Federal Republic of Nigeria and P&ID-1
This is a major step forward in our bid to overturn the injustice of the US$9.6 billion award.
The challenge argues that the gas supply and processing agreement (GSPA) is based on fraud and corruption and that the subsequent arbitral process was riddled with irregularities and deliberately concealed from the rest of the Government.2
Based on new evidence that has come to light in recent investigations, it is now clear that the original contract was a sham commercial deal designed to fail from the outset.3 The Federation has strong reasons to believe that this is a highly orchestrated scam to deliberately strip Nigeria of our assets and our future.4
On 6 December 2019, the Federal Republic of Nigeria filed a new and substantive challenge in the English Courts, in our ongoing fight against the vulture-fund-backed P&ID.1
The Federation has recently expanded its legal team, to include leading London law firm Mishcon de Reya. The team is led by Shaistah Akhtar, Partner, and Mark Howard QC of Brick Court Chambers. The expansion will enable the Government to launch in full our investigations and challenges.