Mr Shasore’s behaviour, he had no basis to apply to reopen the Tribunal’s prior findings”, Howard concluded.

P&ID’s lawyer, Mr Mill defended Shasore and submitted that it simply could not be said that this was a fabricated dispute, and Nigeria did not treat it as such.

“Through Mr Shasore Nigeria advanced what would have been a knock-out blow with its challenge on jurisdiction with an argument which even the Attorney General, Mr Malami, thought was a good one.

“That was entirely inconsistent with the suggestion, said Mr Mill, that Mr Shasore was somehow conspiring with P&ID and putting up a sham defence for the sake of appearances. – The News.

Previous Post

Babatunde Gbadamosi wins PDP senate ticket for Lagos East bye-election

Next Post

Afenifere leaders knock Tinubu over call to review revenue formula

Related Posts

2027: Tinubu repackages 2023 campaign promises in new manifesto
Headlines

2027: Tinubu repackages 2023 campaign promises in new manifesto

November 12 2026
Tinubu gifts N100m to each victorious Flamingos player
Headlines

Tinubu gifts N100m to each victorious Flamingos player

November 11 2026
NFF Crisis: Tinubu orders comprehensive reform of Nigerian football
Headlines

‎Economy: Whoever says fuel subsidy will return is lying – Tinubu

November 10 2026
US Congress schedules hearing on violence in Nigeria
Headlines

US Congress schedules hearing on violence in Nigeria

November 10 2026
Latest News

INEC to meet over Atiku’s 2027 ticket

November 9 2026
FG outlines criteria for N50k cash grant beneficiaries
Headlines

FG outlines criteria for N50k cash grant beneficiaries

November 5 2026
Next Post
Tinubu breaks silence on APC crisis, NWC dissolution, 2023 ambition

Afenifere leaders knock Tinubu over call to review revenue formula

South Africans injure four Nigerians in fresh attack on foreigners

Nigerians in South Africa bemoan cult killings among compatriots

Leave a Reply Cancel reply

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

FROM THE GRASSROOTS

Fasoranti: Family announces Dec 17 for funeral

Fasoranti: Family announces Dec 17 for funeral

by The Editor
October 23 2026
0

...

Ooni, Omisore mourn Afenifere leader Fasoranti

Ooni, Omisore mourn Afenifere leader Fasoranti

by The Editor
October 21 2026
0

...

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

APPOINTMENTS

Makinde swears in four Oyo permanent secretaries

Makinde swears in four Oyo permanent secretaries

by The Editor
November 10 2026
0

...

Enugu APC releases updated campaign council list

by The Editor
October 31 2026
0

...

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

by The Editor
October 22 2026
0

...

CJN swears in 68 new SANs

CJN swears in 68 new SANs

by The Editor
October 12 2026
0

...

ODDITIES

Man stabs neighbor to death over roasted meat

Man stabs neighbor to death over roasted meat

by The Editor
November 5 2026
0

US pastor marries second wife, says monogamy unbiblical

US pastor marries second wife, says monogamy unbiblical

by The Editor
October 26 2026
0

Indian man assaults truck drivers in Lagos

Indian man assaults truck drivers in Lagos

by The Editor
October 13 2026
0

GLOBAL NEWS

Canada flags Nigeria, 16 African countries as high-risk in new travel advisory

Canada to fast-track permanent residence for 200,000 foreigners in 2027

by The Editor
November 12 2026
0

...

Court overturns gay sex ban in Trinidad & Tobago

Court overturns gay sex ban in Trinidad & Tobago

by The Editor
November 11 2026
0

...

US warns citizens against travel to 23 countries

US warns citizens against travel to 23 countries

by The Editor
November 10 2026
0

...

Russia agrees to ban recruitment of Ghanaian nationals for Ukraine war

Russia agrees to ban recruitment of Ghanaian nationals for Ukraine war

by The Editor
November 2 2026
0

...

Britain shouldn’t apologise for slave trade; Africa profited, says Kemi Badenoch

Britain shouldn’t apologise for slave trade; Africa profited, says Kemi Badenoch

by The Editor
November 2 2026
0

...

State of the States

Katsina mob kills Customs officer for shooting passenger

Hisbah bans girls’ night hawking in Katsina

by The Editor
November 12 2026
0

...

Kano closes schools for Eid-el-Kabir

Kano governor unveils N50,000 grants for 5,200 women

by The Editor
November 10 2026
0

...

Delta SUBEB denies N13.4bn unspent funds claim

Delta SUBEB denies N13.4bn unspent funds claim

by The Editor
October 31 2026
0

...

Ogun State mulls relocation of communities over gas leak

Ogun State mulls relocation of communities over gas leak

by The Editor
October 23 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
2027: Tinubu repackages 2023 campaign promises in new manifesto

2027: Tinubu repackages 2023 campaign promises in new manifesto

November 12 2026
Katsina mob kills Customs officer for shooting passenger

Hisbah bans girls’ night hawking in Katsina

November 12 2026
Flamingos: All hail world champions! – Punch

Flamingos: All hail world champions! – Punch

November 12 2026
Canada flags Nigeria, 16 African countries as high-risk in new travel advisory

Canada to fast-track permanent residence for 200,000 foreigners in 2027

November 12 2026

EDITORIAL REVIEW

Flamingos: All hail world champions! – Punch

Flamingos: All hail world champions! – Punch

by The Editor
November 12 2026
0

FG outlines criteria for N50k cash grant beneficiaries

Tinubu’s N50,000 relief for the vulnerable – Punch

by The Editor
November 11 2026
0

There are drug addicts, vagabonds among traditional rulers, says Obasanjo

13% derivation: Fiscal federalism to the rescue – Punch

by The Editor
November 10 2026
0

Nigeria’s damning food affordability crisis – Punch

Nigeria’s damning food affordability crisis – Punch

by The Editor
November 2 2026
0

Four states hold high-level talks to tackle insecurity

Boko Haram compounding Nigeria’s case – Punch

by The Editor
October 23 2026
0

Opinion

NAFDAC mops up Europharm products nationwide

What is a Nigerian’s life worth?

by The Editor
November 2 2026
0

...

Blackouts: Broken promises, powering failure – Punch

The revenge of Band A

by The Editor
October 27 2026
0

...

2027: Wike, APC governors clash over Rainbow Coalition

Why are governors getting worse?

by The Editor
October 13 2026
0

...

As we celebrate the girl-child, let us not forget the boy-child

As we celebrate the girl-child, let us not forget the boy-child

by The Editor
October 12 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.