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$9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit - Politics - Nairaland

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$9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by AAJ50(m): 4:07pm On Sep 26, 2019
The English Commercial and Arbitration has ordered a stay of execution of the $9.6billion damages secured against Nigeria by Process and Industrial Developments (P&ID) pending the determination of an appeal by the Federal Government.

It however asked the government to make a security payment of $200million to the court.

The court also granted Nigeria’s leave to file an appeal against the award.

P&ID secured the damages against Nigeria following a failed Gas Supply Project Agreement (GSPA) contract between it and the Federal Ministry of Petroleum Resources.

A brief by the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN) from London said: “Stay of execution granted subject to payment of $200m security payment to court pending the determination of the appeal the leave for which has been granted by the commercial court

Source: https://thenationonlineng.net/breaking-9-6b-award-uk-court-orders-stay-of-execution-demands-200m-security-deposit/

Cc

8 Likes 1 Share

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Racoon(m): 4:21pm On Sep 26, 2019
$200M what? shocked Perhaps the Irish firm have also learnt the trick from the present fraudulent govt whose cabal are just milking Nigeria mercilessly.

29 Likes 1 Share

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Nobody: 4:21pm On Sep 26, 2019
Buhari should just pay this guys their money...


or Nigeria can be paying installmentally distributed within a period of 3 years....maybe with 2% Interest...


FG should pay up please.

4 Likes 3 Shares

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Benwems(m): 4:21pm On Sep 26, 2019
Buhari is working kiss
Nextlevel doings embarassed lipsrsealed grin

11 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Earlystar698(m): 4:22pm On Sep 26, 2019
watin concern me
Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by pyrex23(m): 4:22pm On Sep 26, 2019
...
Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Nomadical: 4:23pm On Sep 26, 2019
Hmmm.. . sad
Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by nafdacjoe: 4:23pm On Sep 26, 2019
Better late than never. If they have done this earlier, it would not have gotten this messed up.

20 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Seaen(m): 4:24pm On Sep 26, 2019
British Government now wants to do Yahoo Yahoo cheesy

28 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Nobody: 4:24pm On Sep 26, 2019
How about those that initiated this fake project?
Are they ghosts?

23 Likes 5 Shares

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by emaboi(m): 4:25pm On Sep 26, 2019
every angle is corruption in Nigeria

4 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by islandmoon: 4:25pm On Sep 26, 2019
oyibo thieves!!

13 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Tomasboy(m): 4:25pm On Sep 26, 2019
Who is paying who Dan Allah. Ayam compuse undecided

4 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by nurex01(m): 4:25pm On Sep 26, 2019
I saw this coming. Whoelse?

1 Like 1 Share

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Emmytrill(m): 4:25pm On Sep 26, 2019
There was indeed a country. Nigeria go still obviously pay this money any which way. Inept Govt. Let nobody tell me the contract was entered into by past government. Buhari has being in power for 5 years now! Govt is suppose to be a continuum.

19 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by kirkwood: 4:26pm On Sep 26, 2019
resf
Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by omoadeleye(m): 4:26pm On Sep 26, 2019
MelesZenawi:
Buhari should just pay this guys their money...


or Nigeria can be paying installmentally distributed within a period of 3 years....maybe with 2% Interest...


FG should pay up please.



Ah taya o

2 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Nobody: 4:27pm On Sep 26, 2019
Nigeria will win if our AGF office did not sabotage government's efforts.

5 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by itsme01: 4:27pm On Sep 26, 2019
shocked



Buhari's "i dont care atitude" put on hot seat, he sees judiciary as a huge joke, sadly Nigeria is not about to find such atitude funny


..

8 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Mikepenny5(m): 4:27pm On Sep 26, 2019
Failed government

4 Likes 1 Share

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by festacman(m): 4:27pm On Sep 26, 2019
Pure dilemma.
Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Latifat1(f): 4:28pm On Sep 26, 2019
[s]
itsme01:
shocked



Buhari's "i dont care atitude" put on hot seat, he sees judiciary as a huge joke, sadly Nigeria is not about to find such atitude funny


..
[/s]

4 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by saintokwuluora(m): 4:29pm On Sep 26, 2019
Chai, please is this not up to N70,000,000,000! Just for stay of execution. Nigeria na real Maga for Oyinbo

7 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by 9jatriot(m): 4:29pm On Sep 26, 2019
UK wan use our money cushion the BREXIT misadventure effects.

Anyway it is form of surety right, let us pay it and then like Iran start dusting the files of SPDC and other British interest in Nigeria so that can understand we have small leverage.

The people who signed this type of deal and their supporters.... hmmm okay o.

11 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Leopantro: 4:29pm On Sep 26, 2019
Nigeria still has to pay P&ID $250m
Total to pay $450m within 2 months

3 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by Latifat1(f): 4:29pm On Sep 26, 2019
God!
Buhari have killed us cry

3 Likes

Re: $9.6b Award: UK Court Orders Stay Of Execution, Demands $200m Security Deposit by ikorodureporta: 4:30pm On Sep 26, 2019
oleh!

1 Like

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