National Assembly Investigates Lawyers and Others Involved in $11 Billion P&ID Scandal
By Adeke Chukwuka
The House of Representatives announced its decision on Wednesday to launch an investigation into the legal and service providers associated with the case between Nigeria and Process and Industrial Development Limited (P&ID).
This move comes after P&ID won an $11 billion award against Nigeria due to a failed gas project. The Federal Government, contesting the validity of the gas processing contract, appealed, claiming it was obtained fraudulently.
In a Monday ruling in London, the Commercial Courts of England and Wales overturned the $11 billion award against Nigeria.
During Wednesday’s plenary, Kama Nkemkanma, the representative of Ohaozara/Onicha/Ivo Federal Constituency, Ebonyi State, introduced a motion titled ‘Reversal of the $11 billion arbitration award paid against Nigeria: Call for investigation of all legal and other service providers involved in the P&ID deal.
During the motion presentation, Nkemkanma highlighted that the UK court confirmed the gas project award was fraudulently obtained. He mentioned the ongoing dispute with P&ID, tracing it back to a 2017 $6.6 billion judgment debt due to the failure to provide gas.
Additionally, he noted the EFCC’s 2018 investigation, revealing suspicious bank transfers totaling $20,000 linked to the corruption and incompetence surrounding the gas plant contract award.
After being adopted, the motion was referred to the Committees on Justice and Financial Crimes for additional input and consideration.
Follow Our Activities On Facebook
44 minutes ago
51 minutes ago
#BigBrotherNaija “Level Up” Week 6
Though last Sunday Sunday was meant to be a “no-eviction” day, it came as a shocker when fake housemate, Modella…
Dating in 2022; Situationships Are Not For The Fainthearted
Situationships are defined as that space between a defined relationship and something other than a friendship. It is a romantic…
20 Questions With Dinta Media’s Visual Storyteller, Chimeremogo Nwoke
Dinta Media is not really just a media production brand but we like to see ourselves as a hub for…
How Are Nigeria’s Small Businesses Coping?
The current rising rate of inflation and other burdens against the Nigerian economy speaks to the realities of the times.
Thrifting Is All The Rave Now, Here’s Why
By Amy Adindu The affordable clothing movement has gained global attention and acceptance as we’re all trying to look like…
#BigBrotherNaija “Level Up” Week 2
Week 2 of the highly watched Nigerian TV show kicked off with an early plot twist. On Sunday, Big Brother…
#BlueTunes: Burna Boy, Omah Lay Top Album Picks For July
July was a promising month for music lovers; from Lizzo’s album titled Special and Imagine Dragons’ Mercury, (Acts 1 &…
#BlueTunes Album Picks For June
Gbagada Express – Boj Bolaji Odojukan, popularly known as BOJ, was raised both in England and Nigeria. He shot to…
“A Creative’s Dream” with Jeff Chinonso
On the 26th of June 2022, Jeff Chinonso hosted his first solo art exhibition. The Augmented Reality exhibition themed “A…
Nigerian API-based company Thepeer raises $2.1 million
Tech infrastructure startup Thepeer has raised a $2.1 million seed round according to a report from TechCabal. Thepeer, a Nigerian…
Dika Ofoma, Ugochukwu Onuoha take on grief in Debut Film “The Way Things Happen”
The twenty-minute film focuses on the loss of a loved one, and how grief changes a person.
Nigerian Startups might just be Crippled by a Recently Leaked bill
Over the years there has been talks of amendment on the 2007 Act of the National Information & Technology Agency (NITDA).
Why We Love Kelechi Amadi Obi
The definition of talent is Kelechi Amadi’s iconic story. Imagine a person who studies law in school, gets called to Bar, and leaves it all for something different and unrelated…Painting!