Minister of Justice and Attorney – General of the Federation,
Abubakar Malami, has disclosed that Nigeria is scheduled to meet
with its legal team early next week in UK in preparation for the
case with Process and Industrial Development (P&ID) Limited
against Nigeria listed for 26th September.
A recent judgment of a British court empowered the firm to seize
about $9.6bn worth of Nigerian assets.
Nigeria is contesting the judgement and the case is listed 26th
September in the UK.
The judgement of the Federal High Court in Abuja against the
offshore company and it’s Nigerian affiliate has strengthen the
position of Nigeria according to the Justice Minister.
In his reaction to the judgement sent to The State Online on
Thursday by Dr Umar Jubrilu Gwandu, his media aide, the Minister
stated that “The implication of today’s conviction is that Nigeria
has a judicial proof of fraud and corruption as a foundation of the
relationship that gave rise to a purported liability in the
arbitral award.
A liability that is rooted in fraud and corruption can not stand
judicial enforceablity Nigeria now has a cogent ground for setting
aside the liability. Where nigeria is expected to review its
strategy in view of unfolding developments as it relates to
conviction of some of the suspects that have admitted fraud and
corrupt practices in the transaction that gave rise to purported
award.
“Nigeria is meeting with is legal consortium early next week in
UK in preparation for the case listed for 26th September”
Earlier on Thursday, the Federal High Court in Abuja convicted
and subsequently ordered the winding up of Process and Industrial
Development Limited and its Nigerian affiliate, P&ID Nigeria
Limited, for charges of fraud and tax evasion in respect of the
contract leading to the recent controversial judgment of a British
court empowering the firm to seize about $9.6bn worth of Nigerian
assets.
Presiding judge, Justice Inyang Ekwo, in his judgment on
Thursday, also ordered the forfeiture of “the assets and
properties” of the two firms to the Nigerian government.
The judge made the orders shortly after the two firms, through
their representatives, pleaded guilty to the 11 counts instituted
against them by the Economic and Financial Crimes Commission.
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President Muhammad Buhari
Again: FG Reaffirms to Upgrade Stadia
Nationwide
The Administration of President Muhammadu Buhari has once again
reaffirmed his commitment and political will to upgrade, manage and
maintain in high standard, stadia across the Nation.
The Minister of Youth and Sports Development, Mr. Sunday Dare made
his assertion during his visit to some stadia recently, National
Stadium Surulere, Onikan, and campus memorial all in Lagos
state.
As regards the decaying state of the National Stadium Surulere the
Minister assured that Ministry will consult and sit with experts
and stakeholders including auditors to work out best options.
Dare promised to put in motion a process of refurbishing the
edifice which he said is central to bringing back the culture of
sports, which will require political will, and synergy of various
levels of Government, Federal Government, States and Local
Governments working together and most importantly a large dose of
participation by the private sector.
Similarly, Mr. Sunday Dare has also visited the M.K.O National
Stadium Abuja, Ahmadu Bello Stadium Kaduna as well as inspecting
other stadia, he said that Government is ready to upgrade, manage
and maintain these facilities to its optimal working condition that
will attract a huge number of Youth involving themselves in
deferent sporting activities, thereby divertingtheir minds and
attention from vices.
The Minister said this will be one of the several inspections that
will be done on the facilities, reports and audits will be done
before the actual renovation. He said that Government is determined
to build the capacity and good virtues of our youths through the
standard upgrade of these stadia to enhance and ensure relative
peace and security in Nigeria.
As the saying goes, “an idle mind is the devil’s workshop” but when
these youths are positively engaged in one sporting game or the
other in these standard and well equipped stadia, they will become
good citizens of the Nigerian society.
Hasiya Haruna
Information Officer.
For: Director Press.