Avoiding Judgment Debt Doomsday via thisdaylive
SimonKolawolelive By Simon-Kolawole, Email: [email protected], sms: 0805 500 1961
Nigeria is contending that the GSPA was, and is, a scam. The Economic and Financial Crimes Commission has been quizzing those suspected to have participated in the entire arrangement. But while we are at it, a possible $2.3 billion fine is also hanging over us in France because of another alleged breach of contract in the Mambilla power project in Taraba state. This time around, it is a Nigerian company, Sunrise Power and Transmission Company Limited , making the claim.
The zigzagging was always going to end up in chaos as Shell headed to ICSID for arbitration, claiming the Nigerian government had expropriated its assets having given it the go-ahead to explore OPL 245 in 2001. It claimed to have spent $535 million already on exploration. According to Adoke, Shell was cocksure it would win the case in arbitration.
In the P&ID case, I can see that the federal government is trying to prove that the entire deal was a scam ab initio. EFCC may put some people on trial following a series of invitations of the key characters. If you ask me, I would argue that this is what we should have done when the case was in arbitration, or before the final award was given in January 2017. We were simply too slow and nonchalant over the arbitration.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EXCLUSIVE: $9.6Billion Judgment Debt: How former CJN helped P&ID to defeat NigeriaBy providing service for P&ID, experts say Mr Belgore, a former CJN and powerful figure even within the present government, violated the Nigerian constitution.
Read more »
Two ministers suspected as moles in $9.6bn P&ID judgment debtInsinuations in some quarters that the $9.6bn damages secured by P&ID against the federal government in respect of the latter's purported failure
Read more »
PDP Accuses Presidential Tribunal of Delaying Release of Record of Judgment - THISDAYLIVEBy Chuks Okocha in Abuja The Peoples Democratic Party (PDP) Friday raised the alarm over the delay by the Presidential Election Petition Tribunal to release the record of its judgment to enable the party and its presidential candidate, Alhaji Atiku Abubakar, to promptly file an appeal to upturn the judgment at the Supreme Court. In …
Read more »
(Updated) Buhari: I Would Have Been Traumatised If I Watched Tribunal Judgment - THISDAYLIVEBy Omololu Ogunmade in Abuja President Muhammadu Buhari Friday in Abuja said he would have been traumatised if he had watched the delivery of the judgment of the Election Petitions Tribunal on the petitions filed by the Peoples Democratic Party (PDP) presidential candidate, Alhaji Atiku Abubakar, against his victory at the February 23, 2019 presidential …
Read more »
VIDEO: How I Coped With ‘Pressure’ Of Tribunal’s Judgement – BuhariVIDEO: How I Coped With ‘Pressure’ Of Tribunal’s Judgement – Buhari “If I had lost this case, I think the impact...I don’t know how far it will go...
Read more »