The Nigerian Institute of Chartered Arbitrators has expressed worry over the recent ruling by Justice BUTCHER of the UK Commercial Court that an Irish company P&ID can seize Nigeria’s assets worth $9 billion.

Already, the Federal Government has directed its Solicitor-General, DAYO APATA to appeal the ruling and seek a stay of execution.

Nigeria and the Irish company had been at legal battle over a failed gas supply agreement entered into about twenty years ago with the Nigerian government.

Registrar of the Institute, SHOLA OSHODI-JOHN, said they ready to assist government in seeking redress on the award.

P&ID and Nigeria entered into a 20-year Gas and Supply Processing Agreement to build a state-of-the-art gas processing facility in Calabar but the Federal Government was adjudged to have failed to keep to its side of the bargain.

The Socio-Economic Rights and Accountability Project is happy with the move by the Economic and Financial Crimes Commission to probe past governments, starting with that of former president OLUSEGUN OBASANJO on the $16 billion spent on power project.

The EFCC said it is an opportunity for the anti-graft agency to show that former heads of state and other high-ranking public officials are not immune from investigation and prosecution for allegations of grand corruption in Nigeria.

In a statement by its Deputy Director KOLAWOLE OLUWADARE, SERAP says theprobe is something which they have consistently called for.

He said Nigerians have for long been denied justice and opportunity to get to the bottom of why they continue to pay the price for corruption in the electricity sector–staying in darkness, but still made to pay crazy electricity bills.

A Nigerian lawyer, KALU KALU AGU has asked the Department of State Services and the London Metropolitan Police Service to investigate the documents said to have been obtained from Cambridge University and tendered by President MUHAMMADU BUHARI at the presidential election petition tribunal.

The demand was in separate petitions to the bodies sent on August 14, 2019.

You will recall that ABBA KYARI, the president’s chief of staff, had told the tribunal that he obtained the President’s ‘assessment’ documents from Cambridge University.

He was quoted as saying he personally signed for and collected the documents on behalf of the President.

The UK-based examination body oversaw the conduct of final year secondary school examination in Nigeria and placement into foreign universities in the 1960s.

Parents and relations of the fleeing kidnap kingpin, HAMISU WADUME, have fled their homes in Ibi, Taraba state just as the panel set up by the Defence Headquarters to probe the killing of three police officers and civilian by soldiers begins their work.

 It was gathered that WADUME’s house in Ibi and the place he was picked up by the police Response Teamhad also been deserted.

 The panel led by Rear Admiral IBIKUNLE OLAIYA yesterday met with Governor DARIUS ISHAKU.

 During the meeting, the Governor urged them to be diligent in carrying out the assignment adding Nigerians were watching with keen interest the outcome of investigation.

 There has been hot exchange of words between the police and the army over the last week’s alleged killing of three policemen and a civilian in Taraba state. 

 The Intelligence Response Team of the police led by ASP FELIX ADOLIJE had come under attack from soldiers along the Ibi-Jalingo Road while taking a kidnap kingpin, HAMISU WADUME, to the Command Headquarters in Jalingo.