News
Group Gives UK, Irish Govts 21 Days To Reverse $9.6bn Judgement
A Coalition of Civil Society Groups, yesterday, continued its protest to the British High Commission and the Embassy of Ireland in Abuja over the award of a $9.6billion fine against Nigeria by a United Kingdom court following a botched oil deal with an Irish firm, Process & Industrial Developments Ltd (P&ID).
Addressing the protesters at their resumed occupation of the Embassies, yesterday, the President of the group, Etuk Williams said the British and Irish governments have been given 21-day ultimatum to call P&ID to order.
They carried various placards with inscription such “$9.6billion judgement is a fraud”, “No to illegal takeover of our national assets”, “Nigeria rejects fraudulent judgment from British judge”, among others.
He described the judgment as a travesty of justice and disrespect to the Nigerian government.
He said while the group respects the responsibility of the courts, it frowns at the steps taken by the company and the tribunal in the UK towards the dispute involving Nigerian government and P&ID.
He said, “We are giving the British and Irish governments 21-day ultimatum to act and call the UK court, P&ID and Irish government to order.
“If after 21 days and nothing happens, we will come back to occupy the Embassies. We will sleep here, cook here and eat here until the judgment is reversed.”
The group stated that it embarked on the protests to send a strong message to the international community that Nigeria is not a lawless country.
He added, “Nigeria is not a banana republic, our request should not be taken for granted.”
He said the protest was suspended by the group to allow both the Irish and UK governments consider the request of the group to reverse the $9.6billion judgment.
However, the Federal Government, yesterday, urged Nigerians to ignore the ostentatious claims by the Process and Industrial Developments Ltd (P&ID) on compilation of Nigeria’s assets for attachment over a $9.6billion judgment debt.
The Minister of Information and Culture, Alhaji Lai Mohammed, made the call in Abuja when he paid a working visit to the headquarters of the “Leadership’’ Newspaper in Abuja.
Briefing the management and editorial board of the medium on the purported gas contract that led to the judgment debt, the minister reassured that government would take legal and diplomatic actions to ensure no asset of the country was annexed over the case.
“You will see that there is a lot grandstanding on the part of the P&ID, especially by the public relations consultant it hired.
“As a matter of fact, they are already threatening that they are already compiling the list of assets of Nigeria to attach.
“The truth of the matter is that, even in the judgment, the court said that it cannot start any attachment until the court resumes from vacation.
“We are doing everything possible and we are very optimistic that we will escape any embarrassment of attachment of the country’s asset as a result of this dubious award.
“The Federal Government has taken all necessary steps to ensure that no property of the country is attached by any court.
“Government will leave no stone unturned, legally and diplomatically to ensure that our asset will not be affected as a result of the judgment,’’ he said.
The minister reiterated that the contract was a scam from inception with both local and international collaborators who aimed at depleting the nation’s foreign reserves.
‘`How can people come into Nigeria with portfolio and walk away with about 20 per cent of our entire foreign reserve?
“We believe that both in terms of morality and law, we are confident that we will upturn the judgment.
“It is important to know that the government has also ordered investigations into the transactions because there are strong indications that underhanded things went on,’’ he said.
A United Kingdom Commercial Court had in a ruling authorized P&ID, an Irish engineering and project management company, to seize $9.6billion in Nigerian assets over the failed gas contract.
The judgment was fallout of the contract purportedly entered into in 2010 between the Federal Ministry of Petroleum Resources and P&ID, and subsequent award made in July, 2015 by an arbitration panel sitting in London in favour of the company.
President Bola Tinubu is expected to inaugurate four legacy projects, including a state-owned gas turbine, during a one-day state visit to Bayelsa State, today.
To this effect, the Bayelsa State Government has declared Friday (today) a work-free day, and ordered the closure of markets ahead of the President’s visit.
The state Commissioner for Information, Orientation and Strategy, Ebiuwou Koku-Obiyai, disclosed this yesterday in Yenagoa, the state capital.
She said, “As we all know that the state is ready and we are ready as a people to receive the father of the nation, our father and leader in the President and Commander-In-Chief of the Armed Forces of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, GCFR, who will be in the state on a one-day visit to inaugurate four legacy projects.
“In view of this, the state government has declared tomorrow, Friday, April 10, 2026, a work-free day to enable workers and other residents of the State to participate in the programmes lined up for the one-day official visit to Bayelsa State.”
According to her, Tinubu is expected to inaugurate key projects during the visit, including a state-owned gas turbine at Opolo-Elebele, a 60-kilometre dual carriageway from Onopa to the LNG axis, and a 630-metre bridge linking Angiama to Oporoma in Southern Ijaw Local Government Area.
Koku-Obiyai urged residents, including traders, to comply with the directive and turn out to welcome the President.
The government said the measures were part of efforts to ensure a smooth and successful visit.
The Tide reports that Bayelsa is the third state President Tinubu will visit for project commissioning in the last one week.
The President was in Ogun State last Saturday to commission the Gateway International Agro-Cargo Airport, Iperu, together with the state’s new airline, Gateway Airline, and its two newly acquired aircraft.
He also inaugurated logistics and trade infrastructure, and launched the Nigeria Customs Service’s N73bn hub that has a residential barracks, training college, warehouse and hospital.
The president also launched mobility, security and agriculture assets, including 1,000 electric motorcycles (EV bikes), and 80 units of security vehicles.
Tinubu was also in Lagos on Wednesday on a two-day state visit to commission key legacy projects of the Governor Babajide Sanwo-Olu administration.
Though represented by the Senate President, Senator Godswill Akpabio, the president inaugurated the newly constructed Ojota-Opebi Link Bridge, Lagos State Geographic Information Service (LAGIS) building, and Lagos Multi-Agency Building in Alausa.
Other notable projects commissioned by the President were Lagos Fresh Food Hub in Abijo, Ajah, Tolu Schools Complex in Ajegunle, and Maracana Stadium, comprising 19 mini-football pitches, built side-by-side in Ajegunle.
The Rivers State Government has called for stronger collaboration with horticulturists as part of renewed efforts to restore the aesthetic appeal and environmental quality of Port Harcourt, in line with its urban renewal agenda.
The Commissioner for Urban Development, Sir Amairagha Edward Hart, made the call during an interactive session with private horticulturists and flower dealers at his office in Port Harcourt, recently.
He said the present administration remains committed to reviving the famed Garden City status of the state capital through deliberate policies and strategic partnerships, noting that professionals in horticulture have a key role to play in achieving that vision.
The Commissioner stressed that the state government is placing high premium on environmental sustainability, beautification of public spaces, and the creation of a serene urban atmosphere that reflects global best practices.
The Commissioner urged horticulturists to align their operations with government’s urban development guidelines, adding that their expertise and experience are essential in transforming Port Harcourt into a model city.
According to him, the collaboration will not only enhance the city’s visual appeal but also contribute to improved environmental health and economic opportunities for practitioners in the sector.
He, however, cautioned against practices that undermine urban order, particularly the obstruction of walkways and indiscriminate occupation of public spaces meant for other uses.
Hart emphasized that while the government encourages business growth, such activities must be carried out in a manner that supports urban planning objectives and promotes public convenience.
In a move to further support the sector, he disclosed plans by the Ministry to establish a dedicated “Flower Village” that will serve as a central hub for horticulturists and flower dealers across the state capital.
He explained that the proposed initiative is aimed at restoring sanity to the use of walkways and road corridors, while also creating a structured environment that will enhance business operations and boost revenue generation.
Responding on behalf of the practitioners, Evang. Caroline Nabo highlighted some of the challenges faced by horticulturists, including theft of plants and materials by scavengers and scrap metal dealers.
She appealed to the state government for intervention to safeguard their investments, even as she and other stakeholders commended the Ministry’s proactive steps and pledged their support towards the successful greening and beautification of Port Harcourt.
King Onunwor
The Trade Union Congress of Nigeria (TUC ) has called on the Federal Government to deploy excess crude oil revenue to subsidise local refineries as a way of cushioning the impact of rising fuel prices on Nigerians.
President of the Congress, Festus Osifo, who made the call during a press briefing in Abuja, yesterday, warned that the price of Premium Motor Spirit could climb to as high as N2,000 per litre if urgent measures are not taken.
Osifo said the persistent increase in the pump price of petrol, driven by global crude oil price volatility and exchange rate challenges, has worsened the economic hardship faced by Nigerian workers.
The TUC leader attributed the surge partly to international developments, including tensions involving the United States, Israel and Iran, which have affected global oil supply dynamics.
Osifo also linked the rising cost of petrol to the depreciation of the naira, warning that the continued weakening of the currency is compounding inflationary pressures and reducing the real value of workers’ earnings.
To address the situation, the TUC president proposed that the government should utilise excess revenue generated when crude oil prices exceed the budget benchmark to support local refining.
He explained that with the 2024 budget benchmarked at $64.85 per barrel, any price above that threshold results in additional revenue shared by the three tiers of government, adding that at least 60 per cent of such excess funds should be channelled into subsidising crude supplied to domestic refineries, including the Dangote Refinery and other modular refineries.
He also urged authorities to take deliberate steps to stabilise the currency, noting that exchange rate stability would significantly reduce the cost of imported energy and other goods.
The TUC said it would formally communicate its proposals to the Federal Government, including the Presidency, with a view to ensuring the prompt implementation of measures to ease the hardship facing Nigerians.
He said, “Today, the cost of petrol is heading towards N2,000 per litre, depending on the part of the country that you are in. It has deeply affected the purchasing power of the salaries that we earn as Nigerian workers.
“Let the government take that excess fund that was never budgeted for, take at least 60 per cent of it, and use it to subsidise the crude being supplied to Dangote Refinery.
“The same should be done for Dangote Refinery and all modular refineries, where crude is supplied to them at that subsidised rate.
“Take the difference from the excess crude revenue, take about 60 per cent of it, and use it to subsidise the price at which crude is supplied to the refinery.
“When you subsidise crude, it cannot be abused because you are subsidising production directly. When that is done, we are going to see an immediate reduction in the price of petroleum products.”
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