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Nigeria Demands Damages As UK Court Dismisses $11bn P&ID Suit
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The Federal Government has said it will demand damages from Process & Industrial Developments Limited, which lost its $11bn arbitration award against Nigeria on Monday in the United Kingdom.
The Punch quoted the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, as saying: “There will be further hearing by the United Kingdom court on the heels of this judgment to determine costs payable by P&ID and other others in the matter.’’
The Business and Property Court in London had on Monday halted the enforcement of the P&ID $11bn award against Nigeria in a case marked CL-2019-000752.
In the judgment delivered by Justice Robert Knowles, it was held that the process through which P&ID secured a 2010 contract to build a gas processing plant in Calabar, Cross River State, was fraudulent.
The arbitration court had awarded $6bn against Nigeria in January 2017 over the failed gas processing contract but the fine had accumulated to $11bn before the verdict was delivered on account of the seven per cent interest rate.
Delivering the long-awaited ruling in the case on Monday, Knowles stated, “In the circumstances and for the reasons I have sought to describe and explain, Nigeria succeeds on its challenge under Section 68. I have not accepted all of Nigeria’s allegations but the awards were obtained by fraud and the way in which they were procured was contrary to public policy.”
P&ID had claimed Nigeria violated the terms of its agreement by failing to provide gas for the power plant it wanted to build for the country.
According to the global firm, the alleged violation frustrated the construction of the gas project agreed to by the government of the late former President Umaru Yar’Adua and deprived P&ID of the potential benefits expected from 20 years’ worth of gas supplies with “anticipated profits of $5 to $6bn.”
The arbitral tribunal unanimously decided that the Nigerian government had repudiated the Gas Supply and Processing Agreement by its failure to perform its obligations under the agreement awarded to the P&ID in 2017.
An initial out-of-tribunal agreement for the payment of $850m was reached by a previous administration and the disbursement was passed on to the administration of former President Muhammadu Buhari.
Buhari, however, rejected the idea of paying the negotiated sum and challenged the enforcement of the award before the English Commercial Court.
The judge granted Nigeria’s request for a stay on any asset seizures while its legal challenge was pending, but ordered it to pay $200m to the court within 60 days to ensure the stay, including some court costs to P&ID within 14 days.
In the Monday ruling, Knowles observed that, “Notwithstanding Nigeria’s allegations, I have not found Nigeria’s lawyers in the arbitration to be corrupt. However, the case has shown examples where legal representatives did not do their work to the standard needed, where experts failed to do their work, and where politicians and civil servants failed to ensure that Nigeria as a state participated properly in the arbitration.
“The result was that the tribunal did not have the assistance that it was entitled to expect, which makes the arbitration process work. And Nigeria did not in the event properly consider, select and attempt admittedly difficult legal and factual arguments that the circumstances likely required. Even without the dishonest behaviour of P&ID, Nigeria was compromised.”
The AGF attributed Nigeria’s victory in the $11bn lawsuit to close a collaboration by agencies of the Federal Government.
Fagbemi said, “As you may all be aware by now, the Honorable Justice Robbin St. John Knowles of the United Kingdom commercial court today, handed down a historic judgment, in the suit, where the Federal Republic of Nigeria, otherwise known as FRN, moved to set aside the arbitral award of $9.6bn but which has now accrued interests now come to $11bn, made against Nigeria in 2017 in favour of P&ID for an alleged breach of a gas supply and processing agreement, purportedly entered into with the Ministry of Petroleum Resources to establish a gas processing plant in Calabar for which P&ID never secured any land sight.
“The arbitral award had over the years played the assets of the Federal Republic of Nigeria, and those of its agencies all over the world, at the risk of attachment, erosion of foreign reserves and distortion of monetary, fiscal and other policies of government with dire consequences for Nigeria and its people. These emphasised the need for the FRN to vigorously challenge and resist the enforcement of the award by P&ID.
“The judgment handed down today found that the award had been obtained by fraud and in a way which goes contrary to public policy. In particular, the judge concluded that P&ID obtained the award only by practising the most severe abuses of the arbitral process. It has been a night of long nights indeed.
“The success marks the culmination of a decade of legal action and is not just a victory for the poor of Nigeria but any similar target of corruption and fraud.”
President Bola Tinubu also expressed excitement over the verdict, saying it liberated the country from unjust economic malpractice.
A statement by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, quoted Tinubu as saying, “This landmark judgment proves that nation-states will no longer be held hostage by economic conspiracies between private firms and solitarily corrupt officials who conspire to extort and indebt the very nations they swear to defend and protect.
“Today’s victory is not for Nigeria alone; it is a victory for our long-exploited continent and for the developing world at large, which has for too long been on the receiving end of unjust economic malpractice and overt exploitation.”
Tinubu commended the Nigerian legal team and acknowledged the roles of the Federal Ministry of Justice and the office of the AGF in defending the country’s interest in the case.
The Punch
Headlines
Training Heights Canada Begins Operations with August Cybersecurity Training Programme
Training Heights Canada has commenced operations, opening its doors to professionals seeking globally relevant skills for one of the world’s most competitive job markets. The launch is anchored by a specialised Information and Cybersecurity NIST CSF Training and Certification programme beginning in August.
The programme is designed to help newcomers and aspiring professionals build competencies that align directly with the expectations of Canadian employers. It responds to sustained demand for cybersecurity, governance, risk and compliance professionals across Canada’s technology and business sectors, where organisations continue to expand their information security and regulatory compliance functions.
Running across four Saturdays in August, the training is structured around practical, industry-focused instruction in cybersecurity, information security governance, risk management and compliance frameworks. Participants will benefit from live instructor-led sessions, beginner-friendly learning modules, a certificate of completion and one month of live project experience aimed at strengthening job-market readiness.
According to the programme outline, the curriculum covers cybersecurity and IT governance, risk and compliance foundations, Information Security Management Systems (ISMS), internet security concepts, risk assessment and treatment planning, security controls, governance frameworks and practical implementation workshops. It also addresses globally recognised standards including ISO/IEC 27001, NIST Cybersecurity Framework 2.0, CIS Controls Version 8 and CMMC 2.0.
Training Heights Canada builds on the professional capacity-building practice the organisation established in Nigeria, bringing that experience to a Canadian audience with curriculum and delivery shaped for local employer expectations.
Speaking on the training program launch, General Manager Muyiwa Olubajo described the August intake as a deliberate first step in equipping professionals with skills that reflect the realities of the Canadian labour market.
“Canada presents enormous opportunities for skilled professionals, but many newcomers struggle because they do not fully understand the expectations of the market. Our goal is to bridge that gap by providing practical, industry-aligned training that helps participants build confidence, gain relevant knowledge and position themselves competitively,” Olubajo said.
He noted that the programme was designed to move beyond theoretical learning by exposing participants to practical workshops, governance frameworks and real-world cybersecurity scenarios.
“We are not just offering training; we are creating pathways to career readiness. Participants will gain exposure to globally recognised frameworks and practical implementation processes that employers value. We want them to leave the programme with knowledge they can immediately apply in professional environments,” he stated.
Beyond technical instruction, the programme places emphasis on career readiness. Participants will receive guidance on professional positioning, interview preparation, governance and compliance documentation, and strategies for navigating employment opportunities within Canada’s technology and cybersecurity sectors.
Olubajo said the organisation’s vision extends well beyond a single cohort.
“At Training Heights, our mission is to empower professionals to reach new heights. Beginning operations in Canada is an opportunity to contribute meaningfully to the success of professionals building sustainable careers in a highly competitive environment,” he said.
He added that Training Heights Canada intends to develop further programmes that respond to emerging industry needs while maintaining a strong focus on practical learning, professional growth and global standards.
With its August launch of its training programs, Training Heights Canada positions itself to support individuals advancing careers in cybersecurity, information security governance, risk management and related fields — strengthening workforce readiness in a rapidly evolving digital economy.
Headlines
Anthony Joshua Makes Historic Comeback, Beats Prenga via TKO
Two-time heavyweight world champion Anthony Joshua survived two early knockdowns on the way to a second-round knockout of Kristian Prenga on Sunday, his triumphant ring return paving the way for a blockbuster all-British bout with Tyson Fury.
The fight at the Jeddah Superdome was Joshua’s first since he was involved in a car crash in Nigeria in December that killed two of his close friends, Sina Ghami and Latif Ayodele.
The 36-year-old choked up when asked in the ring about his friends and the emotions of the past seven months, but said his second-round revival was down to more than pure punching power.
“That was spirit, that was Latz, that was Sina. That was family,” he said.
The devastating accident occurred little more than a week after Joshua demolished YouTuber-turned-boxer Jake Paul in a controversial Netflix-backed bout in December.
Joshua’s last prior competitive appearance in the ring was his fifth-round knockout loss to IBF world champion Daniel Dubois at Wembley Stadium in September 2024.
He improved to 30-4, with 27 wins by knockout, but not without drama.
Albania’s Prenga, a knockout artist who had 20 wins inside the distance in 21 prior fights, sent Joshua to the canvas with a right uppercut just 20 seconds into the bout.
He had Joshua on the ropes again, his legs shaky, before sending him down a second time late in the first round.
But Joshua steadied in the second, backing Prenga into the corner behind his jab, shrugging off more heavy blows from the Albanian before inflicting damage of his own with his left hand.
A brutal combination capped by a big right finally sent Prenga crashing through the ropes to end it at 2:43 of the second round.
Joshua and Fury now appear set for their “Battle of Britain” in November, at a venue still to be announced.
Fury, like Joshua a former two-time heavyweight world champion, did his part to make the long-anticipated fight happen, stopping Mariusz Wach in a low-key bout in Pattaya, Thailand, on Friday.
Fury, 37, outclassed Wach in front in the Thai resort city, chipping away relentlessly at the 46-year-old until he was pulled out by his corner in the seventh round.
It was Fury’s second win in as many contests this year in his return from a 16-month layoff.
– ‘We’re here now’ –
Fury wasn’t ringside in Jeddah as many had anticipated, but Joshua had a message for him even so.
“I’m gonna rip his heart out! I’m the meanest, most vicious champion that has ever been. Nobody can stop me,” he said.
“All jokes aside, there’s two sides of this thing,” Joshua added. “One is fire. You have to have that vim, that (roar). But also, there’s respect.
“I respect everything he has done and everything that he has achieved.
“But as a fighting person and someone who has been calling for this fight for a long time, we’re here now.”
Promoter Eddie Hearn, also speaking inside the ring in the wake of the bout streamed on DAZN, said the contract to fight Fury was signed.
“Everything’s done,” Hearn said. “But to be honest with you, tonight is all about the strength that (Joshua) showed to even be here tonight, and the strength that he had to show in that fight.”
Hearn said that as the first round unfolded, he feared Joshua had come back too soon after the traumatic loss of his friends.
But a beaming Joshua was bullish on the future.
“I can’t be stopped,” he said. “I’m not going to be stopped. I’m not going to be denied.”
Vanguard
Headlines
Atiku Tackles Obasanjo over Impeachment Sponsorship Claims Involving Na’Abba
Former Vice President Atiku Abubakar has questioned why former President Olusegun Obasanjo waited until after Ghali Umar Na’Abba’s death to allege that he paid the former House of Representatives Speaker N5 million to initiate impeachment proceedings against him.
Atiku said raising the allegation when Na’Abba could no longer respond denied Nigerians the opportunity to hear the other side, describing it as a politically motivated attempt to damage his reputation and boost the electoral fortunes of Obasanjo’s unnamed kinsman ahead of the 2027 presidential election.
Obasanjo alleged in a letter to former Governor of Ogun State, Olusegun Osoba that Atiku invited Na’Abba to the Presidential Villa while he was away and convinced the former speaker that he should serve only one term.
The former president claimed the alleged payment formed part of Atiku’s attempt to seize power by “hook or by crook”.
However, Atiku rejected the allegation as politically motivated in a statement issued on Friday by his Senior Special Assistant on Public Communication, Phrank Shaibu.
The African Democratic Congress (ADC) presidential candidate aid the timing of Obasanjo’s allegation showed that it was intended to influence the political contest ahead of the 2027 general election.
Atiku accused his former principal of attempting to tarnish his reputation to give an unfair political advantage to an unnamed kinsman.
“Coming at a time when the political landscape ahead of the 2027 general election is taking shape, the obvious objective is to besmirch my person and reputation and confer an undeserved political advantage on the former President’s kinsman,” he said.
Atiku argued that Nigerians were too discerning to be distracted by an allegation revived for political convenience.
He challenged Obasanjo to openly identify and support his preferred presidential candidate instead of attempting to shape public opinion through claims that could no longer be independently tested.
“If former President Obasanjo has chosen to take a political position ahead of 2027, he should simply declare it and allow Nigerians to judge it on its merits,” Atiku said.
The former vice-president questioned why Obasanjo waited until after Na’Abba’s death to repeat the allegation, saying the timing denied Nigerians the opportunity to hear the former speaker’s version of events.
He also maintained that the bribery allegation had no judicial or official backing.
Atiku argued that Obasanjo’s government controlled the full powers of the Nigerian State and could have investigated and prosecuted any criminal conduct if credible evidence existed at the time.
“If there was indeed evidence of any criminal conduct as alleged, Nigerians are entitled to ask why no action was taken at the time by a government that wielded the full powers of the Nigerian state,” he said.
Atiku linked Obasanjo’s continued hostility towards him to their disagreement over the alleged attempt to secure a third presidential term.
He said he opposed the plan because it threatened Nigeria’s constitutional democracy and refused to sacrifice democratic principles for Obasanjo’s personal ambition.
The ADC leader recalled that he successfully challenged actions taken against him by the Obasanjo administration through a series of court cases.
“Rather than surrender democratic principles on the altar of personal ambition, I defended the Constitution and successfully asserted my rights through the courts in a series of landmark legal victories against a sitting President,” he said.
Atiku described those legal battles as an important part of Nigeria’s democratic history, insisting that Obasanjo had not overcome the bitterness created by their confrontation.
He said he would not allow himself to be dragged into a prolonged dispute over past political battles while Nigerians faced worsening economic hardship, hunger, unemployment and insecurity.
Atiku said his attention remained on presenting credible alternatives, protecting democracy, demanding accountability and working with patriotic Nigerians to restore competent and transparent leadership.
“Nigerians deserve solutions to today’s problems, not recycled political tales from yesterday,” he declared.






