The House of Representatives, on Wednesday, resolved to investigate legal and other service providers involved in the case between Nigeria and foreign firm, Process and Industrial Development Limited.<\/p>\n
Following a botched gas project, P&ID had dragged Nigeria to arbitration and won an $11bn award against the country.<\/span><\/p>\n The Federal Government, however, appealed on the basis that the ill-fated gas processing contract was obtained through a fraudulent process.<\/span><\/p>\n In a verdict on Monday in London, Commercial Courts of England and Wales set aside the $11bn award against Nigeria.<\/span><\/p>\n At the plenary on Wednesday, the lawmaker representing Ohaozara\/Onicha\/Ivo Federal Constituency, Ebonyi State, Kama Nkemkanma, brought a motion titled \u201cReversal of the $11bn arbitration award paid against Nigeria: Call for investigation of all legal and other services providers involved in the P &ID deal.\u201d<\/span><\/p>\n Presenting the motion, Nkemkanma noted that the UK court affirmed that the award for the gas project was obtained by fraud.<\/span><\/p>\n The lawmaker said, \u201cNigeria has been involved in a fight with P&ID since the company accused the Nigerian government of botching a deal by failing to provide gas to them leading to the ugly situation where the country suffered a $6.6bn judgment debt in 2017 when the arbitration tribunal ordered the country to pay P&ID with interest to start counting from March 2013.<\/span><\/p>\n \u201cAgain, we are aware that the Economic and Financial Crimes Commission, in 2018, began investigating P&ID and found evidence of two bank transfers totalling $20,000 made by Dublin-based Industrial Consultants (International) Ltd. \u2014 part of the P&ID group of companies\u2014to Grace Taiga, a Nigerian government lawyer, who oversaw the award of the gas plant contract, thus exposing the level of shoddiness and corruption around the entire process.\u201d<\/span><\/p>\n Following its adoption, the motion was subsequently referred to the Committees on Justice and Financial Crimes for further input.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" The House of Representatives, on Wednesday, resolved to investigate legal and other service providers involved in the case between Nigeria<\/p>\n","protected":false},"author":1,"featured_media":3859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/3858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/comments?post=3858"}],"version-history":[{"count":1,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/3858\/revisions"}],"predecessor-version":[{"id":3860,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/3858\/revisions\/3860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media\/3859"}],"wp:attachment":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media?parent=3858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/categories?post=3858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/tags?post=3858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}