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$9.6bn UK Judgement: I Didn’t See Contract Papers, Ex-AGF Clarifies

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Former Attorney General of the Federation and Minister of Justice, Chief Michael Aondoakaa has said he was in total support of efforts by President Muhammadu Buhari and Justice Minister, Abubakar Malami to probe the $9.6billion United Kingdom (UK) commercial court judgement debt against the country.
In an interview with newsmen, yesterday, Aondoakaa, who was the AGF between July, 2007 and February, 2010, stated that throughout his tenure no such contract was brought to Federal Executive Council (FEC) for deliberation.
He said: As the then Chief Law Officer of the federation and a member of the FEC, I can tell you that no such contract was brought for deliberation to the best of my knowledge”.
According Aondoakaa, with such a huge contract sum involved, the best practice was after due process might have been certified alongside tenders board, the contract with Process and Industrial Development Limited (P&ID) should have been forwarded to FEC for deliberation and final approval before the Ministry of Petroleum Resources would go ahead with the award of the contract of such nature because of the involvement of another country.
“But I can tell you without fear of contradictions that I saw nothing like that before FEC.
“I did not see such contract, and since the news broke out, I’m wondering how this could have been possible,” said the former AGF.
He dismissed media reports of his alleged involvement in the contract, and called for a thorough probe by the Federal Government to unravel those behind the mystery contract.
Meanwhile, the Federal Government, yesterday, denied the allegation that it did not diligently defended the case leading to the award of $9.6 billion judgment debt against it over a botched gas contract.
The Minister of Information and Culture, Alhaji Lai Mohammed, gave the government position when he appeared as guest on the Nigeria Television Authority (NTA) programme: “Good Morning Nigeria’’, in Abuja.
He said the insinuation in certain quarters that the government did not defend the case both at arbitration and court stages was “untrue and unfair’’.
A UK court had in a ruling authorised an Irish engineering and project management company, Process and Industrial Developments Ltd. (P&ID) to seize $9.6 billion in Nigerian assets over the failed contract.
The court judgment was fallout of the contract purportedly entered into in 2010 between the Federal Ministry of Petroleum Resources and P&ID and the subsequent award made in July 2015 by an arbitration panel sitting in London in favour of the company.
“It is not true that we did not defend it or we were not represented,’’ he said.
He said the government successfully applied to have the award set aside by the Federal High Court in Lagos, but the tribunal ignored this decision.
“The contract was entered into in 2010 and from the records made available, there were three arbitrators.
“The arbitrators were the parties to be nominated by the company, the other by the Ministry of Petroleum Resources while the two of them will agree on the third arbiter.
“Nigeria was represented on the arbitration by the former Attorney-General of the Federation and Minister of Justice, Chief Bayo Ojo (SAN).’’
The minister said that after the award in July, 2015 by the arbitration panel sitting in London, the government went into negotiations with the company, but all to no avail. Mohammed said that when the company also filed the case for the enforcement order in both the UK and the U.S. courts simultaneously, the government engaged services of solicitors to defend the action.
“We succeeded to some extent in the U.S. court and our lawyers are still there trying to defend the action.
“It is quite disturbing the way Nigerians are commenting about this issue.
“It is about all of us because $9.6 billion translates to about N3.5 trillion and that is 20 per cent of foreign reserves.
“Imagine what is going to happen when $9.6 billion of our assets are attached. “It is going to affect every Nigerian, and that is why we are appealing for patriotism and objectivity of the media in handling this delicate matter,’’ he said.
The minister reiterated that the award was unprecedented, unjustifiable and an attempt to inflict economy injury on Nigeria and its people.
He, however, reassured Nigerians that there was no imminent threat to Nigeria’s assets in spite of the award, stressing that the government would do all things, diplomatic and legal to upturn the decision.

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Independence Anniversary:  Nigeria Is A Failed Grandfather – Monarch 

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A first class traditional ruler in Rivers State, His Royal Majesty, King Aaron Ikuru, has described Nigeria at 65 as a grandfather who cannot provide leadership to other African Countries.

The monarch  stated this in an interview at his palace in Ikuru Town, yesterday.

According to him, Nigeria would have been a  developed country to set the pace in the whole of Africa, considering its numerous resources.

“Nigeria is a grandfather but not behaving as a grandfather. Our country, Nigeria, before and from the era of Independence was in the state of becoming a great country, but unfortunately is not becoming anything.

“We should be far ahead with what we have in the country. God blessed us, we have almost what it takes in terms of mineral resources, manpower amongst others that can drive speedy development in the country.

“If we’re able to harness all the things we have, even America by now would have respected us”, he  said.

While blaming the past leaders of the country, the monarch called on the current leadership of the country to redouble efforts in order to narrow the differences in terms of development, exchange rate between naira and foreign currencies.

King Ikuru, who is also the Chairman of Andoni Area Traditional Rulers Council, however, lauded the efforts of the founding fathers, past leaders of the country for the achievements so  far.

He also expressed optimism that Nigeria would be great, calling on the opinion leaders to shun tribalism and political intolerance in the country.

 

“If Nigeria should experience rapid development in all sectors, it means we must shun tribalism and political intolerance, the interest of our country must be our priority.

“We need to fight corruption vigorously, and leaders must show good example of discipline and integrity”, he said.

The monarch used the opportunity to wish Nigeria happy independence anniversary.

By: Enoch Epelle 

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FG begins payment of N32,000 pension increment to retirees – PTAD

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The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle.

In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed N32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, which will benefit about 832,000 pensioners under its management.

Recall that PTAD in August announced President Bola Tinubu approved a series of measures, including new welfare benefits for pensioners under DBS.

The approval follows a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, seeking an emergency budgetary allocation to implement pension reforms and welfare benefits for the scheme’s retirees.

The measures include a N32,000 pension increment, percentage increases for pensioners of defunct and privatised agencies, pension harmonisation for all DBS pensioners, enrolment into the National Health Insurance Scheme, and the settlement of long-standing unfunded pension liabilities.

In a statement yesterday, PTAD said the partial release of N820.188 billion by the Federal Ministry of Finance from the emergency funding has made it possible for pensioners to begin receiving the enhanced payments immediately.

The statement read, “Further to the President’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for Pensioners under the Defined Benefit Pension Scheme (DBS) that was earlier published by the Pension Transitional Arrangement Directorate on Friday, 8th August, 2025, the Directorate is delighted to announce the commencement of the implementation of the 832,000, 10.66% and 12.95% pension increment for eligible pensioners under the management of PTAD, in the September 2025 pension payroll cycle.

“This achievement has been made possible through the partial release of 820.188 billion by the Federal Ministry of Finance, from the initial 845 billion emergency funding approval granted by the Federal Government.

“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda.”

The directorate thanked President Bola Ahmed Tinubu for approving the emergency allocation.

It also acknowledged the role of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant-General of the Federation and key presidential aides and parliamentary committees for their “timely interventions” and support.

The statement also expressed appreciation to organised pension groups, including the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, for their cooperation during negotiations and implementation planning.

“We further assure all our DBS Pensioners and Stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” the statement added.

The DBS covers pensioners who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct public institutions, privatised agencies, and treasury-funded parastatals.

Over the years, many have faced irregular payments, delayed harmonisation, and inadequate healthcare access, challenges that the new reforms are expected to address.

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Nigeria At 65: NOA urges citizens to foster unity, progress

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The National Orientation Agency (NOA) has urged Nigeria. citizens to remain united, peaceful to enhance development of the  nation  as it celebrates 65th independence anniversary.

Mr Mkpoutom Mkpoutom, Director of NOA in Akwa Ibom,  gave the charge in Uyo yesterday while addressing newsmen and stakeholders to mark the anniversary.

Mkpoutom said it was essential to recognise that the strength of Nigeria lay  in its diversity

“With over 250 ethnic groups and an array of languages, the nation embodies a unique blend of heritage.

“This diversity should be seen not as a dividing line but as a unifying force that propels the country toward progress.

“As Akwa Ibom embarks on another year,  it is crucial for all citizens to foster a sense of unity and shared purpose.

“Embrace dialogue, understanding and collaborate with the Renewed Hope Agenda of President Bola Tinubu in its efforts to addressing pressing challenges like poverty, security, education, and healthcare, thereby paving  way for a brighter future for all.”

The state director, however, appealed to Nigerians from all walks of life to renew their commitment to a more prosperous, peaceful, and equitable nation.

“Let this anniversary serve as a reminder of the collective strength that lies in every citizen,” he said.

He urged everyone to contribute positively to the development of a better society.

Mkpoutom urged the people and all citizens to honour the labours of heroes past, as they celebrated the present, while working diligently toward a future filled with hope and opportunities for generations to come.

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