A British court judgement has Shows Malami lied against Magu
Contrary to the claim of the attorney general of the federation, Abubakar Malami, that the Economic and Financial Crimes Commission (EFCC) is partly to blame for Nigeria’s failure to originally secure a stay of execution of the award of $8.9 billion (about N3.2 trillion) in favour of P&ID, details of Friday’s judgement by a British Commercial Court revealed that the EFCC’s investigation was instrumental to the favourable judgement obtained by the country.
The Commercial Court granted Nigeria’s appeal for a stay of execution of the award of $8.9 billion (about N3.2 trillion) in favour of P&ID, a controversial British firm that secured a gas contract in Nigeria.
On Friday, the Royal Courts of Justice Strand, London, WC2A 2LL presided over by Justice Ross Cranston said following a review of written submissions by the Nigerian government after the arbitral award, which contained “new evidence” concerning the matter in dispute, the court decided to grant “Nigeria’s applications for an extension of time and relief from sanctions.”
The latest ruling is, however, a temporary reprieve for Nigeria, as it merely provides an opportunity for the court to review the new evidence of a miscarriage of justice claimed by the Nigerian government and does not amount to a repeal of the award to Process & Industrial Development Limited (P&ID).
The UK Business & Property Courts (the Commercial Court), presided by Justice Butcher, had approved that P&ID should enforce a March 20, 2013 award against Nigeria by a District Circuit Court in Washington DC.