News
FG Rejects $9.6bn Debt Judgement, Links Contract To Yar’Adua’s Govt
The Federal Government has linked the contract which led to a judgement debt of $9.6billion (approximately N3.5trillion) to the administration of ex-President Umaru Musa Yar’Adua.
It also protested against the award of the judgment debt, and claimed that it cannot stand.
The government also said that President Muhammadu Buhari has ordered the Economic and Financial Crimes Commission (EFCC), the National Intelligence Agency (NIA) and the Inspector-General of Police to probe the criminal conspiracy behind the failed contract.
The government alleged that the contractor; Process and Industrial Developments Ltd (P&ID) did not execute the contract, and therefore, was not entitled to any such payment.
The government made the clarifications at a joint briefing in Abuja by the Minister of Information and Culture, Alhaji Lai Mohammed alongside the Minister of Justice, Abubakar Malami (SAN), the Minister of Finance, Zainab Ahmed and the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, yesterday.
Mohammed said: “We have invited you here today to brief you on the recent judgement of a UK Court authorizing Process and Industrial Developments Ltd (P&ID) to seize $9.6billion in Nigerian assets, over a contract entered into by the company and the Ministry of Petroleum Resources in 2010.
“We will quickly run you through the issues at stake as well as what the Nigerian government is doing to stave off any seizure of its assets. We do hope that by the time we conclude this briefing, the media would have been better informed on the whole issue, hence will be better placed to inform Nigerians and clear the misrepresentations in certain circles.
“The judgement that was delivered on Friday, August 16, 2019, is fallout of the contract purportedly entered into in 2010 between the Federal Ministry of Petroleum Resources and P&ID. Please, note that in the 20-year Gas Supply Processing Agreement (GSPA) purportedly entered into with the P&ID in 2010, the company never performed as agreed.”
Malami said “the contract was designed ab initio to fail.
“We are investigating the criminal conspiracy”.
The Minister of Finance, Mrs. Ahmed said, “This judgment cannot stand. It is about N3.5trillion, which is the size of our national budget.”
The CBN governor said P&ID “did not invest one cent into this country and challenged the firm to show proof.”
It would be recalled that an Irish-owned firm, Process and Industrial Developments Ltd (P&ID) was granted court permission to seize up to $9billion (£7.4billion) in assets belonging to the Nigerian government.
Last week, Mr Justice Christopher John Butcher of the British Commercial Court had said that the firm could take 20 per cent of Nigeria’s foreign reserves, a move that would deal a devastating blow to the Nigerian economy.
According to reports, in 2010, the company struck a deal in which the Nigerian government would supply gas to a processing plant in Calabar, built and run by P&ID, formed by two Irish businessmen.
The government failed to fulfill its side of the agreement.
However, in 2013, P&ID won a $6.6billion arbitration case.
The figure was calculated based on what the company was estimated to have earned over the course of the 20-year agreement.
But P&ID now says interest accrued means it is owed $9billion.
The court’s decision means that the arbitration has been converted into a legal judgement, allowing P&ID to attempt a seizure of the assets.
Lawyers representing the Nigerian government argued the award should not be enforced because England was not the correct place for the case, and even if it were, the amount awarded was “manifestly excessive.”
Justice Butcher rejected these arguments, and said he would “receive submissions from the parties as to the precise form of order appropriate.”
“P&ID is committed to vigorously enforcing its rights, and we intend to begin the process of seizing Nigerian assets in order to satisfy this award as soon as possible,” said Andrew Stafford, Q.C. of Kobre & Kim, which represents P&ID.
In 2012, P&ID took the government to arbitration over the failure of the deal and won the award, which was based on what it could have earned during the 20-year agreement.
Stafford said that with accrued interest, the award now tops $9.6 billion.
Legal experts say that assets used for diplomatic purposes – such as the Nigerian High Commission building in central London – are not eligible for seizure, but commercial assets are.
News
Cleric Harps On Significance Of Thanksgiving
The General Overseer of Firstlove Assembly and renowned preacher, Senior Pastor Simeon Afolabi, has highlighted the significance of thanksgiving, saying it remains one of the best ways to show gratitude to God, and also one of the ways to please God Almighty.
Pastor Afolabi gave the indication as the guest preacher at the annual thanksgiving celebration of Holy Hills Church in Port Harcourt last Saturday.
The 2025 Holy Hills Church annual thanksgiving, tagged, “Thanksgiving of God’s Mercies”, witnessed the gathering of christian faithful to celebrate God’s unwavering love and mercies despite insurmountable challenges.
The General Overseer said the essence of thanking God cannot be over-emphasised, considering the good things He is doing for mankind.
The renowned man of God said one of the ways to please God is not to take His act for granted but to thank Him for everything He has done.
He urged churches to endeavour to make thanksgiving their priority so as to attract more blessings from God.
Pastor Afolabi noted that gratitude is a way of God, hence, “it behooves us to do it every moment of the day,” and opined that the Holy Hills Church was on the right track by recognising God’s mercy and kindness through thanksgiving.
In his remarks, the General Overseer of Holy Hills Church and Chief Host, Pastor Sunny Ikonwa said the aim of the annual thanks- giving celebration was to thank God for His mercy, saying, the annual event which is like Christ Mass to his members could best be described as God’s faithfulness upon their lives.
He said the annuall meeting remains God’s project which the church attaches great importance to and ensures its success every year.
He noted that the church under him will continue to sensitise people and preach to them on the way of peace.
The cleric recalled that the church that started under a palm tree has made tremendous improvement by God’s grace.
Pastor Ikonwa said his mission which is doing what pleases his Maker remains his watchword.
The Holy Hills Church pastor said the mercy of God has been able to sustain his people, saying, the prayer of a Christian goes a long way to rekindle the heart of God, stressing that it is for this singular reason that the church had come in His presence with something measurable to it, as a way of showing appreciation.
According to him, anything big starts small just as his church has done.
He said to the glory of God, today, the church has been growing in His direction.
He, therefore, admonished Christians to have hope and faith in God in the face difficulties, urging the government to always put the interest of the people first, as it has everything it takes to make life meaningful for the citizenry.
Pastor Ikonwa noted that government should be able to implement policies geared towards bettering the lives of the people.
The climax of the programme was the cutting of the thanksgiving cake by the General Overseer and his wife .Various organs of the church also made special presentations to God.
News
Police Confirm Death Of Two Officers In Imo, Finger IPOB
The Nigeria Police Force has indicted the dreaded group, Indigenous People of Biafra (IPOB) over the killing of two police officers, and injuring of one civilian who was rushed to the hospital after sustaining bullet wounds in a coordinated attack in Imo State on June 11, 2024.
The State Police Command, had in a press release accused the Eastern Security Network (ESN), a wing of the Indigenous People of Biafra(IPOB) of being responsible for the killing of the two police officers and injuring of a civilian at Akabo community in Ikeduru Council Area of Imo State.
According to the police, the incident was perpetrated in the early hours of the day by the hoodlums. They attacked one Christian Ama Chukwu in front of his shop at 79, Umudike, Umunnemoche Abazu, Akabo in Ikeduru Local Government Area of Imo State.
Operatives of the Nigeria Police Force, engaged them in a prolonged gun battle and ultimately repelled the attack. Unfortunately, two police personnel lost their lives in the attack. An unnamed civilian was also critically injured in the attack,and he sustained serious injuries in the course of the shootout.
Some residents who spoke with newsmen said the hoodlums were first noticed alighting from their vehicles and harassing residents for not participating in the seat-in or seat-at-home protests. They said the situation got out of control when they opened fire on an approaching police vehicle.
Another eye witness, IfechukwuOpara, said the gunmen then moved around the village in the community,shooting sporadically to aid their escape. “They were driving around the community in a reckless manner while shooting in the air to scare people away before they finally left”, he said.
The Police Public Relations Officer (PPRO), Imo State Police Command, DSP Henry Okoye had confirmed the incident.
He described it as “a senseless, unwarranted and unprovoked act of violence which must not go unsolved.”
According to him, the police would not leave any stone unturned in the quest to arrest and prosecute the criminals.
Subsequently, the Imo State Commissioner of Police, Aboki Danjuma, had mobilised a Police Tactical Squad of the Command to track down the killers, and said, “As I am talking to you now, an intense operation is currently going on in Ikeduru Local Government Area with a view to apprehending the hoodlums responsible for the attack.”
DSP Okoye noted that killings were another painful and stark reminder of the sacrifices police officers make in the commitment to secure the country.
News
‘Tinubu Committed To Environmental Sustainability, Benefits To Ogoni’
As the Ogoni cleanup programme being implemented by the Hydrocarbon Pollution Remediation Project (HYPREP) continues to record significant milestones across thematic areas, the Federal Government says such gestures further demonstrate President Bola Tinubu’s commitment under the Renewed Hope Agenda to environmental sustainability and ensuring the Project brings benefits to Ogoni people.
The Minister of Environment, Malam Balarabe Abbas Lawal, who made this assertion during the commissioning of the Bane and Gwara water schemes in Khana Local Government Area of Rivers State, in line with HYPREP’s mandate to provide potable water to Ogoniland, said the provision of potable water is a critical step towards improving public health, reducing waterborne diseases and enhancing the overall quality of life.
The latest commissioning brings the water stations to 16, providing access to potable water to 45 Ogoni communities , a development the Minister explains as part of President Tinubu’s commitment to peace ,environmental justice and socio-economic empowerment in Ogoniland, a beacon of hope for communities long affected by environmental degradation.
Lawal noted that the latest commissioning is restoring hope and dignity to the communities long deprived of this essential resource .
‘’The provision of potable water is a critical step towards improving public health, reducing waterborne diseases and enhancing the overall quality of life. It also signifies a renewed commitment to ensuring that the people of Ogoniland reap the full benefits of environmental remediation efforts.We
will continue to ensure that communities in Ogoniland have access to clean, safe and sustainable drinking water. With this initiative, we are not just commissioning infrastructure but restoring hope and dignity to the communities long deprived of this essential resource”, he said.
While commending the Project Coordinator of HYPREP, Prof Nenibarini Zabbey, development partners, stakeholders and traditional rulers, among others for their relentless commitment towards the actualisation of these projects, he urged communities to protect and take ownership of the projects, emphasising that their longevity and effectiveness depend on their collective efforts of maintaining and protecting them for posterity.
In his speech at the event, the Project Coordinator of HYPREP, Prof Nenibarini Zabbey maintained that the Project remains resolute in its resolve to ensure that it completes and delivers all projects initiated within the time frame for the use and benefit of Ogoni people in line with the directives of the Governing Council and under the leadership of the Minister of Environment, Malam Balarabe Abbas Lawal.
To achieve this, Zabbey explained that “We
continue to work closely with community leaders, youth and women, contractors and other stakeholders to ensure solutions are identified and implementation continues smoothly.
‘’We remain guided by the principle of partnership, dialogue, transparency and accountability, knowing that sustainable progress is best achieved through collaboration and mutual understanding. That is the hallmark of HYPREP,” he said.
He appealed to the people to continue to reinforce peace and understanding, using dialogue as a vital tool for resolving disputes, especially around project sites and within communities, noting that the concurrent implementation of over 100 projects across Ogoniland reflects the seriousness and dedication of HYPREP, a momentum that must be sustained through mutual trust and collaboration.
For the Project Coordinator, the event was an ideal opportunity to provide a project status update to Ogoni people, as he excitedly announced the milestone achievements recorded so far to include environmental remediation-94 percent completion in Phase 1 of mangrove restoration; shoreline at 67.1percent; Phase 2 land remediation at 36.55 percent; potable water-14 completed water facilities inaugurated, supplying potable water to 40 Ogoni communities, while the commissioning of the Bane and Gwara water facilities last Saturday increased the number of communities with access to clean and safe water to 45.
Other milestones are the Centre of Excellence for Environmental Restoration (CEER) at 92 percent complete and the processes of operationalising the Centre has begun with the just concluded colloquium, while the Ogoni Power Project is progressing steadily with wayleave compensation and construction works at Bodo and Wiiyaakara substations ongoing. The Ogoni Specialist Hospital is at 76.8 percent with 98.7 percent achieved in the Buan Cottage Hospital. The Ogoni public study being conducted by the World Health Organisation’s (WHO) International Agency for Research on Cancer (IARC); over 7,000 women and youths have benefited from various employment opportunities, while over 5,000 have been trained in multiple skills and provided start-up skits, among other programmes.
Zabbey further hinted of the commencement of some demand-driven skills areas this quarter, which include cybersecurity, full-stack development, mud logging, software development, GIS and commercial diving.
In their separate goodwill messages, the member representing Khana/Gokana Federal Constituency in the House of Representatives, Rt Hon Dumnamene Deekor; Chairman,Great Green Wall, Senator Magnus Ngei Abe; Chairman, Board of Trustees, Ogoni Trust Fund Incorporated, Hon Emmanuel Deeyah; Permanent Secretary, Rivers State Ministry of Water Resources and Rural Development, MrNwizug Gordon; representative of the Managing Director/Chief Executive Officer, Renaissance Africa Energy Company Limited and General Manager, Relations and Sustainable Development, MrIgoWeli; former Secretary to Rivers State Government, Chief Kenneth Kobani; and former Rivers State Commissioner for Environment, Prof Roseline Konya; all commended the Minister of Environment and HYPREP for their commitment to the Ogoni cleanup programme.
Earlier, the Minister and his entourage had paid a courtesy call on Mene Bua Kenwigbara, King D.Y Barile, at his palace, where the former was conferred a chieftaincy title of MeneAnua Le Maa 1 of Ken-Khana Kingdom; and the Project Coordinator of HYPREP as Mene doo Letam 1 of Ken-Khana Kingdom.
Also decorated were the Chairman of Ogoni Trust Fund Incorporated, Hon Emmanuel Deeyah; and the Permanent Secretary, Federal Ministry of Environment, Mahmud Kambari.
Highpoints of the event were the formal commissioning of the Bane and Gwara water facilities by the Minister and the Managing Director/ Chief Executive Officer, Renaissance Africa Energy Company Limited, Engr Tony Attach,represented by MrIgoWeli; the symbolic issuance of education support Items;and the visit to the Ken Saro-Wiwa Memorial Park for symbolic tree planting by the Minister; the Project Coordinator; BoT Chairman; Senator Abe; IgoWeli; Director General, NEASRA, Prof Innocent Barikor; and Zina Wiwa, the daughter of the legendary environmentalist; and the visit to the CEER.
In two years, the Minister of Environment, has visited Ogoniland five times to commission 16 water stations, supplying potable water to 45 Ogoni communities and ensuring that other projects get equal attention, a clear demonstration of his unflinching commitment to the accelerated implementation of the Ogoni cleanup programme in line with Priority 3, Deliverable 3 of President Bola Ahmed Tinubu’s Renewed Hope Agenda and driven under the visionary and passionate leadership of Prof NenibariniZabbey as Project Coordinator.
By: Donatus Ebi
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