World
Meet Two Men That Got $9bn Court Judgment Against Nigeria
On February 15, 2015, members of the Irish music scene gathered in Dublin to pay their last respects to Michael Quinn, a long-time music impresario. Quinn was a well-known and colourful character. He partied and hob-knobbed with the who’s who in music, from the American band ‘The Supremes’ to the Irish folk band ‘The Dubliners’, until his death. Yet, it wasn’t the music stars who really attracted attention at the funeral; it was the large number of Nigerians in attendance, along with a Nigerian TV crew, that turned the heads of those gathered to say their farewells to Quinn.
Nigeria has, of course, seen its fair share of larger-than-life characters, but Michael Quinn deserves an honourable mention on any list. His rock-n-roll heritage led to a career in business, commodities, project management, and involvement in some of Nigeria’s most ambitious – and controversial – infrastructure deals of the past 30 years.
Quinn may be best known in Nigeria for being the co-founder of P&ID, involved in a gas flaring project that collapsed following the Nigerian government’s failure to uphold the terms of the agreement. This has led to Nigeria’s most difficult overseas investor challenge in its history: namely, the world’s largest arbitration award of over $9.5 billion.
What’s not really understood by most Nigerians is the full story on Michael Quinn – and his business partner, Brendan Cahill – and their business adventures here in Nigeria. BWN set out to investigate their business exploits, spanning Nigeria, Ireland, the British Virgin Islands, Cyprus and the United Kingdom, among others.
Where It All Began: ‘The Butanisation’ Project
BWN has established that Quinn and Cahill ran an international consulting company called Industrial Consultants (ICIL).
They got their first real start in Nigeria having won a contract from NNPC to establish Africa’s first-ever gas pressure vessel manufacturing facility – including installation at nine sites across Nigeria – known as the “Butanisation Project.”
In the early 1990’s, NNPC wanted to capture the Butane gas produced throughout the country at the oil refineries. Their plan was to install 1,000 tonne high pressure vessels at 9 sites across Nigeria with a total of 48 individual vessels to store this Butane.
At the time, the NNPC envisaged that international vessel manufacturers in the West (Europe, US) would tender for and export completed vessels into Nigeria. However, Quinn and Cahill had other ideas. They wanted to build the vessels in Nigeria. But they faced steep challenges in doing so, including the challenge of identifying qualified workers (welders and engineers) with the necessary skills.
To overcome this challenge, they pursued a technology transfer partnership with Babcock Robey, a long-established UK company, to consider setting up a factory, bringing in world-class welders and manufacturing the vessels in Nigeria whilst training up an entire cadre of Nigerian welders and engineers. This was not ordinary welding – an explosion at such a vessel would be devastating.
The technology transfer arrangement with Babcock Robey agreed that after completion of the project the factory and equipment would remain operative in Nigeria. As a direct result of that technology transfer, there are now a number of indigenous manufacturers in Nigeria, not only of pressure vessels, but of many other associated products used across the entire oil and gas industry. This industry as a whole is now worth billions of dollars to the Nigerian economy.
This technology transfer strategy would later become a signature strategy of the Quinn and Cahill approach to doing business in Nigeria.
Combating HIV/AIDS
Not all of Cahill and Quinn’s projects were as commercially successful as the Butanization project, though. An entrepreneurial project to support HIV/AIDS testing in Nigeria collapsed in the early 2000s, after disagreements between the various commercial partners – including Quinn and Cahill – and the Nigerian government. Why did the project collapse, and what was the involvement of Quinn and Cahill?
In the late 90s and early 2000s, sub-Sahara African governments were facing a staggering rise in the numbers of citizens suffering from HIV/AIDS. The lack of basic healthcare infrastructure, access to medicines, testing stigma and limited financial resources only made the plight worse.
In 2006, the Nigerian Health Ministry agreed to support a $15 million partnership with a local Nigerian company, Allied Consultants International (ACI) working with Trinity Biotech of Ireland to supply and create a facility that would locally-manufacture HIV testing kits. The Nigerian government would be a Joint Venture (JV) partner. Locally the company was known as Trinitron.
The initiative got off to a rough start due to the government’s failure to deliver the necessary funds and resources needed to start, and so ACI sought outside assistance. They went to Michael Quinn and Brendan Cahill and asked for their help. (BWN has established that Quinn and Cahill were not involved at the start of the project – they were simply called in to help when things began to go wrong). Quinn and Cahill arranged for new financing, and brought in new management. In return, Quinn and Cahill through ICIL became a shareholder in ACI. The new arrangement worked. Test kits were delivered from Ireland – over 4 million of them. And in May 2008 the manufacturing facility at Sheda was completed, and the first kits were rolled out for government licensing approval.
Notwithstanding this, the Nigerian government failed to purchase the test kits. This led in-part to the collapse of the project and the ultimate closure of the facility in Sheda, by the government.
BWN tracked down Gerry Nash, the project manager of the Sheda facility brought in by Quinn and Cahill, to understand why some in Nigeria claim this project was a sham or a fraud: He said: “The Trinitron project was an extraordinary success and supported Nigerians access to essential tests to combat the spread of HIV/AIDS. We delivered over 4 million test kits that were vital to stopping the spread of HIV/AIDS. The Sheda facility was in full operation and producing locally made kits. There will be those in the Western media who will say this project was a failure; however, that’s ridiculous as the only failure was the Nigerian government’s inability to continue funding the project.”
Port Expansion
Quinn and Cahill also had a hand in expanding the infrastructure of the ports of Lagos and Calabar. It resulted in them gaining a better understanding of the infrastructure and needs of cities like Lagos and Calabar. Their work in both communities saw the construction of improved industrial facilities that allowed for the increased import and export of goods and services.
Supporting Nigeria’s Military
Quinn and Cahill also found a niche in helping repair and rebuild ageing Nigerian military equipment. BWN has established that they worked on several such contracts since 2000.
In 2001, through their company Marshpearl, Quinn and Cahill won a contract to repair and upgrade 36 Scorpion tanks. Overall, the project was a resounding success, and delivered the tanks upgraded as required. Such military hardware upgrades were to be needed in the coming years, in particular in the fight against Boko Haram.
However, BWN has found that not all contracts with the Nigerian military were as successful as the Scorpion tank project. In 2010, Industrial Consultants partnered with a company called North Wales Military Aviation Services (NWMAS) and won a $5m contract to repair the ejector seats in six Alpha jets for the Nigerian Air Force, specifically for an Air Force unit called Aeronautical Engineering & Technical Services (AETS).
NWMAS had completed the first milestone of the project when the Nigerian AETS unit terminated its agreement with NWMAS and refused to pay for work that had been previously completed. Again, because the contract was well-structured and relied on milestones for payments, it should have been straightforward.
The two sides could not agree, though. This dispute ended up before a Nigerian arbitration panel, which awarded Quinn and Cahill $2.3 million because of the Nigerian decision to end the contract early and not pay for work completed.
Private Sector Projects
Quinn and Cahill didn’t just work for the government, but also for the private sector where they worked with some of the big names in the international oil industry.
For instance, their operation was involved in numerous feasibility studies in relation to high value projects (especially complex cable and fibre optics networks) subsequently undertaken by large private companies such as Shell – the Cawthorne Channel Gas Gathering Project and the Forcados Gas Gathering Project, to name but two. In relation to all of these studies – valued in aggregate in the hundreds of millions of dollars – the recommendations made by Quinn and Cahill were taken up and the specialist facilities proposed were successfully constructed.
Use of Offshore Companies and Section 54
Our investigation also revealed a pattern by Quinn and Cahill to use offshore tax havens like the British Virgin Islands (BVI) and Cyprus to establish their businesses that operated in Nigeria. We wanted to look into why the two men used this tactic repeatedly and if it has any relevance for the current dispute with P&ID, which is also based in the British Virgin Islands.
According to experts, businesses use these tax havens because they help to lower tax bills, they offer sound legal structures for businesses, and they allow the identities of the ownership to remain confidential. These are all general reasons why BVI companies are popular with international businesspeople.
Some claim these mirrored entities lead to confusion and are meant to intentionally mislead, especially during legal and arbitration disputes.
In the legal dispute on NWMAS, rumours abound that NWMAS Nigeria Ltd was established without NWMAS UK’s knowledge and the subsequent arbitration was not made aware to the UK entity. We looked into this claim, because it is a serious allegation.
According to discussions we had with contacts who know the details of the NWMAS case, these allegations are false, and in fact, the NWMAS UK was named as Claimant in the dispute.
Conclusion
Why does this all matter – Irish entrepreneurs making deals in everything from medicine kits, to tanks, to ports? It matters because Nigeria’s government currently owes $9.5 billion in judgment debt to P&ID, which is the company founded by Quinn and Cahill.
Some senior officials of the Nigerian government have claimed that P&ID is a “fake” company. It is clear from our investigation that similar arguments were levelled against other Quinn and Cahill adventures, such as NWMAS, in the past, and were subsequently found to be untrue.
Our investigation around Quinn and Cahill has shown these two men as having a long-track record here in Nigeria. Yes, they’ve set up multiple tax haven companies. Yes, they’ve had their fair share of disputes and arbitration awards against Nigeria. Yes, they have had some projects succeed and others fail. They are entrepreneurs and risk-takers, that is clear. Nigeria is a tough place to do business, and it needs such people to invest and show good faith. Without such investors, Nigeria would be in trouble, because investors who are heavily risk-averse do not want to come here. What the country needs is genuine entrepreneurs.
There is clearly some criticism about Quinn & Cahill that stands up: the projects that did not succeed could have been better handled. But to claim that these were “scams” or “frauds” is obviously untrue: there are real buildings, and machines, and facilities that show the contracts were real, and the work done was real. There is literally concrete evidence of this.
So, efforts by some people to characterise P&ID and its founders, Quinn and Cahill, as frauds, clearly fall short, unless those making such claims can produce real evidence. In any case, attacking previous projects that have served their purpose does not have any relevance to the current P&ID dispute.
The fact of the matter remains that until recently, no one had alleged fraud or misdeeds in the P&ID case. To date, not once during any of the legal proceedings either in the UK or US – where they are active currently – or even during the Nigerian legal proceedings, were these issues or claims raised by the Nigerian government. This shows that some sections of the media are simply falling for the spin; the government itself does not even believe the rumours sufficiently to raise them in court.
The most important single fact on the P&ID case is that, by failing to follow-through on the P&ID agreement, the expert Tribunal found that the Nigerian government was at fault and is now faced with the grim consequences of potentially paying for one of the largest arbitration awards in history – currently standing at over $9 billion!
And there is no evidence yet that the government is ready to enter into negotiations to find an amicable solution to the issue.
World
Today’s Generation of Entrepreneurs Value Flexibility, Autonomy—McNeal-Weary
By Kestér Kenn Klomegâh
The Young African Leaders Initiative (YALI) is the United States’ signature step to invest in the next generation of African leaders. Since its establishment in 2010 by Obama administration, YALI has offered diverse opportunities, including academic training in leadership, governance skills, organizational development and entrepreneurship, and has connected with thousands of young leaders across Africa. This United States’ policy collaboration benefits both America and Africa by creating stronger partnerships, enhancing mutual prosperity, and ensuring a more stable environment.
In our conversation, Tonya McNeal-Weary, Managing Director at IBS Global Consulting, Inc., Global Headquarters in Detroit, Michigan, has endeavored to discuss, thoroughly, today’s generation of entrepreneurs and also building partnerships as a foundation for driving positive change and innovation in the global marketplace. Here are the excerpts of her conversation:
How would you describe today’s generation of entrepreneurs?
I would describe today’s generation of entrepreneurs as having a digital-first mindset and a fundamental belief that business success and social impact can coexist. Unlike the entrepreneurs before them, they’ve grown up with the internet as a given, enabling them to build global businesses from their laptops and think beyond geographic constraints from day one. They value flexibility and autonomy, often rejecting traditional corporate ladders in favor of building something meaningful on their own terms, even if it means embracing uncertainty and financial risk that previous generations might have avoided.
And those representing the Young African Leaders Initiative, who attended your webinar presentation late January 2026?
The entrepreneurs representing the Young African Leaders Initiative are redefining entrepreneurship on the continent by leveraging their unique perspectives, cultural heritage, and experiences. Their ability to innovate within local contexts while connecting to global opportunities exemplifies how the new wave of entrepreneurs is not confined by geography or conventional expectations.
What were the main issues that formed your ‘lecture’ with them, Young African Leaders Initiative?
The main issues that formed my lecture for the Young African Leaders Initiative were driven by understanding the importance of building successful partnerships when expanding into the United States or any foreign market. During my lecture, I emphasized that forming strategic alliances can help entrepreneurs navigate unfamiliar business environments, access new resources, and foster long-term growth. By understanding how to establish strong and effective partnerships, emerging leaders can position their businesses for sustainable success in global markets. I also discussed the critical factors that contribute to successful partnerships, such as establishing clear communication channels, aligning on shared goals, and cultivating trust between all parties involved. Entrepreneurs must be proactive in seeking out partners who complement their strengths and fill gaps in expertise or resources. It is equally important to conduct thorough due diligence to ensure that potential collaborators share similar values and ethical standards. Ultimately, the seminar aimed to empower YALI entrepreneurs with practical insights and actionable strategies for forging meaningful connections across borders. Building successful partnerships is not only a pathway to business growth but also a foundation for driving positive change and innovation in the global marketplace.
What makes a ‘leader’ today, particularly, in the context of the emerging global business architecture?
In my opinion, a leader in today’s emerging global business architecture must navigate complexity and ambiguity with a fundamentally different skill set than what was previously required. Where traditional leadership emphasized command-and-control and singular vision, contemporary leaders succeed through adaptive thinking and collaborative influence across decentralized networks. Furthermore, emotional intelligence has evolved from a soft skill to a strategic imperative. Today, the effective modern leader must possess deep cross-cultural intelligence, understanding that global business is no longer about exporting one model worldwide but about genuinely integrating diverse perspectives and adapting to local contexts while maintaining coherent values.
Does multinational culture play in its (leadership) formation?
I believe multinational culture plays a profound and arguably essential role in forming the kind of leadership required in today’s global business environment. Leaders who have lived, worked, or deeply engaged across multiple cultural contexts develop a cognitive flexibility that’s difficult to replicate through reading or training alone. More importantly, multinational exposure tends to dismantle the unconscious certainty that one’s own way of doing things is inherently “normal” or “best.” Leaders shaped in multicultural environments often develop a productive discomfort with absolutes; they become more adept at asking questions, seeking input, and recognizing blind spots. This humility and curiosity become strategic assets when building global teams, entering new markets, or navigating geopolitical complexity. However, it’s worth noting that multinational experience alone doesn’t automatically create great leaders. What matters is the depth and quality of cross-cultural engagement, not just the passport stamps. The formation of global leadership is less about where someone has been and more about whether they’ve developed the capacity to see beyond their own cultural lens and genuinely value differences as a source of insight rather than merely tolerating them as an obstacle to overcome.
In the context of heightening geopolitical situation, and with Africa, what would you say, in terms of, people-to-people interaction?
People-to-people interaction is critically important in the African business context, particularly as geopolitical competition intensifies on the continent. In this crowded and often transactional landscape, the depth and authenticity of human relationships can determine whether a business venture succeeds or fails. I spoke on this during my presentation. When business leaders take the time for face-to-face meetings, invest in understanding local priorities rather than imposing external agendas, and build relationships beyond the immediate transaction, they signal a different kind of partnership. The heightened geopolitical situation actually makes this human dimension more vital, not less. As competition increases and narratives clash about whose model of development is best, the businesses and nations that succeed in Africa will likely be those that invest in relationships characterized by reciprocity, respect, and long-term commitment rather than those pursuing quick wins.
How important is it for creating public perception and approach to today’s business?
Interaction between individuals is crucial for shaping public perception, as it influences views in ways that formal communications cannot. We live in a society where word-of-mouth, community networks, and social trust areincredibly important. As a result, a business leader’s behavior in personal interactions, their respect for local customs, their willingness to listen, and their follow-through on commitments have a far-reaching impact that extends well beyond the immediate meeting. The geopolitical dimension amplifies this importance because African nations now have choices. They’re no longer dependent on any single partner and can compare approaches to business.
From the above discussions, how would you describe global business in relation to Africa? Is it directed at creating diverse import dependency?
While it would be too simplistic to say global business is uniformly directed at creating import dependency, the structural patterns that have emerged often produce exactly that outcome, whether by design or as a consequence of how global capital seeks returns. Global financial institutions and trade agreements have historically encouraged African nations to focus on their “comparative advantages” in primary commodities rather than industrial development. The critical question is whether global business can engage with Africa in ways that build productive capacity, transfer technology, develop local talent, and enable countries to manufacture for themselves and for export—or whether the economic incentives and power irregularities make this structurally unlikely without deliberate policy intervention.
World
Russia Expands Military-Technical Cooperation With African Partners
By Kestér Kenn Klomegâh
Despite geopolitical complexities, tensions and pressure, Russia’s military arms and weaponry sales earned approximately $15 billion at the closure of 2025, according to Kremlin report. At the regular session, chaired by Russian President Vladimir Putin on Jan. 30, the Commission on Military and Technical Cooperation with Foreign Countries analyzed the results of its work for 2025, and defined plans for the future.
It was noted that the system of military-technical cooperation continued to operate in difficult conditions, and with increased pressure from the Western countries to block business relations with Russia. The meeting, however, admitted that export contracts have generally performed sustainably. Russian military products were exported to more than 30 countries last year, and the amount of foreign exchange exceeded $15 billion.
Such results provide an additional opportunity to direct funds to the modernization of OPC enterprises, to the expansion of their production capacities, and to advanced research. It is also important that at these enterprises a significant volume of products is civilian products.
The Russian system of military-technical cooperation has not only demonstrated effectiveness and high resilience, but has created fundamental structures, which allow to significantly expand the “geography” of supplies of products of military purpose and, thus strengthen the position of Russia’s leader and employer advanced weapons systems – proven, tested in real combat conditions.
Thanks to the employees of the Federal Service for Military Technical Cooperation and Rosoboronexport, the staff of OPC enterprises for their good faith. Within the framework of the new federal project “Development of military-technical cooperation of Russia with foreign countries” for the period 2026-2028, additional measures of support are introduced. Further effective use of existing financial and other support mechanisms and instruments is extremely important because the volumes of military exports in accordance with the 2026 plan.
Special attention would be paid to the expansion of military-technological cooperation and partnerships, with 14 states already implementing or in development more than 340 such projects.
Future plans will allow to improve the characteristics of existing weapons and equipment and to develop new promising models, including those in demand on global markets, among other issues – the development of strategic areas of military-technical cooperation, and above all, with partners on the CIS and the CSTO. This is one of the priority tasks to strengthen both bilateral and multilateral relations, ensuring stability and security in Eurasia.
From January 2026, Russia chairs the CSTO, and this requires working systematically with partners, including comprehensive approaches to expanding military-technical relations. New prospects open up for deepening military-technical cooperation and with countries in other regions, including with states on the African continent. Russia has been historically strong and trusting relationships with African countries. In different years even the USSR, and then Russia supplied African countries with a significant amount of weapons and military equipment, trained specialists on their production, operation, repair, as well as military personnel.
Today, despite pressure from the West, African partners express readiness to expand relations with Russia in the military and military-technical fields. It is not only about increasing supplies of Russian military exports, but also about the purchase of other weapons, other materials and products. Russia has undertaken comprehensive maintenance of previously delivered equipment, organization of licensed production of Russian military products and some other important issues. In general, African countries are sufficient for consideration today.
World
Trump Picks Kevin Warsh to Succeed Jerome Powell as Federal Reserve Chair
By Adedapo Adesanya
President Donald Trump has named Mr Kevin Warsh as the successor to Mr Jerome Powell as the Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank.
The decision culminates a process that officially began last summer but started much earlier than that, with President Trump launching a criticism against the Powell-led US central bank almost since he took the job in 2018.
“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Mr Trump said in a Truth Social post announcing the selection.
US analysts noted that the 55-year old appear not to ripple market because of his previous experience at the apex bank as Governor, with others saying he wouldn’t always do the bidding of the American president.
If approved by the US Senate, Mr Warsh will take over the position in May, when Mr Powell’s term expires.
Despite having argued for reductions recently, “Warsh has a long hawkish history that markets have not forgotten,” one analyst told Bloomberg.
President Trump has castigated Mr Powell for not lowering interest rates more quickly. His administration also launched a criminal investigation of Powell and the Federal Reserve earlier this month, which led Mr Powell to issue an extraordinary rebuke of President Trump’s efforts to politicize the independent central bank.
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