Integrity of UK Home Secretary Questioned over Support for P&ID via thisdaylive
House sets up committee to investigate $9.6bn judgment debtEjiofor Alike in Lagos and Shola Oyeyipo in Abuja with agency reports
A London magazine, Private Eye, questioned the motive of the British politician, wandering if she was paid for her support even as the Chief Trade and Brexit Adviser at the Institute of Economic Affairs, Mr. Shanker Singham, received a similar question mark for his support for the offshore company against Nigeria.
Also, the House of Representatives yesterday set up an interim panel to probe the Gas Supply and Processing Agreement Nigeria signed with P&ID, whose alleged breach triggered arbitration that resulted in the award of $6.6 billion, which with interest has now ballooned to $9.6 billion and still rising.
InHouse is said to be run by the British Prime Minister Boris Johnson’s former policy adviser, Katie Perrior. When the deal went sour, the arbitrators awarded all the theoretical profits P&ID might have made in a perfect world in 20 years, in a very imperfect part of the world , according to an analyst.
Belgore, for instance was criticised and being queried by the EFCC for rendering the legal opinion that did in the country at the London arbitration panel that gave the punitive award to P&ID against Nigeria. He was said to have rendered a legal opinion to Esso Exploration and Production Nigeria Limited and the NNPC over a sour contract.
“First, Code of Conduct rules prohibit public servants from carrying on private legal practice,” said a senior lawyer, adding: “Secondly, he had a massive conflict of interest as High Commissioner for Nigeria and acting for Esso, a foreign interest seeking Nigeria’s assets.”Meanwhile, the House of Representatives also waded into the matter yesterday, setting up of an ad-hoc committee to probe the failed gas deal.
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Reps summon Malami, Sylva over P&ID $9.6bn contract – Daily TrustThe House of Representatives yesterday resolved to investigate the circumstances that led to the $9.6bn judgment recently secured by Process and Industrial Developments Limited in a United Kingdom court against Nigeria. The House also resolved to invite the Attorney-General of the Federation, Abubakar Malami and the Minister of State for Petroleum, Timipre Sylva, for interrogation.ADVERTISEMENT …
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