General
$9.6bn Case: Court Orders P&ID to Pay Nigeria £1.5m

By Adedapo Adesanya
A judgement delivered on Thursday, September 10 in the United Kingdom has ordered Process and Industrial Developments (P&ID) Limited to make the payment of more than £1.5 million to Nigeria within 21 days to cover legal costs in an ensuing legal battle between both parties.
A UK judge gave the order following a hearing held to decide procedural and costs issues relating to Nigeria’s applications to challenge the arbitration award of $9.6 billion last year and to also determine the short-term directions to trial.
This latest order follows the major victory it secured on September 4 when the court allowed the country to bring a fraud challenge against the $9.6 billion arbitration award obtained by P&ID well outside the normal time limits.
Speaking on this latest development, the Office of the Attorney General of the Federation (AGF) through a spokesperson noted, “This is another crucial win for Nigeria in our ongoing fight against the vulture-fund-backed P&ID.
“We are pleased that the English Courts have taken our fraud challenge seriously, and awarded us a substantial interim payment in respect of our successful application for an extension of time to challenge the award.”
What this means is that Nigeria will now proceed to a full fraud trial, which among other things might mean the country will avoid paying the arbitration award which is estimated to be one-third of the national budget.
The Nigerian government noted, “To date, P&ID and its financial backer VR Capital have not produced a single document or credible witness to challenge the FRN’s fraud evidence.
“Instead, they continue to resort to disseminating misleading claims, while taking every step possible to delay or obstruct our investigations across multiple jurisdictions.”
The Nigerian government has maintained over time that the contract that led to the arbitration was fraudulent and that it would work relentlessly to overturn it.
Business Post had reported that P&ID, a firm based in the British Virgin Islands, won a $9.6 billion arbitration award against the Nigerian government after the collapse of a 2010 gas project.
However, last Friday, Mr Ross Cranston, a judge of the Business and Property Courts of England and Wales, granted Nigeria’s application for an extension of time and relief from sanctions over the judgment awarded against it in August 2019.
General
Tinubu Confers National Honours on Bola Ige, Kudirat Abiola, Others

By Modupe Gbadeyanka
President Bola Tinubu on Thursday, June 12, 2025, conferred national honours on some late pro-democracy activists in Nigeria.
While delivering his speech at a joint session of the National Assembly today, Mr Tinubu also conferred the honours on other citizens still alive, appreciating them for speaking out when the military governed the nation many years ago.
The federal government declared today a public holiday to celebrate Democracy Day. This day was chosen for such because on June 12, 1993, Nigerians voted to elect a president, but the military, under Mr Ibrahim Babangida, annulled the exercise despite it being described as the freest and fairest in the history of the country.
The election was believed to have been won by late MKO Abiola, but he died on July 7, 1998, while in detention because he declared himself as president.
During his message to the lawmakers on Thursday, President Tinubu honoured the late wife of Mr Abiola, Kudirat, as well as the late Attorney General of the Federation (AGF), Mr Bola Ige.
Below is the full list of the recipient of the national honours;
Shehu Musa Yar’Adua (GCFR), Prof. Humphrey Nwosu (CON), Rear Admiral Ndubuisi Kanu (CON), Alhaji Balarabe Musa (CFR), Pa Alfred Rewani (CFR), Bagauda Kaltho (OON), Chima Ubani (OON), Dr. Beko Ransome-Kuti (CON), Alao Aka Bashorun (CON), Chief Frank Kokori (CON), Emma Ezeazu (OON), Bamidele Aturu (OON), and Fredrick Fasehun (CON).
Others are Professor Festus Iyayi (CON), Dr John Yima Sen (OON), Alhaja Sawaba Gambo (CON), Dr. Edwin Madunagu (CON), Dr. Alex Ibru (CON), Chief Bola Ige (CFR), Pa Reuben Fasoranti (CFR), Sen. Ayo Fasanmi (CON), Sen. Polycarp Nwite (CON) and Dr. Nurudeen Olowopopo (CON).Prof. Wole Soyinka (GCON), Prof. Olatunji Dare (CON), the journalist and journalism teacher; Kunle Ajibade (OON); Nosa Igiebor (OON), Dapo Olorunyomi (OON), Bayo Onanuga (CON), Ayo Obe (OON), Dare Babarinsa (CON), and Bishop Matthew Hassan Kukah (CON).
The rest are Senator Shehu Sani (CON), Governor Uba Sani (CON), Barrister Femi Falana, SAN (CON), Prof. Shafideen Amuwo (CON), Barrister Luke Aghanenu (OON), Senator Tokunbo Afikuyomi (CON), Labaran Maku (OON), Dr. Tunji Alausa (CON), Mr Nick Dazang (OON), Abdul Oroh (OON), Odia Ofeimun (CON), Seye Kehinde (OON), Barrister Felix Morka (CON) Barrister Ledum Mitee (CON), Olawale Osun (CON), Dr Amos Akingba (CON), Prof. Segun Gbadegesin (CON), Mobolaji Akinyemi (CFR), Dr Kayode Shonoiki (CON), Prof. Julius Ihonvbere (CON), Prof. Bayo Williams (CON), Senator Abu Ibrahim (CFR), and Senator Ame Ebute (CFR).
General
Navy Uncovers Illegal Crude Oil Storage Pits in Delta

By Adedapo Adesanya
The Nigerian Navy, under Operation Delta Sanity, has uncovered and destroyed multiple illegal crude oil storage pits in Obodo Omadino Community, Warri South-West Local Government Area of Delta State.
The operation, carried out by personnel of Nigerian Navy Ship (NNS Delta), dealt another major blow to the organised network of illegal crude oil refining syndicates operating in the Niger Delta.
According to the Navy, the dug-out pits, hidden deep in the creeks, were filled with a significant but unspecified quantity of stolen crude oil.
This latest action follows earlier raids in the same community between June 1 and 5, during which Naval forces dismantled 28 illegal crude oil pits and seized numerous sacks of stolen oil.
The Navy emphasized that Tuesday’s raid reinforces its warning to oil thieves that there will be no hiding place.
“This discovery is part of our sustained effort to dismantle the infrastructure of crude oil theft in the region. These operations will continue relentlessly,” an official statement noted.
The Navy reiterated its commitment to protecting Nigeria’s economic assets and called on local communities to support the ongoing campaign by providing credible intelligence.
“We urge citizens to stand with us in this fight. Crude oil theft is a national economic crime, and we will continue to act decisively against it,” the Navy added.
General
UK Reiterates Support for Nigeria’s Energy Transition Plans

By Adedapo Adesanya
The United Kingdom has reiterated its strong support for Nigeria’s energy transition plan, which involves tapping into various sustainable energy efforts, including hydro, solar, and others renewables to complement its hydrocarbons options to create enough value in its energy sector.
The First Secretary for Climate Diplomacy in the British High Commission, Ms Samantha Harrison, during a visit to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, emphasised the United Kingdom’s commitment to partnering with Nigeria on climate and energy initiatives.
Discussions focused on opportunities for collaboration to reduce gas flaring, an essential component of Nigeria’s decarbonisation strategy.
The visit highlights the UK’s ongoing dedication to supporting Nigeria’s sustainable energy goals and fostering climate-resilient development as a pathway to long-term economic growth.
In his remarks, the chief executive of NUPRC, Mr Gbenga Komolafe, reaffirmed the agency’s leadership role in driving decarbonisation within Nigeria’s upstream petroleum sector.
Mr Komolafe stated that the commission is implementing a dual strategy to address gas flaring: by decarbonising flare sites, and by converting flared gas into valuable economic assets.
This approach not only mitigates environmental impact but also enhances national revenue generation.
Business Post reported recently that Nigeria lost over N710 billion to gas flaring.
A key initiative in this effort is the Nigerian Gas Flare Commercialisation Programme (NGFCP) which currently includes 49 identified flare sites.
The programme is designed to harness previously wasted gas resources and channel them into productive use, contributing to both environmental sustainability and economic growth.
Mr Komolafe also acknowledged the support received from multilateral organisations such as the World Bank and Net Zero World and expressed optimism about future collaboration with the British High Commission to further enhance the Commission’s decarbonisation efforts.
During the visit, officials of the commission and the British High Commission delegation held a technical session towards fostering a robust partnership.
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