₦airaland Forum

Minjim:

Opinedecandid: :
Is this one a government?

I have read reasonable reactions and actions from some African countries on the Xenophobic attack, I'm yet to read one from Buhari.

Rather, the administration has left the fight to Nigerians to do themselves.
If the President had done what is required of him long before today, the government of SA would have acted according, to say the least, awoken to the bilateral responsibility of providing security coverage to endangered foreigners in moment of crises, like we do over here.
But the SA government has seen that our own government is 'very responsive and responsible', that's why they do the way they do.
Imagine how many job cuts Nigerians will suffer for all the burnings and lootings that happened across Nigeria yesterday and may still happen afterwards.

So you want the president to start insulting and cursing SA or what?
The president can't join ppl to loot bizs owned by SA. This issue will only be resolved diplomatically. The AU can be called on to sanction SA

buhariguy:
is it PDP government you are referring to? PDP is not coming back in the future

Ikpeazukerosene:
This one thinks Buhari and Osinbajo are like his parents in the village who read newspapers upside down.

Osinbajo is a Professor of law and a SAN. His law firm brought Pfizer Global to its knees when it sued them for 2.5 Billion dollars about a decade ago. They were forced to beg.
This business centre called PIG or P&ID with no address now wants to collect billions from Nigeria?

You think it is people like Ozekhome, Livinus Atiku's lawyer and Nwabueze we're talking about here? Worthless server gang.

1 kobo, those guys no go see.

bigtt76:
At least $1bn of that money will be spent on legal bills What if the sovereign state referred to here means the UK alone or with its colonies?

anonimi:
Big joke to fool people until they are lost completely.
Did we not pay breach of contract penalties in 1984 when the same barawo bubu cancelled the metro line in Lagos?
How did we employ such incompetent people to ruin our country.

somehow:
Comparing 1984 deal with visible businesses and signature from the president with a kangaroo company with no evidence that the deal was signed by any approved government official.

Keep praying for the downfall of your country.

mrdan:
Read this, posted yesterday. It would explain it well.

https://www.nairaland.com/5394946/nigerias-9-billion-debt-p

anonimi:
So why did the government negotiate to pay them millions instead of the billions in fines
Misplaced nationalism won't help us deal with the original mess of Yar'Adua's cabal.

somehow:
This government did not negotiate ziltch with anyone, it was Jonathan that negotiated. This government have always believed the deal is fraudulent.

Go and read a comprehensive report on this case on the front page.

$9.6b judgment: How P&ID snubbed Buhari’s $600m offer

According to the fact-sheet, President Muhammadu Buhari and Vice-President Yemi Osinbajo separately approved negotiation with Messrs Process and Industrial Developments (P&ID) after the Arbitration Tribunal awarded $6.597billion to the company. The two leaders at various times offered $250million and an improved offer of $600million to the Irish company.

The Vice President gave the approval on April 18, 2017, following the recommendations of the Attorney-General of the Federation (AGF) and Minister of Justice, Mallam Abubakar Malami (SAN), which included a negotiation with P&ID.

Also, President Muhammadu Buhari directed the Federal Government’s team to meet with P&ID counsel on July 12 and 13 in New York.

Based on Osinbajo’s approval, the AGF and the then Minister of State for Petroleum Resources Dr. Ibe Kachikwu, and a delegation along with counsel Chief Bolaji Ayorinde, SAN, on May 16, 2017, met with representatives of P & ID and its counsel to negotiate the judgment debt.

The government team initially on May 16, 2017 succeeded in negotiating the judgment debt from $8.4billion, to which it had risen, to $600million.

But P & ID rejected the offer on the grounds that what was agreed on to be executed was a Draft Stay of Enforcement Agreement and not a Settlement Agreement as proposed by the Federal Government.

The Federal Government offered $250million which P&ID rejected.

The document said although a former Attorney-General of the Federation, Mr. Mohammed Bello Adoke (SAN), recommended an amicable settlement with P&ID, the “ proposed settlement broke down.”

The government said the “settlement could not be reached before the time for report of settlement elapsed, therefore proceedings resumed at the Tribunal for determination.”

https://www.pmnewsnigeria.com/2019/09/02/9-6b-judgment-how-pid-snubbed-buharis-600m-offer/

Ikpeazukerosene:
Did you read the post at all?

"... The Act allows a written consent of a foreign state before the enforcement of a judgment which could lead to seizure of assets or freezing of accounts..."

bigtt76:
Thanks for the clarification ...skipped me but the foreign state can also mean a UK state

Fallenhunter:
The OP of this thread is quite wrong

https://www.theguardian.com/business/2015/jun/10/obscure-legal-system-lets-corportations-sue-states-ttip-icsid

This article is long but details the ICSID agreement signed by Nigeria that allows foreign companies to sue countries in an international tribunal. Hence, P&ID can sue Nigeria in the UK or anywhere else despite Nigeria being a sovereign state. In the past massive judgements have been awarded against other countries as well including even Germany which was sued by a Swedish firm (Ironic since german businesses were the ones that pioneered the ICSID).

These are the current signatories of the ICSID (The countries in dark green) if you are an international company or even a domestic company that operates in these countries you can sue the entire country for breach of contract.

anonimi:
Emancipate yourself from mental slavery, which I cannot do for you.
You need to do a lot of reading before you advice others to do the same.
Do you know why your barawo bubu is keen about wrecking us into recession and keeping us in extreme poverty




https://newsrescue.com/wp-content/uploads/2016/11/buhari-leana.jpg

Mariory:
How can UK law concerning foreign states also relate to the UK?

Wait I just reliased you were joking right? Surely you were joking?

crownwealth:
Buhari is indeed clueless but Osunbade is even super clueless. Fake everything.

Tetehjewels:
This is where Keyamo would have thrived. I don't know why they did not give him the attorney General or Minister of justice role. They guy would have eaten this case up for breakfast

crownwealth:
Buhari is indeed clueless but Osunbade is even super clueless. Fake everything.

bigtt76:
At least $1bn of that money will be spent on legal bills What if the sovereign state referred to here means the UK alone or with its colonies?

Opinedecandid:
Is this one a government?

I have read reasonable reactions and actions from some African countries on the Xenophobic attack, I'm yet to read one from Buhari.

Rather, the administration has left the fight to Nigerians to do themselves.
If the President had done what is required of him long before today, the government of SA would have acted according, to say the least, awoken to the bilateral responsibility of providing security coverage to endangered foreigners in moment of crises, like we do over here.
But the SA government has seen that our own government is 'very responsive and responsible', that's why they do the way they do.
Imagine how many job cuts Nigerians will suffer for all the burnings and lootings that happened across Nigeria yesterday and may still happen afterwards.

maasoap:
You are so much afraid of recession and poverty, why couldn't you tell Mr IB of Otuoke who negotiated the settlement deal in 2013 but refused to honour it until he left office even when crude oil was selling above 100 dollars per barrel?

Mr Quinn said the contract was conceived during the tenure of the late former President Musa Yar’Adua, who doubled as the Minister of Petroleum Resources.

He said the idea of the project was first introduced to the then permanent secretary at the State House.

The official said he was advised to forward a proposal to the president in his capacity as minister of petroleum resources, while the then permanent secretary in the ministry of petroleum resources also proposed the need to seek a formal meeting with the president.



When P&ID proposal was being considered, Mr Quinn said he identified the Special Adviser to the President on Energy and Strategic Matters then as the late Rilwanu Lukman.

He said he also approached Mr Lukman and discussed the project with him.

On August 7, 2008, he said P&ID wrote to Mr Yar’Adua on a formal proposal for the project to be implemented.

The company was subsequently invited to meet the president, who, he said, directed that a presentation be made to the Minister of State at the Ministry of Petroleum Resources.

He said P&ID made the presentation to Mr Odusina and the Ministry of Petroleum Resources in October 2008.

Following his reappointment as Minister of Petroleum Resources on December 18, 2008, Mr Quinn said Mr Lukman in early 2009 directed P&ID’s proposal be further examined by the government.

P&ID was reportedly invited by the Special Technical Adviser to the Minister, Taofiq Tijani, to represent to the Minister for Petroleum Resources on February 24, 2009.

After the presentation, Mr Quinn said several top-level meetings were held involving the Ministry, NNPC, DPR, NAPIMS and Addax Petroleum to come with the gas sales and purchase agreement.

On January 11, 2010, Mr Quinn said the GSPA was executed by him on behalf of P&ID and Mr Lukman on behalf of the Nigerian government.

However, the setback to the contract, which may have laid the foundation for the dispute and arbitration was the call to Mr Quinn in the final week of June 2012 by Debo Spaine of Addax Petroleum.

Mr Spaine informed Mr Quinn that Addax’s headquarters in Switzerland had unilaterally decided to withdraw their cooperation and wished to “undertake the development of the NAG [non-associated gas] themselves”.

On February 10, 2012, Mr Quinnn said he wrote to the then newly-elected President, Goodluck Jonathan, to solicit his support.

He did not say what Mr Jonthan’s response was.

https://www.premiumtimesng.com/news/headlines/350049-court-document-shows-business-history-of-pid-which-wants-nigerias-9-billion.html

farem:
Did you learn the difference between the singular and the plural at all?
How is your quote in tangent with what is actually and clearly written:

"... that gives immunity to Sovereign states..."

It goes further to say:


"... The Act allows a written consent of a foreign state before the enforcement of a judgment which could lead to seizure of assets or freezing of accounts..."

crownwealth:
Buhari is indeed clueless but Osunbade is even super clueless. Fake everything.

mapet:
I think it is only honorable that you mention names specifically. Who is/are it/those that signed the deal and part of the cabal in this government. You people should stop insulting people's intelligence if yours refuses to function.

buhariguy:
by PDP government

niaralandtopuser:
get off my mention idiot. my post was not meant for you

Ikpeazukerosene:
This one thinks Buhari and Osinbajo are like his parents in the village who read newspapers upside down.

Osinbajo is a Professor of law and a SAN. His law firm brought Pfizer Global to its knees when it sued them for 2.5 Billion dollars about a decade ago. They were forced to beg.
This business centre called PIG or P&ID with no address now wants to collect billions from Nigeria?

You think it is people like Ozekhome, Livinus Atiku's lawyer and Nwabueze we're talking about here? Worthless server gang.

1 kobo, those guys no go see.

femokleen:
Who else could be more clueless than you? You can't even spell your vice president's name correctly... I wonder about those who gave your ludicrous post a like; birds of same feathers.

SARCASM!

Ikpeazukerosene:
I expect your brain to be fully functional and I don't expect stupid questions from you.

Immunity falls under jurisdictional issues and can be raised at any time or on appeal. In case you're ignorant, this same company had previously taken this case to a US court where they lost based on jurisdictional factors.

I don't know how you Pdp lackeys always display legal ignorance. No wonder Atiku has become a political bushbaby cos you all are legal blockheads.