The Federal Government has said it is ready to negotiate with the Process and Industrial Developments Ltd over a judgment by a United Kingdom court granting the firm seizure of $9.6bn in Nigerian assets.
The judgment was based on a contract between the Federal Government and the P&ID signed in 2010.
The Minister of Information and Culture, Lai Mohammed, who spoke on Good Morning Nigeria, a live breakfast programme of the Nigerian Television Authority, on Thursday, said government was willing to meet with the P&ID to come up with a “reasonable” agreement.
Mohammed said, “We are leaving no stone unturned to ensure that this judgment is set aside. I want to assure Nigerians that there is absolutely no imminent threat to seizure of our assets because even the UK courts said they cannot begin any attachments until the courts are back and there will be further hearing on the matter.
“We are even willing to sit down with the P&ID and negotiate. We are ready to take this matter to the highest level — legal, diplomatic and otherwise — because we think it is just unfair and unconscionable. You don’t inflict this kind of injury on a country and its people for your selfish reasons.
“The government is doing everything possible to get self-execution and to set aside this award. But at the end of the day, we need to sit down with the P&ID and arrive at something that we think is reasonable for all the parties.”
The minister said the contract and, ultimately, the penalty awarded against Nigeria would not have been possible without the help of some “unpatriotic” Nigerians.
Mohammed said, “One thing is clear: without insider collaboration, we would not have reached this sordid path. Clearly, the Federal Ministry of Petroleum Resources had enough competent experienced personnel to know that this kind of contract cannot be entered into without involving the NNPC and the IOC.
“That is why, until this investigation is completed and concluded, we will not be able to know exactly what happened. But on the surface, I think it was a sham ab initio and the actors knew where they were going. The P&ID has engaged some Nigerians to do their dirty job for them.”
He also denied the allegation that the Federal Government did not diligently defend the case leading to the award of $9.6bn judgment debt against Nigeria over a botched gas contract.
The minister alleged that the award was unprecedented, unjustifiable and an attempt to inflict economy injury on Nigeria and its people.
He said, “It is not true that we did not defend it or we were not represented. The contract was entered into in 2010 and from the records made available, there were three arbitrators.
“The arbitrators were the parties to be nominated by the company, the other by the Ministry of Petroleum Resources while the two of them will agree on the third arbiter.
“Nigeria was represented on the arbitration by the former Attorney-General of the Federation and Minister of Justice, Chief Bayo Ojo (SAN).’’
Mohammed added that the government went into negotiations with the company after the award in July 2015 by the arbitration panel sitting in London.
He, however, added that the effort was futile.
The controversial contract was about a Gas Supply and Processing Agreement entered in 2010 between the Federal Government through the Ministry of Petroleum Resources and the P & ID.
It was in respect of an accelerated gas development project in Nigeria’s Oil Mining Leases 67 and 123.
A dispute later arose on the contract between the two parties, with P&ID claiming that Nigeria failed to make wet gas available as stipulated in the GSPA.
The P&ID approached an arbitration panel in London for resolution, claiming to have incurred about $40m preliminary expenses on the project.
Covid-19: Activist Accuses Presidential Taskforce of Collecting N500,000 as Daily Allowance
A political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC) Comrade Timi Frank, has revealed that daily allowance of the Presidential Taskforce is N500,000.
Frank said officials of the federal government has turned the current Coronavirus pandemic to business.
Making the accusation onn his official twitter account, @RealTimiFrank on Wednesday, the Bayless born political activist said each seating for every member of of the presidential taskforce committe is five hundred thousand.
He wondered how a government who has claimed that the country is broke could spend such amount daily.
“COVID-19 now profit making for federal Gov’t. That’s why they want to withdraw 150million dollars to share from our sovereign wealth fund.
“Each seating allowance for every member of the presidential taskforce committee is 500k daily. This is same Govt that claim they’re broke.”
Abusing Buhari Will Not Bring You Out of Poverty, CAFA Replies Aisha Yesufu
The Citizens Against Fake Activists (CAFA) has lashed out at co-convener, BringBackOurGirls, Aisha Yesufu, appraising her that abusing President Muhammadu Buhari won’t lift her out of poverty.
In a foul-mouthed attack, Yesufu described President Buhari as a “coward” simply “cowering in Aso rock” wasting every single kobo spent on him by Nigerians.
Yesufu’s statement attracted the ire of Nigerians, with many rebuking her for lacking manners and disrespecting the country’s most-revered office.
The Citizens Against Fake Activists, on Monday, joined fellow compatriots to reprimand the self-acclaimed activist, who according to them is unteachable, empty and bereft of knowledge; quick to jump into issues to satisfy her paymasters.
CAFA took out time to school Yesufu on issues surrounding insurgency in the country and the West-African sub region, particularly as it concerns Nigeria, Chad, Cameroon and Niger.
In a statement by Director Communications and Publicity, Comrade Ibrahim Kabir Dalla, CAFA reckoned that the Nigerian troops would have achieved more than it already did if not for Yesufu’s associates, comprised mostly of terrorists.
The Citizens Against Fake Activists, however, advised Yesufu to tender an apology to the Office of the President.
The group further called on Nigerians to report offending posts and any other irresponsible attacks coming from her to Twitter, just like they did some time ago.
Read full statement below:
The Citizens Against Fake Activists (CAFA) has noted with disgust the new low to which the co-convener of the BringBackOurGirls group, Aisha Yesufu has sunken to when she decided to describe the office and person of President Muhammadu Buhari as a waste. Even for the pay-for-hire activist that Aisha Yesufu has been confirmed to be, her decision to desecrate the highest office in the land is the height of irresponsibility regardless of how much she has been paid to distract the government of the day.
Her justification for this unpatriotic criminal act was supposedly because Chadian troops were able to give Boko Haram terrorists a fight, which made her to ignorantly conclude that Nigeria has not done enough to deal with the insurgents when the opposite is the case. She irresponsibly wrote _“The coward we have as Commander-in-chief who is supposed to be a Rtd Major General is cowering in Aso rock villa. His theatre of war is reading in front of the camera. Buhari @MBuhari is a waste of every single kobo spent on him by Nigeria,”_ which is most unfortunate and unacceptable.
In reality, the saddest part of the entire incident is that Aisha Yesufu is unteachable, incapable of keeping quiet and composed long enough for the facts being presented to her to sink in before she goes all hyper in her desperation to satisfy those that are deceiving her that they can pay her way out of poverty. Had Yesufu been capable of these qualities, CAFA would have undertaken to provide knowledgeable experts to educate her to the cardinal errors that underpin her commentaries on national issues.
Even at that CAFA will like Aisha Yesufu to orientate herself to the concept of international relations, international law and jurisprudence, which would easily point her to understand that while Boko Haram operates in an area that transverses Nigeria, Chad, Cameroon and Niger it is still not possible for one country to intrude into the territory of the other, which the terrorists have been exploiting to launch cross border attacks before fleeing into a different jurisdiction.
In terms of military realities, an intelligent person, even without military background, would have realized that it took the constant containment and degrading from the operations conducted by the Nigerian Army to have corralled the Boko Haram terrorists into the underground holes from where the Chadian Army smoked them out. She must also be made aware that her comments are supporting Boko Haram recruitment drive by creating the impression that there is a preponderance of public sympathy and acceptance of the crime that the terrorists are committing.
It is important to mention that the Nigerian military would have made further gains against the terrorists but for the sabotage of Yesufu’s associates, comprised mostly of terrorists’ sympathizers and organizations that trade in human misery, who do everything possible to prevent the military from wiping out those scums of the earth.
CAFA hereby calls on Aisha Yesufu to immediately apologize to Nigerians for treating the Office of the President of the Federal Republic of Nigeria with disrespect and disdain. Yesufu’s personal angst against President Buhari is something that only her understands so we are not going to ask her to apologize to Mr. President, what we demand from her is an apology to the office being proprietary to Nigeria and one that must not be disrespected by anyone. We must however offer her the free counsel that she risks damaging her health if she does not take measures to manage her pointless anger against President Buhari.
We urge Nigerians of good conscience to report the offending tweet and any other irresponsible attacks coming from her to Twitter as hate speech. Twitter does not accept that kind of behaviour from users in some other countries and we can collectively make the company respect the same level of decorum here.
COVID-19 Has Exposed President Muhammadu Buhari Government Social Intervention as a Hoax– PDP
The Peoples Democratic Party (PDP) yesterday said the COVID-19 pandemic has further exposed the social intervention programmes of the Muhammadu Buhari led All Progressives Congress (APC) government as a ‘total hoax’.
PDP alleged that the APC leaders have been fleecing the country through the social incentives programme rather than deploying it to benefit the people.
The party said in a statement issued by its National Publicity Secretary, Kola Ologbondiyan, that the manifest failure of the COVID-19 social palliatives for Nigerians contrary to claims by the APC-led administration also validates allegations that the APC has been using ghost beneficiaries to siphon government resources.
It described as alarming and revealing that not even a handful of Nigerians has acknowledged receiving any social panacea from the government despite claims by officials of having paid out billions of naira as palliatives to individuals and households.
The PDP urge Nigerians to note how officials of the APC-led administration fraudulently sidestepped extant financial regulations and illegally resorted to cash disbursements directly by a cabinet minister instead of using Central Bank of Nigeria (CBN) cash disbursement facility.
According to the PDP, “Such was part of the design to use few unsuspecting Nigerians to circumvent the system, muddle up financial documentation and accountability processes and facilitate the siphoning of huge chunk of the palliative fund.
“Such practice directly points to fraudulent diversion of funds by APC leaders, who have been using the same template of the discredited social investment programmes, which had been exposed by the First Lady, Aisha Buhari, as a fraud, when she revealed last year that the N500 billion Social Investment Programme of the President Muhammadu Buhari administration was not getting to the targeted beneficiaries.”
More embarrassing, PDP said, was the duplicitous inclusion of the scandalous school feeding programme as an expenditure line even when schools are closed following the social distancing directives, “an alarming development that points to the level of corruption in the APC administration.”
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