Nigerian courts cannot arbitrate or adjudicate on matters between P &ID and the Nigerian government.

Nigerian government signed an agreement that all matters concerning their contract with P&ID would be decided in British courts or the international court for arbitration.

The Abuja court judgment is of no effect. Nigerian leaders should be serious in scrutinizing contracts before they sign and not stop running up and down when issues comes up. They ought to have done what they were supposed to do but failed in the usual Nigerian way of " leaving like that. Nothing go happen".

They are used to running to court to obtain fake judgment - it wont work in this case. Go back to the British court and tell the British Crown Court to order P&ID to forfeit their Nigerian assets and not one Mahmud court in Abuja.

Na lie eee!,I no belief dis cock and bull story,marlians,r my communication?

It has no assets in 9ja . A shell coy

References:
The Federal High Court in Abuja on Thursday convicted and subsequently ordered the winding up of Process and Industrial Development Limited and its Nigerian affiliate, P&ID Nigeria Limited, for charges of fraud and tax evasion in respect of the contract leading to the recent controversial judgment of a British court empowering the firm to seize about $9.6bn worth of Nigerian assets.

Justice Inyang Ekwo, in his judgment also ordered the forfeiture of “the assets and properties” of the two firms to the Nigerian government.

The judge made the orders shortly after the two firms, through their representatives, pleaded guilty to the 11 counts instituted against them by the Economic and Financial Crimes Commission.

While P&ID Limited incorporated in British Virgin Island was represented in the dock by its Commercial Director, Mohammad Kuchazi, P&ID Nigeria Limited was represented by Adamu Usman, who is also a lawyer.

Both men pleaded guilty on behalf of the companies to all the 11 counts read to them before Justice Ekwo on Thursday.

Kuchazi was represented by his lawyer, Dandison Akurunwua, while Usman represented himself.

They were accused of among others, fraudulently claiming to have acquired land from the Cross River State Government in 2010 for the gas supply project agreement which led to the $9.6bn judgment.

After the defendants pleaded guilty to the 11 counts, an EFCC investigator, Usman Babangida, was called to the witness box for review of facts which was not opposed by the defence.

Documents relating to the controversial 2010 gas supply contract and EFCC’s investigation activities were tendered and admitted by the judge as exhibits without objection from the defence.

The judge then went on to pronounce the two firms represented by the two men guilty.

Making an allocutus, plea for mercy, P&ID’s lawyer Akurunwua, urged the judge to consider “the forthrightness and candour” of P&ID by pleading guilty and not wasting the time of the court in the trial.

https://punchng.com/breaking-court-winds-up-pid-nigerian-affiliate-orders-forfeiture-of-firms-assets-to-fg/

This company was a total fraud.

It was used by the Yar' adua cabals to milk Nigeria with NO NOTICEABLE PRESENCE IN THE NIGER DELTA REGION.

The Irish owner gang up with the support of their brother Britain to defraud Nigeria using complicated legal judgement.

Former Petroleum Minister Late Rilwanu Lukeman was their agent in the failed contract.

Focusmind:
Nigerian courts cannot arbitrate or adjudicate on matters between P &ID and the Nigerian government.

Nigerian government signed an agreement that all matters concerning their contract with P&ID would be decided in British courts or the international court for arbitration.

The Abuja court judgment is of no effect. Nigerian leaders should be serious in scrutinizing contracts before they sign and not stop running up and down when issues comes up. They ought to have done what they were supposed to do but failed in the usual Nigerian way of " leaving like that. Nothing go happen".

They are used to running to court to obtain fake judgment - it wont work in this case. Go back to the British court and tell the British Crown Court to order P&ID to forfeit their Nigerian assets and not one Mahmud court in Abuja.

blablablabla. Does UK law support a private company to seize an asset of sovereign country?

Where did PID case started?

Were was the fraudulent contract signed?

Why did PID move the case from usa after loosing to Nigeria?



Answer the questions you will see the nonsense u typed doesnt make sense

The loss claim by the Nigeria government and people of Nigeria for P&ID not carrying out its side of the contract should be worth $10B.
Make we see who get sense pass...if they put their hands into our reserves in any part of the world, Nigeria should respond in kind will british related holdings in Nigeria.

Focusmind:
Nigerian courts cannot arbitrate or adjudicate on matters between P &ID and the Nigerian government.

Nigerian government signed an agreement that all matters concerning their contract with P&ID would be decided in British courts or the international court for arbitration.

The Abuja court judgment is of no effect. Nigerian leaders should be serious in scrutinizing contracts before they sign and not stop running up and down when issues comes up. They ought to have done what they were supposed to do but failed in the usual Nigerian way of " leaving like that. Nothing go happen".

They are used to running to court to obtain fake judgment - it wont work in this case. Go back to the British court and tell the British Crown Court to order P&ID to forfeit their Nigerian assets and not one Mahmud court in Abuja.

Any contract that runs contrary to the constitution of federal republic of nigeria is null and void.

mark1010:
Wat kind of kangaroo court order is this Nigeria is a zoo

Children of hate. Why the thing pain you so?

What is the value of P&ID assets in Nigeria, if there are? Thought the company is just a briefcase enterprise. FG and EFCC seem to be hallucinating over nothing. They should rather look at how to resolve the $9.6b legal damages. All these cock and bull stories wont help. It will only tickle the ears of ZBs. Not solution.

E be like say our government don dey wake up.

We need to start dealing with these foreign companies very well. That is where respect for our citizens will start.

Cc immhotep sarrki GMBuharii bastardmod simplyleo Adaibeku

I will not be surprised if these people have either being bribed or threatened to plead guilty.

Our country is very reactive on issues

SuperS1Panther:
That is the way to go. Kudos

Unpatriotic collaborators, citizens of hate republic and saboteurs will be in severe pain now

Watch as they will start ranting in their usual manner

U should go and google contract law b4 u start jubilating
Btw i overheard some zombies saying things are hard and they wish they could go back to 2014
Cc immhotep sarrki GMBuharii

Bar1941:
Hope we can stand tall and at least take a bold decision at least for once in that part of the world. Many of these expatriates does bussinesses, work in our country without paying taxes (a huge offence elsewhere) yet they treated us like shît.

Dont blame the expats. You treat each other like shít then you encourage foreigners to treat your own like shít

ORIENTATION101:
the film just started. Next is to appeal the uk court judgement. The uk constitution doest permit a private company to seize the asset of a sovereign country.

PID met their match in Buhari

Which Buhari. If he has taken the necessary steps while, P&ID has being taking steps to seek redress, we will never get to this stage. The president should address issues as at when they are due. This has been the biggest problem Buhari and his advisers have. How can we allow this company to be rubbishing the country and now be running up and down to avoid the impending calamity ? Can't we just do what is necessary at the right time ?

Please also note that this whole drama is sending a very wrong signal to the international community and our economy will pay dearly for it because it will look as if our court processes were influenced by the Nigerian Government.

We have heaps of problems begging for attention, we don't need to add more.

Cooked-up trial and judgement ���

Who takes the Nigerian court seriously internationally

Teenaira:


Which Buhari. If he has taken the necessary steps while, P&ID has being taking steps to seek redress, we will never get to this stage. The president should address issues as at when they are due. This has been the biggest problem Buhari and his advisers have. How can we allow this company to be rubbishing the country and now be running up and down to avoid the impending calamity ? Can't we just do what is necessary at the right time ?

Please also note that this whole drama is sending a very wrong signal to the international community and our economy will pay dearly for it because it will look as if our court processes were influenced by the Nigerian Government.

We have heaps of problems begging for attention, we don't need to add more.

rubbish.did they plead guilty at gunpoint?

The same case PID lost to Nigeria in usa court .now that they took it to uk. Uk laws doesn't allow a private company to seize asset belonging to a sovereign country.

They seize Ures and u seize theirs. Ok

Mynd44:
Lmaoooo

I love every word in that judgement! Brits have their course and their jurisdiction, so do we Nigerians!

Nobody be mumu.

I'm disgusted by those who feel what those guys did was right and that Nigeria should pay the said sum to the fraudsters. Same people are the ones complaining bitterly about the economic woes of the country.

PaChukwudi44:


and you think this order will have any bearing on the $9.6b judgement?

Chukwudi. Shame no dey catch you? At this age. How is nigeria paying the idiots that sum going to make life any better for you? Are they going to pay you even a nickel from the sum?

Why have you decided to make yourself an enemy of state simply because your principal lost a fairly contested election?

Shame on you.

CyberWolf:
Will this judgement affect the one they got in UK? By the way, do they have any assets in Nigeria?

Hear yourself, a company without any asset winning a contract to build a billion dollar facility. They should all be arrested.

They have forfeited all assets and liabilities including the judgment debt.

Livebyday, see why I was questioning your intelligence the other time?

PaChukwudi44:


and you think this order will have any bearing on the $9.6b judgement?

DON'T MIND THEM , AFTER JONATHAN ALREADY SIGNED COMPESATION OF $850 MILLION DOLLARS, BEFORE LEAVING OFFICE. WHAT WERE THEY LOOKING AT , SINCE 2013 , WHEN P&ID TOOK THEM TO COURT AND WON ON THREE DIFFERENT OCCASION. OYINBO MAN DOESN'T REASON THE WAY WE THINK. I JUST PRAY THE PENALTY WON'T INCREASE.
BY THE WAY , P&ID HAS NO ASSETS IN NIGERIA. REASON THEY PLEADED GUILTY.

Game of Chess

[s]

SuperS1Panther:
That is the way to go. Kudos

Unpatriotic collaborators, citizens of hate republic and saboteurs will be in severe pain now

Watch as they will start ranting in their usual manner

[/s]

Focusmind:
Nigerian courts cannot arbitrate or adjudicate on matters between P &ID and the Nigerian government.

Nigerian government signed an agreement that all matters concerning their contract with P&ID would be decided in British courts or the international court for arbitration.

The Abuja court judgment is of no effect. Nigerian leaders should be serious in scrutinizing contracts before they sign and not stop running up and down when issues comes up. They ought to have done what they were supposed to do but failed in the usual Nigerian way of " leaving like that. Nothing go happen".

They are used to running to court to obtain fake judgment - it wont work in this case. Go back to the British court and tell the British Crown Court to order P&ID to forfeit their Nigerian assets and not one Mahmud court in Abuja.

Very well said.... It's chronic laziness... they leave things last minute "leaving like that. Nothing go happen "

Wiseoldman:


Hear yourself, a company without any asset winning a contract to build a billion dollar facility. They should all be arrested.

what I’m saying is that the company doesn’t have asset that the government will seize.

You seem disappointed. Why do I have the feeling that you are an enemy of the state?

PaChukwudi44:


and you think this order will have any bearing on the $9.6b judgement?

References:
The Federal High Court in Abuja on Thursday convicted and subsequently ordered the winding up of Process and Industrial Development Limited and its Nigerian affiliate, P&ID Nigeria Limited, for charges of fraud and tax evasion in respect of the contract leading to the recent controversial judgment of a British court empowering the firm to seize about $9.6bn worth of Nigerian assets.

Justice Inyang Ekwo, in his judgment also ordered the forfeiture of “the assets and properties” of the two firms to the Nigerian government.

The judge made the orders shortly after the two firms, through their representatives, pleaded guilty to the 11 counts instituted against them by the Economic and Financial Crimes Commission.

While P&ID Limited incorporated in British Virgin Island was represented in the dock by its Commercial Director, Mohammad Kuchazi, P&ID Nigeria Limited was represented by Adamu Usman, who is also a lawyer.

Both men pleaded guilty on behalf of the companies to all the 11 counts read to them before Justice Ekwo on Thursday.

Kuchazi was represented by his lawyer, Dandison Akurunwua, while Usman represented himself.

They were accused of among others, fraudulently claiming to have acquired land from the Cross River State Government in 2010 for the gas supply project agreement which led to the $9.6bn judgment.

After the defendants pleaded guilty to the 11 counts, an EFCC investigator, Usman Babangida, was called to the witness box for review of facts which was not opposed by the defence.

Documents relating to the controversial 2010 gas supply contract and EFCC’s investigation activities were tendered and admitted by the judge as exhibits without objection from the defence.

The judge then went on to pronounce the two firms represented by the two men guilty.

Making an allocutus, plea for mercy, P&ID’s lawyer Akurunwua, urged the judge to consider “the forthrightness and candour” of P&ID by pleading guilty and not wasting the time of the court in the trial.

https://punchng.com/breaking-court-winds-up-pid-nigerian-affiliate-orders-forfeiture-of-firms-assets-to-fg/

So if they had no land, where did they house their assets? Nigerians wey mumu.

mark1010:
Wat kind of kangaroo court order is this Nigeria is a zoo

You and the five people who liked and shared the trash you wrote are AN!MALS.

PaChukwudi44:


and you think this order will have any bearing on the $9.6b judgement?

Biafran enemy of Nigeria spotted