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Nairaland Forum / Nairaland / General / Politics / Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt (23061 Views)
Two Ministers Suspected As Moles In $9.6bn P&ID Judgment Debt / Faces Behind Deal That Landed Nigeria In $9.6bn Mess / $9.6bn: British Firm Listing Nigeria Assets For Seizure (2) (3) (4)
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Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by baby124: 1:02pm On Sep 02, 2019 |
Good. Now that UK is entering Brexit, they will listen. What an atrocious scam. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by anonimi: 1:02pm On Sep 02, 2019 |
ntyce: I agree with you largely but most of those who signed the agreement are dead. 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by tinsel: 1:03pm On Sep 02, 2019 |
After reading this report by thisday, i can now understand the whole noise which i think is sponsored by the corrupt and powerful individuals associated with this failed project. I admire Buhari for not paying this money. Nigeria need to fight to the last. There are still oppportunity for appeal. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by Iamgrey5(m): 1:06pm On Sep 02, 2019 |
BigIyanga:Bro you are also daft to understand that Nigeria has already successfully appealed the case in the USA and you should have taken your own advice and Google before giving me a useless mention. Notwithstanding, do you even know Mareva injunction was rejected by the American supreme court since 1999. ![]() Like I stated earlier, using Google would have saved you from this embarrassment. ![]() 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by SIRTee15: 1:07pm On Sep 02, 2019 |
Iamgrey5: This one has gone to Google wikipedia without understanding concept of application...... I'm talking about indigenous nationalisation policy like in 70s when foreign companies were made to sell shares to Nigerians so they can become major shareholders.... We already did that, Nigerians has huge stakes in these foreign companies operating here.... Seizing or taking over private assets without adequate compensation or agreement is illegal whether foreign ownership or not.... And if its a foreign asset, the govt will be sanctioned... Such reckless behaviour is what brought about this PI&'D debacle in the first place..... Let nigerian govt do more harm by seizing British assets and see how far.... Bunch of thieves... And it's not like they will manage it better if they take over..... 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by tinsel: 1:12pm On Sep 02, 2019 |
OfoIgbo:I hope you read the entire report. Dont blame Buhari. He inherited the mess from Ya ardua and Jonathan and was doing all possible to reduce the cost to 200 million dollars. Nigeria has appealed, so let us wait and see. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by Iamgrey5(m): 1:19pm On Sep 02, 2019 |
SIRTee15:You must be running from the truth yourself. ![]() I just wanted to inform you that your definition of Nationalization in your previous post was wrong ![]() The country Nationalized some assets in the petroleum industry but gave continued ownership of other assets to British, European and American firms e.g British petroleum to African petroleum done by Obasanjo after the killings of Steve biko in South Africa.. However, in in the 90s, Abacha siezed other British assets in retaliation of the government assest siezed by British government until the Brits eventually caved Nothwithstading, depending on the terms of agreement for Nationalization, government would pay the investors compensations for their investment. Compensation! The P&iG case was different because of the dubious terms of agreement signed by the previous Government. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by Nobody: 1:26pm On Sep 02, 2019 |
gbam! Also remember their theft our N500Trillion (yes 500 Trillion Naira!) Malabu oil block which nobody is talking about. Ewedegubbler: |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by OfoIgbo: 1:40pm On Sep 02, 2019 |
tinsel: It was hugely Buhari's fault afterall he spent many months on assuming office without ministers. It was during this unnecessary interregnum that P&ID made some huge legal inroads, that eroded the compromise that GEJ negotiated. Of course once he appointed ministers, Malami, along with BUhari that appointed him, bungled the whole process which is why Nigeria is now left with a bill of $9.6 billion dollars. Buhari remains the chief culprit. If he had appointed intelligent ministers on time, this mess would have been avoided, but he spent those months trying to sully the image of Okonjo Iweala instead of tapping from her wealth of experience. Buhari had better get us a deal that equals GEJ's deal or even better, otherwise this episode will taint him and any future Fulani aspirant for the presidency of Nigeria. Remember GEJ from the SS got us a deal, after fulanis led by Yar'Adua, Rilwanu Lukman and Barkindo tried to sell Nigeria to P&ID. Buhari, another fulani has now returned us to the same financial slavery that GEJ saved us from. 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by SIRTee15: 1:45pm On Sep 02, 2019 |
Iamgrey5: I can't remember any country caving in to abacha during his regime... Instead, nigeria was sanctioned, heavily sanctioned... And people suffered.... If u are of the indomie generation, ask people around u who grew up in the 90s..... They will tell u what they went through... The hardship destroyed the soul of Nigerians and forever made Nigerians develop a defeated mentality to issues of life.... And u indomie generation want a repeat... Whether u like it or not... It's the white man's world.... They designed and own the global economy we currently operate.... So, they can pin u down as they so wish.... U really have to be strong, very strong to resist them... A quality our leaders never had and don't desire to have.... Even almighty China is beginning to feel the bully coming from America... Why do u think they can they look helpless on the face of Hong Kong protest.... because they know one single mistake and hong kong becomes an albatross on their neck.... If our leaders acts recklessly... It's Nigerians that will suffer again.... Just like Bubu attempted at the beginning of his first tenure 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by mankand(m): 2:23pm On Sep 02, 2019 |
michlins: They threw the opportunity to.negotiate away. We are paying for the recklessness of this regime who failed to appoint their cabinet on time 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by shiwex: 2:48pm On Sep 02, 2019 |
FarahAideed:so If we sieze Bonga, what happens to all our investments abroad, Our foreign reserve etc, Nothing is kept in Nigeria, they are all kept abroad, our Gold reserves, all are kept abroad. 2 Likes |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by shiwex: 2:53pm On Sep 02, 2019 |
Validated: And in China ...with Firing Squad |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by shiwex: 2:57pm On Sep 02, 2019 |
grandstar: If na Bobrisky story now, you go read all. 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by kayusely70(m): 3:04pm On Sep 02, 2019 |
The Federal Government has tried to resolve the impasse but i strongly suspect some vested interest are pushing the company to insist on payment of the hefty award. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by Myself2(m): 3:04pm On Sep 02, 2019 |
FarahAideed: Be serious Nobody is paying any 3 billion USD |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by VULCAN(m): 3:10pm On Sep 02, 2019 |
Its your type that got us into this mess to begin with. You are too lazy to read the entire article but not too lazy to prescribe a solution. A doctor who refuses to diagnose a patient but goes ahead to prescribe a course of treatment is nothing but a quack. grandstar: 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by mbos: 3:12pm On Sep 02, 2019 |
the battle between the colonial masters and fulani caiphate END OF ZOO 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by BigIyanga: 3:18pm On Sep 02, 2019 |
Iamgrey5:If they appealed and won, how come Naija AGF retained US lawfirm to negotiate? “successfully appealed case” means that FG has leverage yet it’s panicking and crying? If Naija assets in US are out of seizure from this breach of contract, Naija would not paying US lawyers to represent us. P&ID is 25% owned by a US company with ties to Trump, US Senate and lobbyists. They can grind Naija to a halt.. Stop deceiving yourself. 1 Like |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by PDJT: 3:27pm On Sep 02, 2019 |
-Nigeria must pay! The UK and Ireland, my pro-Biafran people, need the money ASAP. ![]() |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by wingmanII: 3:51pm On Sep 02, 2019 |
Empty headed thugs. Touch SNEPCO or Shell assets and see Nigeria collapse like a pack of cards. How I wish the idiots in power will heed to this dumb advice. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by wingmanII: 3:52pm On Sep 02, 2019 |
mbos: Gbam! How I wish the clueless one will do as they suggest. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by grandstar(m): 3:53pm On Sep 02, 2019 |
VULCAN: Don't be too quick to judge and worse insult. I actually love reading intellectual stuff but this article kept rambling on. Felt like exams where student put in "fillers" to make their answers long. I was also expecting this flak from my response. I have much better use of my time. The writer has a duty of care to the readers to make his or her article gripping to the readers. I write articles myself and attention span online is short. What solution do you prescribe since you read the entire article. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by heysquare(m): 4:00pm On Sep 02, 2019 |
PFRB:May be you should try to read the story slowly then you will find where negotiation was mentioned. To read with hatred for d govt. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by UnitedFront: 4:11pm On Sep 02, 2019 |
Validated: Calling you the most foolish person in Nigeria is an understatement! GEJ signed the settlement deal, that made FGN guilty party to begin with. Secondly, Jonathan signed the settlement deal in 2013 when crude oil was around 120 dollars per barrel, he refused to pay the settlement for the remaining two years he spent on the seat. Buhari came in when crude oil was selling below 40 dollars per barrel, you want hang him for not paying. Are you sick or something? |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by OlujobaSamuel: 4:38pm On Sep 02, 2019 |
michlins:God bless you, some are even saying he should not complain and pay, how do we even know if it's not a hatchet job by presidency or APC big wigs to defraud us more just like Malibu that every regime was eventually fingered. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by grandstar(m): 4:45pm On Sep 02, 2019 |
VULCAN: First don't call me lazy. The real reason why I didn't finish the article was actually be cause of the introduction where the government was advised to seize assets such as the Bonga oil fields in retaliation as it is owned by a British firm. This is arrant nonsense. Nigeria has no right to seize the assets of private companies. The case was between the the FG and a private Irish company. The thought shouldn't have propped up, how much more spoken out! Every one counters my above statement should brush up his economics textbooks and read up limited liability and other types of business ownership's. Secondly, arbitration was in the U.K. That was what the FG agreed to in the contract. I have signed such contracts before. They chose a neutral country. Just the intro irked me enough not to digest the entire article. I sense there are incompetent advisers involved in this case Now, what happened? Did the P & ID reject $600m earlier agreed because it was to be paid in installments, not trusting the government to fulfill all depend. Could it have been salvaged if it was a one off payment. Or was the company irritated that it was further slashed down by FG to $350 with a $100m down payment and the balance paid in kind such as a marginal oil field? 1 Like 1 Share |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by omobaba1759: 5:30pm On Sep 02, 2019 |
Everything is just so f**ked up with our leaders, I thought our VP is a SAN certified and have been in that field for many years. This is a big grace to the country most especially this government. Validated: |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by Fidelismaria: 5:50pm On Sep 02, 2019 |
![]() ![]() ![]() Nigeria is finished Chai Kasala don burst Nigerian youths are the most stupid creatures on the planet By now there is meant to be nation wide protest across Nigeria The government must be held accountable |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by Jimi24: 6:18pm On Sep 02, 2019 |
They should take that dunce in Otuoke and lock him up. Nigerians don't love their country and i am very very sorry for youth. There will be no place to run any longer. The next few years are going to be tough and the problem is not Buhari. In fact you will learn the hard way that God has x-ray eyes and he is already judging people and things. The Trump Govt indictment of Nigerians youths, the xenophobic attacks in S. Africa affecting mostly youths and multiple busting of gangs in Europe and Asia..et.c they are pointing at a demographic that deceived itself and has chose the wrong role models in the permissive PDP era. Gird your loins folks, the world has turned a hard place and you all will learn. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by ivandragon: 7:25pm On Sep 02, 2019 |
anonimi: The situation is way past that. Besides, GEJ has not come out to clearly state why he scuttled the initial deal in the 1st place, that may help in negotiations going forward. |
Re: Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt by beresponsible(m): 2:07am On Sep 03, 2019 |
Nonsense when the trial was going on, FG sent no legal representation and did not take it seriously so why cry foul when the judgement is made. They thought UK was Nigeria where they flaunt court orders. Now they are threatening UK assets, what's that got to do with a court judgement. This judgement is AGF Malami's negligence and the executive dropping the ball |
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