The Minister of Information and Culture, Alhaji Lai Mohammed has expressed optimism that the entire arbitration decisions and judgment debt of $9.6 billion against Nigeria by a UK court over a botched gas contract would be set aside.

The Minister stated this in London while reacting to Thursday’s ruling by a UK commercial court staying execution of the 9.6 billion dollar judgment debt and granting leave for Nigeria to appeal the decision in the UK appellate court.

A text of the minister’s reaction was sighted by News9naija.
The text reads; “We now have a fresh opportunity of arguing our case and even filing separate suit to argue that the entire judgment be set aside.

“As we have been saying everywhere we go, we have been compiling arguments that will make our case and position to set aside the judgment debt, an easy thing,” he said.



The minister noted that besides the victory in the court, the federal government delegation to the UK, had succeeded in changing the narratives of the case in favour of Nigeria, in the international community.

The government delegation included the Minister of Justice and Attorney General of the Federation, Abubakar Malami (SAN) and the Governor of Central Bank of Nigeria, Godwin Emefiele, the Inspector-General of Police, Mohammed Adamu and the Acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.

“We came here with the sole purpose of not just winning in court but also winning in the minds of the international community.



“We started by visiting key media outlets, key business and financial groups such as Bloomberg, Financial Times, the Economists and others.

“I must say that over 24 major publications that published our stories are from our own viewpoints.

“What we are saying is that, until now, only the voice of P&ID was heard, only their own side of the story was heard but in the last four days our efforts in visiting the key media outfits and think tanks have paid off in changing the narrative,” he said.



Mohammed said the meeting with investors and other stakeholders had also helped to change the negative narrative that the case might hamper foreign investments into the country.

“Many of them at the meeting are investing in Nigeria and holding key positions in the society.

“By the time we came out of the meeting, they had more empathy for our course and even many of them volunteered to serve our course in a very patriotic manner,” he said.

The minister recalled that prior to the visit, the plaintiff, armed with the court judgment, had been threatening enforcement by way of attaching financial and associated assets of Nigerian state.

He said with the relief granted by the court, the harassment by the company and its handlers of compiling the nation’s assets for attachment would stop.

It would be recalled that the UK court had on Aug. 16 authorised P&ID, a little known Irish engineering and project development company to seize the 9.6 billion dollars, about N3.5 trillion in Nigerian assets over a failed contract.



The court ruling was a fallout of the botched 20-year Gas and Supply Processing Agreement (GSPA) and the subsequent award made in July 2015 in favour of P&ID, by an arbitration panel sitting in London.

The GSPA was purportedly entered into in 2010 between the Federal Ministry of Petroleum Resources and P&ID.

In the failed contract, P&ID was to build a gas processing facility to refine associated natural gas into non-associated gas to power the national electric grid.

On its part, the Ministry was to build pipeline to supply gas to P&ID facility to be located in Adiabo, Odukpani Local Government Area (LGA)of Cross River state.

The agreement went sour because the company which did not build any facility at the agreed site, blamed the Ministry for not constructing the pipeline for gas supply alleging that it had committed 40 million dollars into the contract.

https://www.pmnewsnigeria.com/2019/09/27/nigeria-optimistic-pids-9-6b-judgment-will-be-set-aside/amp/

APC --- Affidavit Pass Certificate

"Without any distraction we are here today, now that there is external distraction only God know where our country would head to"

Don't forget, they are also going to be holding a security deposit of $200 million.......

Let's watch this space........

Another Lai?

Better hurry up and pay the $450 million
Before you tell us Lai was misquoted

So they have finally woken up. Exactly what they should have done when the took over power, but spent 4 years blaming the past government. And by the way coming from the mouth of this particular man, there is no hope.

Instead of talking go and pay the 200 million guarantee the court ask for before the 2 weeks elapse

Legendary Lai_d_Liar has spoken!

Busy003:
The Minister of Information and Culture, Alhaji Lai Mohammed has expressed optimism that the entire arbitration decisions and judgment debt of $9.6 billion against Nigeria by a UK court over a botched gas contract would be set aside.

The Minister stated this in London while reacting to Thursday’s ruling by a UK commercial court staying execution of the 9.6 billion dollar judgment debt and granting leave for Nigeria to appeal the decision in the UK appellate court.

A text of the minister’s reaction was sighted by News9naija.
The text reads; “We now have a fresh opportunity of arguing our case and even filing separate suit to argue that the entire judgment be set aside.

“As we have been saying everywhere we go, we have been compiling arguments that will make our case and position to set aside the judgment debt, an easy thing,” he said.



The minister noted that besides the victory in the court, the federal government delegation to the UK, had succeeded in changing the narratives of the case in favour of Nigeria, in the international community.

The government delegation included the Minister of Justice and Attorney General of the Federation, Abubakar Malami (SAN) and the Governor of Central Bank of Nigeria, Godwin Emefiele, the Inspector-General of Police, Mohammed Adamu and the Acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.

“We came here with the sole purpose of not just winning in court but also winning in the minds of the international community.



“We started by visiting key media outlets, key business and financial groups such as Bloomberg, Financial Times, the Economists and others.

“I must say that over 24 major publications that published our stories are from our own viewpoints.

“What we are saying is that, until now, only the voice of P&ID was heard, only their own side of the story was heard but in the last four days our efforts in visiting the key media outfits and think tanks have paid off in changing the narrative,” he said.



Mohammed said the meeting with investors and other stakeholders had also helped to change the negative narrative that the case might hamper foreign investments into the country.

“Many of them at the meeting are investing in Nigeria and holding key positions in the society.

“By the time we came out of the meeting, they had more empathy for our course and even many of them volunteered to serve our course in a very patriotic manner,” he said.

The minister recalled that prior to the visit, the plaintiff, armed with the court judgment, had been threatening enforcement by way of attaching financial and associated assets of Nigerian state.

He said with the relief granted by the court, the harassment by the company and its handlers of compiling the nation’s assets for attachment would stop.

It would be recalled that the UK court had on Aug. 16 authorised P&ID, a little known Irish engineering and project development company to seize the 9.6 billion dollars, about N3.5 trillion in Nigerian assets over a failed contract.



The court ruling was a fallout of the botched 20-year Gas and Supply Processing Agreement (GSPA) and the subsequent award made in July 2015 in favour of P&ID, by an arbitration panel sitting in London.

The GSPA was purportedly entered into in 2010 between the Federal Ministry of Petroleum Resources and P&ID.

In the failed contract, P&ID was to build a gas processing facility to refine associated natural gas into non-associated gas to power the national electric grid.

On its part, the Ministry was to build pipeline to supply gas to P&ID facility to be located in Adiabo, Odukpani Local Government Area (LGA)of Cross River state.

The agreement went sour because the company which did not build any facility at the agreed site, blamed the Ministry for not constructing the pipeline for gas supply alleging that it had committed 40 million dollars into the contract.

https://www.pmnewsnigeria.com/2019/09/27/nigeria-optimistic-pids-9-6b-judgment-will-be-set-aside/amp/

THAT IS HOW NIGERIA 'S POLITICAL LEADERSHIP WAS SO OVER CONFIDENCE OF HAVING THE WORLD COURT JUDGEMENT ON THE BAKASSI PENINSULAR IN THEIR FAVOUR.

Unfortunately, Cameroun won the case and the poor native of Bakassi was forced out of their ancestral homeland all because of Obasanjo 's stupidity.

They should not be overconfidence of victory.

Already, they had part with $200 million security deposit as a form of stay of execution.

Have we not started loosing money and the case already?

FEAR THE BRITISH AND THE FRENCH, THEY ARE NOT LIKE THE AMERICANS OR SWISS.

He should not prejudge the case, compelling or not.

Lai please just shut your trap and let subject matter expert handle this issue professionally. This isn't politics this is some serious stuff going on here.

gbishman:
Lai please just shut your trap and let subject matter expert handle this issue professionally. This isn't politics this is some serious stuff going on here.

nonsense as usual

this case ever me who is not a lawyer can tell that Nigeria cannot win it

simple you can not ignore international contract to score cheap political point

Good one, but you failed to inform us that this new judgement granting leave for Nigeria to appeal the decision in the UK appellate court cost us $200m Mr Liar Mohammed

It's good to be positive and confident. But this one? Nigeria is in. Meanwhile the Lai refused to inform that the hurried court conviction of P&ID in Abuja was thrown into the garbage by the British court. Soon we will find out.

and their is nothing they can do about it....

what what....??

they wan size embassies....??

only corrupt looters have things abroad,nigerian goverment still cant loose....

airbrush:



nonsense as usual

this case ever me who is not a lawyer can tell that Nigeria cannot win it

simple you can not ignore international contract to score cheap political point

they cant do much because of a fraudulent contract to start with....

nigeria would just become another nord korea....

If its not set aside I trust that its the unfortunate citizens that would still pay for this madness on the side of the government.
They will pay through either increase in tax or fuel or something like this new fraudulent bank deposit charges they want to introduce.
Its always the citizens that bear the brunt of the deliberate malfeasance of the governments in this shithole cos they are too docile to think and act.

airbrush:



nonsense as usual

this case ever me who is not a lawyer can tell that Nigeria cannot win it

simple you can not ignore international contract to score cheap political point

I hate when idiots with no knowledge of international contracts talk shit! How anybody expect Nigeria to part with $9.6b over a phantom project with no known outlay and corrupt practices and fraud all around it. I hate charge and bail half baked lawyers who talk shiiiit! Guess whom I am referring to?

themanderon:
If its not set aside I trust that its the unfortunate citizens that would still pay for this madness on the side of the government.
They will pay through either increase in tax or fuel or something like this new fraudulent bank deposit charges they want to introduce.
Its always the citizens that bear the brunt of the deliberate malfeasance of the governments in this shithole cos they are too docile to think and act.

No decent court on this planet will award $9.6b to a claimant who has done and spent nothing. It is not going to happen. There are far more decent human beings on this planet to allow that to happen.

What we need to do is give the case international publicity and you'll see everybody involved running for cover!

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Anything this one gives statement on just know its a lie like his name Lai

It was yar'adua cabal led by his wife turai that got us to this point... God saves us