Connect with us

Headlines

Appoint Negotiator over $9.6bn Judgment Debt, Stop Sham Probe, P&ID Tells FG

Published

on

The Process and Industrial Developments, on Sunday, expressed its readiness to negotiate with Nigeria over the $9.6bn judgment of a United Kingdom court that may authorise the company to seize the nation’s assets to offset the judgment debt.

The company, however, advised the President Muhammadu Buhari-led Federal Government to “appoint an authorised party to enter into real negotiations” instead of what it called the Nigeria’s “baseless slander and sham investigations against the P&ID and its founders.”

This was contained in a reply to The PUNCH’s enquiry about the company’s attitude towards the Federal Government’s offer to negotiate with the P&ID over the judgment.

The PUNCH’s enquiry was sent to the P&ID’s lead counsel, Ian Mill, a Queen’s Counsel, of the UK-based Blackstone Chambers, on Friday.

The PUNCH’s mail was replied on behalf of Mill on Sunday, by an Assistant Director at the UK-based public relations firm, iNHouse Communications, advising Nigeria to accept the reality of the ruling of the arbitration panel and the UK court’s judgment and desist from its “campaign of baseless slander.”

The reply quoting, “a spokesperson for the P&ID,” read in part, “If the Nigerian government is serious about a willingness to negotiate, then it must do so in good faith.

“This means that the Buhari administration must acknowledge the reality of the rulings of the independent tribunal and the English Commercial Court, desist from its campaign of baseless slander and sham investigations against the P&ID and its founders, and instead appoint an authorised party to enter into real negotiations.”

The firm, however, added that it would continue to seek to identify and seize Nigeria’s assets while it determined the country’s seriousness about negotiation over the judgment in a matter of days.

It stated, “The coming days will tell if the Nigerian government is serious, or if this is simply another delaying tactic.

“In the meantime, the P&ID will continue its efforts to identify and seize Nigerian assets to satisfy the debt.”

The Punch

Continue Reading
Advertisement


Click to comment

Leave a Reply

Your email address will not be published.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

Headlines

PDP NWC Suspends Legal Adviser, Anyanwu, Others

Published

on

The National Working Committee of the Peoples Democratic Party (NWC) has suspended the National Legal Adviser, Kamaldeen Ajibade; National Secretary, Samuel Anyanwu; Deputy Legal Adviser, Okechukwu Osuoha; and National Organizing Secretary, Umaru Bature for one month.

The suspension comes on the heels of the judgement of the Federal High Court On Friday, which stopped  the party’s planned national convention.

The National Publicity Secretary of the party, Debo Ologunagba, told journalists in Abuja on Saturday, that the decision followed an emergency meeting of the national working committee, which was held in Abuja.

Continue Reading

Headlines

Alleged Christian Genocide: Trump Designates Nigeria As ‘Country of Particular Concern’

Published

on

President Donald Trump of the United States on Friday designated Nigeria as a Country of Particular Concern (CPC), in response to allegations of widespread persecution and genocide against Christians.

Writing on his Truth Social account, Trump stated that Christianity faces a serious threat in Nigeria.
The US leader also added Nigeria to a State Department watch list.

“Christianity is facing an existential threat in Nigeria. Thousands of Christians are being killed. Radical Islamists are responsible for this mass slaughter,” Trump wrote.

According to the US president, he was placing Nigeria, Africa’s top oil producer and most populous nation, on a “Countries of Particular Concern” list of nations the US deems to have engaged in religious freedom violations.

According to the State Department’s website, the list includes China, Myanmar, North Korea, Russia, and Pakistan, among others.

Trump said he had asked US Representatives Riley Moore and Tom Cole, as well as the House of Representatives Appropriations Committee, to look into the matter and report back to him.

Continue Reading

Headlines

Court Sacks Reps Member for Defecting, Says ‘Political Prostitution Must Not Be Rewarded’

Published

on

A Federal High Court in Abuja has removed Hon. Abubakar Gummi from the House of Representatives after he left the Peoples Democratic Party for the All Progressives Congress.

The lawmaker represented the Gummi/Bukkuyum Federal Constituency in Zamfara State.

Justice Obiora Egwuatu delivered the ruling, holding that Gummi’s defection breached the Constitution.

The court said the seat does not belong to any politician but to the political party that sponsored the election.

According to the judgment, the Speaker of the House of Representatives, Tajudeen Abbas, is barred from recognising Gummi “as a member representing Gummi/Bukkuyum Federal Constituency.”

The judge also instructed the Independent National Electoral Commission to “conduct a fresh election” for the vacant seat within 30 days.

The case was instituted by the PDP and its Zamfara chairman, who insisted that Gummi’s move to the APC had no legal justification. They argued that there was no division in the PDP to support his defection, as required by Section 68(1)(g) of the Constitution.

Gummi, through his counsel, claimed he left the PDP due to internal crises which he said made it “impossible” to serve his constituents effectively. The judge, however, dismissed his arguments and granted all the reliefs requested by the plaintiffs.

Justice Egwuatu, in a firm comment, warned politicians against what he described as reckless party hopping.

Political prostitution must not be rewarded,” he declared, adding that lawmakers must not transfer votes won on one party’s platform to another party.

The court also ordered Gummi to refund all salaries and allowances received from October 30, 2024, until the date of judgment. He is also barred from earning any further benefits as a member of the House.

Additionally, the judge imposed a N500,000 cost against the defendants in favour of the PDP.

Continue Reading