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Former President Muhammadu Buhari Warns Nigeria Of A $15 Billion Impact If Nigeria Lost P&ID Case
Former President Muhammadu Buhari Warns Nigeria Of A $15 Billion Impact If Nigeria Lost P&ID Case....KINDLY READ THE FULL STORY HERE▶
Former President Muhammadu Buhari has emphasized that if Nigeria had lost its arbitration dispute with Process & Industrial Development (P&ID), it would have resulted in a potential loss of nearly $15 billion. In an article titled “A matter of principle,” released on Sunday, Buhari disclosed that during his tenure, he assigned his former chief-of-staff, Abba Kyari, and the Attorney General of the Federation, Abubakar Malami, to find a solution to the issue.
The recent development reported by The Nation states that the Business and Property Court in London had halted the enforcement of the $11 billion arbitration award favoring P&ID against Nigeria in a case identified as CL-2019-000752. Justice Robert Knowles, in his judgment, concluded that the process through which P&ID had secured a 2010 contract to construct a gas processing plant in Calabar, Cross River State, was tainted by fraud.
Responding to the situation, Buhari remarked, “Rarely in modern times can so few have tried to take so much from so many. If Nigeria had lost its arbitration dispute with Process & Industrial Development in a London court on 23 October, it would have cost our people close to USD15 billion. We won, and all decent people can sleep easier as a result. Justice Robin Knowles said Nigeria had been the victim of a monstrous fraud. But it was a close-run thing.”
Buhari emphasized that ordinary Nigerians did not make the decisions that led to the arbitration dispute. He described how P&ID, a relatively unknown company with few assets, had won a contract to build a gas processing plant in Cross Rivers but failed to commence construction. However, the contract stipulated that P&ID could sue Nigeria and claim all potential profits over 20 years as if the project had been completed.
He highlighted the efforts made to uncover evidence, including evidence of bribery and perjury on P&ID’s part, as well as the company’s possession of Nigeria’s internal legal documents. Buhari stressed the importance of following the legal process to resolve disputes, acknowledging that this case revealed the need for better contracts, greater transparency, and stricter sanctions for Nigerian public officials involved in fraudulent activities.
Buhari concluded by noting that while Nigeria had won this battle against corruption, the broader war against corruption was ongoing and called for a commitment to serve and protect the people of Nigeria.
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Political Blockbuster: Kenneth Okonkwo Drops Massive Secret, Confirms All Opposition Heavyweights Have Chosen Atiku For 2027!.
Kenneth Okonkwo, a campaign spokesman for African Democratic Congress (ADC) presidential candidate Atiku Abubakar, has asserted that opposition leaders have united behind the former Vice President as their consensus choice for the 2027 presidential race. Speaking during a Thursday interview on Channels Television, Okonkwo stated that this unified coalition originally agreed to adopt the ADC as their shared platform on July 2, 2026, with prominent figures like 2023 Labour Party presidential candidate Peter Obi present for the decision. According to Okonkwo, Atiku’s recent decision to challenge President Bola Tinubu to a debate stems directly from his standing as the undisputed leader of this opposition movement.....KINDLY READ THE FULL STORY HERE▶
Elaborating on the formation of this coalition during an interview with Channels Television on Thursday, Okonkwo revealed that multiple opposition figures initially converged to adopt the ADC as their collective political platform on July 2, 2026. He noted that key political actors—including the 2023 Labour Party presidential candidate, Peter Obi—were physically present when this foundational agreement was finalized.
Addressing the subsequent political alignment of Peter Obi, Okonkwo discussed Obi’s transition to the Nigeria Democratic Congress (NDC). Okonkwo maintained that, based on a judicial ruling, the NDC currently functions legally as a political association rather than a fully recognized political party, a status that is presently undergoing the appeals process. Furthermore, Okonkwo criticized Obi’s departure from the original coalition framework, claiming that Obi was strategically lured away from the ADC and has consequently landed in a politically precarious position within the NDC.
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Hague Rejection: ICC Cruelly Shuts Door On Desperate Petition To Probe Mass Kidnappings In Nigeria!.
On September 1, 2026, the International Criminal Court (ICC) dismissed a petition that called for an investigation into alleged “systemic kidnappings in Nigeria as crimes against humanity.” Pre-Trial Chamber II rejected the filing, which was submitted by an anonymous individual, concluding that it lacked a legal basis.....KINDLY READ THE FULL STORY HERE▶
The decision, delivered by a three-member panel led by Presiding Judge Rosario Salvatore Aitala, has drawn a sharp reaction from the Nigerian government. Attorney-General and Minister of Justice, Lateef Fagbemi, issued a statement criticizing the procedural handling of the petition. Fagbemi argued that it was improper for the ICC’s Pre-Trial Division President to assign an unverified, anonymous filing to a chamber without first ensuring the court had the jurisdiction to hear it or determining if the complaint was frivolous.
The minister contended that this administrative step bypassed critical safeguards established under the ICC’s Rome Statute. He emphasized that the authority to assess information and initiate investigations rests solely with the ICC Prosecutor, or through formal referrals from member states or the UN Security Council. Fagbemi argued that neither the Pre-Trial Division President nor a Pre-Trial Chamber possessed the power to entertain anonymous petitions or intervene in Nigeria’s internal security matters.
Fagbemi warned that such procedural lapses could damage the credibility of the ICC’s judicial process and potentially impact the cooperation between Nigeria and the international court. Despite these concerns, the Attorney-General reassured the public that the ICC has not opened any investigation against the Nigerian government regarding this petition, and that Nigeria will continue to protect its sovereignty while adhering to established international laws.
Minister of Defence Gen. Christopher Musa (retd.) has clarified that the recovery of kidnapped victims without capturing or eliminating their captors typically results from intense military pressure compelling terrorists to abandon their captives and escape. Speaking on Channels Television’s Politics Today on Thursday, Musa addressed inquiries regarding recent operations where hostages were freed without reported criminal casualties.....KINDLY READ THE FULL STORY HERE▶
Challenging the notion that armed terrorists will invariably stay and engage advancing troops, Musa explained that many choose to flee upon realizing security forces have closed in or when military assets, such as drones, approach their positions. Noting that these criminals fundamentally wish to avoid dying despite carrying weapons, he stated that even the presence of a drone often causes them to scatter and abandon everyone. This dynamic allows troops to successfully rescue hostages without initiating a firefight that could risk the captives’ lives.
Beyond direct confrontations, Musa detailed alternative tactics focused on severing the logistical lifelines that sustain terrorist camps. Instead of relying exclusively on armed conflict, security forces locate criminal hideouts and cut off essential supplies like food, water, and fuel. By effectively blocking these avenues and targeting external support systems, the military starves the operations out.
Furthermore, the Defence Minister highlighted ongoing initiatives to track financial transactions tied to criminal activities and ransom payments to uncover broader networks. He commended the Central Bank of Nigeria (CBN) for stepping up efforts to identify and trace suspicious funds back to their sources.
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