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Buhari, Not Jonathan to Be Blamed for $9bn Judgement Debt, Says P&ID

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The attempt by President Muhammadu Buhari to pin the $9billion British court’s judgement debt on former President, Goodluck Jonathan, has been dismissed by the Process and Industrial Developments Limited (P&ID), the very Irish company, that is in the thick of the entire saga.

P&ID in a clear statement, on Friday, completely absolved the former President of culpability and blamed both Buhari and the Attorney General, Abubakar Malami responsible for the development.

The company, in attempt to set the record straight, P&ID, detailed how the Buhari government, practically slept on the issue and accused Malami particularly of trying to revise history and introduce allegations of contract fraud.

Read the full statement:

Malami’s Revisionist History

It is another day, and with it comes another attempt from the Nigerian Government to create a fictional history of the P&ID case.

This week’s series of desperate conspiracy theories point to something deeper: the Buhari Administration is refusing to admit its own role in the P&ID case from 2015-2019 after it came into office.

Appearing on CNBC Africa, Attorney General Abubakar Malami sought to wipe his hands and the hands of the Buhari Administration clean when he stated, “[t]he government as a unit was delicately involved. And that was the government in 2010, the award was in 2012, and then three years thereafter the current administration under the leadership of Muhammadu Buhari came into place. So the time when this administration came to place in 2015, the award was over three years, there was no appeal, no application for execution, no application to set the award aside.”

Attorney General Malami seems to have a case of amnesia.

Let’s set the record straight:

May 3, 2015: P&ID offers to settle the dispute with the Nigerian Government for $850mm. President Goodluck Jonathan indicates they are handing over the negotiations to the incoming Buhari Administration.

May 29, 2015: Muhammadu Buhari is sworn in as the 15th President of Nigeria, but fails to appoint a cabinet for five months.

July 17, 2015: The Arbitration Tribunal found in favor of P&ID (i.e. – the Liability Award). The new Buhari Administration did not make any attempts at settling or negotiating with P&ID, and did not make any effort to challenge the decision.

November 11, 2015: Attorney General Malami was sworn in November 11, 2015, just under three months after the Liability Award.

May 27, 2016: The Arbitration Tribunal wrote to the Nigeria Government confirming that: “As the parties will be aware from Procedural Order No 12, the Tribunal has decided that the seat of the arbitration is England. It follows that the Federal Court of Nigeria had no jurisdiction to set aside its Award.” Neither Attorney General Malami, nor any representative of the Buhari Administration did anything in response other than continue with the proceedings, thereby tacitly accepting the analysis of the Arbitration Tribunal.

June 24, 2016: Having failed to set aside the Liability Award by falsely claiming the seat of arbitration was in Nigeria; not England, Attorney General Malami wrote personally to the arbitrators to say “my office has taken over the handling of the above arbitration on behalf of the Ministry of Petroleum Resources.” He asked for and obtained an extension of time to file a defence to quantum, and appointed his own legal team in place of the Ministry of Petroleum Resource’s legal team.

August 30-31, 2016: The Quantum Hearing (i.e. – amount of damages payable) takes place in London. Attorney General Malami’s legal team conducted Nigeria’s defence at the quantum hearing. Expert witnesses as to quantum were called to give evidence and were cross-examined.
After the Quantum Hearing, Attorney General Malami instructed his lawyers to request a standstill agreement, which would take effect from the date of the Award.

This fact has never been publicly reported until today.

January 31, 2017: The Arbitral Tribunal issued a final award, ordering Nigeria to pay P&ID $6.5 billion plus $2.3 billion in uncollected interest as of March 2018.

February 17, 2017: The Award on Quantum was delivered to the parties on February 17, 2017. Despite the 60-day standstill having been agreed by P&ID, Attorney General Malami made no attempt to negotiate with P&ID during the 60 days following the handing down of the Quantum Award.

April 28, 2017: After the 60 days had expired, Attorney General Malami instructed his lawyers to write to P&ID’s lawyers and explained that “The delay was occasioned by the bureaucracy of the Federal Government in a bid to determine a reasonable strategy after receipt of the Arbitral award.” The Attorney General’s lawyers added: “we now have the authority of the Vice President of the Federal Republic of Nigeria to meet with the Claimant to negotiate the Terms of the Arbitral award.”

Today: In the lead up to the judgment by the English Commercial Court, Attorney General Malami allowed the time for acknowledging service in both the United States and London to lapse without filing any response. In both jurisdictions, Nigeria’s lawyers Curtis Mallet had to apply for ex post facto extensions of time and make the necessary apologies and explanations to the court.

In London, a senior Curtis Mallet partner explained that the Claim Form was “immediately filed and not passed up the chain of command” at the Ministry of Justice. The partner pleaded that “the delay was neither deliberate nor intended to be disrespectful to the Court.”

In the US, Curtis Mallet explained that the deadline was missed because they were in the process of being formally retained by the Nigerian Government and had been instructed to enquire about the potential for a settlement

The Attorney General’s pronouncements in the Nigerian press are a clear attempt to cover up his own incompetence and that of the Buhari Administration. This is a matter, which could have been settled shortly after he took office in November 2015 for $850 million. Instead, he personally took the decision to gamble on the arbitration and turned an $850 million liability into a $9.6 billion liability.

And at no time since has Attorney General Malami assumed responsibility has he raised any allegation of fraud or scam, either in the arbitration or in the subsequent enforcement proceedings. The reason for this is that there was no fraud. All of this raises serious concerns for foreign investors in Nigeria, whether you are investing in a commercial enterprise or buying Eurobonds. Not only will Nigeria deliberately refuse to pay an international arbitration award backed by an English Court, but they are prepared to launch sham investigations and character assassinations when all else fails.

This is a serious assault on the Rule of Law by a demonstrably dishonest administration.

Meanwhile, P&ID is now focused on vigorously enforcing its legal rights in the UK, including seizing Nigerian assets to satisfy the award. This will begin as soon as possible.

Source: whirlwindnews

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Police Arrest Four Yoruba Nation Agitators for Seizing Radio Station

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Some Yoruba Nation agitators, on Sunday morning, seized Radio Nigeria, Amuludun FM 99.1 in Ibadan, the Oyo State capital, taking over broadcast for more than one hour.

A source told The PUNCH Metro that the agitators, who besieged the station around 5:40 am in an 18-seater bus, were armed with dangerous weapons and charms, threatening to deal decisively with any staff member who refused to cooperate with them.

However, four out of the agitators, among whom was a woman, were arrested by the police with the assistance of the Nigerian army, while others ran into different directions to evade arrest.

One of the arrested agitators, who sustained gunshot wounds, had rushed into the studio to tell others that security operatives had taken over the nooks and crannies of the station. The blood stain was seen in the studio.

An investigation by our correspondent revealed that after holding some night duty staff and security guards hostage, the agitators hijacked the studio and announced live on radio “Welcome to Yoruba Nation.”

An impeccable source further said they continued threatening staff members to remove all Nigeria flags in the station and replace them with Yoruba Nation flags as they have already taken over the Government Secretariat, Agodi, Ibadan.

It was further learnt that they initially hijacked some commercial vehicles (Micra) to block the main road.

When our correspondent visited the station at J&P Bus-stop, Moniya in Akinyele Local Government Area of the state, more than 20 operational vehicles of security agents, including Department of State Services were sighted at strategic locations to forestall any eventuality.

Confirming the invasion, the most senior staff on duty, Ajayi Omotola, stated that, “They told us that they are Yoruba Nation agitators. And in their T-shirt, there was that inscription there. They wrote Yoruba Nation. Only six persons came inside the studio with different charms threatening to kill us if we failed to cooperate. Others were outside manning security at different areas within the premises.

“They collected all our phones and threatened to kill us if we made any noise or phone calls. They said they wanted to broadcast live that Yoruba Nation has taken over. We should remove all Nigeria flags in our studio and replace it with their own. They didn’t allow anybody to go outside. The Area Commander came, addressed and even pleaded with them but they ignored him. We later heard sporadic shooting outside. So, one of our staff members then came inside to inform us that police and soldiers had arrived,” Omotola stressed.

As of press time, normalcy had returned while stern-looking security operatives were still manning the station.

The Punch

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76th Cannes Film Festival Ends with Bang

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The stars on parade at 76th Festival de Cannes

 

By Michael Effiong

The colour, the glamour, the style and class of the 76th Annual Cannes Film Festival ends today with a big bang.

Festival de Cannes, the film industry’s most prestigious festival will take place at 8:30 pm and will be broadcast live on France 2 and internationally on Brut.

The Jury, presided over by director Ruben Östlund and including director Maryam Touzani, actor Denis Ménochet, writer/director Rungano Nyoni, actress/director Brie Larson, actor/director Paul Dano, writer Atiq Rahimi, director Damián Szifron and director Julia Ducournau, will select the winners from the 21 films in Competition this year.

Actress Anaïs Demoustier, President of the Jury, will hand out the Caméra d’or award to the best first film. Actress Stacy Martin and director Ildikó Enyedi, President of the Short Film and La Cinef Jury, will award the Palme d’or for short films.

Actor Orlando Bloom will hand out the Jury Prize. Actor Song Kang-ho, last year’s winner of the Best Performance by an Actor for Broker and actress Zar Amir Ebrahimi, last year’s winner of the Best Performance by an Actress for Holy Spider, will award the Best Performance by an Actress and Best Performance by an Actor Prizes respectively.

 

Actor John C. Reilly, President of the Un Certain Regard Jury, will award the Best Screenplay Prize, while Pete Docter, Creative Director of Pixar Studios, will present the Best Director Prize.

 

The Festival de Cannes will also be honored by the exceptional presence tonight of legendary filmmaker Roger Corman, who will present the Grand Prix alongside virtuoso Quentin Tarantino.

 

Finally, the prestigious Palme d’or will be presented by the formidable and inspiring Jane Fonda.

 

The Closing Ceremony will mark the end of the 76th Festival de Cannes, and will be followed by the screening of Peter Sohn‘s film Elementary in the Grand Théâtre Lumière.

 

The 21 films competing for the Palme d’or this year are : Firebrand by Karim Aïnouz, Asteroid City by Wes Anderson, Rapito (Kidnapped)(Kidnapped) by Marco Bellocchio, Les Filles d’Olfa (Four Daughters)(Four Daughters) by Kaouther Ben Hania, L’Été dernier (Last Summer) (Last Summer) by Catherine Breillat, Kuru Otlar Ustune (About Dry Grasses)(About Dry Grasses) by Nuri Bilge Ceylan, Le Retour (Homecoming) by Catherine Corsini, The Zone of Interest by Jonathan Glazer, Club Zero by Jessica Hausner, May December by Todd Haynes, Monster by Kore-Eda Hirokazu, Kuolleet Lehdet (Fallen Leaves)(Fallen Leaves) by Aki Kaurismäki, The Old Oak by Ken Loach, Il Sol dell’ avvenire (A Brighter Tomorrow)(A Brighter Tomorrow) by Nanni Moretti, La Chimera by Alice Rohrwacher, Black Flies by Jean-Stéphane Sauvaire, Banel e Adama by Ramata-Toulaye Sy, La Passion de Dodin Bouffant (The Pot-au-Feu) (The Pot-au-Feuby Tran Anh Hùng, Anatomie d’une chute (Anatomy of a Fall) (Anatomy of a Fallby Justine Triet, Jeunesse (Le Printemps) (Youth (Spring))(Youth (Spring)) by Wang Bing, Perfect Days by Wim Wenders.

The Closing ceremony, usually a wonderful evening to behold will be broadcast in English and French by Brut.

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Delta Beyond Drugs: Bishop Aruakpor Receives Silec Initiatives

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In preparation for the forthcoming Delta Beyond Drugs Project in Delta State, the SILEC Initiatives team paid a visit to the Bishop, Anglican Diocese of Oleh Church of Nigeria, The Rt. Rev’d John Usiwoma Aruakpor. The solidarity visit was led by the Founder/President Silec Initiatives, Amb. Sunny Irakpo, a U.S Government Sponsored Exchange Alumni who was invited by the U.S Government to participate in the prestigious international Visitor’s Leadership Exchange Program of the Department of State in 2019.

Upon his return from the States, the anti-drug ambassador has continued to sensitize the public on the dangers of drug abuse in Nigeria where he currently floats the Delta Beyond Drugs Project to compliment the efforts of the State Government in order to help address the heightened state of drugs and substance abuse.

Irakpo, intimated the plans of the DBD Project to the Diocesan who keep championing innovative projects in Isoko especially the just concluded School of Nursing , Hospital and many other ongoing projects for the Isoko nation. He hinted that the primary objective of the DBD Project is to sensitize the youths and parents alike about the dangers of drug abuse with the various experimentations presently ongoing amongst youths.

He voiced that drug abuse has eaten deeply into the fabric of the society, and the illicit are experimentation by the youths with different hazardous chemicals/ drugs on a regular basis which is even harmful to their health and that the need to address this ugly trends claiming the lives of promising youths in the state is now.

The trend which has become very worrisome in Isokoland and other parts of Delta state, need the attention of all stakeholders to participate in the wellbeing and wellness of our youths and society.

While he appreciated the clergyman for given them the opportunity to collaborate with the church, also related that Silec Initiatives is one of the most active anti-drug NGO in Nigeria, and as a pragmatic organization that has contributed immensely to the fight against drugs merchandise with empirical evidences, remain an NGO recognized at the international level for their exception capacity in the fight against drug abuse in Nigeria for over a decade.

In his response, Bishop Aruakpor was very happy, impressed and proud with the Founder Silec Initiatives Sunny Irakpo for making the Isoko nation proud in Nigeria and across the global space.

And that seeing a young man with such laudable vision with thought provoking ideas and concept is an indication that Isoko nation is on the good path of greatness and progress if only support is given to him and many others who are making the Isoko nation proud.

In his words, I am proud of you for all the giant strides you have made in this nation in this life transforming Initiative.

We gladly welcome you home for we need you at this critical moment that our youths are becoming something else in the name of drugs. As a diocese ,we are doing our best in the environment we’ve found ourselves as we continue to apply the ant philosophy to achieve all the God given projects to us. For there’s nothing , I lay my hands that God will not help me to accomplished. So in this campaign against drugs and substance abuse in Delta State Particularly in Isokoland, we are solidly behind you to drive the message back home. We shall give Silec Initiatives the full support and to also rally round in the area of funding for the sustenance of the project. We shall also try our best to reach out to the various stakeholders of which we are also involving the Nigeria Police, all the clergy and the youths.

Other members of the team were Kingsley Ewomarevia Silec Initiatives Community Liaison Coordinator, James Agholor, Director of Publication Silec Initiatives, top Isoko artistes Obara Obaro (MC Moonlight) and Funky Franky a music impresario.

The event is schedule to take place with a mega rally to mark the international day against drug abuse and illicit trafficking on the 10th June ,2023 in Partnership with the Anglican Diocese of Oleh Church of Nigeria by 8:am at the Cathedral of Paul as a meeting point to take off.

The founder Silec Initiatives enjoined all Sons and Daughters of Isoko to come out enmass to vehemently resist this enemy of progress of youths, Isoko nation, Delta State and Nigeria in general.

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