Nigeria To Overturn $11bn P&D Arbitration Business
“The stakes in this colossal dispute could not be higher for the Nigerian people, who stand to lose the equivalent of nearly a third of the country’s entire budget for 2023 to a small offshore company with opaque ownership structures,” said senior legal researcher at anti-corruption group Spotlight on Corruption, Helen Taylor.
The trial, expected to last eight weeks, will hear evidence from individuals including Dublin-based Cahill; Grace Taiga, a former legal services director at Nigeria’s petroleum ministry, and former P&ID director James Nolan, who will give evidence from a confidential location via video link. P&ID claims Nigeria invented the accusations of corruption to avoid paying what it legally owes. “P&ID vigorously denies that the awards in its favour should be set aside”, a company spokesperson said, adding: “P&ID will present its submissions and evidence to the English High Court in support of its defences.”
The judge, Sir Ross Cranston, said there was “a strong prima facie case that the [project] was procured by bribes paid to insiders as part of a larger scheme to defraud Nigeria”. He found there was also a “strong prima facie case” that Quinn had given “perjured evidence to the tribunal” to “give the impression that P&ID was a legitimate business and was able and willing to perform the [contract] “.
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