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Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm (13481 Views)

Again, Court Summons Emefiele Over $53m Judgment Debt / Two Ministers Suspected As Moles In $9.6bn P&ID Judgment Debt / Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt (2) (3) (4)

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Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Nobody: 6:20pm On Aug 04, 2021
Kubernetes:


The contract was awarded during the PDP regime 10 years back. But it was a corrupt and over inflated award by the PDP as a result of bribery. APC discovered sunrise coy is not capable etc. A reassessment was done to ascertain if really they were not capable and if really it was inflated. The allegations was found to be true, as such it was terminated. Sunrise went to international court and got the judgment.

If the government found the coy wasn't capable of handling the project, why didn't they take them to court on that basis or terminate the contract legally on that basis?

1 Like

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Kubernetes: 6:25pm On Aug 04, 2021
Thanksful:


If the government found the coy wasn't capable of handling the project, why didn't they take them to court on that basis or terminate the contract legally on that basis?

The MOU was signed which is legality in the court.
Its just like p&id
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Kubernetes: 6:26pm On Aug 04, 2021
Thanksful:


If the government found the coy wasn't capable of handling the project, why didn't they take them to court on that basis or terminate the contract legally on that basis?

It was the coy who took the gvt to court. And they insisted they are capable
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by seunmsg(m): 6:29pm On Aug 04, 2021
Omooba77:
Wasting a whooping sum of $200m on nothing; what a wasteful government!!!!

So, what should the government have done? Disobey the judgement of the arbitration panel and forget about the Mambilla power project or what?

Go and read about the project and how we got to this point before spewing rubbish. Your darling PDP signed the useless contract with the useless Chinese company several years ago. Buhari is simply cleaning up the mess crated by PDP so that we can proceed with the project.

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Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Nobody: 6:33pm On Aug 04, 2021
Kubernetes:


It was the coy who took the gvt to court. And they insisted they are capable

If they insist they are capable and the government can't proof them wrong, then the government is corrupt.

1 Like

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by uptimum123(m): 6:50pm On Aug 04, 2021
Thanksful:


Please why was the contract terminated in the first place?

Ask the pdp government that did so na

1 Like

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by PassingShot(m): 6:50pm On Aug 04, 2021
frog12:
YOU TELL us how this SCAM started !

Mambila Power project was awarded in 2003 and YarAdua canceled it without following due process in 2007. So, it became a legal issue for Nigeria as the contractor went to court for compensation. The original award against Nigeria was $400m until Buhari renegotiated it to $200m. So, na one of PDPs inherited garbages.

1 Like

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by PassingShot(m): 6:51pm On Aug 04, 2021
Omooba77:


Another expert in disguise! They scaled down the project and still paying for cancellation of something that may not take place in the live of this administration.
They keep on lying to you about their achievements and nothing is on ground......
According to Wole Soyinka, they have taken our docility for granted.
Why not save yourself the embarrassment and read up about it?

2 Likes

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by uptimum123(m): 6:52pm On Aug 04, 2021
loswhite:
Please tell us the origin since you know it. Thanks

PassingShot:

Mambila Power project was awarded in 2003 and YarAdua canceled it without following due process in 2007. So, it became a legal issue for Nigeria as the contractor went to court for compensation. The original award against Nigeria was $400m until Buhari renegotiated it to $200m. So, na one of PDPs inherited garbages.

1 Like

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Omooba77: 6:53pm On Aug 04, 2021
seunmsg:


So, what should the government have done? Disobey the judgement of the arbitration panel and forget about the Mambilla power project or what?

Go and read about the project and how we got to this point before spewing rubbish. Your darling PDP signed the useless contract with the useless Chinese company several years ago. Buhari is simply cleaning up the mess crated by PDP so that we can proceed with the project.

Expecting you, how come you are late to defend your payers as usual. Same people that ate with PDP are in APC. Get that into your brain sir. All the useless promises made by your lords has ruined Nigeria to this level. Even PTB that used to defend is tired. I pray for you, may your life and entire family be run the way GMB is running Nigeria.
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Omooba77: 6:54pm On Aug 04, 2021
PassingShot:

Why not save yourself the embarrassment and read up about it?

You are same of the same, no comment... .
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by uptimum123(m): 6:55pm On Aug 04, 2021
Omooba77:


Expecting you, how come you are late to defend your payers as usual. Same people that ate with PDP are in APC. Get that into your brain sir. All the useless promises made by your lords has ruined Nigeria to this level. Even PTB that used to defend is tired. I pray for you, may your life and entire family be run the way GMB is running Nigeria.


Aren't you guys tired of the bolded

embarassed tongue tongue

1 Like

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Nobody: 7:03pm On Aug 04, 2021
uptimum123:


Ask the pdp government that did so na

I don't enjoy blame games.

If you say I am not qualified for something, prove it beyond reasonable doubt. The court is a world stage not a national thing that can be manipulated.

If you look at the write up, 4 billion was pen down for 3000 plus mw of electricity. But the new contract is for 1 mw of electricity for 3 billion. That is a business blunder.

What they should have done is obtain from the coy a certificate of competence and insurance in like weight should they deliver below standard.

What do you think?

2 Likes

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by funshint(m): 7:17pm On Aug 04, 2021
The issue I have with this is not the amount of money they'll pay; but why do they have to reduce the capacity of a project that has the potential to permanently erase our epileptic power supply problem?! angry
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by guideman: 7:26pm On Aug 04, 2021
Consequence of incompetence, complicity, and compromise.
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by saintade01(m): 7:31pm On Aug 04, 2021
Omooba77:
Wasting a whooping sum of $200m on nothing; what a wasteful government!!!!

Blame your superhero GEJ for this mess with shady contract signed under him
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by sleemomymy: 7:47pm On Aug 04, 2021
tuboi:
Nobody is paying attention to the fact that 5Billion would have given us over 3mgwtss but the corrupt government want to pay 4Billion for 1.5mgwtss…..What a shame
Did you also read the part that says " for more effective running, sustainable and reliable project"
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Steinmann: 7:49pm On Aug 04, 2021
Colossal waste of peoples money.
Somebody steals #100 Nigerians lynch and burn that person.
Yet our dictators waste #10000000000000000000 and it business as usual
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Omooba77: 7:55pm On Aug 04, 2021
saintade01:


Blame your superhero GEJ for this mess with shady contract signed under him
Go and read your history and dont forget to take your prescription.......
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by optimistic0001: 8:01pm On Aug 04, 2021
You are so blind and backward in reasoning, is this project the first the present govt will reverse without due process?

When Jonathan set up the sovereign wealth fund, you all came for his head, that same sovereign wealth fund has become cash cow for the present govt, and Buhari want to put hand inside and take away $200 million.

Instead of reviewing the project upward, the present govt is reviewing it downwards to half of the initial megawatts awarded by PDP just because of $1 billion, that they now have to pay $200 million for damages.

Falana is a lawyer, so because he is a Nigerian, he should watch the Nigerian government treat a company bad right? You seriously don't have a point.

vedaxcool:


grin you have left P&ID scam and now touting sunrise? a problem created by your beloved PDthieves? lolz grin grin grin grin

This Judgement once again reminds us of the demonic party, PDP. The contract was awarded without FEC under the Obasanjo, the new lord of Ipob thugs and wailing touts. Femi Falana is the one providing legal services to sunrise company. The same hopeless money hungry hedoist will tomorrow complain about poverty that he is part of the people deepening its reach.

1 Like

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Alexpetra: 8:04pm On Aug 04, 2021
Assuming OBJ has used the $6b he borrowed to solve the electricity issue we won't have this loophole of them looting money.
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Falconx47: 8:12pm On Aug 04, 2021
Lost half the capacity of the proposed plant for it to be bankable, and the reduction in the budget to 'bankable' is only a fifth of the initial budget? Na wa o
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Omooba77: 8:22pm On Aug 04, 2021
Thanksful:


I don't enjoy blame games.

If you say I am not qualified for something, prove it beyond reasonable doubt. The court is a world stage not a national thing that can be manipulated.

If you look at the write up, 4 billion was pen down for 3000 plus mw of electricity. But the new contract is for 1 mw of electricity for 3 billion. That is a business blunder.

What they should have done is obtain from the coy a certificate of competence and insurance in like weight should they deliver below standard.

What do you think?

God bless you dont mind those sycophants, who thinks they know, but empty upstairs. If these are the one with blueprints for national development, no wonder we are descending down the hill as nation.

2 Likes

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by vedaxcool(m): 8:24pm On Aug 04, 2021
[s]
optimistic0001:
You are so blind and backward in reasoning, is this project the first the present govt will reverse without due process?

When Jonathan set up the sovereign wealth fund, you all came for his head, that same sovereign wealth fund has become cash cow for the present govt, and Buhari want to put hand inside and take away $200 million.

Instead of reviewing the project upward, the present govt is reviewing it downwards to half of the initial megawatts awarded by PDP just because of $1 billion, that they now have to pay $200 million for damages.

Falana is a lawyer, so because he is a Nigerian, he should watch the Nigerian government treat a company bad right? You seriously don't have a point.

[/s]

You simply are too ignorant to have any meaningful discussion with me.
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Abeos(m): 8:33pm On Aug 04, 2021
Capacity reduced by 50% but the cost reduced by merely 20%?

1 Like

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by wildernessVoice: 8:39pm On Aug 04, 2021
vedaxcool:


grin you have left P&ID scam and now touting sunrise? a problem created by your beloved PDthieves? lolz grin grin grin grin

This Judgement once again reminds us of the demonic party, PDP. The contract was awarded without FEC under the Obasanjo, the new lord of Ipob thugs and wailing touts. Femi Falana is the one providing legal services to sunrise company. The same hopeless money hungry hedoist will tomorrow complain about poverty that he is part of the people deepening its reach.

Why blame PDP.
The present administration in 2017 terminate the contract instead of regularizing the lapses in the initial agreement with Sunrise Power Coy Ltd. They re awarded the contract without taking cognizance of the breach in the initial agreement now a whopping $200m shall be paid as compensation in a country that's borrowing for virtually all her financial obligations.
Our Mumu don do

1 Like

Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by vedaxcool(m): 9:48pm On Aug 04, 2021
[s]
wildernessVoice:


Why blame PDP.
The present administration in 2017 terminate the contract instead of regularizing the lapses in the initial agreement with Sunrise Power Coy Ltd. They re awarded the contract without taking cognizance of the breach in the initial agreement now a whopping $200m shall be paid as compensation in a country that's borrowing for virtually all her financial obligations.
Our Mumu don do
[/s]

We should blame you then.
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by stonemasonn: 9:58pm On Aug 04, 2021
vedaxcool:


grin you have left P&ID scam and now touting sunrise? a problem created by your beloved PDthieves? lolz grin grin grin grin

This Judgement once again reminds us of the demonic party, PDP. The contract was awarded without FEC under the Obasanjo, the new lord of Ipob thugs and wailing touts. Femi Falana is the one providing legal services to sunrise company. The same hopeless money hungry hedoist will tomorrow complain about poverty that he is part of the people deepening its reach.
OBJ and Falana are better than your hideous Buhari and Malami.....tueeh
Re: Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm by Yankee101: 10:54pm On Aug 04, 2021
Is Malami behind this?

He likes this kind of deals for the cuts he gets


Why should you be subject to an external court?

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