M23 SAYS HUNDREDS OF BURUNDI SOLDIERS CAPTURED IN LATEST CONGO OFFENSIVE. (PHOTO).

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 M23 says hundreds of Burundi soldiers captured in latest Congo offensive The Rwanda-backed M23 group has captured hundreds of Burundian soldiers during its latest offensive in eastern Democratic Republic of Congo, a rebel official said, as clashes continued despite a warning from the Trump administration. Last week M23 entered the strategic town of Uvira near the border with Burundi, less than a week after the presidents of Congo and Rwanda met in Washington with U.S. President Donald Trump and affirmed their commitment to a peace deal known as the Washington Accords. U.S. Secretary of State Marco Rubio said on Saturday that Rwanda's actions in eastern Congo violated the Washington Accords and vowed to "take action to ensure promises made to the President are kept". Rwanda denies supporting M23 and has blamed Congolese and Burundian forces for the renewed fighting. A United Nations group of experts report published in July said Rwanda exercised command and control over t...
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UK COURT FIXES OCT 23 FOR JUDGMENT IN P&ID'S $11BN SUIT AGAINST NIGERIA. (PHOTO).

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UK court fixes Oct 23 for judgment in P&ID’s $11bn suit against Nigeria

The Business and Property Court in London has fixed October 23 to deliver verdict in a case between the federal government of Nigeria and Process & Industrial Developments (P&ID) Ltd.

The judgment will be delivered by Robin Knowles, a judge.

P&ID had entered into an agreement with Nigeria in 2010 to build a gas processing plant in Calabar, Cross River state, but the company said the deal collapsed because the Nigerian government did not fulfill its end of the bargain.

Claiming Nigeria breached the terms of the contract, P&ID took a legal recourse and secured an arbitral award against the country.

On January 31, 2017, a tribunal ruled that Nigeria should pay P&ID $6.6 billion as damages, as well as pre-and post-judgment interest at 7 percent.

Following the judgement, Nigeria applied for an extension of time and relief from sanctions.

The application was granted by Ross Cranston, a judge of the Business and Property Courts of England and Wales, in September 2020.

Nigeria had alleged that the gas deal was a scam conceived to defraud the country.

Lawyers representing the federal government told the court that P&ID officials paid bribes to secure the contract.

But P&ID denied the allegation and accused the Nigerian government of “false allegations and wild conspiracy theories”.

WITH INTERESTS, AWARD NOW $11 BILLION

In a March trial at the court, Nigeria alleged that the contract was secured through dishonest means that included bribery and perjury and that the arbitration award, which has now risen to $11 billion because of interests, should be quashed.

In September, TheCable reported that representatives of P&ID were actively seeking negotiations with the federal government to reach an out-of-court settlement.

This development stemmed from growing indications that Nigeria might achieve a favourable outcome in its legal challenge against the arbitral award.

The lobbyists also reached out to senior officials of the ministry of justice to help pile pressure on President Bola Tinubu, who is said to believe that P&ID does not have a good case against Nigeria.


 

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