Nigeria in danger over 11 contract breaches - The Nation Newspaper

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Nigeria in danger over 11 contract breaches .

Octopol Energy Limited 4.676MMscf/d, 3.039MMscf/d, 4.800MMscf/d, 2.100MMscf/d, 13.4MMscf/d;GFD Energy Nigeria Ltd 5.7MMscf/d, 7.5MMscf/d, 2.2MMscf/d, 9.2MMscf/d;Davubic Energy Development Comp. Ltd 8.4MMscf/d, 21.516MMscf/d, 18.1MMscf/d;Tricity Oil Nigeria Ltd 1.266MMscf/d, 4.977MMscf/d, 2.026MMscf/d, 4.979MMscf/d, 3.777MMscf/d.

Nigeria is before a London court trying to reverse the $9.6 billion arbitral judgment against the country over a dubious gas agreement signed with the Ministry of Petroleum Resources without passing through due process. A source, who spoke in confidence, said: “Nigeria is in a serious danger because 11 other firms have issues with the Federal Government on the gas projects.“The Ministry of Petroleum Resources actually on January 10, 2010 entered into a deal with P&ID and 12 other pre-qualified investors for accelerated development of gas production facilities at the nation’s oil fields.

“The concern of those in NNPC and other government officials is about how much Nigeria will now pay for the botched Gas Supply and Processing Agreement . This is why the government is ready to give P&ID a good fight in the UK and in the United States.” “Some of the companies have already initiated arbitration steps. It is only a firm that has decided not to either take Nigeria to a court or any arbitration panel.

“Our detectives are already investigating the deals with the firms. We have shortlisted about 25 persons to interact with.

 

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Nigeria is managed by people who can't even manage a small business successfully

officialEFCC PoliceNG check what the companies have in common. Directors and their relationship. The period of signing the contract and their relationship with all involved. People set up this for blackmailing and controlling gov., this can end, they are not bigger than Nigeria

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