₦airaland Forum

No contact here

Sunofgod:
Nigeria is finished....greed, wickedness and incompetence!

Another loan loading!

Seriously tough times ahead for Nigeria

Lalasticlala

According to an eye witness who used his Twitter handle to narrate an unbiased result of the court case yesterday.

You can also search for @orjiuka on twitter to read from his timeline

Presently in court for the P&ID Ltd vs Nigeria proceedings coming up before the Mr Justice Butcher. It is safe to say the rest of the country - apart from those that went to New York - is here. Looking forward to an interesting day.
First major development

After hearing from Mr Matovu QC on behalf of Nigeria, Mr Justice Butcher indicates that he is minded to grant Nigeria permission to appeal against his judgment, to the Court of Appeal. Subject of course to hearing from counsel to P&ID Ltd.

After hearing two forceful arguments on the question of whether to grant Nigeria permission to appeal, Mr Justice Butcher has now invited arguments on whether to grant Nigeria stay of execution of the judgment. Arguments will proceed on the basis that permission will be granted.

Bombshell

Both sets of counsel and the Judge agree that the criminal investigation launched by Nigeria over the award of the GSPA to P&ID Ltd has no relevance whatsoever to the proceedings before the court.

But this is unsurprising.

The court having heard both counsel's arguments on whether to grant stay of execution of the judgment has indicated that he is seriously considering granting a stay of execution. However such order will be made conditional on the payment by Nigeria INTO COURT of the sum of $250m.

The court has considered that the award attracts interest of $1.2m every day. And acting on the basis that the appeal will take approx 208 days, the Court is considering ordering Nigeria to pay the $250m into court pending the hearing of the appeal.

If Nigeria fails to make the payment after a certain date, P&ID Ltd will be permitted to take steps to enforce the entire $9.6billion award sum and interest, and pay the proceeds of the enforcement into court pending the hearing of the appeal.

The Court has therefore asked counsel to Nigeria to indicate how much he thinks Nigeria will need to make such a payment. Counsel to Nigeria understandably has no such instruction and has asked for time to take proper instruction. Court grants a stand down.

Case now adjourned to 2:30pm for delivery of judgment.

Been an interesting day just as I expected.

Please remind me to do a separate thread or even an article on How the Nigerian Judiciary can Save Itself from Itself.

This is not rocket science.

The Commercial Court in London coram Mr Justice Butcher has now granted Nigeria permission to appeal against the judgment delivered in favour of P&ID Ltd against Nigeria in August. The court also granted Nigeria a conditional stay of execution of the judgment.

The condition for the suspension of the execution of the judgment is that Nigeria must within 60 days pay into the court the sum of $200m. Additionally Nigeria must within 14 days pay to P&ID Ltd the interim cost of the proceedings accessed so far at $250m.


If Nigeria fails to comply with the conditions of the Stay, the order will be lifted and P&ID Ltd will be entitled to bring an application for the immediate enforcement of the judgment. For the avoidance of doubt the court gave no conditions for the permission to appeal.

Finally Nigeria's oral application for permission to appeal against today's ruling was immediately refused by the court.

That gentlemen is the undiluted account of what transpired in court. I now hand over to those whose job it is to spin.

9jatriot:
You saw the full transcript or you judged based on the twitter handle of some people? Because what I saw was the twitter handle claiming so

Search for the handle on twitter. Full transcript of the judgment there

Mordecai:
Seriously??

Please post the link for us.

Modified: Seen. Thanks.

Search for this handle on twitter. He was live there in court and debunked the first news that Nigeria have been granted the opportunity to appeal the ruling.

This is the real outcome of the hearing yesterday

Mordecai:


$200 million?

More than twice the $87 million the Attorney-General refused to challenge or negotiate over. And here he is jubilating.

President Buhari won't remember sha...

And we are paying 250m within 14 days to the petitioner

Why didn't the reporter write the part where Nigeria government was given 60 days to pay $200m to the court for the stay of execution and pay $250m to PID within 14 days as legal proceeding fees and failure to do this the petitioner can file for forceful takeover of Nigerian assets?

Coming from a coupist

Eko ti baje

Clowns

ovoSoft:
In celebration of our 4th year in the business of developing android applications for businesses, OVO Software is giving out a native E-commerce android app (not hybrid but pure native in java) for all woo-commerce website for as little as 20k. This comes with the source code and a free plugin. Contact me through my signature to have your source code and plugin sent to your mail in .zip format.

Source code is very easy to edit as you can change the color, icons and input your url website all in the xml file without touching a line of code.

Freelancers can also use it to save 100+ hours of coding when a job concering creation of an app for a website comes up

Its for 3 days only!!

Drop your whatsapp number and let's chat

Lol see directionless government. They had the opportunity to fight back but were busy with inter-party beer palour politics.

Someone carried your matter to fifa and got judgements, una dey carry am go caf.

Nigeria lost pay them their money

mrlycan:
Kindly provide a quotation for 50pcs complete desktop computer for a school. Its urgent. The system must be new, even if it is assembled, it has to be new. Whatsapp 0 8 1 3 9 6 6 4 9 0 9 or call. Thanks

Why you no enter computer village to buy it?

Zinny25:
Please guys I need your help, I want to go into mini importation, I need guidelines. I want someone who is into it to teach or guide me... Thank you

Message me on WhatsApp 08037825608, I just completed 2 batches I trained 100 % free from the basic to the advance without hidden fees

Sakamanje. Na office

Poland work permit visa dey ooo. Check my signature

Lol jail for smuggling food but walk freely for collecting contract kickbacks as bribes, diverting public funds, using public facilities for personal reasons.

Interesting

Lol bunch of useful idiots.

Atiku is made for life and will be compensated for losing the election. Buhari is also made for life living off our sweats.

But these two morons?

Instead of them to hustle so that their generation will be proud of them, they went mad for politicians who don't know they exist.

BTW Atiku dey dubai oooo dey enjoy him life, buhari dey aso rock oooo dey enjoy him life

Kill yourselves

onlinetomola:
Opposition ogini ? These two parties and others had meeting with PDP a week before election in Oyo State and concluded on giving and raking their followers votes for PDP governorship candidate in other to have their own returns when the deal is done. This is just the way of showing his loyalty. If it's APC or that Alao Akala's party now, then i can call that opposition parties.

Thank you for clarifying them. He is simply rewarding parties that sold their votes to him

Is it your mom number you used to advertise?

+2348035183606

Lol like he was punished for diverting funds allocated to him to dethrone tinubu in Lagos

Sorry he have been busted. I had to search for the account number he gave me on WhatsApp on nairaland and found out the accounts have been on scam lost on nairaland.

Just September 1 the hungry mofo scammed someone of 1k.

The admin should lock the account

Sorry the criminal have been busted. I wonder what is taking the mod to close down the account. Lala do something

Scammer please stay away. Admin and mod take note of this ajisafe criminal