Headlines
Buhari, Not Jonathan to Be Blamed for $9bn Judgement Debt, Says P&ID
The attempt by President Muhammadu Buhari to pin the $9billion British court’s judgement debt on former President, Goodluck Jonathan, has been dismissed by the Process and Industrial Developments Limited (P&ID), the very Irish company, that is in the thick of the entire saga.
P&ID in a clear statement, on Friday, completely absolved the former President of culpability and blamed both Buhari and the Attorney General, Abubakar Malami responsible for the development.
The company, in attempt to set the record straight, P&ID, detailed how the Buhari government, practically slept on the issue and accused Malami particularly of trying to revise history and introduce allegations of contract fraud.
Read the full statement:
Malami’s Revisionist History
It is another day, and with it comes another attempt from the Nigerian Government to create a fictional history of the P&ID case.
This week’s series of desperate conspiracy theories point to something deeper: the Buhari Administration is refusing to admit its own role in the P&ID case from 2015-2019 after it came into office.
Appearing on CNBC Africa, Attorney General Abubakar Malami sought to wipe his hands and the hands of the Buhari Administration clean when he stated, “[t]he government as a unit was delicately involved. And that was the government in 2010, the award was in 2012, and then three years thereafter the current administration under the leadership of Muhammadu Buhari came into place. So the time when this administration came to place in 2015, the award was over three years, there was no appeal, no application for execution, no application to set the award aside.”
Attorney General Malami seems to have a case of amnesia.
Let’s set the record straight:
May 3, 2015: P&ID offers to settle the dispute with the Nigerian Government for $850mm. President Goodluck Jonathan indicates they are handing over the negotiations to the incoming Buhari Administration.
May 29, 2015: Muhammadu Buhari is sworn in as the 15th President of Nigeria, but fails to appoint a cabinet for five months.
July 17, 2015: The Arbitration Tribunal found in favor of P&ID (i.e. – the Liability Award). The new Buhari Administration did not make any attempts at settling or negotiating with P&ID, and did not make any effort to challenge the decision.
November 11, 2015: Attorney General Malami was sworn in November 11, 2015, just under three months after the Liability Award.
May 27, 2016: The Arbitration Tribunal wrote to the Nigeria Government confirming that: “As the parties will be aware from Procedural Order No 12, the Tribunal has decided that the seat of the arbitration is England. It follows that the Federal Court of Nigeria had no jurisdiction to set aside its Award.” Neither Attorney General Malami, nor any representative of the Buhari Administration did anything in response other than continue with the proceedings, thereby tacitly accepting the analysis of the Arbitration Tribunal.
June 24, 2016: Having failed to set aside the Liability Award by falsely claiming the seat of arbitration was in Nigeria; not England, Attorney General Malami wrote personally to the arbitrators to say “my office has taken over the handling of the above arbitration on behalf of the Ministry of Petroleum Resources.” He asked for and obtained an extension of time to file a defence to quantum, and appointed his own legal team in place of the Ministry of Petroleum Resource’s legal team.
August 30-31, 2016: The Quantum Hearing (i.e. – amount of damages payable) takes place in London. Attorney General Malami’s legal team conducted Nigeria’s defence at the quantum hearing. Expert witnesses as to quantum were called to give evidence and were cross-examined.
After the Quantum Hearing, Attorney General Malami instructed his lawyers to request a standstill agreement, which would take effect from the date of the Award.
This fact has never been publicly reported until today.
January 31, 2017: The Arbitral Tribunal issued a final award, ordering Nigeria to pay P&ID $6.5 billion plus $2.3 billion in uncollected interest as of March 2018.
February 17, 2017: The Award on Quantum was delivered to the parties on February 17, 2017. Despite the 60-day standstill having been agreed by P&ID, Attorney General Malami made no attempt to negotiate with P&ID during the 60 days following the handing down of the Quantum Award.
April 28, 2017: After the 60 days had expired, Attorney General Malami instructed his lawyers to write to P&ID’s lawyers and explained that “The delay was occasioned by the bureaucracy of the Federal Government in a bid to determine a reasonable strategy after receipt of the Arbitral award.” The Attorney General’s lawyers added: “we now have the authority of the Vice President of the Federal Republic of Nigeria to meet with the Claimant to negotiate the Terms of the Arbitral award.”
Today: In the lead up to the judgment by the English Commercial Court, Attorney General Malami allowed the time for acknowledging service in both the United States and London to lapse without filing any response. In both jurisdictions, Nigeria’s lawyers Curtis Mallet had to apply for ex post facto extensions of time and make the necessary apologies and explanations to the court.
In London, a senior Curtis Mallet partner explained that the Claim Form was “immediately filed and not passed up the chain of command” at the Ministry of Justice. The partner pleaded that “the delay was neither deliberate nor intended to be disrespectful to the Court.”
In the US, Curtis Mallet explained that the deadline was missed because they were in the process of being formally retained by the Nigerian Government and had been instructed to enquire about the potential for a settlement
The Attorney General’s pronouncements in the Nigerian press are a clear attempt to cover up his own incompetence and that of the Buhari Administration. This is a matter, which could have been settled shortly after he took office in November 2015 for $850 million. Instead, he personally took the decision to gamble on the arbitration and turned an $850 million liability into a $9.6 billion liability.
And at no time since has Attorney General Malami assumed responsibility has he raised any allegation of fraud or scam, either in the arbitration or in the subsequent enforcement proceedings. The reason for this is that there was no fraud. All of this raises serious concerns for foreign investors in Nigeria, whether you are investing in a commercial enterprise or buying Eurobonds. Not only will Nigeria deliberately refuse to pay an international arbitration award backed by an English Court, but they are prepared to launch sham investigations and character assassinations when all else fails.
This is a serious assault on the Rule of Law by a demonstrably dishonest administration.
Meanwhile, P&ID is now focused on vigorously enforcing its legal rights in the UK, including seizing Nigerian assets to satisfy the award. This will begin as soon as possible.
Source: whirlwindnews
Headlines
Gowon Was Used to Execute Unjust War Against lgbo, Should Seek God’s Forgiveness – Ohanaeze
Ohanaeze Ndigbo has faulted recent claims by former Military Head of State, General Yakubu Gowon, that the Nigerian-Biafran civil war was not targeted at the Igbo people.
Gowon had said that, rather it was instead the secessionists who revolted against the Nigerian government in 1966.
But Ohanaeze insisted that such claims are not only gross misinformation but also a blatant misrepresentation of historical fact, while describing the representation as an affront to the collective memory and dignity of the Igbo nation.
The apex lgbo group noted that it is a moral obligation to address the pervasive biases and distorted narratives perpetuated by General Gowon, who, as a 91-year-old former military Head of State, was tragically manipulated by colonial powers and the Fulani oligarchy.
In a statement issued on Sunday by a factional Deputy President-General, Mazi Okechukwu Isiguzoro, Ohanaeze accused General Gowon of failure to protect the lives of Nigerians, especially the Igbos residing in the North during the crisis which led to the civil war.
The statement pointed out that unimaginable atrocities were committed against the Igbo people following the 1966 Northern riots, which pushed them into a position of strategic self-defence, a response to a war they did not initiate against the Nigerian government.
The statement partly read: “The grievous narrative that General Gowon has chosen to propagate must be corrected. History will judge Gowon harshly if he neglects this final opportunity to redeem himself by discarding the military mentality and outdated rhetoric of national unity.
“He must have the courage to disclose the truth about the influences that led him to abandon the Aburi Accord, a peace agreement that could have averted the tragic escalation of the Nigeria/Biafra War.
“Gowon’s military aggression toward the Igbo was not merely a reaction to secessionist desires but a strategically calculated action driven by British economic interests in the oil-rich Eastern region of Biafra and the retaliatory motives of the Fulani oligarchy.
The Igbo body added that God Almighty has granted General Gowon continued life for two significant purposes; first, to surrender to his conscience and seek God’s forgiveness, summoning his moral courage to openly confess his misdeeds and provide an accurate account of the Nigerian-Biafran war; second, to facilitate healing by leading efforts toward reconciliation and reconstruction for the Igbo people.
Ohaneze, however, said: “It is indeed lamentable that Gowon’s recent self-aggrandizing statements, possibly designed to sanitize his image, instead continue to perpetuate a façade that insults the deeply felt grievances of the Igbo nation.
“Rather than embrace this moment for personal and national healing, he has insulted the memories of the three million innocent Igbo civilians who lost their lives during the civil war.
“His military pride and an oath of silence have tormented him for over five decades, leading to a deeply personal struggle that he must now confront.
”Ohanaeze’s unwavering advice to General Gowon is straightforward and urgent; as time passes, he must cease his evasive tactics, confront his conscience, and abandon the falsehoods surrounding this grave chapter of Nigeria’s history.
“With only limited time remaining, it is imperative that he speaks the unvarnished truth and seeks forgiveness from the Igbo people and Nigerians at large.
“The curses resulting from the atrocities committed, such as the Asaba massacre, and the tragic toll of three million lives must be lifted.
“The painful repercussions of Gowon’s actions continue to resonate today, affecting even communities in the Middle Belt, where violence perpetrated by Fulani militias persists.
“This is a poignant moment for his associates to create yet another opportunity for him to come forward, unburden himself, and speak the truth.
“The world is watching and waiting for General Gowon to rise to the occasion for the sake of posterity,” the statement added.
Plateau State governor, Caleb Mutfwang, has described Nigeria’s lingering insecurity as a problem created and sustained by the country’s elite.
Speaking at a stakeholder meeting themed ‘Dialogue on Community Policing as a Panacea for Insecurity in Nigeria: The Case of Plateau State’, Mutfwang said the elite have contributed to deepening communal divisions and must take responsibility for reversing the trend.
“My theory is that, more than anybody else, the challenges of insecurity in Nigeria are an elite-created problem. When the elite conspires to lead the people in the wrong direction, we will continue to have this perennial crisis,” he said.
He noted that while the “poisoning of minds” may often start at the community level, the elite have the power to halt such narratives—if they choose to.
“Many a time, you’ll find that even when the poisoning of the mind begins in the community, when the elite take leadership and say it must stop, they’ll address it adequately and it will stop.
“But when the elite fan the embers of hate, they are the people that do their analysis, that begin to spew knowledge, information, and poison the minds of ordinary people—then it will be sustained,” he said.
Mutfwang urged Nigeria’s elite to take greater responsibility in promoting unity and peaceful coexistence.
He reaffirmed his administration’s commitment to dismantling “artificial barriers of faith and ethnicity,” which he argued have long hindered development in Plateau.
“As I stand before you today, I want to reiterate that I came into government with a firm resolve to restore lasting peace to Plateau. That is why I have deliberately sought to bridge the divides we’ve built across religion and ethnicity,” he stated.
Reflecting on his efforts, the governor claimed no administration in Plateau since Nigeria’s return to democracy in 1999 had done more than his in fostering peace and unity.
“Yet, as recent as yesterday, I received reports of being labelled in certain influential circles. Still, I beat my chest and say, without fear of contradiction, that I have done more than any governor since 1999 in building peace and unity on the Plateau,” he added.
His remarks come amid heightened insecurity in Plateau, Benue, and other northern states in recent months.
Former presidential candidate and Labour Party leader, Mr. Peter Obi, has condemned President Bola Tinubu’s trip to Saint Lucia, calling it an ill-timed and insensitive decision in the face of deepening national crises.
In a post on X (formerly Twitter) on Saturday, Obi said he was “struggling with my senses to understand what is happening to governance in this country.”
Tinubu departed Nigeria on Saturday, and is expected to visit Saint Lucia, attend BRICS summit in Brazil.
“What I have seen and witnessed in the last two years has left me in shock about poor governance delivery and apparent channelling of energy into politics and satisfaction of the elites, while the masses in our midst are languishing in want,” Obi declared.
“Without any twilight, Nigeria ranks among the most insecure places in the world. Nigerians are hungrier, and most people do not know where their next meal will come from.”
Obi expressed disbelief upon learning of the President’s departure to the Caribbean nation, especially coming shortly after what he described as a holiday in Lagos.
It read, “With such a gory picture of one’s country, you can imagine my bewilderment when I saw a news release from the Presidency announcing that President Bola Tinubu is departing Nigeria today for a visit to Saint Lucia in the Caribbean.”
Citing a press briefing by Saint Lucia’s Prime Minister, Philip J. Pierre, Obi noted that the visit included both official engagements and personal vacation.
“According to the Prime Minister’s announcement, ‘two of these days, June 30 and July 1, will be dedicated to an official visit, with the remainder of the trip set aside as a personal vacation,” he said.
Obi said he had initially dismissed the report as unbelievable: “I told the person who drew my attention to the Caribbean story that it cannot be true and that the President is just coming back from a holiday in Lagos.
“I didn’t want to believe that anybody in the position of authority, more so the President… would contemplate a leisure trip at this time.”
The former Anambra governor criticized the President’s failure to personally visit disaster-affected areas, including Minna in Niger State, where over 200 people were reportedly killed and 700 still missing due to flooding.
“This is a President going for leisure when he couldn’t visit Minna, Niger State where over two hundred lives were lost and over 700 persons still missing in a flood natural disaster,” Obi lamented.
He also condemned Tinubu’s recent visit to Makurdi, which he described as politicized.
Obi said, “The other state in crisis where over two hundred lives were murdered, the President yielded to public pressure and visited Makurdi… for what turned out to be a political jamboree than condolence as public holiday was declared and children made to line up to receive the President who couldn’t even reach the village, the scene of the brutal attack.”
Obi drew sharp comparisons between the size and population of Saint Lucia and the Nigerian cities neglected by the President.
“Makurdi is 937.4 Km², which is over 59% bigger than St Lucia, which is 617 km², and Minna is 6789 square kilometres, which is ten times bigger than St Lucia. St Lucia, with a population of 180,000, is less than half of Makurdi’s 489,839 and Minna, with 532,000 is almost three times the population of St Lucia,” Obi quoted his stats in the post.
Calling for leadership anchored in empathy and urgency, Obi said: “I don’t think the situation in this country today calls for leisure for anybody in a position of authority, more so the President, on whose desk the buck stops.
“This regime has repeatedly shown its insensitivity and lack of passion for the populace…”
He accused the administration of prioritizing elites over the masses.
“One had expected the President to be asking God for extra hours in a day for the challenges, but what we see is a concentration of efforts in the 2027 election and on satisfying the wealthy while the mass poor continues to multiply in number,” Obi’s tweet further read.
Concluding his fiery message, Obi urged national reflection and redirection.
He concluded, “Finally, I like to let our leaders know one thing: that the God-given resources of this country belong to all, not to a few.
“The time has come to put a stop to this drift before it consumes all and focus on pulling people out of poverty.”
The Punch
