“This case has, sadly, brought together a combination of examples of what some individuals will do for money,” the UK court ruled.

On Monday, the Nigerian government dodged having to pay out as much as $11 billion to a British Virgin Island company after a London judge ruled that the arbitration award for a failed gas deal was won fraudulently.

The judge found that the massive arbitration award in favour of Process & Industrial Development Ltd. (P&ID) was tainted by bribes. “The awards were obtained by fraud,” Judge Robin Knowles said in a ruling on Monday, adding, “The way in which the awards were procured was contrary to public policy.”

Court document shows that Nigeria was able to establish a strong prima facie case that the 2010 gas project agreement between the government and P&ID “was procured by bribes paid to insiders as part of a larger scheme to defraud Nigeria”.

While Nigeria won this case, the London court lamented the greediness of some Nigerian officials that would have cost the country $11 billion in damages.

“This case has, sadly, brought together a combination of examples of what some individuals will do for money,” Mr Knowles said after establishing some Nigerian officials collected bribes in the deal.

The judge added that these officials were “driven by greed and prepared to use corruption; giving no thought to what their enrichment would mean in terms of harm for others.”

Over the history of the matter, Nigeria has had many government agencies and individuals involved at different times and in different ways. These included officials in the Ministry of Petroleum Resources, Ministry of Finance, Ministry of Land and Urban Development, Ministry of Justice, the Office of Attorney General, the Nigeria National Petroleum Corporation (NNPC), National Petroleum Investment Management Services (NAPIMS), and some ministers.

The judge concluded that the people of Nigeria have been let down in “so many ways over the history of this matter by a number of individuals in politics and administration whose duty it was to serve them and protect them.”


The P&ID deal

In 2010, the P&ID won a contract from the Ministry of Petroleum Resources to build a gas-processing plant in the southern city of Calabar. Nigeria was to supply the gas for free over 20 years and the two parties would split the processed resources. But Nigeria never provided the promised gas, and the plant was never built.

Then, P&ID successfully sued the Nigerian government for breach of the contract at an arbitration tribunal presided over by Lord Hoffmann, a retired senior English judge.

The legal dispute between Nigeria and P&ID ran for more than a decade. The contract was signed between Nigerian government officials and Michael Quinn, an Irish former band manager, and his business partner Brendan Cahill, to help the West African country turn its vast reserves of natural gas into power.

The project never broke ground. Mr Quinn and Mr Cahill’s offshore company, P&ID, in 2012 began arbitration proceedings against Nigeria for breach of contract.

P&ID ultimately won a $6.6 billion award from a panel of arbitrators in London, one of the biggest known payouts to a company from a sovereign state. That bill has risen to $11 billion with interest — more than Nigeria’s 2023 budgets for its health, education, and justice ministries combined.

In 2017, Nigeria challenged the awards on the grounds of liability and jurisdiction. The Nigerian government accused P&ID of bribery before, at, and after the time the parties entered into the Gas Supply and Processing Agreement for Accelerated Gas Development (GSPA), a court document shows.

It alleged that some of its lawyers at the time of the arbitration, including two lead counsel, were corrupted by P&ID.

But, P&ID in its legal filings denied the corruption allegations, arguing that it was a “contract which P&ID genuinely wanted to perform, and a genuine arbitration which [Nigeria] lost for reasons . . . [that] had nothing to do with any corruption.”

However, on Monday, the judge said not only was the original gas contract tainted by corruption, but that P&ID officials also engaged in bribery to win the UK arbitration.

Monday’s ruling has been commended by many Nigerian officials including President Bola Tinubu.

https://www.premiumtimesng.com/news/top-news/636492-uk-court-laments-greediness-of-nigerian-officials-in-pid-scandal.html

Cry me a river! The betrayal of this country cannot even be chronicled. The devil has serious questions to answer about Nigeria’s case!

It is exactly things like this that have a country with such great potential be in the state it is now - public officials selling the country for a few dollars of personal gain!

The truth is that a lot of Nigerians are exactly like the greedy officials that sold out the country for peanuts to P&ID. Corruption know no politicial parry, religion or ethnicity. It is simply endemic among Nigerians. This very sad case happened under Yar'adua/Jonathan. Today, these two former leaders are praised as saints. If not for the effort of Buhari and Malami in particular, this scam against Nigeria would have been successful as the Jonathan administration was already discussing payment terms before Buhari took over.

In fact, the kind of bashing Buhari, Tinubu and APC would have gotten if Nigeria had lost the case would have been deafening. Atiku, Obi, Rufai and other haters of Nigeria would have been falling on each other in a struggle to see who can come up with the most asinine statement against the APC government. Today, they are all quiet and pretending like nothing significant was achieved.

Nigeria shall continue to win over all her enemies.

PoliteActivist:
It is exactly things like this that have a country with such great potential be in the state it is now - public officials selling the country for a few dollars of personal gain!

seunmsg:
The truth is that a lot of Nigerians are exactly like the greedy officials that sold out the country for peanuts to P&ID.

TemplarLandry:

Wittyness

You think the Problem of Nigeria is Tinubu or NASS or Judiciary or NPF or...

You look in the mirror and look at everyone around you and you will realize that Nigeria's first probably is our Individual Greed, followed by Hatred for our fellow man and Wickedness that has find root in our actions.

Everyone keep selling their neighbors and by extension the nation for few USD's not realizing that when shit hit the ceiling na everybody go collect.

#Do you what to see Good? Then do Good things.

No Redemption. Unless God himself govern this nation. We've gotten problem from the foundation. (Nigeria is a problem in every of her citizens) take it or leave it.

Every one of us are greedy. The same way every one is a suspect, until problem start.

It's now officially that corruption is a Nigerian thing

Typical of Nigerians.

We're a reflection of our leaders.

Those making noise and blowing grammar have gone close to the power.

Give em a taste of it and watch em turn into monsters.

seunmsg:
The truth is that a lot of Nigerians are exactly like the greedy officials that sold out the country for peanuts to P&ID.

Hehehehe

Not far from the truth.

We only complain and pretend we want a good Nigeria when we are not benefitting from the corruption.

The moment you're not benefiting from the system,then we tag it corrupt

Greedy individuals who all claim to be religious.

Greedy men and women who occupy the front rows in churches and mosques.

They shout and pray loudly yet they're full of crime

Their Whatsapp status messages are full of Jesus and Allah, yet they don't blink before stealing from one another

Private sector employees are stealing. Public servants are stealing.

Thieves stealing from thieves.

Religion got to Nigeria and failed!

Religion got to Nigeria and became a mere social tag!

God no go shame us

the London court lamented the greediness of some Nigerian officials that would have cost the country $11 billion in damages.

Wicked people, just like they are living large on oil subsidies.

Nigeria is a country of fraudsters, hypocrites and opportunists

Nigerians don't really like this country - people just pretend to like it.

Bloody colonizing thieves

.. Blike UK dey into comedy. Na today una sabi naija leaders? See the one they said is president now... Scandals everywhere.. He dey block everywhere, to ensure he is not exposed.. No be the looting part o.. Some mumu just still dey defend m,and they aren't getting shi shi o.. I call them fools .. They know themselves

Unfortunately nothing will happen to them

No jail time no nothing

It’s not surprising some people are scavenging day and night for bad news in Nigeria so they can spite people who didn’t vote for their candidate.
You’ll still see them here vomiting🤮 hatred and grunting like 🐽🐽🐽’s.

Globad:
Greedy individuals who all claim to be religious

The thing tire me

Say it, an Ibo woman was paid less than $10k to betray hwr country.
Imagine the hardship we may all pass through if Nigeria is to pay $11B, in this hard times, imagine how much we might end up buying fuel because of this vile woman.
Just imagine.

God why would you put us in the same country with these people, just why?

Greediness is a disease



9ar and greedy

One major problem Nigeria has is the lack of patriots. Everyone is trying to take advantage once they see the chance and inadvertently suffering the Nigerian masses. Look at Putin for example, fantastically corrupt but Mother Russia comes 1st or 2nd for him. But see Nigerians they don't care. That's the case of the government officials who awarded the contract and the Nigerians in the company who got the contract. God help us all

Hey

Modified:

An average Nigeria is as bad as their political leaders. They are the first to complain, and also the first the short-change and/or defraud others. They want to cheat the system At any slight opportunity. After all, the politicians are a representative sample of the whole population of Nigeria.

With

This page is filled with people saying everything and yet nothing. We will learn the hard way.

Greedy Nigerian