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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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Again, DStv, Gotv Jack Up Subscription Rates

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Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria four months after its last increment.

The company reviewed prices in its packages across the board. The new prices will take effect from May 1, 2024.

With the latest price hike, the DStv Premium package increased from N29,500 to N37,000. Similarly, the DStv Compact+ went up from N19,800 to N25,000 while the Compact package increased from N12,500 to N15,700.

The Comfam package moved from N7,400 to N9,300. Yanga package moved up from 4,200 to N5,100 while Padi package increased from N2,950 to N3,600. HDPVR was increased from N4,000 to N5,000, the Access Fees package from N4,000 to N5,000, and XtraView moved from N4,000 to N5,000.

Meanwhile, the Gotv Supa+ package moved from N12,500 to N15,700, Supa package from N7,600 to N9,600, and Max package from N5,700 to N7,200.

While the Jolli package was jacked up from N3,950 to N4,850, the Jinja package moved from N2,700 to N3,300, and Smallie package from N1,300 to N1,575.

READ  Niger Coup: ECOWAS leaders in Abuja for emergency meeting

It will be recalled that the company implemented an upward review of prices in December 2023, days after announcing a $72m loss in its financial statement for the third quarter of the year.

Checks on the company’s reviewed price list then showed a 20 per cent per cent hike in the company’s packages across the board.

 

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I’ll Resign If Yaya Bello Eacapes Prosecution, EFCC Chair Vows

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Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has sworn to follow the prosecution of the Governor of Kogi State, Yahaya Bello, to a logical conclusion.

In a chat with journalists at the EFCC Headquarters in the Jabi area of Abuja on Tuesday, the anti-graft crusader vowed to resign as EFCC chairman if Bello is not prosecuted.

He added that all those who obstructed the arrest of the former governor would be brought to justice.

The EFCC is seeking to arraign Bello on 19 counts bordering on alleged money laundering, breach of trust and misappropriation of funds to the tune of N80.2 billion.

He said that no matter what anyone does or the amount of attack against the anti-graft agency, he and his men will not relent in helping to sanitise the country.

Olukoyede said the EFCC needs the support of Nigerians to succeed, emphasizing that if the agency fails, Nigeria fails. He stated that the efforts made currently have helped the value of the Naira and the foreign market.

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Kwibuka 30: Nigerian Community In Rwanda Visits Kigali Genocide Memorial

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By Dolapo Aina

The 30th Commemoration of the 1994 Genocide Against The Tutsi commenced in Rwanda on Sunday, April 7, 2024. The commemoration is called Kwibuka which in Kinyarwanda means “to remember.”
For clarity and context, April 7th 2024 marked the start of Kwibuka 30, the 30th commemoration of the Genocide against the Tutsi, which began on April 7th 1994. As with other commemorations, the Kigali Genocide Memorial was a focal point as the flame of remembrance was lit and global dignitaries placed wreaths at the mass graves. The memorial is normally closed to the public for part of the day on April 7th, with attendance at the lighting of the flame by invitation only.
In and around Kigali during the first week of the commemoration, a plethora of commemorations took place to mark Kwibuka 30 and different events took place during its first week in particular. Bars, clubs and public leisure facilities are usually closed for the week and this was so, this year.
The Nigerian Community in Rwanda marked Kwibuka 30 with a walk to the Kigali Genocide Memorial on Saturday, the 13th of April 2024. The walk had members (old, new and friends) of the Nigerian Community who gathered in the rain and walked to the location of the Kigali Genocide Memorial in Gisozi where the remains of over 250,000 people are interred.
A tour of the memorial complex ensued and the members of the Nigerian community watched a documentary in the viewing room. The documentary featured survivors of the 1994 Genocide Against The Tutsi who usually visit the memorial to pay their silent respect and reflections to loved ones who are buried in the burial grounds of the Genocide Memorial.
Walking through the hallways and rooms, Nigerians read the stories on the hallways and discussed amongst themselves. For some, it was their first time at the memorial, for others, it was the umpteenth visit. For Dolapo Aina, I have been visiting the memorial since April 2014 and for each visit (numbering close to 70 visits), I come out with a newer and clearer understanding. It was a sombre period going through the hallways and rooms as some people could not go through the emotions of going into the children’s room. Wreaths were laid at the grave site section and the members of the Nigerian community proceeded to a serene area of the complex facing the amphitheatre where there was a deep hour conversation with one of the officials of the Kigali Genocide Memorial.
Mr Jean Claude Mugisha (an official of the memorial in Gisozi) practically took the Nigerian community through the genesis of the history of Rwanda and the beginning of pogroms from the 1950s culminating in the 1994 Genocide Against The Tutsi. In Mr Mugabe words; “I have been able to forgive. Also, I am involved in unity and reconciliation activities and learning from the power of forgiveness.” Discussions also centred on justice systems, the role of Gacaca court system, reconciliation and nation building. Members of the Nigerian Community asked questions which were answered. Some of the questions triggered areas of collaboration.
Dolapo Aina got the thoughts of some Nigerians resident in Rwanda and who took part in the walk to the Genocide Memorial. Their responses were based on the following questions. Why did you partake in the walk organised by the Nigerian Community in Rwanda to commemorate Kwibuka 30? What was the experience like? Do describe your thoughts when you visited the Genocide Memorial? What stood out to you from the conversation the Nigerian Community had with officials of the Kigali Genocide Memorial? What lessons did you learn from the visit of the Nigerian Community to the Genocide Memorial?
Mr David Oboh in his words; “I partook in the walk to identify with a nation that experienced one of the worst crimes to humanity but today has become a beacon of hope to African nations that things can actually turn around for the better if you decide to. It was heart-wrenching seeing the bones and pictures of the victims murdered in cold blood by family members, neighbours and long-time friends.” On the third question about what stood out during the conversation, Mr Oboh said; “That a man after 15 years in jail came out and still committed murder because he thought he had killed everyone in a family. His mind had not left the past.” He also stated that; “The memorial is a reminder to all that history not forgotten cannot be repeated.”
In Ms. Mercy Odebode’s words: “It not my first time visiting the memorial but this was a different experience for me because it made me realise why Rwandans tend to certain things and also don’t do certain things. For example, viewing religions especially religious institutions like the church differently from the way Nigerians would view it.” She stated that what stood out for her was: “The peace education stood out for me.” On lessons learnt from the visit by the Nigerian community; “First spread peace and not hate. Secondly, forgiveness is not an obligation, you choose to forgive. However, it is good to educate people about forgiveness, educate to forgive and then you proceed with reconciliation.”
Mr. Ogah Ogbole stated that: “The walk by the Nigerian community is something I would not want to miss anytime. I have the opportunity to do so with my fellow countrymen. My experience visiting the memorial and my thoughts can be summed up as ⁠heartbreaking to see fellow Africans killed in cold blood, by their own brothers. Something must have gone wrong somewhere. What stood out for me during the conversation with the officials of the memorial was that Rwandans understand history; they know how to resolve conflict and they know how to move forward. And I learnt to love my brother and my neighbour. More especially, seeing the Rwandans committed to remain one despite the 1994 Genocide Against the Tutsi blows my mind.”
Another Nigerian, Mr Kelechi Anyanwu stated that: “Partaking in the walk organised by Nigerian Community in Rwanda to commemorate Kwibuka 30 is a civic responsibility which I owe the host country; to stand in solidarity with them at this time of remembrance and in all times. I have visited the genocide memorial site more than 20 times within the short period that I’ve lived here in Rwanda. And every time I visit, I weep. Never will I stop visiting because it offers and brings me close to the reality of sober reflection that one day we shall all be gone and will only be remembered by those we left behind and how we left, will matter. Did we impact their lives positively or negatively? What will you be remembered for?”
On the experience and thoughts about visiting, Mr Anyanwu went thus: “It is also a constant reminder of how desperately wicked people’s hearts can be. With few exceptions. Lions, the king of the jungle don’t kill lions even as animals. Howbeit human beings with 6th sense got to the level of committing such crime against humanity! Therefore, visiting the Genocide memorial site is to provoke the whys and hows and arrive at a conclusion of never again should we condole or tolerate the killing of each other. Let’s love and not hate. The tour and the speech by the officials were quite insightful and significant as it left us with a better understanding of the effects of genocidal damage to humanity. The process of restoration. restitution, rehabilitation and reuniting to rebuild a nation for all; are the testaments of genocide survivors.”

Another Nigerian, Mr Cosmas Anakwue stated; “I took part in the walk to support the Nigerian community and to support Rwanda’s commemoration of Kwibuka 30. My experience at the memorial was good as it was an eye opener; it was informative and educational. What stood out for me was the attention given to the Genocide events and how we can relate it to our history as Nigerians. And one of the lessons I learnt was that we should use our bad history as a building block for our various nations in unity, peace and progress.
According to Kwibuka Rwanda, Kwibuka marks a generational cycle since The Genocide Against The Tutsi was put to an end. And it is a time to reflect on Rwanda’s journey of rebuilding strength, resilience, and unity. It now falls to new generations to sustain and carry forward this progress, adapting to today’s global challenges to achieve Rwanda’s aspirations.
The Nigerian Community in Rwanda commenced commemorating Kwibuka with a walk to the Genocide memorial in 2019.

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