Presidency Welcomes Judgment By UK Court On P&ID

The Presidency welcomes the judgment by the UK Court granting Nigeria’s application for an extension of time and relief from sanctions in a $10 billion arbitration case with Process and Industrious Development Limited (P&ID) in Nigeria.

In our view, the judgment is right, just and provides a strong prima facie case that the fraudulent gas deal with P&ID and the subsequent judgment debt of $10 billion against Nigeria was a clear attempt to cheat the country of billions of dollars by a company that had not invested one Naira in our country.

On the arbitration award, it is a source of huge satisfaction that the UK Court, among others, had ruled that:

‘‘Nigeria has established a strong prima facie case that the Gas Supply and Processing (GSPA) was procured by bribes paid to insiders as part of a larger scheme to defraud Nigeria.

‘‘There is also a strong prima facie case that that (P&ID) main witness in the arbitration, Mr Quinn, gave a perjured evidence to the Tribunal, and that contrary to that evidence, P&ID was not in the position to perform the contract.’’

The Presidency expresses delight with the processes that led to this outcome in the English Court, noting that it has given relief to the Nigerian government to further protect our national assets from criminally-minded organisations and individuals.  

The views of the UK court thus provide sufficient grounds for the Federal Government to go ahead and challenge the frauds perpetrated by the company and overturn the arbitration award.

President Muhammadu Buhari therefore commends the team of lawyers who represented Nigeria in the matter with P&ID, and reassures all well-meaning Nigerians and the international community of his unwavering commitment to fight corruption in all its forms and manifestation.

Garba Shehu

Senior Special Assistant to the President

(Media & Publicity)

September 4, 2020

9 thoughts on “Presidency Welcomes Judgment By UK Court On P&ID

  • June 6, 2021 at 1:21 am

    710096 343419But one more intelligent weblog! Completely cannot wait for a lot a lot more! 35663

  • June 23, 2021 at 4:32 am

    252791 410650hi there, your site is discount. Me thank you for do the job 570341

  • July 23, 2021 at 7:43 am

    322971 723867You made some decent points there. I looked on the net for any problem and found most individuals goes in addition to with all your website. 987340

  • August 5, 2021 at 7:50 am

    578864 118561I got what you intend, saved to bookmarks , quite decent web website . 936461

  • August 28, 2021 at 12:57 pm

    264264 536732Some genuinely quality posts on this internet site , saved to favorites . 400237

Leave a Reply

Your email address will not be published.

%d bloggers like this: