Nigeria in danger over breached contracts, stolen funds

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October 8, 2019 | The Biafra Times

THE BREACHED AGREEMENTS

• P&ID (Propane Dehydration (12-24 months) 88.198MMscf/d;
• Octopol Energy Limited (LPG Extraction (12-15 months) 4.676MMscf/d, 3.039MMscf/d, 4.800MMscf/d, 2.100MMscf/d, 13.4MMscf/d;
• Petrolog Oil & Gas Limited (CNG (9-24 months) 8.76MMscf/d, 20.600MMscf/d;
• GFD Energy Nigeria Ltd (GFD) (2million MT Floating LNG) 5.7MMscf/d, 7.5MMscf/d, 2.2MMscf/d, 9.2MMscf/d;
• Global Gas & refining Limited (GGRL) (LPG Extraction) 11.300MMscf/d, 12.398MMscf/d, 8.35MMscf/d.
• Davubic Energy Development Comp. Ltd (LPG Extraction) 8.4MMscf/d, 21.516MMscf/d, 18.1MMscf/d;
• Consortium of Drake Oil Limited & Partners (DOL) 7.42MMscf/d, 6.856MMscf/d, 14.564MMscf/d;
• Tricity Oil Nigeria Ltd 1.266MMscf/d, 4.977MMscf/d, 2.026MMscf/d, 4.979MMscf/d, 3.777MMscf/d.
• Colechurch International Ltd (LPG Extraction) 3.778MMscf/d, 3.335MMscf/d, 2.539MMscf/d, 2.071MMscf/d, 13.10MMscf/d, 1.000MMscf/d;
• Eurafic Oil & Gas Ltd (LPG Extraction) 3.256MMscf/d, 5.075MMscf/d, 12.00MMscf/d;
• Ibeto Group (LPG Extraction) 23.00MMscf/d, 34.3MMscf/d,
• Borkir International Company Ltd. 26.558MMscf/d, 26.7MMscf/d.

NIGERIA faces likely litigation for more breaches of gas agreements, it was learnt on Tuesday.

Not less than 11 agreements signed with different firms have been breached and the companies are waiting for the outcome of the litigation of the Federal Government with Process and Industrial Developments (P&ID) to determine whether to press for claims.

Nigeria is before a London court trying to reverse the $9.6 billion arbitral judgment against the country over a dubious gas agreement signed with the Ministry of Petroleum Resources without passing through due process.

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Some of the 11 companies were alleged to have initiated arbitration process against the Federal Government.

The Nigerian National Petroleum Corporation (NNPC) has written to the Economic and Financial Crimes Commission (EFCC) to assist in probing how the 11 extra deals are tied to the ill-fated contracts with P&ID.

The EFCC has raised a team of detectives to probe the deals.

It was learnt that the Federal Ministry of Petroleum Resources on January 10, 2010 entered into separate agreements with P&ID and 12 other pre-qualified investors for gas production facilities at the nation’s oil fields.

A source, who spoke in confidence, said: “Nigeria is in a serious danger because 11 other firms have issues with the Federal Government on the gas projects.

“The Ministry of Petroleum Resources actually on January 10, 2010, entered into a deal with P&ID and 12 other pre-qualified investors for accelerated development of gas production facilities at the nation’s oil fields.

“These oil fields included those on offshore, land swamp in different flare points. Both the government and the investors have their obligations spelt out in the MoU. And the two parties have defaulted with the P&ID and 11 companies seeking compensation or payment of damages.

“Some of these firms have initiated arbitration process. A few others are awaiting the outcome of Nigeria’s case at the UK Court of Appeal to make a stronger case for payment of damages.

“The concern of those in NNPC and other government officials is about how much Nigeria will now pay for the botched Gas Supply and Processing Agreement (GSPA). This is why the government is ready to give P&ID a good fight in the UK and in the United States.”

Another source in the NNPC said: “This corporation does not want a repeat of P&ID arbitral award and it has referred the case of the 11 firms to the EFCC for investigation and advice on how the nation can go about it.

“We want to try as much as possible to prevent a deluge of arbitration cases which can ground the nation’s economy.

“Some of the companies have already initiated arbitration steps. It is only a firm that has decided not to either take Nigeria to a court or any arbitration panel.

“Certainly, the GSPA was untidy, fraudulent and a plot by some of the companies to rip off the nation.”

A team of special detectives was said to be handling the investigation of the deals with the 11 firms.

“Our detectives are already investigating the deals with the firms. We have shortlisted about 25 persons to interact with.

“We also discovered that the deals are inter-related with the ongoing case of P&ID. We will leave no stone unturned to end this type of challenge the nation is facing,” a source in the anti-graft agency added.

Also, the Federal Government has invoked Mutual Legal Assistance Treaty (MLAT) to extradite a co-owner of P&ID, Brendan Cahill and  Adam Quinn, the son of the owner of the Irish firm, the late Michael Quinn.

A government source said: “We have already invoked MLAT between Nigeria and the UK and Ireland to bring the two key officials of P&ID to trial in Nigeria.

“We have filed charges against a former Director, Legal Services in the Ministry of Petroleum Resources and they have been implicated Cahill.

“We are hopeful that the extradition move will succeed.”

NEWS SOURCE

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Innoson: IPOB Frown At Ongoing Harassment Of Notable Biafran Businessmen By Northern Headed Agencies

December 20, 2017

Press Statement

IPOB condemn the recent and ongoing harassment of notable Biafran businesmen especially those of Igbo extraction by the Nigerian Government and her security agencies.

The leadership and family members of the Indigenous People of Biafra (IPOB) worldwide condemn in the strongest possible terms the recent and ongoing harassment of notable Biafran businesmen especially those of Igbo extraction by the Nigerian Government and her security agencies. Not content with the economic emasculation of the Biafran territories through decades of punitive policies, the few successful businesses that made it against all odds like Chief Innocent Chukwuma the owner of Innoson Motors who is now being harassed and humiliated publicly by agencies headed by Northerners for three major reasons:

1. The impotency of political leadership in the East, coupled with intellectual myopia of the governing class. This remains the leading contributing factor to the unrelenting humiliation of leading figures from both the South East/South South by Arewa North and her para military institutions.

2. Ongoing policy of de-industrialisation of the East. Had Innoson sited his factory in Lagos or Kaduna, every possible line of credit would have been extended to him but due to the fact his company is located in Enugu, he must be chased down and destroyed. This hopefully is to serve as a deterrent to others who might be entertaining the idea of relocating their businesses to Biafraland.

3. Politics of appeasement and sabotage of collective interest by Ohaneze Ndigbo, PANDEF and similar interest groups. Age long South East/South South political philosophy of cowardly acquiescence to the dictates of the North, regardless of the consequences on the psyche and well being of the masses, is a major motivator for government agencies, headed by Northerners, to destroy indigenous Biafran businessmen at will. Nigeria is guided by the knowledge that politicians from the two geo-political zones that make up Biafra are terrified of the mythical might of their Northern masters and will be prepared to condone every manner of evil against their own people.

Ohaneze Ndigbo and South East governors are to blame for this major embarrassment and humiliation of the topmost entrepreneur in black Africa. What Innoson Motors has accomplished so far, no Indigenous business in Sub-Saharan Africa has been able to do. If Innoson Motors were owned by a Northern Hausa Fulani man, he would have been revered and idolised to high heavens. But because it is a business owned and run by a Biafran and equally sited in Biafraland, it must be destroyed.

Since the emergence of this Buhari regime, Biafrans of Igbo extraction have been lurching from one persecution another. After Operation Python Dance which had the backing of Ohaneze Ndigbo leadership and South East governors, the Buhari regime have turned it's attention to the destruction of economic interests in the South East starting with Innoson Motors, in the hope of frustrating the first indigenous automobile company in West Africa because he opened his factory in Igboland.

The effect of this ongoing persecution of Innoson Motors Company is as a direct result of the impotency of Igbo leadership exemplified by Nwodo's stewardship of Ohaneze Ndigbo. Today, the effects of the age long sabotage of public interest by the likes of Ohaneze Ndigbo and imposed political leadership have started manifesting negatively on our people. Arewa Consultative Forum, Northern Governors Forum and Arewa Caucuses in the National Assembly will never allow Dangote to be humiliated the same way Ohaneze, South East governors and Abuja based politicians allowed Chief Chukwuma to be so publicly insulted.

We are warning those involved in the orchestrated campaign to frustrate Innoson Motors to desist from their evil act before it is too late.

COMRADE EMMA POWERFUL MEDIA AND PUBLICITY SECRETARY FOR IPOB.

The Biafra Times
Publisher: Chijindu Benjamin Ukah
Contact us: [email protected]