General
Contract Dispute: British Firm Offers FG Olive Branch as Judgment Debt Hits $9bn
Nigeria stands to lose up to $9 billion worth of its foreign assets following an enforcement application to US and UK courts by Process and Industrial Development (P&ID), a British firm tied up in a legal dispute with the Federal Government. The court case arose out of the failure of a contract awarded the company in 2010 to process wet gas to power Nigeria’s generating plants.
In January 2017, a London tribunal, organized under the rules of the Nigeria Arbitration and Conciliation Act, ordered Nigeria to pay P&ID $6 billion in damages, plus $2.3 million in uncollected interest. That figure has since been attracting interest at the rate of $1.2 million per day, and currently stands at over $9 billion.
The next hearing on the case will come up in a London court on Tuesday, May 21, 2019.
Mr. Brendan Cahill, Founder, Process and Industrial Development (P &ID) said that the company looks forward to the UK and US courts granting enforcement rights that will allow P&ID to collect what is rightfully its. “If history is any guide – just look at how creditors seized Argentina’s naval frigate while docked in Ghana. Efforts by Nigeria to evade this judgment will inevitably fall flat. The ball is in Nigeria’s court, if the government is prepared to find a good-faith solution”, he said.
Cahill however indicated that the company was open to negotiations with the Nigerian government to settle the dispute out of court. He said: “P&ID remains open to a settlement on a reasonable basis, but we need a willing partner in government to help resolve this matter. The onus is on the Nigerian government to act in good faith to find a solution”.
After the P&ID’s Gas Supply and Processing Agreement with the Federal Government failed, the company initiated arbitration proceedings in London, in line with the original contractual agreement between the parties.
Cahill said the company decided to go to court after several attempts at salvaging the deal were botched. He said: “P&ID’s Gas Supply and Processing Agreement (GSPA) failed when the government did not uphold its commitments. In August 2012, after several attempts over two and half years by P&ID to salvage the agreement, including offers to renegotiate the deal, the company initiated arbitration proceedings”.
Cahill is sadden by the failure of such a promising project and government’s lack of interest in trying to resolve the dispute amicably, adding that original project would have brought power and economic growth to Nigeria by supplying free natural gas for electricity generation, as well as building a highly successful commercial venture with a share of profits going to the Nigerian government.
“The P&ID project would have supplied 2,000 megawatts of electricity in a country where tens of millions do not have access to electricity. The award judgment was handed down by the independent arbitration panel because it represented the loss of profits for P&ID over the 20 years of the project”, he explained.
In late February this year, the Office of the Attorney-General of Nigeria (AGF) issued a statement contesting the huge amount the court awarded P & ID as damages, largely on the grounds that the project did not actually kick off the ground.
But Cahill reacted to the statement, explaining that the company had already put in years of planning, field work, design and on-the-ground preparation. He stated: “We spent two and a half years offering solutions, while the government consistently failed to deliver its side of the contract. This is a tragic ending to a venture that would have delivered low-cost electrical energy to hundreds of thousands of households throughout Nigeria, and would have brought vital revenue to the Nigerian treasury”.
Cahill and his late partner, Michael Quinn, had over 30 years’ prior experience of executing successful engineering projects in Nigeria before the failed P&ID project that is now in dispute.
By Adedapo Adesanya
The Nigerian Navy said it has intensified a crackdown on crude oil theft and other forms of economic sabotage in the Niger Delta, recovering more than 4.698 million litres of stolen crude oil and illegally refined petroleum products during the second quarter of Operation Delta Sentinel.
The Navy disclosed that the renewed offensive, conducted between April and June 2026, also led to the arrest of over 91 suspects, the dismantling of more than 48 illegal refining sites, and the interception of several vessels linked to crude oil theft.
The Director of Naval Information, Navy Captain Abiodun Folorunsho, said the intensified operations followed the successful completion of the first quarter of the operation and were aimed at consolidating gains in the fight against crude oil theft, illegal refining, pipeline vandalism, militancy and other forms of economic sabotage.
According to him, naval forces carried out over 580 intelligence-driven operations across Rivers, Bayelsa, Delta, Cross River and Lagos States, significantly disrupting the activities of criminal syndicates operating within the Niger Delta.
Among the notable achievements recorded during the period was the arrest of the motor tankers MKPODU, WESTAF and STELIOS K, which were allegedly involved in the theft of more than 900 metric tonnes of suspected stolen crude oil.
The Navy also recovered over 708,000 litres of illegally refined petroleum products and 310,000 litres of stolen crude oil from a single illegal refining site in Ndoni, Rivers State.
Captain Folorunsho said several intelligence-led operations further dismantled reactivated illegal refining camps, intercepted illicit petroleum consignments and prevented criminal networks from restoring illegal production capacity across the region.
He noted that coordinated riverine operations resulted in the destruction of numerous illegal refining sites, reservoirs, dugout pits, storage facilities, warehouses, concealed fuel dumps, illegal pipeline connections and militant hideouts.
According to him, the Navy also uncovered a growing pattern of criminal groups attempting to reactivate previously dismantled refining camps.
He said sustained follow-up operations successfully prevented the regeneration of the illegal refining ecosystem and further weakened the economic viability of crude oil theft networks.
The Navy attributed the operational successes to sustained intelligence-led operations and enhanced collaboration with other security agencies.
It noted that the achievements coincided with the recent announcement by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) that Nigeria’s crude oil production rose to 1.735 million barrels per day in June 2026, representing 104 per cent of the country’s production quota by the Organisation of the Petroleum Exporting Countries (OPEC) and the highest production level recorded since April 2020.
The service said the improved production figures reflected enhanced security around critical oil and gas infrastructure and the collective efforts of security agencies in tackling crude oil theft.
It added that the persistent naval presence across the Niger Delta waterways had denied economic saboteurs freedom of operation, disrupted illicit petroleum supply chains and strengthened the protection of strategic national assets.
Reaffirming its commitment to safeguarding Nigeria’s maritime domain, the Navy pledged to sustain intelligence-driven operations and deepen inter-agency cooperation to further dismantle oil theft networks.
The Service also said it remains committed to supporting the federal government’s target of increasing Nigeria’s crude oil production to 2.5 million barrels per day by 2027, in line with the vision of the Chief of the Naval Staff, Vice Admiral Idi Abbas.
By Modupe Gbadeyanka
A platform to bring together critical stakeholders for the development of the South East region of Nigeria has been created by Afia Media, Nigeria’s only broadcaster dedicated to the South-East on DStv and GOtv.
The company, established by a foremost media and communications practitioner, Mr Emeka Mba, launched the Afia Annual Lecture and Awards for this purpose.
It is to bring together leaders from government, business, academia, culture and civil society to discuss the future of the South-East and celebrate excellence across the geo-political zone.
The initiative is expected to become an annual gathering focused on thought leadership, policy dialogue, regional development and the recognition of outstanding contributions to society.
The inaugural edition, themed Uwa Bu Afia: Trading Ideas for Development, is fixed for the fourth quarter of 2026 in Enugu.
Uwa Bu Afia was derived from the Igbo expression meaning the world is a marketplace. It was chosen to reflect the entrepreneurial spirit, resilience and innovative capacity that have long defined the people of the South-East.
The event will be broadcast live on Afia TV (DStv Channel 263 and GOtv), Afia 99.3 FM Enugu, and streamed digitally to audiences across Nigeria and the diaspora.
According to the organisers, the Annual Lecture and Awards are designed as a platform that will convene policymakers, business leaders, academics, innovators, creatives, development partners and other stakeholders to examine opportunities and challenges facing the South-East.
Mr Mba said the platform reflects the organisation’s commitment to amplifying the voices, aspirations and development priorities of the region, noting that, “The South East is one of Nigeria’s most entrepreneurial and culturally vibrant regions. The Afia Annual Lecture and Awards is designed to provide a credible platform for dialogue, recognition and collective action towards the region’s future.”
The programme will feature two major segments: the Afia Annual Lecture, bringing together public and private sector leaders, policymakers and development stakeholders for high-level conversations on the future of the region, and the Afia Awards Gala, celebrating individuals and institutions making significant contributions to society.
Organisers said the event is expected to attract more than 1,000 participants physically, while millions more are projected to follow proceedings through television, radio and online broadcasts.
A director at Afia Media, Mrs Ijeoma Ezeasor, said the region must take ownership of its narrative in an increasingly digital and AI-driven world.
“If we do not tell our own story, others will tell it for us. We are entering an era where artificial intelligence is shaping conversations, interpreting history and influencing decisions based on the information available to it.
“If the South-East does not deliberately document its achievements, define its aspirations and contribute its perspective to global conversations, others will define us on our behalf.
“Uwa Bu Afia is therefore a call to think critically about our future, confront our challenges honestly and shape the narrative of our region in a rapidly changing world,” she stated.
The platform will serve as an annual opportunity to evaluate regional progress, stimulate policy conversations, encourage investment, promote innovation and strengthen collaboration between the public and private sectors.
The Afia Awards will recognise individuals and institutions making outstanding contributions to regional development, across categories including Governance, Business Leadership, Technology and Innovation, Cultural Excellence, Diaspora Impact, Civic and Humanitarian, Leadership in Education, and Youth.
Nominations, partnership opportunities and additional programme details will be announced in the coming months.
Afia Media said it intends for the initiative to evolve into a lasting institution that promotes regional storytelling, celebrates achievement and contributes to the long-term development of the South-East.
By Adedapo Adesanya
The Economic and Financial Crimes Commission (EFCC) has dismissed reports linking the Comptroller General of the Nigeria Immigration Service (NIS), Mrs Kemi Nandap, to an ongoing investigation into alleged visa racketeering involving some immigration officers.
The anti-graft agency said Mrs Nandap was not under investigation and had no connection whatsoever with the cases currently being handled by the commission.
The clarification was contained in a statement posted on the EFCC’s official X handle, noting that the clarification became necessary to address media reports and insinuations suggesting that the NIS Comptroller General was being investigated over the alleged visa fraud.
“The commission wishes to state unequivocally that it has no case with the Immigration CG,” the EFCC said.
However, the agency confirmed that it’s prosecuting some immigration officers over alleged visa fraud, adding that investigations remain ongoing.
“There are subsisting cases of alleged visa fraud against some immigration officers at the Federal High Court. Further investigations are ongoing with the possibility that more NIS officers could be arraigned for alleged fraudulent practices in the near future,” the statement read.
The EFCC stressed that despite the ongoing investigations and court cases involving some officers of the Nigeria Immigration Service, the Comptroller General was not linked to the matter.
“However, the Immigration CG is not remotely connected to these investigations,” the organisation stated.
The anti-corruption agency also urged journalists and media organisations to verify information relating to its activities before publication to prevent the dissemination of inaccurate reports, appealing to the media “to always seek clarifications on the activities of the EFCC to avoid misrepresentation of facts.”
