THE BREACHED AGREEMENTS

1 P&ID (Propane Dehydration (12-24 months) 88.198MMscf/d;

2 Octopol Energy Limited (LPG Extraction (12-15 months) 4.676MMscf/d, 3.039MMscf/d,

3 4.800MMscf/d, 2.100MMscf/d, 13.4MMscf/d;
Petrolog Oil &Gas Limited (CNG (9-24 months) 8.76MMscf/d, 20.600MMscf/d;

4 GFD Energy Nigeria Ltd (GFD) (2million MT Floating LNG) 5.7MMscf/d, 7.5MMscf/d, 2.2MMscf/d, 9.2MMscf/d;

5 Global Gas &refining Limited (GGRL) (LPG Extraction) 11.300MMscf/d, 12.398MMscf/d, 8.35MMscf/d.

6 Davubic Energy Development Comp. Ltd (LPG Extraction) 8.4MMscf/d, 21.516MMscf/d, 18.1MMscf/d;

7 Consortium of Drake Oil Limited & Partners (DOL) 7.42MMscf/d, 6.856MMscf/d, 14.564MMscf/d;

8 Tricity Oil Nigeria Ltd 1.266MMscf/d, 4.977MMscf/d, 2.026MMscf/d, 4.979MMscf/d, 3.777MMscf/d.

9 Colechurch International Ltd (LPG Extraction) 3.778MMscf/d, 3.335MMscf/d, 2.539MMscf/d, 2.071MMscf/d, 13.10MMscf/d, 1.000MMscf/d;

10 Eurafic Oil &Gas Ltd (LPG Extraction) 3.256MMscf/d, 5.075MMscf/d, 12.00MMscf/d;
Ibeto Group (LPG Extraction) 23.00MMscf/d, 34.3MMscf/d,

11 Borkir International Company Ltd. 26.558MMscf/d, 26.7MMscf/d.

NIGERIA faces likely litigation for more breaches of gas agreements, it was learnt on Tuesday.

Not less than 11 agreements signed with different firms have been breached and the companies are waiting for the outcome of the litigation of the Federal Government with Process and Industrial Developments (P&ID) to determine whether to press for claims.

Nigeria is before a London court trying to reverse the $9.6 billion arbitral judgment against the country over a dubious gas agreement signed with the Ministry of Petroleum Resources without passing through due process.

Some of the 11 companies were alleged to have initiated arbitration process against the Federal Government.

The Nigerian National Petroleum Corporation (NNPC) has written to the Economic and Financial Crimes Commission (EFCC) to assist in probing how the 11 extra deals are tied to the ill-fated contracts with P&ID.

The EFCC has raised a team of detectives to probe the deals.

It was learnt that the Federal Ministry of Petroleum Resources on January 10, 2010 entered into separate agreements with P&ID and 12 other pre-qualified investors for gas production facilities at the nation’s oil fields.

A source, who spoke in confidence, said: “Nigeria is in a serious danger because 11 other firms have issues with the Federal Government on the gas projects.

Read Also: EFCC arrests ‘fake lawyer’
“The Ministry of Petroleum Resources actually on January 10, 2010 entered into a deal with P&ID and 12 other pre-qualified investors for accelerated development of gas production facilities at the nation’s oil fields.

“These oil fields included those on offshore, land swamp in different flare points. Both the government and the investors have their obligations spelt out in the MoU. And the two parties have defaulted with the P&ID and 11 companies seeking compensation or payment of damages.

“Some of these firms have initiated arbitration process. A few others are awaiting the outcome of Nigeria’s case at the UK Court of Appeal to make a stronger case for payment of damages.

“The concern of those in NNPC and other government officials is about how much Nigeria will now pay for the botched Gas Supply and Processing Agreement (GSPA). This is why the government is ready to give P&ID a good fight in the UK and in the United States.”

Another source in the NNPC said: “This corporation does not want a repeat of P&ID arbitral award and it has referred the case of the 11 firms to the EFCC for investigation and advice on how the nation can go about it.

“We want to try as much as possible to prevent a deluge of arbitration cases which can ground the nation’s economy.

“Some of the companies have already initiated arbitration steps. It is only a firm that has decided not to either take Nigeria to a court or any arbitration panel.

“Certainly, the GSPA was untidy, fraudulent and a plot by some of the companies to rip off the nation.”

A team of special detectives was said to be handling the investigation of the deals with the 11 firms.

“Our detectives are already investigating the deals with the firms. We have shortlisted about 25 persons to interact with.

“We also discovered that the deals are inter-related with the ongoing case of P&ID. We will leave no stone unturned to end this type of challenge the nation is facing,” a source in the anti-graft agency added.

Also, the Federal Government has invoked Mutual Legal Assistance Treaty(MLAT) to extradite a co-owner of P&ID, Brendan Cahill and Adam Quinn, the son of owner of the Irish firm, the late Michael Quinn.

A government source said: “We have already invoked MLAT between Nigeria and the UK and Ireland to bring the two key officials of P&ID to trial in Nigeria.

“We have filed charges against a former Director, Legal Services in the Ministry of Petroleum Resources and they have been implicated Cahill.

“We are hopeful that the extradition move will succeed.”

https://thenationonlineng.net/nigeria-in-danger-over-11-contract-breaches/

Buhari will finish this country let's bet. He's not only making us the poverty capital of the world, lawyers are feeding fat on us as well.

Who breached the agreement and when?

In this case, shildren of 8 will say "Nigeria", when it was breached wouldn't be important since that is a dagger straight into their rusty chests.

^^^One illiterate is already screaming buhari, smh.

[s]

Simplyleo:
Who breached the agreement and when?

In this case, shildren of 8 will say "Nigeria", when it was breached wouldn't be important since that is a dagger straight into their rusty chests.

^^^One illiterate is already screaming buhari, smh.

[/s]

Your oga breached it

Nigeria is in trouble.Instead of the Buhari govt to quench this fire since, its was indecisive and now this is where it has landed us as a nation.Guess all these alleged contracts were properly contracted?

PapaBaby:
[s][/s]

Your oga breached it

I wouldn't call you an illiterate since the forum is against such.

But at least since you can read (though not sure of your comprehension ability), I will advise you slowly read this part you most likely didn't understand. Pls concentrate on the emboldened.

It was learnt that the Federal Ministry of Petroleum Resources on January 10, 2010 entered into separate agreements with P&ID and 12 other pre-qualified investors for gas production facilities at the nation’s oil fields.

Cheers.

Simplyleo:

I wouldn't call you an illiterate since the forum is against such.

But at least since you can read ( though not sure of your comprehension ability), I will advise you slowly read this part you most likely didn't understand.

[/b]
Cheers.

Zombie why didn't Buhari honour the agreement or cancel the contract. Mr Do Nothing did neither.

It's Allover..

PapaBaby:


Zombie why didn't Buhari honour the agreement or cancel the contract. Mr Do Nothing did neither.

Pls go back and read the article very slowly especially the parts discussing the span of the agreement.

When you are done, you will know who appropriately should be described "zombie".

Hmmmmm.....it seems so many underground deals were sealed during that Ya'Adua illness era. More to come I suppose.





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F

Those in charge of these country knows this country has expired. ....so plunge us into this mess....I pity the poor masses cos they will face another recession soon...God help this country.

The elites in Nigeria are cashing out via every angle without considering the future of these country.

Racoon:
Nigeria is in trouble.Guess all these alleged contracts were properly contracted?

By PDP thieves

Its better to keep quiet than say something stupid

PapaBaby:
Buhari will finish this country let's bet. He's not only making us the poverty capital of the world, lawyers are feeding fat on us as well.

lets blame Jonathan

This country tire me. Why sign an agreement that you know you can't honour.

Hm
Underground deal

dre11:



THE BREACHED AGREEMENTS

1 P&ID (Propane Dehydration (12-24 months) 88.198MMscf/d;

2 Octopol Energy Limited (LPG Extraction (12-15 months) 4.676MMscf/d, 3.039MMscf/d,

3 4.800MMscf/d, 2.100MMscf/d, 13.4MMscf/d;
Petrolog Oil &Gas Limited (CNG (9-24 months) 8.76MMscf/d, 20.600MMscf/d;

4 GFD Energy Nigeria Ltd (GFD) (2million MT Floating LNG) 5.7MMscf/d, 7.5MMscf/d, 2.2MMscf/d, 9.2MMscf/d;

5 Global Gas &refining Limited (GGRL) (LPG Extraction) 11.300MMscf/d, 12.398MMscf/d, 8.35MMscf/d.

6 Davubic Energy Development Comp. Ltd (LPG Extraction) 8.4MMscf/d, 21.516MMscf/d, 18.1MMscf/d;

7 Consortium of Drake Oil Limited & Partners (DOL) 7.42MMscf/d, 6.856MMscf/d, 14.564MMscf/d;

8 Tricity Oil Nigeria Ltd 1.266MMscf/d, 4.977MMscf/d, 2.026MMscf/d, 4.979MMscf/d, 3.777MMscf/d.

9 Colechurch International Ltd (LPG Extraction) 3.778MMscf/d, 3.335MMscf/d, 2.539MMscf/d, 2.071MMscf/d, 13.10MMscf/d, 1.000MMscf/d;

10 Eurafic Oil &Gas Ltd (LPG Extraction) 3.256MMscf/d, 5.075MMscf/d, 12.00MMscf/d;
Ibeto Group (LPG Extraction) 23.00MMscf/d, 34.3MMscf/d,

11 Borkir International Company Ltd. 26.558MMscf/d, 26.7MMscf/d.





https://thenationonlineng.net/nigeria-in-danger-over-11-contract-breaches/

They should have typed Buhari in trouble not Nigeria
we no follow they chop Nigeria money

Hmmmmmmm. Contractors.

If they like let them sue Nigeria to court. All bubu knows is that he won't follow he court rulings if it doesn't go his way.

baba don dey do yahoo too

They want NEXT LEVEL
They will get NEXT LEVEL --- bubu speaking

Simplyleo:

I wouldn't call you an illiterate since the forum is against such.

But at least since you can read (though not sure of your comprehension ability), I will advise you slowly read this part you most likely didn't understand. Pls concentrate on the emboldened.


Cheers.

But your quote didn't answer the question as to who breached the contract? It only shows when and who was there when that agreement was made. That's not to say you are not right though.

Hurray the simple minded one is back!!!

Where've you been? The forum has been dry without you.

You do realise that Goodluck was still fighting to be recognized as acting President on January 10th 2010 and that the cabal was making all the decisions for Nigeria back then including signing contracts?

It's not that I'm defending GEJ. I'm just asking his detractors to stop using lies to discredit him because it will only backfire.

Simplyleo:

I wouldn't call you an illiterate since the forum is against such.

But at least since you can read (though not sure of your comprehension ability), I will advise you slowly read this part you most likely didn't understand. Pls concentrate on the emboldened.


Cheers.

Yahoo Yahoo govt

We need to get to the roots of this LPG scams and indeed similar others, how they were packaged, the TRAITORS involved as well as the legal and administrative loopholes they exploited. These unpatriotic bunch should be made to suffer for their greediness.

All these scams will obviously cost Nigeria financially but not giving in easily to P&IB schemes will help us negotiate settlements better with others.

Arising from EFCC investigations, I am expecting the Presidency to work NASS to make 'water-tight' laws on how to enter into agreements and contracts on behalf of Nigeria.