A United Kingdom Commercial and Arbitration Court, has ordered a stay of execution of the $9.6billion damages secured against Nigeria by Process and Industrial Developments (P&ID), a company on the British Virgin Islands.
ORIENTAL TIMES reports that the UK Court asked the Nigerian government to make a “Security Payment” of $200 million to the court.
ORIENTAL TIMES also understands that the British Court also granted Nigeria’s leave to file an appeal against the award.
The ruling is coming after P&ID secured the damages against Nigeria following a failed Gas Supply Project Agreement (GSPA) contract between it and the Federal Ministry of Petroleum Resources.
A brief by Abubakar Malami(SAN), the Attorney-General of the Federation and Minister of Justice, from London, said: “Stay of execution granted subject to payment of $200m security payment to court pending the determination of the appeal the leave for which has been granted by the commercial court.
“Application for leave to appeal against the award and enforcement of the award is granted.”
BREAKING: Nigeria Records 10 New Cases Of Coronavirus, Total Now 224
The Nigeria Centre for Disease Control(NCDC) on Sunday confirmed 10 new cases of coronavirus.
Six cases were confirmed in Lagos, two cases confirmed in the FCT, two in Edo.
Two new deaths have been recorded in Lagos and Edo State with 27 patients discharged.
As at 11:15 am 5th April there are 224 confirmed cases of #COVID19 reported in Nigeria.
Twenty-seven have been discharged with five deaths.
Three Nigerians Die Of Coronavirus In US
The Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, has confirmed the death of three Nigerians from the coronavirus disease (COVID-19) in the United States.
Okoyen made the announcement in a statement in New York on Saturday evening.
He said one of them, a doctor from Abia, contracted the virus while on duty in New York, the epicentre of the pandemic in the U.S.
The envoy identified the second person as 25-year-old Bassey Offiong, a final year Chemical Engineering student of Western Michigan University whose case has been reported by the Nigerian media.
Okoyen said: “It is regrettable to announce that three Nigerians have died of COVID-19 in the United States of America.
“The first case was a 60-year-old lady, Hajia Laila Abubakar Ali of Kano descent, who died on March 25, while receiving treatment at the Lincoln Hospital in the Bronx, New York.
“Secondly, 25-year-old Bassey Offiong from Calabar, a final year Chemical Engineering student of Western Michigan University, Kalamazoo, died on Saturday, March 28, at Beaumont Hospital in Royal Oak.
“Unfortunately, the last case was a medical practitioner, Dr Caleb Anya, from Ohafia in Abia State.
“He died while rendering service to humanity on the forefront of the battle against the COVID-19 pandemic in New York on April 1.
“On behalf of the Consulate General of Nigeria in New York, I wish to extend our condolences to the families of the deceased Nigerians in this tragic circumstance.’’
The consul general saluted the sacrifice of medical personnel and other essential workers risking their lives on the frontline to save others.
“We are particularly very proud of Nigerian medical professionals in the USA who form part of the incredible workforce in the service of humanity at this time,’’ he added.
BREAKING: Nigeria Records Five New COVID-19 Cases, Total Now 214
The Nigeria Centre for Disease Control (NCDC) has reported five new cases of coronavirus in the country, taking the total number of infections to 214.
According to NCDC, “Five new cases of #COVID19 have been reported in Nigeria: three in Bauchi and two in the FCT, Abuja.
As at 10:10 pm 4th April there are 214 confirmed cases of #COVID19 reported in Nigeria. Twenty-five have been discharged with two deaths”
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