News
BREAKING: UK Court Orders P&ID to Make Interim Payment of £1.5m to Nigeria
UK Court Orders P&ID to Make Interim Payment of £1.5m to Nigeria
The Federal Republic of Nigeria (FRN) Thursday appeared in the English High Court for a scheduled hearing.
The hearing followed the major victory secured by FRN last Friday, allowing it to bring a fraud challenge against a $10 billion arbitration award obtained by vulture-fund-backed P&ID well outside the normal time limits.
In a statement on Thursday, a spokesperson of Attorney General of the Federation said Nigeria will now proceed to a full fraud trial. The hearing Thursday was held to decide procedural and costs issues relating to the FRN’s applications to challenge the arbitration award and to determine the short term directions to trial.
The sitting Judge of the High Court, Cranston J ordered P&ID to make an interim payment of more than £1.5 million within 21 days to cover legal costs the FRN incurred as part of their successful application for the extension of time to challenge the arbitration award and procedural hearing earlier in the year.
A case management conference to determine the full trial window is scheduled to take place after November 2020.
A spokesperson from the Attorney General of the Federation said:
“This is another crucial win for Nigeria in our ongoing fight against the vulture-fund-backed P&ID. We are pleased that the English Courts have taken our fraud challenge seriously, and awarded us a substantial interim payment in respect of our successful application for an extension of time to challenge the award.
This is a significant blow for P&ID, who continue to attempt to delay the process.
“To date, P&ID and its financial backer VR Capital have not produced a single document or credible witness to challenge the FRN’s fraud evidence. Instead, they continue to resort to disseminating misleading claims, while taking every step possible to delay or obstruct our investigations across multiple jurisdictions.
“The FRN remains firmly committed to overturning the injustice of the $10 billion award, and will not rest until we secure justice for the people of Nigeria – no matter how long it takes. Investigations into the GSPA are ongoing, and we are confident that more of the truth will be revealed over the coming months.”
The spokesperson further stated that “the Honourable Attorney General would like to clarify his remarks made on Arise TV, as reported in an online medium yesterday [Not Vanguard].
“There will be no negotiation or talk of settlement with P&ID or any related party by or on behalf of the Federal Government of Nigeria. The recent judgment of the English Commercial Court confirmed our view that P&ID and its cohorts are fraudsters who have exploited our country. They will not benefit from their corrupt behaviour.
“This is a classic case with overwhelming fraudulent and corrupt undertones. The Federal Government of Nigeria is not considering any possibility of negotiations with P&ID. It has not only fallen within the tall order exception referred to by the Hon Attorney General in his interview with Arise TV yesterday, but lacks any legitimate foundation. We will not and cannot negotiate arbitral awards where the basis and foundation rely on fraud, corruption, breach of processes and procedures.”
News
Remember there’s a God of second chance” – Ooni tells inmates during visit to Kuje Correctional Centre
The Ooni of Ife, Ooni Adeyeye Ogunwusi, on Tuesday, kickstarted his annual coronation anniversary with a humanitarian visit to the Kuje Correctional facility in Abuja, Federal Capital Territory.
According to Director of Media & Public Affairs, Ooni’s Palace, Otunba Moses Olafare, the monarch told the inmates to always remember that God created everyone and that he’ss the God of second chance.
Ooni Ogunwusi was on an official duty in the F.C.T. when he decided to visit inmates at the facility for a programme organized by Hopes Alive Initiative (HAI) under his Chairmanship to motivate those who are often ignored by the society.
Addressing the gathering of inmates and prison’s officials after being welcomed into the facility by officers of the Nigeria Correctional Service, Ooni Ogunwusi who was flanked by his Queen & Deputy Convener of Hopes Alive Initiative HAI Olori Temitope Enitan-Ogunwusi, explained that the best part of human life is the one spent to serve others particularly the poor and vulnerable individuals.
“We should always remember that God created all of us and that is the God of second chance, we have seen in this country from prison to presidency, right from prison all the way to become the president of this country.
“So please do not write off yourselves, whatever the situation you might have found yourselves here remember that their is a God of second chance.
“I am here to tell you that there is a life after here, it does not end here and that is why you all must see this current phase of your life as a learning stage for the lessons with which you will live for life after here.
“I have not come here to tell you that it is not difficult but I am here to tell you that it is possible for you all to be better and be amongst the best members of the larger Nigerian society when you eventually leave here.”
Highpoint of the event was when five (5) inmates were freed after fulfilling all requirements including payment of bail/fines through the assistance of the HAI, with a promise to keep an eye on them and also empowering them in the trade they learned while in the Correctional Centre.
Other event earmarked for the Ooni Ogunwusi’s coronation anniversary is the Staff Appreciation Night during which all staff members (Traditional and Official) working with His Imperial Majesty will be honoured and gifted series of items including cars for the best performing ones.
In the same vein, parts of the statement said the Palace is not unaware of false, malicious and misleading reportage particularly by some unprofessional bloggers and armchair journalists about the event which does not tally with the event or any of its realities.
“These purveyors of fake news who are bent on blackmailing top personalities for income (Online traffic), prominence or whatever reasons predetermined by them wrote nonsense from the figment of their imagination and got it circulated by armchair (lazy) journalists with no regard for principles, laws and ethics of the prestigious pen profession.”
The Ooni’s Hopes Alive Initiative (HAI) has in the last five years engaged in the charity work which targets to give hope to the hopeless and vulnerable members of the society. Ooni Ogunwusi through the NGO has donated befitting homes to the orphanage and destitute, water borehole facilities to several market’s across the South West in Nigeria, educational materials to several schools in the country.
The Nigeria Union of Journalists,Osun State Council will on Friday hold a Commendation Service in honour of late Bishop-Elect, Adesunmbo Samson Abioye.
A statement by the Chairman of the union,Comrade Wasiu Ajadosu and Secretary,Comrade Adeyemi Aboderin indicate that the service will hold at NUJ Press Centre, Iwo /Ibadan Road,Osogbo by nine in the morning.
The statement calls on members of the union,friends and associates of the deceased to be part of the ceremony.
Late Bishop-Elect, Adesunmbo Samson Abioye was a former Secretary of NUJ,Osun State Council.
The Nigeria Police Force (NPF) has said that the second in command of an outlawed Eastern Security Network (ESN) Commander, Ebube Virus, has been killed in a fierce gun battle.
The deceased suspect was on the Imo State Police Command’s wanted list due to his nefarious activities in the Aboh Mbaise area of the State.
The Commissioner of Police, Imo State Command, CP Aboki Danjuma, disclosed this in a statement issued by the Police spokesman, Henry Okoye, on Tuesday.
According to the CP, “Following the confessions made by the suspected IPOB/ESN Terrorist allegedly involved in the killing of DPO Ahiazu Mbaise and other dastardly acts in the Mbaise axis, operatives of the Command’s Anti-Kidnapping squad led by CSP Oladimeji Odeyeyiwa on Monday 4th of December, 2023 stormed the criminal hideout of a deadly IPOB/ESN Terrorist Syndicate led by Ebube Virus and Ishaka, at Umuogu Amuzu in Aboh-Mbaise LGA of Imo State and dislodged the terrorists.
“In the process, a ferocious battle broke out between the terrorists and the combat-ready Police agents, neutralizing the Second in Command Ebube Virus, who is well-known on the Command’s wanted list due to their nefarious actions in the Mbaise axis. Others who had been shot at had escaped. From the neutralized terrorist, one AK-47 rifle with 19 rounds of live ammunition was found.
“An operation is underway to find additional fugitive suspects and bring them to justice.”
While praising the brave officers for their unwavering efforts in the fight against all violent crimes in the State, CP Danjuma affirmed the Command’s commitment to working with other security agencies with the aim of restoring peace in the state.
CP Danjuma called on Imo residents to support the Police and other sister security agencies with timely and actionable information that will assist in the crusade against terrorism in the state.
He encouraged owners of hospitals and first-aid outlets to report any person seen with or treating gunshot injuries to the nearest Police Station.
Source: Leadership
-
Fashion6 years agoThese ’90s fashion trends are making a comeback in 2017
-
Entertainment6 years ago
The final 6 ‘Game of Thrones’ episodes might feel like a full season
-
Fashion6 years ago
According to Dior Couture, this taboo fashion accessory is back
-
Sports6 years ago
Phillies’ Aaron Altherr makes mind-boggling barehanded play
-
Entertainment6 years ago
The old and New Edition cast comes together to perform
-
Entertainment6 years ago
Disney’s live-action Aladdin finally finds its stars
-
Sports6 years ago
Steph Curry finally got the contract he deserves from the Warriors
-
Fashion6 years ago
Model Jocelyn Chew’s Instagram is the best vacation you’ve ever had
News
BREAKING: UK Court Orders P&ID to Make Interim Payment of £1.5m to Nigeria
UK Court Orders P&ID to Make Interim Payment of £1.5m to Nigeria
The Federal Republic of Nigeria (FRN) Thursday appeared in the English High Court for a scheduled hearing.
The hearing followed the major victory secured by FRN last Friday, allowing it to bring a fraud challenge against a $10 billion arbitration award obtained by vulture-fund-backed P&ID well outside the normal time limits.
In a statement on Thursday, a spokesperson of Attorney General of the Federation said Nigeria will now proceed to a full fraud trial. The hearing Thursday was held to decide procedural and costs issues relating to the FRN’s applications to challenge the arbitration award and to determine the short term directions to trial.
The sitting Judge of the High Court, Cranston J ordered P&ID to make an interim payment of more than £1.5 million within 21 days to cover legal costs the FRN incurred as part of their successful application for the extension of time to challenge the arbitration award and procedural hearing earlier in the year.
A case management conference to determine the full trial window is scheduled to take place after November 2020.
A spokesperson from the Attorney General of the Federation said:
“This is another crucial win for Nigeria in our ongoing fight against the vulture-fund-backed P&ID. We are pleased that the English Courts have taken our fraud challenge seriously, and awarded us a substantial interim payment in respect of our successful application for an extension of time to challenge the award.
This is a significant blow for P&ID, who continue to attempt to delay the process.
“To date, P&ID and its financial backer VR Capital have not produced a single document or credible witness to challenge the FRN’s fraud evidence. Instead, they continue to resort to disseminating misleading claims, while taking every step possible to delay or obstruct our investigations across multiple jurisdictions.
“The FRN remains firmly committed to overturning the injustice of the $10 billion award, and will not rest until we secure justice for the people of Nigeria – no matter how long it takes. Investigations into the GSPA are ongoing, and we are confident that more of the truth will be revealed over the coming months.”
The spokesperson further stated that “the Honourable Attorney General would like to clarify his remarks made on Arise TV, as reported in an online medium yesterday [Not Vanguard].
“There will be no negotiation or talk of settlement with P&ID or any related party by or on behalf of the Federal Government of Nigeria. The recent judgment of the English Commercial Court confirmed our view that P&ID and its cohorts are fraudsters who have exploited our country. They will not benefit from their corrupt behaviour.
“This is a classic case with overwhelming fraudulent and corrupt undertones. The Federal Government of Nigeria is not considering any possibility of negotiations with P&ID. It has not only fallen within the tall order exception referred to by the Hon Attorney General in his interview with Arise TV yesterday, but lacks any legitimate foundation. We will not and cannot negotiate arbitral awards where the basis and foundation rely on fraud, corruption, breach of processes and procedures.”
News
Remember there’s a God of second chance” – Ooni tells inmates during visit to Kuje Correctional Centre
The Ooni of Ife, Ooni Adeyeye Ogunwusi, on Tuesday, kickstarted his annual coronation anniversary with a humanitarian visit to the Kuje Correctional facility in Abuja, Federal Capital Territory.
According to Director of Media & Public Affairs, Ooni’s Palace, Otunba Moses Olafare, the monarch told the inmates to always remember that God created everyone and that he’ss the God of second chance.
Ooni Ogunwusi was on an official duty in the F.C.T. when he decided to visit inmates at the facility for a programme organized by Hopes Alive Initiative (HAI) under his Chairmanship to motivate those who are often ignored by the society.
Addressing the gathering of inmates and prison’s officials after being welcomed into the facility by officers of the Nigeria Correctional Service, Ooni Ogunwusi who was flanked by his Queen & Deputy Convener of Hopes Alive Initiative HAI Olori Temitope Enitan-Ogunwusi, explained that the best part of human life is the one spent to serve others particularly the poor and vulnerable individuals.
“We should always remember that God created all of us and that is the God of second chance, we have seen in this country from prison to presidency, right from prison all the way to become the president of this country.
“So please do not write off yourselves, whatever the situation you might have found yourselves here remember that their is a God of second chance.
“I am here to tell you that there is a life after here, it does not end here and that is why you all must see this current phase of your life as a learning stage for the lessons with which you will live for life after here.
“I have not come here to tell you that it is not difficult but I am here to tell you that it is possible for you all to be better and be amongst the best members of the larger Nigerian society when you eventually leave here.”
Highpoint of the event was when five (5) inmates were freed after fulfilling all requirements including payment of bail/fines through the assistance of the HAI, with a promise to keep an eye on them and also empowering them in the trade they learned while in the Correctional Centre.
Other event earmarked for the Ooni Ogunwusi’s coronation anniversary is the Staff Appreciation Night during which all staff members (Traditional and Official) working with His Imperial Majesty will be honoured and gifted series of items including cars for the best performing ones.
In the same vein, parts of the statement said the Palace is not unaware of false, malicious and misleading reportage particularly by some unprofessional bloggers and armchair journalists about the event which does not tally with the event or any of its realities.
“These purveyors of fake news who are bent on blackmailing top personalities for income (Online traffic), prominence or whatever reasons predetermined by them wrote nonsense from the figment of their imagination and got it circulated by armchair (lazy) journalists with no regard for principles, laws and ethics of the prestigious pen profession.”
The Ooni’s Hopes Alive Initiative (HAI) has in the last five years engaged in the charity work which targets to give hope to the hopeless and vulnerable members of the society. Ooni Ogunwusi through the NGO has donated befitting homes to the orphanage and destitute, water borehole facilities to several market’s across the South West in Nigeria, educational materials to several schools in the country.
The Nigeria Union of Journalists,Osun State Council will on Friday hold a Commendation Service in honour of late Bishop-Elect, Adesunmbo Samson Abioye.
A statement by the Chairman of the union,Comrade Wasiu Ajadosu and Secretary,Comrade Adeyemi Aboderin indicate that the service will hold at NUJ Press Centre, Iwo /Ibadan Road,Osogbo by nine in the morning.
The statement calls on members of the union,friends and associates of the deceased to be part of the ceremony.
Late Bishop-Elect, Adesunmbo Samson Abioye was a former Secretary of NUJ,Osun State Council.
The Nigeria Police Force (NPF) has said that the second in command of an outlawed Eastern Security Network (ESN) Commander, Ebube Virus, has been killed in a fierce gun battle.
The deceased suspect was on the Imo State Police Command’s wanted list due to his nefarious activities in the Aboh Mbaise area of the State.
The Commissioner of Police, Imo State Command, CP Aboki Danjuma, disclosed this in a statement issued by the Police spokesman, Henry Okoye, on Tuesday.
According to the CP, “Following the confessions made by the suspected IPOB/ESN Terrorist allegedly involved in the killing of DPO Ahiazu Mbaise and other dastardly acts in the Mbaise axis, operatives of the Command’s Anti-Kidnapping squad led by CSP Oladimeji Odeyeyiwa on Monday 4th of December, 2023 stormed the criminal hideout of a deadly IPOB/ESN Terrorist Syndicate led by Ebube Virus and Ishaka, at Umuogu Amuzu in Aboh-Mbaise LGA of Imo State and dislodged the terrorists.
“In the process, a ferocious battle broke out between the terrorists and the combat-ready Police agents, neutralizing the Second in Command Ebube Virus, who is well-known on the Command’s wanted list due to their nefarious actions in the Mbaise axis. Others who had been shot at had escaped. From the neutralized terrorist, one AK-47 rifle with 19 rounds of live ammunition was found.
“An operation is underway to find additional fugitive suspects and bring them to justice.”
While praising the brave officers for their unwavering efforts in the fight against all violent crimes in the State, CP Danjuma affirmed the Command’s commitment to working with other security agencies with the aim of restoring peace in the state.
CP Danjuma called on Imo residents to support the Police and other sister security agencies with timely and actionable information that will assist in the crusade against terrorism in the state.
He encouraged owners of hospitals and first-aid outlets to report any person seen with or treating gunshot injuries to the nearest Police Station.
Source: Leadership
-
Fashion6 years ago
These ’90s fashion trends are making a comeback in 2017
-
Entertainment6 years ago
The final 6 ‘Game of Thrones’ episodes might feel like a full season
-
Fashion6 years ago
According to Dior Couture, this taboo fashion accessory is back
-
Sports6 years ago
Phillies’ Aaron Altherr makes mind-boggling barehanded play
-
Entertainment6 years ago
The old and New Edition cast comes together to perform
-
Entertainment6 years ago
Disney’s live-action Aladdin finally finds its stars
-
Sports6 years ago
Steph Curry finally got the contract he deserves from the Warriors
-
Fashion6 years ago
Model Jocelyn Chew’s Instagram is the best vacation you’ve ever had
Leave a Reply