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Business / Re: I Am 41 And Can Buy Almost Anything I Want – Lady by emaopel: 6:32pm On Dec 04, 2019
Have you used it to buy good husband for your self
Crime / Re: Fake Blind Woman-Beggar Arrested In Ekiti With 10-Year-Old Girl by emaopel: 1:24pm On Sep 22, 2019
I also gave this stupid woman my #50 last week under the same bridge when I saw her and pity her too...that is why I don't trust these beggers now a days...
Celebrities / Re: #CHIVIDO2020: Chioma And Davido Getting Married, Celebrities React (Photos) by emaopel: 2:58pm On Sep 07, 2019
God bless and uphold the union... Congratulations in advance #Chivido
Celebrities / Re: #Chivido2020: 6 Unmatched Qualities Chioma Used To Lure Davido Into Marriage by emaopel: 2:51pm On Sep 07, 2019
emeijeh:
Chivido ko, Chivita ni.

Congrats to them tho'
Jealousy dey worries you...accept your fate!
Politics / Re: Nigeria’s $9 Billion Debt To P&ID: Everything You Need To Know by emaopel: 7:46pm On Sep 03, 2019
Shoodboi:
Did Buhari mess up with the initial $850 settlement?


www.nairaland.com/attachments/10154565_image24_jpeg0fe5e48c340d8a34a853b788af33348a

Buhari did mess up but we cannot really blame him since he inherited the problem from his predecessors.

That is not P&ID’s problem though since government is continuous.



Why didn’t Buhari just pay?


Buhari is infamous for four terrible things:

1. Running a country into a recession within a short period.
2. Leaving the country for long periods of time.
3. Flouting agreements and court orders.
4. Delaying in appointing ministers.
All four got him into the current mess with P&ID.



Prove it…

www.nairaland.com/attachments/10154566_image25_jpeg22b53f22d872096438ee21ceb727ec01


The then General Buhari ran Nigeria into a recession during his one year and eight month long tenure that lasted from December 31, 1983 to August 27, 1985.

He ran Nigeria into a second recession soon after he became president in 2015. This one lasted from 2016 until 2017.

Experts say he will lead Nigeria into a third recession from mid-2020 until 2021.

Buhari was slow in appointing ministers after he was elected president in 2015 and 2019.

He took six months to appoint ministers in 2015 and three months in 2019.

The 2019 appointments could be considered six months if we count from February when he won the polls.

(Buhari was sworn in as president on May 29th in both instances.)

In 2015, Buhari only appointed Abubakar Malami as Attorney General and Minister of Justice on November 11.

On July 17, 2015, two months after Buhari became president, an arbitration tribunal in the UK upheld the $6.6 billion March 2013 judgment against Nigeria.

Nigeria was minister-less at the time.

Buhari is also in the habit of leaving the country for long periods of time to receive medical treatment in the UK.

In 2017, he even spent four months in the UK — at a single stretch.

Sometimes, he did not even bother handing over to Osinbajo before leaving.

Even when he handed over, the Aso Rock cabal still bypassed Osinbajo and flew documents to Buhari to sign while he was still receiving treatment in the UK.

This was what they did with Yar’Adua.

The public soon found out, causing Buhari to tell members of the cabal to direct all official documents to Osinbajo.

Let’s not talk about that part where Buhari disobeys court orders and agreements.



What did Malami do?

www.nairaland.com/attachments/10154572_image26_jpegc253b17eed8f2ba5b4fffc75455d0e49


In 2015, Buhari and Malami still refused to negotiate with P&ID even though it was becoming clear that the judgment will soon become a problem.

Malami started getting involved in the case around late 2016 and early 2017 when the British court upheld the 2013 Washington DC judgment and ordered Nigeria to pay P&ID over $9 billion.



Did Buhari and Malami open negotiations with P&ID?

No, the Buhari-led Nigerian government neither opened negotiations nor paid.

It is worthy to know that Nigeria was in recession at this time.

The cat and mouse game continued until mid-August 2019, when the UK court allowed P&ID seize Nigeria’s assets to recover its money.



What did the Nigerian government say?

The Nigerian government went into overdrive after the mid-August 2019 judgment.

Zainab Ahmed, the Minister of Finance, Budget and National Planning, called the judgment an attack on every Nigerian.

Godwin Emefiele, the governor of the Central Bank of Nigeria, has called P&ID a fraud.

Buhari and some members of his cabinet have also thrown some facts around. Let’s analyze them.



Buhari’s government vs P&ID vs the Truth


www.nairaland.com/attachments/10154573_Image27_jpegf82fd03071a4d2bdbb08f9ec4af4e481

Buhari’s government: The 2010 contract with P&ID was flawed. Nigeria did not sign it.

P&ID: The contract was legitimate.

The Truth: It was flawed … for Nigeria at least.

Yar’Adua was ill and there was a power vacuum back home at the time the deal was signed.

It is possible that neither Yar’Adua nor Jonathan signed that deal.

But someone signed for Nigeria. Who was that person?

Verdict: The fact remains that the deal was probably signed.

Whoever signed for Nigeria is not P&ID’s business. That’s Nigeria’s headache.

However, it might help if Nigeria can prove that someone forged a signature or something. Bonus points if P&ID was involved in the sham.

Winner: P&ID if it was signed. Nigeria if it was not.



Buhari’s government: P&ID demanded a $850 million settlement even though it did nothing.

P&ID: We spent $40 million on the licenses, equipment and some other stuffs after we thought about the deal in 2006.

The Truth: It seems P&ID did really spend some money but that was before it even approached Nigeria for a deal.

Verdict: Whatever P&ID spent on licenses, feasibility studies and whatever is none of Nigeria’s business.

Their expenses only become relevant after the deal was signed.

Winner: Nigeria obviously!



Buhari’s government: The 2010 contract with P&ID was void because the Federal Ministry of Petroleum Resources does not manufacture gas or possess oil or gas reserves.

P&ID:
The gas was to be procured from Exxon Mobil and Addax petroleum’s OML 67 and 123, and not from the ministry.

The Truth: The Federal Ministry of Petroleum Resources was sourcing the gas from Exxon Mobil and Addax petroleum.

Verdict: This is a no-case argument. The Nigerian government should have never brought it up.

Winner: P&ID.


Buhari’s government: NNPC was not aware of the deal.

P&ID: Nigeria set up a Joint Operating Committee on July 22, 2009.

On board were two representatives from the Nigerian petroleum ministry, two from NNPC and the last two from P&ID.

The Truth: No one knows.

Verdict: NNPC should speak up on this.

Winner: It should be P&ID. But this too is a no-case argument.



Buhari’s government: P&ID cannot sue Nigeria in a UK court over a deal that happened in Nigeria.

P&ID: Sure, we can and we did.

The Truth: This part is very complicated and we have addressed it below.

Verdict: Buhari should be right but as we said, it is complicated.



Should P&ID be able to sue Nigeria?

www.nairaland.com/attachments/10154574_image30_jpege03cec93047375e5470346807bdecb69


This part is very complicated. Only experienced lawyers specialized in international, business and corporate law can give answers.

But a short answer:

In a Nigerian court? Maybe.

In US or UK courts? No, although it could sometimes be a maybe.



Can P&ID sue the Nigerian government in a Nigerian court?

www.nairaland.com/attachments/10154582_image31_jpeg842aadcc6d9a6bae1131129c4cb3dec3

P&ID or any other person or company in Nigeria or elsewhere cannot sue the Nigerian government in Nigeria because of sovereign immunity.

Sovereign immunity is a legal doctrine that protects a country from legal cases — even when the country is wrong.

A country can only get sued when it waives its sovereign immunity.

So P&ID cannot sue the Nigerian government or the Ministry of Petroleum Resources, which is considered a part of the executive arm of the Nigerian government.



Can P&ID sue the Nigerian government in a US or UK court?

www.nairaland.com/attachments/10154584_image32_jpegae25574a9d94c72fd47db56c5eb0c095


P&ID cannot sue Nigeria in a US or UK courts because of what we call state immunity.

State immunity is the international version of sovereign immunity.

It protects a country, business or government agency from suing another country in its own country.

However, state immunity could sometimes be waived at the discretion of the country where the lawsuit is happening. That is, US and UK in this case.

Most countries do not waive state immunity over the possibility of a political and diplomatic fallout.



Do US and UK courts have jurisdiction over the case?

The answer is a no.

P&ID should be unable to sue Nigeria in the UK or US because the both courts lack jurisdiction over the deal.

(Jurisdiction is “the official power to make legal decisions and judgments.”)

The deal happened in Nigeria and involved the Nigerian government and a business registered in the British Virgin Islands.

Only a Nigerian court and maybe, a British Virgin Islands court, should have jurisdiction over such case.

The Buhari-led federal government raised this argument but the London court went on to deliver judgment anyway.



But the British Virgin Islands depends on the UK for its foreign affairs

True! But this lawsuit does not seem to be one that falls under British foreign affairs.

Even if it did, it is of no concern to the US.

Yet a US court passed the initial $6.6 billion judgment.



How then did P&ID win the judgment?


The UK court proceeded with the lawsuit because P&ID sued under the 1958 Convention on the Recognition and Enforcement of Arbitral Awards (aka the New York Convention).

The New York Convention is an international treaty that allows businesses sue other countries in their own country.

159 countries including the UK, US and Nigeria are signatories to this treaty.

www.nairaland.com/attachments/10154583_image33_jpegb8c1d5dccbc1b0ec5b8bbd45c8489de9


Signatory nations are in light blue.

But this too should have been impossible since P&ID is registered in British Virgin Islands and not in the US or UK.



Other things you need to know…

www.nairaland.com/attachments/10154585_image35_jpeg941efdd219e86898a3d62bc01254bd57


A US hedge-fund manager called VR Capital Group has acquired a 25% stake in P&ID since judgment was delivered.

(Hedge funds are businesses that invest in very risky businesses.)



Why did VR Capital Group invest in P&ID?

VR Capital Group wants P&ID to continue suing the Nigerian government



Why?

Because that is the only way it (VR Capital Group) can make a profit.

Hedge funds are a game of numbers.

The investors know they will either profit massively or lose miserably. There is no middle ground.

They make their profits when the courts allows them retrieve and sell Nigeria’s assets.

They lose if the courts don’t.

For now, they are funding P&ID so it can continue suing the Nigerian government.

There are indications that VR Capital Group and P&ID have even contracted US-based lobbyists to allow it seize Nigerian assets in the US.



Who are lobbyists?

Lobbyists are people or businesses who “make donations” to US senators and legislators money so they can raise a motion, pass or frustrate a law in the Congress.

(Congress is US’s version of our National Assembly.)



What do you mean by “donations”?

Lobbyists cannot pay the senators and legislators directly.

So they take them out for dinner, buy them gifts, fund their reelection campaigns, organize fundraisers, donate to their communities, find their staff and families good paying jobs … you get the deal.




What? Isn’t that bribery?

You don’t call it bribery when it is supported by the government.

Lobbying is legal in the US.



Can we call it legal bribery?

Yes. Lobbying is legal bribery and corruption.



What are the consequences for Nigeria?

This P&ID court case has legal consequences not just for Nigeria but for almost every other poor and middle income country out there.

Other multinationals will start suing other countries including Nigeria over the most frivolous reasons if P&ID is ever able to seize Nigeria’s assets.

This will further impoverish poorer countries and put them under the armpits of these richer nations.

It is unfortunate but that’s how the international politics work.

Source.

Well documentation s and detailed information. But Action and Inaction of the present Government is causing more harm to the Country in all aspect. This is time for government to always rise up for her responsibility and stop blame games.
Politics / Re: Protest As Makinde Nominates Seun Fakorede As Commissioner For Youth & Sports by emaopel: 1:31pm On Aug 22, 2019
Shame on them...I don't think these people have children that have future at all...

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Politics / Re: FG Changes From 'Aso Rock' To 'NigeriaGov' On Twitter (Photos) by emaopel: 11:53am On Aug 16, 2019
Time for change indeed... He has already changed his portrait...
Sports / Re: Alex Iwobi Unveiled As An Everton Player [photo] by emaopel: 3:53pm On Aug 13, 2019
Better for your career to go to Everton rather than warming the bench at this stage of your career at Arsenal
Romance / Re: Groom Walks Out After Seeing Bride Kiss Another Man On Wedding Day (Video) by emaopel: 3:38pm On Aug 13, 2019
Lack of respect to the groom and his family
Travel / Re: What Do Nigerians Do For A Living When They Travel Abroad? by emaopel: 9:48am On Aug 13, 2019
post=81200652:
Some go to school to get a good job and a good life thereafter,
While others constitute nuisance and go into a life full of fraud.

It all depends on the individual.

We always wonder how some people will have such good opportunity but be comfortable doing crime.

Some have heads but don't have caps,
Some have caps but no heads.


We will get there too someday.


This deserves to be on Front Page.
You've said it all man.
Nothing to be added!




Mature and reasonable minds right here!
You've said it all Guys!
It is just so appaling reading comments from some kids here!



You are always welcome.
We can feel what you are talking about,
we comment here often, so we have encountered thousands of silly and insensitive comments here.
Nairaland surely has a very huge potential and the moderators are doing all they can to sanitize the forum,
we hope they surely get there.

@I'm a woman,
That is noted sis.
All the very best in all you do!
How is the blogging thing going ma'm?! wink
You have all spoken well... This is great opportunity to learn something tangible but some lazy youths want to spoil the trend

1 Like

Politics / Re: Senators, Reps Buy Suvs, Property At Ridiculous Give-away Prices by emaopel: 9:24am On Aug 13, 2019
Where is the CHANGE voted for then?
Sports / Re: Everton Announces The Signing Of Alex Iwobi by emaopel: 11:15pm On Aug 08, 2019
There is room for better thing to come from you... I will miss you at Arsenal...Best of luck

1 Like

Family / Re: My Wife Changed 2 Weeks After Wedding!! by emaopel: 12:50am On Aug 04, 2019
My guy! You need to be a Man and stand for your right as husband! First, call her or take her out to discuss what you have been observing and pour your feeling out for her since she is your wife, if no changes.... Go for DNA of that your baby... I think she has misbehaved during her birthday which has made her to have guilty mind since... If no changes from her you need to take firm decision as Man...and let her know you are the head...but don't beat her...
NYSC / Re: Ogun Corper Stopped From Clearance For Converting Her NYSC Khaki To Skirt by emaopel: 11:04pm On Aug 03, 2019
Obeying the law of the land is not a sin
Family / Re: Is It Okay For My Mum To Send Money And Food To My Married Sister ?? by emaopel: 12:17pm On Jul 29, 2019
[quote author=pocohantas post=80736387]Sebi una say it isn't about money, but love.
Your sister has been misled by one religious leader into marrying a broke man. I don't know why they never connect someone to the rich ones.

How can I marry a poor ancestor? What did he spend his youth doing, if he didn't make good money?

Your sister should better go look for a job and fenf for herself. Maybe her husband too grin You Sister got pregnant before their wedding... It meant that no religion leader force your sister on the old man but foolishness of your sister... How could she be sleeping with man she wasn't intend to marry? Your sister got what deserve so...don't blame any religion leader for your sister predicament

1 Like

Romance / Re: My Fiancee Doesn't Like Sex, I'm Facing Huge Problem With Her by emaopel: 6:06am On Jul 20, 2019
thesicilian:

If you're not sexually compatible, it's going to be a huge strain on marriage later on. If she doesn't like sex now, imagine how bad it's going to be after having one or two children, maybe you'll be having sex twice a year: on your birthday and Valentine's day (or maybe once a year if your birthday is Feb 14). The ideal thing you should do is either learn to deal with it like that, or leave her alone and find someone else more sexually compatible with yourself. Otherwise you just might end up in a frustrated, infidelity-laden marriage.
it might be...she still want to respect herself since no marriage ... Man can still break her heart...try to do it with much pre-intimacy anytime not rushing for sex without prepare her mind.

2 Likes

Romance / Re: My Girlfriend Told Me She Is Not In Good Health And Wouldn't Want Me To Suffer by emaopel: 6:00am On Jul 20, 2019
masternoble:

I have thought about all these. But how should i end the relationship peacefully without hurting her emotionally, because she was emotionally down before we started dating and I was the one that brightened her mood. Even all my attempts to call it quit so far, she still don't want to give up on me.
Try to be her good friend on one condition that with be secret between the two of you...she need to tell you what is actually happening to her for you to know your limit in the romance play and try to keep it and respect her... Best of luck
Politics / Re: Oyo Is Technically Bankrupt - Governor Makinde by emaopel: 6:23am On Jul 03, 2019
Elemosho478:
It is like PDP governors have nothing to offer other than Blame game

Like your Buhari APC government... Birds of a feather
Politics / Re: 60 Presidential Candidates Fault PDP, Atiku On Use Of Server by emaopel: 4:24pm On Jun 25, 2019
Only the last paragraph has meaning and must be addressed.
Crime / Re: Ola-Brain: 27-Year-Old Man Commits Suicide In Lagos by emaopel: 6:14am On Jun 25, 2019
freemanbubble:
Me nor dey understand how people go carry dey commit suicide


Which kind life wahalar I get when i go dey think of suicide as option
I dey craze
Anyway Bini boys and warri boys can never commit suicide. No matter what

If I get problem then i go smoke enough weed

When i fail all my programming language
Pascal F
Fortran F

As i see the result. Na call my guy make he buy enough weed
Na so i take smoke till 2am
This one kill gradually and worse than suicide o...pls, stop it...as it is not the best option
Food / Re: Do You Chew Or Swallow Your ‘swallow’ Meals? by emaopel: 11:29pm On Jun 11, 2019
Swallow food is not for chewing
Romance / Re: Should I Go Ahead And Marry Her? by emaopel: 10:53pm On Jun 11, 2019
LasLas:

I am actually seeing some feminism traits in her and some other issues.... Sometimes now her talks irritates me
I think you have spiritual problem from your family or she has it...that resulted to hatred after both of you have introduced yourselves to the families... Both of you need to think and prayer in order to break the jinx before it too late

3 Likes

Romance / Re: My Girlfriend Took An Oath With Her First Boyfriend by emaopel: 10:46pm On Jun 11, 2019
Since the other guy has married...the covenant has broken by the first party... Just be positive and be prayer... Pls don't let any pastor scare you too but both of you must be one as you have also covenant with her too
Jasen1:


OK let's take it as me sir

Will such thing affect me and the unborn child?

Because I don't know what they pronounce to each other that day

2 Likes

Politics / Re: Atiku vs Buhari: What happened in court on Tuesday by emaopel: 9:05pm On Jun 11, 2019
Wasting of precious time

1 Like

Politics / Re: Okorocha Produces Handover Note After Ihedioha Issued Ultimatum- Pictures by emaopel: 10:56am On Jun 04, 2019
Acidic rain destroyed all his achievement before he left office...Big shame Okorowucha

2 Likes

Nairaland / General / Re: Lagos Beggar Refuses Sachet Water, Insists On Getting Bottled Water by emaopel: 10:31am On Jun 04, 2019
The sole called beggar might be the gather of the woman children now... Reason for been authoritative with his demand because he want to proof a point that he is the husband no matter the situation
Religion / Re: Collins: My Visit To Ayo Babalola Prayer Mountain At Ikeji Arakeji (Photos) by emaopel: 5:53pm On Jun 02, 2019
Thank you for the great work of God...you only snapped the gate... Auditorium and places inside still there... Thanks
Education / Re: Poor State Of Obizi Community Secondary School In Ezinihite LGA, Imo State by emaopel: 10:01am On May 31, 2019
But Okorocha was busy building Monument Statutes���
Family / Re: My Wife And I Are Keeping Malice! by emaopel: 11:15pm On May 29, 2019
Man... You need to seat up... No how wife is submissive, once they have upper hand in financing the home... The marriage can't be the same because of their ego! If you are one that has the resources,wouldn't you provide for her family? Woman will always be woman... Manage your home and know that...all women behaves like that...she even tried as you have described her

2 Likes

Romance / Re: Man Gives Lady N2k To Help Him Prepare Egusi Soup, She Did This by emaopel: 12:55am On May 06, 2019
I am a man...but love what the lady did because the man actually behave abnormal...
Religion / Re: Inibehe Effiong On Fasting Enforcement: Why Sharia Police Is Illegal – Lawyer by emaopel: 8:34pm On May 04, 2019
No wonder...Imolile - Imole ...Religion of force, carries out by force by force peoples...and to accept it by force

1 Like 1 Share

Sports / Re: Cristiano Ronaldo's ₦6.5b Bugatti:9 Things You Could Buy With The Price Tag by emaopel: 8:10pm On May 04, 2019
I dey wait for my time too...it will be soon...i can't kill myself because of someone's wealth

3 Likes

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