Skip to main content

UPDATE: $9.6bn Fine: UK Court Grants Stay Of Execution Of Judgement

Statement from the Federal Government of Nigeria on today’s developments in the Court


LONDON – Earlier today, the UK Commercial Court granted the Federal Government of Nigeria’s request for leave to appeal, enabling the Government to appeal the Court’s recognition of the UK Arbitration Tribunal in the UK Court of Appeal.
The UK Commercial Court also approved the Government’s application for a “stay of execution” which will prevent the plaintiff, P&ID, from enforcing the UK Arbitration Tribunal’s earlier judgment while this case is heard on appeal before the Court of Appeal.
The Attorney General Abubakar Malami commented further: “I am pleased with today’s development in the court and see this as a positive resolution that constitutes an important step in the Government’s efforts to defend itself in a fair and just process. We look forward to challenging the UK Commercial Court’s recognition of the Tribunal’s decision in the UK Court of Appeal, uncovering P&ID’s outrageous approach for what it is: a sham based on fraudulent and criminal activity developed to profit from a developing country.”

Comments

Popular posts from this blog

Taraba Governor Approves Cabinet Reshuffle, Redeploys Four Commissioners

Taraba State Governor, Dr. Agbu Kefas, has approved the immediate redeployment of four Commissioners serving in the State Executive Council as part of a cabinet reshuffle. The redeployment, contained in a press release dated August 26, 2026, and signed by the Secretary to the State Government, Chief Gebon Timothy Kataps, Esq., affects four ministries. Under the new arrangement, Hon. Peter George moves from the Ministry of Commerce, Trade and Industry to the Ministry of Water Management and Aquatic Affairs, while Hon. Daniel Ishaku is redeployed from Water Management and Aquatic Affairs to the Ministry of Waste Management and Resource Innovation. Also affected are Hon. Bernard Shonzen James Kassa, who moves from the Ministry of Waste Management and Resource Innovation to the Ministry of Social Development and Human Services, and Hon. Philip Habu James, who is redeployed from the Ministry of Social Development and Human Services to the Ministry of Commerce, Trade and Industry...

Tinubu approve reconstruction of Numan-Jalingo, Mutum Biyu–Garba Chede, Mayo Selbe–Gembu roads

By Taraba Facts President Bola Ahmed Tinubu’s approval for the completion of the long-abandoned Jalingo–Numan Road, rehabilitation of the Mutum Biyu–Garba Chede Road and construction of the Mayo Selbe–Gembu Road has been welcomed as a major development for Taraba State. The approval is expected to address some of the state’s long-standing road infrastructure challenges and improve connectivity between communities, commercial centres and neighbouring states. The Jalingo–Numan Road, which has remained abandoned for years, is considered a critical route for the movement of people and goods between Taraba and Adamawa states. Its completion is expected to ease transportation, reduce travel difficulties and support economic activities along the corridor. Similarly, the rehabilitation of the Mutum Biyu–Garba Chede Road and construction of the Mayo Selbe–Gembu Road are expected to improve access to rural communities and boost agricultural, tourism and commercial activities, particu...

Kefas Bans Livestock Rearing in Residential Areas of Jalingo, Imposes ₦50,000 Fine

The Taraba State Government has banned the rearing of animals in residential areas and other parts of Jalingo, the state capital, as part of efforts to tackle environmental nuisance, safeguard public health, and maintain a cleaner and more orderly city. The government also warned that anyone found violating the directive will face an immediate fine of ₦50,000. Chairman of the Taraba State Environmental Sanitation Agency (TSESA), Mr. Iliya Kefas, announced the ban during the state's monthly environmental sanitation exercise in Jalingo.