Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,298 members, 7,954,186 topics. Date: Friday, 20 September 2024 at 01:50 PM |
Nairaland Forum / Nairaland / General / Politics / Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian (7930 Views)
Federal Government Repays $500 Million Eurobond Borrowed In 2013 / Foreign Creditors May Seize Presidential Jets Over Accumulated Debts / World Bank, China… Here Are Nigeria’s Top Five Creditors (2) (3) (4)
Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Blue3k(m): 3:12am On Aug 17, 2019 |
The Federal government has been urged to set up a high-level crises response team made up of Central bank of Nigeria (CBN), Nigeria National Petroleum Corporation and Ministry of justice, in response to Nigeria’s major loss at a British court on Friday over $9 billion damages for failing to honour a contract. Source: https://businessday.ng/lead-story/article/gas-dispute-creditors-may-go-after-nigerias-eurobond-custodian/ |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Blue3k(m): 4:07am On Aug 17, 2019 |
(P&ID) who won the judgement in London, might resort to going after Nigeria’s Eurobond custodian; a development which could have a devastating blow to the credit rating of the country, derail the 2018 budget and plunge the economy back into recession. Ok now I can see how they plan on taking cash. If they succeed Nigeria wil be up the proverbial creek without proper propulsion. In the Congos case court restrictions were lifted on it but not before they missed bond psyment. I'll be interested to see what becomes of this. |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by after4: 4:59am On Aug 17, 2019 |
So even on the international scene the solicitor general was also playing the popular APC blame game? If the past administration did not honor the agreement what stopped this administration from keeping to the agreement. This guys are just pathetic mediocres 21 Likes 4 Shares |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by tikristinimi21: 5:00am On Aug 17, 2019 |
It is well o 1 Like 1 Share |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by saheedbadmus(m): 5:02am On Aug 17, 2019 |
Our Govt and its blame blame thing.. am sure apc administration self would be blamed more than the way dey blamed pdp administration.. esha lo San gbese teje 3 Likes 1 Share |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by tempex88(m): 5:03am On Aug 17, 2019 |
This is big wahala for Nigeria and Nigerians.....FG need to appeal to PID and seek out of court settlement. 5 Likes 1 Share |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by aybabz101: 5:04am On Aug 17, 2019 |
k |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Nobody: 5:08am On Aug 17, 2019 |
We are just on autopilot in this country... 3 Likes 1 Share |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by MANNABBQGRILLS: 5:10am On Aug 17, 2019 |
Matters arising..... |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Difrent: 5:11am On Aug 17, 2019 |
after4: And what would make the past government of PDP not pay the debt during period of high crude sale if not corruption which is PDP trademark...its not about blame game but putting things in the right perspective 15 Likes 3 Shares |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by InvertedHammer: 5:13am On Aug 17, 2019 |
/ Worst case scenario, investors run for the hills. Naira joins its counterparts in Zimbabwe and Venezuela. Inflation hits the roof and the wailing will be out of this world. This NextLevel will be very interesting. / 5 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by generic236: 5:14am On Aug 17, 2019 |
SILDITOP 100 MG gained massive respect in the medicinal industry as it facilitates the required blood flow in the penis with the help of Sildenafil Citrate— the chief component of Viagra. Check out <a href="https://www.genericday.com/silditop-100-mg.html">Silditop price </a> |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by olajizz01(m): 5:15am On Aug 17, 2019 |
9billion dollars, equal to 3.2trillion naira,gbese re . why making agreement they couldn't fulfilled in the first place,if not that the regime was useless,they have to cancelled the agreement immediately after they have realized they couldn't keep with it,they think Oyinbo people were reckless just as Gej,Diazeni and her goon kept looting the treasury to bought jewelry and yatch but couldn't keep promise,stupid people, now they have caused problems for we Nigerians and present govt again. 12 Likes 1 Share |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by aybabz101: 5:17am On Aug 17, 2019 |
my country people sha! sh*t! dey still go talk this trash for court of law outside the country ?! SMH. Anyways, let sha pray make dem take d appropriate steps to subdue any form of panic among d investors. 2 Likes
|
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Agugbadin: 5:19am On Aug 17, 2019 |
When unintelligent persons are elected to rule a country and make laws this is what happens, it back fires. 4 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by satelliteDISH(m): 5:21am On Aug 17, 2019 |
tempex88: Out of court settlement is long past after judgment. Go tell your government to pay up. Ordinary traders that fire razed down their shops in the market, Federal government will not compensate, yet they pay multiple taxation. Now, let me see if they will not pay up in this case. I think � all Nigerian traders should start taking up their cases to the British courts. Elzazaky and sowore should go to the British courts too. Too much sense will not kill me... |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Reinvented: 5:50am On Aug 17, 2019 |
olajizz01: Blame game continues... the previous government negotiated out of court settlement of $850m to be paid in tranches, But as usual Buhari saw it as PDP/GEJ fraud. They now went to court and here we are blaming GEJ. The oversabi Buhari is leading Nigeria to a third recession because he is "fighting" imaginary corruption. 20 Likes 2 Shares |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by airbrush: 5:56am On Aug 17, 2019 |
Blue3k: all pretense aside.let talk business it was predicted that Naira will slide at the last quarter of this year .because of the Govt excessive spending! but no people foresee this poo .this is a big problem.it will drag down the Naira and whenever the Naira start loosing value ......... ?. Venezuela will be our case!. i was preparing to take advantage of the poo from this Govt .but ever i is not even ready for this either. we need prayer for every Nigerian . financial crisis is becoming for everybody and it is value of the Naira going south and pushing us to the brink 2 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by airbrush: 6:01am On Aug 17, 2019 |
InvertedHammer: when buhari finish with this country .people will line up and will be fighting to be the first to jump off third main land bridge Lagos 4 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Afonja007: 6:02am On Aug 17, 2019 |
Difrent:dey there dey blame past goverment today one cannot drive his or her new car from Abuja to kaduna ondo to ekiti ore to Benin benue to nasarawa,o I command you in the name of ayamatanga oya begin to blame Jonathan's goverment , 3 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Coolcash1: 6:15am On Aug 17, 2019 |
Government is indeed a continuum what only changes is leadership. The fact that the issue started during the former president's administration does not mean today's government should ignore it nor unintelligently argue that it should be disregarded and suspended. This further shows lack of grip by Buhari on his government. He his not in tune and in touch with developments around the country and outside that could have major impact on the country. One would have expected critical and threatening economic matter like this to have been discussed at FEC and regular briefing by minister of finance assuring all stakeholders about the progress being made and measures planned should the judgment go against the government. I just hope after he finishes his tenure Nigeria's case won't be "there was a country". Meanwhile, Seun you really need to improve on your site. It's long overdue for upgrade. If not it's just a matter of time before another platform like this with much better interface and layout is created that will bury Nairaland. Kindly take to this advice. 7 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by vedaxcool(m): 6:21am On Aug 17, 2019 |
[s] Coolcash1:[/s] It was fraudulent and planned 1 Like |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by bishopkay: 6:23am On Aug 17, 2019 |
I remember this case and the GEJ's government then opted for an out of court settlement. The arrogant bastard rigging rugarist came in and as usual threw everything he didn't understand away without asking for details forgetting government is continuum Now Nigeria would pay for his foolishness very heavily! Imagine an out of court settlement which would have seen us pay $850m in tranches now a judgement debt worth $9b in whole payment. And to imagine one very uneducated fool went there with the APC blame game manuscript! Does he think the UK'S judicial system is like ours here which lack merit and can throw away a case with substance for a filing technicality? They think because they win cases here using the we vs them syndrome they can go replicate that outside the country? Bunch of inept fools! 16 Likes 2 Shares |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Maket: 6:23am On Aug 17, 2019 |
Why are we afraid of another recession? I heard from some political fanatics that foreign reserve is not important hence goodluck was right for spending our foreign reserve. |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by appini: 6:24am On Aug 17, 2019 |
Difrent: This is exactly what the permanent secretary said, and the international investors said he is an unintelligent person. 7 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by itsene: 6:27am On Aug 17, 2019 |
Stop linking Nigeria's economy to Europe's. Govt. officials running to Europe to sign contracts on behalf of Nigeria have always been a problem. |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by bishopkay: 6:27am On Aug 17, 2019 |
vedaxcool: Did we ever expect a better argument from educated sophisticated zom-bies like you? No! Go and tell the British courts it was planned. 2 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by Coolcash1: 6:28am On Aug 17, 2019 |
vedaxcool: This is the problem I have with Nigerians. How do you know this. Do you have proofs? Assuming it is, that's no longer the question. Now they have a big problem in their hands. I am not a partisan person and I like to address national issues objectively. 4 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by CoolAmbience(m): 6:31am On Aug 17, 2019 |
after4: It is really senseless how you tried to justify the past administration by bringing the new administration into this, without acknowledging that parties had been in court for years before the current Nigerian administration came into power. 3 Likes |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by lastempero: 6:37am On Aug 17, 2019 |
Nigeria is about to enter another round of recession with all these negative news flying around. |
Re: Gas Dispute: Creditors May Go After Nigeria’s Eurobond Custodian by CoolAmbience(m): 6:39am On Aug 17, 2019 |
Difrent: I agree with you completely. Everything isn't blame game. GEJ messed things up big time. He couldn't pay workers salaries, contractors etc, he depleted the excess crude and foreign reserve accounts. All these happened when crude sold for way more that it sells today, and over the last four years. He can't honour a common agreement. Mtchewww. 5 Likes |
2023: Again, SERAP Urges Atiku, Tinubu, Obi, Kwankwaso To Publish Their Assets / Nigeria Will Break Up, Jonathan Will Loose Election - Primate Ayodele / Fbi Closing In On The Bomb Blast Suspects/sponsors
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 62 |