OlujobaSamuel:
I talk am, this deal was designed to steal fund.
I don't think a responsible company should be interested in the dirty politics of blame game a country chooses to play with themselves, what they should be after is their fund.
The statement by this company sounds more like that of a naija politician than a responsible company.
Alpha Beta sef no fit release this kind statement.

You are very sharp. If indeed the statement if from the company, then something is fishy about that contract. It's partisan.
Even though I've never been a fan of PMB and have astutely been against him and his policies, I'm with him on this.

kmcutez:


Give the phone back to your mummy.

Damn!

losers always look for someone or somthing to blame over their mistakes, instead of correcting their mistakes

tsdarkside:


not our business...this is our tax money....defend it....!!

the way EFCC forcefully take properties from fraudsters and corrupt politicians same may be apply here.. No emotions ok

stormborn28:
so you think it is Nigeria court that foot drag cases? Go and ask Cameroun how they dealt with our foolish Attorney General who was incompetent in Bakassi case.. Nonsense everywhere

Well what you don't know is that it's easier to get a court judgement than to enforce the judgement. The company will be waiting for decades to see any Kobo. They will eventually settle for cents on the Dollar if they really want to see any of this judgment. The fact still remains that this case should have been settled by the Jonathan's govt instead of leaving it to the next govt when oil was selling for $28 per barrel. Did you really expect the Buhari govt to fork over $850 million DOLLARS when the country was struggling to stay afloat in 2015? NO.

mank1234:


You are very sharp. If indeed the statement if from the company, then something is fishy about that contract. It's partisan.
Even though I've never been a fan of PMB and have astutely been against him and his policies, I'm with him on this.

I've even tried searching the coy online and the only relevant results are ones related to this case with Nigeria.
The name sef sound somehow; Process and Industrial Development Ltd.
Don't be surprised if the promoters released this statement because their deal is about to be exposed.
We are yet to even hear name of the coy rep

tsdarkside:


we have to stick toghether wheather previous goverment or present is responsible....

do you even have that amount of crazy money to give....??

our reserve should be around 40billion to 50billion dollars.. Incompetency is what has played out.. That is to tell you how our government handle things back home... I laughed... If you are lazy, it will definitely show some day... So I'm not surprise

ORIENTATION101:
did the journey started in 2015?

Like seriously u expect a new administration with global oil crash to pay $850m for a imaginary plant when gej was borrowing to pay salaries at the tail end of his tenure.

The 419 company will not collect any pin from Nigeria.by the time efcc is done with the investigation of the shady contracts ,those behind will be unveiled.

PID can go to hell $9b kill them

ok ooo... I'm waiting for EFCC to do the magic

Osidazz19:


Well what you don't know is that it's easier to get a court judgement than to enforce the judgement. The company will be waiting for decades to see any Kobo. They will eventually settle for cents on the Dollar if they really want to see any of this judgment. The fact still remains that this case should have been settled by the Jonathan's govt instead of leaving it to the next govt when oil was selling for $28 per barrel. Did you really expect the Buhari govt to fork over $850 million DOLLARS when the country was struggling to stay afloat in 2015? NO.

government is continuum... So I dey laugh

This made very painful reading.

I'm sure if Buhari had negotiated with the company early on, they might have paid off the company with about $300m rather than the $850m.

A tough negotiator I'm sure could have extracted such a concession if they assured the company of immediate payment or confirm structured payments. The company would have preferred this rather than the seizing of elusive government owned assets worldwide.

A complete lack of professionalism was Nigeria's undoing.

Buharist need to understand that no matter how much integrity a man has, it can not make up for his intellectual deficit.

This Malami is grossly incompetent.

gaskiyamagana:

CHAF :CHILD OF HUNGRY ANGER AND FRUSTRATION.

Buhari na complete failure in every spheres of life

The name of the newspaper is even very funny.

The Boss Newspaper. All these overnight image laundering online media!!

Omooba77:
The attempt by President Muhammadu Buhari to 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.

http://thebossnewspapers.com/2019/08/30/buhari-not-jonathan-to-be-blamed-for-9bn-judgement-debt-says-pid/amp/#click=https:///xLzi8x01ob

I marvel when I see people who can't afford three square meal a day trying to defend corrupt politicians.

The fact is, Jonathan would go down in history as one of the most corrupt Politicians in Nigeria.
Op while trying to exonerate GEJ, read what Aondooakaa who was the AGF when the supposed contract was signed said as regards this issue then tell us if you think there's nothing shady about the deal and if any responsible government should pay a dime to a Firm that didn't invest a cent in Nigeria.

https://www.google.com/url?q=https://www.thecable.ng/pid-gas-contract-was-not-approved-says-aondooakaa&sa=U&ved=2ahUKEwiftPy8yKvkAhWK6aQKHe_yAIIQFjAMegQIBBAB&usg=AOvVaw1g5pzMQH7PXxEYn-Y6PzbG

gaskiyamagana:

Only fool will absolve Jonathan.
What of Malabu oil block scam?

Fool

Osidazz19:
So these morons were expecting Buharito handover $850 Million dollars in 2015 when Nigeria was so broke that they could hardly pay salaries? Why didn't Jona-daft settle the case when oil.was selling for 140 dollars per barrel? The govt should just appeal the case until they get tired and will settle for peanuts.

That is the problem, we keep thinking it is a Nigerian court until things get out of hand, then we start looking for who to blame again!!!

[s]

SuperS1Panther:
The name of the newspaper is even very funny.

The Boss Newspaper. All these overnight image laundering online media!!

[/s]
shut up

P&ID you people are wrong, how can you blame the blamer. Oya tell me now, na who you want make him blame now?

APCHaram:


Where's the article and link?

Only a slowpoke will blame Jonathan.

This is a serious assault on the Rule of Law by a demonstrably dishonest administration.


Dishonest administration!

In setting the record straight, the company started from 2015 when negotiations were made to pay them $850M. Why not start from the very beginning; i.e. the award of the contract, your part of the bargain, Nigeria's part of the bargain, how much you've delivered of your part of the bargain, how much Nigeria has failed to deliver of her own path of the bargain.

I'll never support our government to pay a dime in connection to this monumental fraud and all those that were involved in entering into this kind of wicked contract should be delt with ruthlessly

gaskiyamagana:

Only fool will absolve Jonathan.
What of Malabu oil block scam?

Fool, Malabu oil scam is tied to Abacha regime with Etiete.

Next time ask the cabin biscuit generation before you post your indomie stupidity

SuperS1Panther:
The name of the newspaper is even very funny.

The Boss Newspaper. All these overnight image laundering online media!!

It's owned by Dele Momodu

DedeNkem:
We are going to lose $9billion+ because of the inept id*iotic Fulani terrorist in Aso rock! The North is a huge curse to this country!

Bet me by the time buhari finish with the panel investigation the debt will be $80billion

Osidazz19:


Well what you don't know is that it's easier to get a court judgement than to enforce the judgement. The company will be waiting for decades to see any Kobo. They will eventually settle for cents on the Dollar if they really want to see any of this judgment. The fact still remains that this case should have been settled by the Jonathan's govt instead of leaving it to the next govt when oil was selling for $28 per barrel. Did you really expect the Buhari govt to fork over $850 million DOLLARS when the country was struggling to stay afloat in 2015? NO.

Things have since moved beyond that stage. They just secured a judgement to start confiscating our assets abroad.

The stage they are now is identifying which assets to seize in enforcement of the court order.

They are not waiting for Nigeria to willfully pay them again. They are going ahead to use any Nigerian assets they can get hold to offset the judgement debt. They earlier cited Argentina and Venezuela as two countries that had been so treated. They went after a naval vesel in one of the cases.

That's the reason the government should have treated everything as urgent and important. The more reason they should make conciliatory move in this case.

Akpuoru:
I'll never support our government to pay a dime in connection to this monumental fraud and all those that were involved in entering into this kind of wicked contract should be delt with ruthlessly

You don't understand.

It's not up to the 'government to pay a dime", it's for P&ID to seize $9.6b assets belonging to Nigeria. They are the ones about to deal 'ruthlessly' with Nigeria.

tsdarkside:
f you....!!

were is the product promised....??

shey una see how this people are....??

jonathanians and buharits should blame each other and forget that the product was not even delivered atall....shey una see now how white people realy are....??

They are very mischievous and greedy..
They are the real yahoo men.

They sholud start by seizing the Nigerian embassy in London.

Akpuoru:
In setting the record straight, the company started from 2015 when negotiations were made to pay them $850M. Why not start from the very beginning; i.e. the award of the contract, your part of the bargain, Nigeria's part of the bargain, how much you've delivered of your part of the bargain, how much Nigeria has failed to deliver of her own path of the bargain.

Apparently, the company was reacting to the claims of the Buhari government; trying to exonerate itself from the entire process and treating the whole deal as a scam; during a press conference. That press conference was what necessitated the statement stating the current government's role in the transaction.

OlujobaSamuel:

I've even tried searching the coy online and the only relevant results are ones related to this case with Nigeria.
The name sef sound somehow; Process and Industrial Development Ltd.
Don't be surprised if the promoters released this statement because their deal is about to be exposed.
We are yet to even hear name of the coy rep

Lol

You people ehnnn.

This same company just won a case against Nigeria in a British court where their online activity was of no significant value. What the court relied on was the written agreement between the company and the Nigerian government.

Shame on the bigot Buhari. Shame on the incompetent Attorney General Malami. And shame on the fools still supporting this dishonest administration.

Osagyefo98:
This is a serious assault on the Rule of Law by a demonstrably dishonest administration.


Buhari taught it was Nigeria as usual.


Illiterate buffoon

A typical case of "kettle calling pot black." It is 'thought' and not 'taught.'