• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

      DG NITDA Inuwa Kashifu at the GITEX Nigeria

      Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

  • National
    • Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

      BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

    • Government
      • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

        Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

        Officers of NSCDC Mining Marshals

        Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

        FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots…

        ASUU-STRIKE

        Strikes in Nigeria and the Collapse of Public Service By Tahir…

  • Security
    • NSCDC, Army Foil Bandit Attack on Plateau Farmers

      Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina

      Military Troops in Action

      Military Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto,…

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

      Military Troops in Action

      Troops Ambush Militia Plotting Attack on Plateau Villagers

  • Features
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      ACP Olumuyiwa Adejobi

      DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication

      (L-R) Yahaya Bello and Usman Ododo of APC Kogi

      RECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat Bello

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

  • State
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      NSCDC, Army Foil Bandit Attack on Plateau Farmers

      Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina

      Military Troops in Action

      Military Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto,…

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

  • Event
    • BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Vice President Kashim Shettima and President Bola Ahmed Tinubu

      Shettima at 59: Tinubu Hails VP’s Loyalty, Commitment to Service

      Erasmus Ikhide damaged Vehicle and Dangote Cement Truck

      Erasmus Ikhide Narrowly Escapes Death in Collision with Dangote Truck

      Supporters of Senator Shehu Buba

      PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

      The authors and their books

      PHOTOS: NIPR Hails Latest PRNigeria Books at Economic Confidential Lecture

    • PR Nigeria Award
  • E-Paper
Home Government P&ID: FG Reacts as UK Courts Grant Permission to Challenge Contract Award
  • Government

P&ID: FG Reacts as UK Courts Grant Permission to Challenge Contract Award

By
Modupe Ogundoro
-
September 5, 2020
Abubakar Malami
Abubakar Malami

P&ID: FG Reacts as UK Courts Grant Permission to Challenge Contract Award

The English Court has on Friday, 4th September, 2020 delivered an unprecedented judgment, allowing the Federal Republic of Nigeria (FRN) permission to proceed with its challenge to the $10 billion arbitral award made against her over three years ago.

This was disclosed in a statement issued by Dr. Umar Jibrilu Gwandu, Special Assistant on Media to the Minister on Friday 4th September 2020.

According to the statement, “the Court has allowed the FRN to bring the challenge well outside the normal time limits, due to the exceptional circumstances where the FRN has uncovered evidence of a massive fraud in procuring the award”.

The Court heard evidence from the FRN and the offshore shell company, that is, Projects and Industrial Development Company (P&ID) in relation to the Gas Supply and Processing Agreement (GSPA), which the parties entered into 10 years ago and which was never performed.

According to the statement, “the Buhari Administration, having inherited the dispute from the previous administration, only recently uncovered evidence that the GSPA was a bad commercial deal designed to fail from the start, and that its subsequent arbitral award was based on fraud and corruption”.

Read Also:

  • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar
  • DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication
  • NSCDC, Army Foil Bandit Attack on Plateau Farmers

 The FRN relied on a number of ongoing investigations across multiple jurisdictions, including the US, to build its case. During the hearing, new evidence was presented to further support Nigeria’s challenge.

“The FRN will now proceed to a full trial of the issues, where the FRN’s substantive application to finally set aside the award will be heard, thereby recording a major success considering the fact that the Federal Government exceptional circumstances application to have its challenge taken well outside the normal time limits is upheld on account of uncovered evidence of massive fraud in procuring the award”, the statement disclosed.

The government of the Federal Republic of Nigeria said it is pleased with the outcome from the High Court hearing today.

This is a major victory in the ongoing fight against the P&ID, to overturn the injustice of the multi-billion dollar arbitral award.

In light of the new and substantive evidence presented regarding P&ID’s fraudulent and corrupt activities, the Court has granted the application for an extension of time to hear the challenge out of normal time limits.

The statement explained that,” the Federal Government will now proceed to a full hearing of the fraud challenge in the coming months”.
“Investigations into the GSPA are ongoing, and we are firmly committed
to overturning the award – no matter how long it takes – to ensure that this money goes towards Nigeria’s future, not into the pockets of millionaires trying to exploit our country”.

Modupe Ogundoro

Deputy Director

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Contract Awards
  • fg
  • P&ID
  • UK Courts
Previous articleVP Osinbajo Hails Supreme Court’s Over Endorsing Virtual Proceedings
Next articleDigital Number to Replace National Identity Card as Digital Economy Boosts ICT’s Contribution to GDP, Says Pantami
Modupe Ogundoro
Modupe Ogundoro
Xing

RELATED ARTICLESMORE FROM AUTHOR

Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

Officers of NSCDC Mining Marshals

Nigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo Laruba

FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots Anti-Corruption Drive

ASUU-STRIKE

Strikes in Nigeria and the Collapse of Public Service By Tahir Ahmad

President Bola Ahmed Tinubu

Tinubu Orders Mandatory Health Insurance Implementation Across MDAs

Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private Sector Growth

School Students

New Education Curriculum: Full List of JSS, SS Subjects

Tinubu Orders Overhaul of Katsina Security Operation, Hints at State Police

Minister of Interior Olubunmi Tunji-Ojo

Eid-ul-Maulud: FG Declares Friday Public Holiday

Care365 Health Hub

VP Shettima, Health Minister Endorse Care365 Drive for Inclusive Healthcare

President Tinubu and VP Shettima

The Politics and Tinubu’s Wishes to Shettima

Recent Posts

  • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar
  • DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication
  • NSCDC, Army Foil Bandit Attack on Plateau Farmers
  • Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship
  • Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf AbubakarDCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police CommunicationNSCDC, Army Foil Bandit Attack on Plateau FarmersEid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun PartisanshipTroops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in KatsinaMilitary Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto, KebbiTroops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in ZamfaraTroops Ambush Militia Plotting Attack on Plateau VillagersRECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat BelloBUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or VirtuallyNigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo LarubaBuilding Resilience: Crisis Communication in Modern Organizations By Princewell N. AchorIGP Egbetokun Appoints CSP Hundeyin as New Force PROMilitary Explains Why Retirees Can’t Benefit from New Minimum Wage ChartCustoms Begins Live Operations of Automated Excise Register System
X whatsapp