Former Lagos Attorney-General, Supo Shasore Indicted As Nigeria Secures Landmark Victory In P&ID Contract Suit

The Federal Government has secured a landmark victory in its pursuit to overturn a $10 billion judgement awarded against it in a case against Process and Industrial Developments (P&ID).

The Attorney-General and Minister of Justice, Abubakar Malami (SAN), in a statement  in Abuja on Friday, said the court has granted Nigeria’s application for an extension of time and relief from sanctions due to the exceptional circumstances where the government has uncovered evidence of massive fraud in procuring the award.

Malami said the court heard evidence from the government and the offshore shell company P&ID in relation to the gas supply and processing agreement (GSPA).

This agreement was entered into by the parties 10 years ago and which was never performed.

He said the Buhari-led administration, having inherited the dispute from the previous administration, only recently uncovered evidence that the GSPA was a sham commercial deal.

It will be recalled that the GSPA deal was brokered by former attorney general and commissioner of justice in Lagos state, Mr. Supo Shasore.

The court held that; “At least I accept Mr. Howard’s submission that there is a prima facie case that Mr. Shasore made payments to Mrs. Adekure and Mr. Oguine to purchase their silence in relation to his conduct of the arbitration and settlement negotiations.  There is therefore a prima facie case that the arbitration proceedings were tainted. 

“As to the jurisdiction and liability stages of the arbitration there is a prima facie case that they were tainted by the conduct of Nigeria’s advocate, Mr. Shasore.”

Malami said it was designed to fail from the start, and that its subsequent arbitral award was based on fraud and corruption.

He said the government relied on a number of ongoing investigations across multiple jurisdictions to build its case.

He said that the government would proceed to a full trial of the issues, where government’s substantive application to finally set aside the award would be heard.

He added that the government of Nigeria was pleased with the outcome from the

High Court hearing.

“This is a major victory in our ongoing fight against the vulture-fund-backed P&ID, to overturn the injustice of the multi-billion dollar arbitral award.

“In light of the new and substantive evidence presented regarding P&ID’s fraudulent and corrupt activities, the Court has granted our application for an extension of time to hear our challenge out of normal time limits.

The Federal Government will now proceed to a full hearing of our fraud

challenge in the coming months,” he said.

Extract From  P&ID Judgment….Supo Shasore Indicted

1. In my view there is a strong case that the GSPA was procured by bribery..

2. In my view Nigeria established a strong prima facie case that Mr. Quinn gave perjured evidence to the tribunal 

3. There is a possibility that Mr. Shasore has been corrupted.  At least I accept Mr. Howard’s submission that there is a prima facie case that Mr. Shasore made payments to Mrs. Adekure and Mr. Oguine to purchase their silence in relation to his conduct of the arbitration and settlement negotiations.  There is therefore a prima facie case that the arbitration proceedings were tainted. 

4. As to the jurisdiction and liability stages of the arbitration there is a prima facie case that they were tainted by the conduct of Nigeria’s advocate, Mr. Shasore

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