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Inter Ocean Oil: Again, Nigeria Earns Victory

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_FG Relieved of $1.5b liability, Gains $660K Arbitration Coast_

The US-Based International Centre for Settlement of Investment Dispute headed by Professor William Park ordered InterOcean to pay the Federal Government of Nigeria Six-hundred and sixty thousand one hundred and twenty nine United State Dollars and eighty seven cents (USD 660,129.87) as reimbursement of its share of the arbitration costs incurred in the proceedings.

The Tribunal also absolves the Federal Government of Nigeria from any liability maintaining that Nigeria did not breach any of its obligations in the contract agreement with Interocean Development Company and Interocean Oil Exploration Company.

This is contained in a Statement issued by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney General of the Federation and Minister of Justice which was made available to newsmen in Abuja on Wednesday 7th day of October, 2020.

The oil companies that has among its legal team, Mr. Olasupo Shasore, SAN requested, among others, relief from the Tribunal directing the Federal Government of Nigeria, its relevant privies and instrumentalities to pay aggravated damages in an amount to be proven during these arbitral proceedings which the Claimants estimate at being in excess of US$ 1.5 Billion (One Billion Five hundred Million United States Dollars).

According to the statement the judgment which was delivered yesterday, the Tribunal finds that the Federal of Government of Nigeria has not breached its obligations toward Claimants under Nigerian law or under international law.

“The Tribunal finds no liability on the part of Respondent in connection with Claimants’ loss of control over their investment, Pan Ocean,” the Judgment reads in part.
Commenting on the development, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami,SAN described the judgment as an addition to the multiple success stories recorded in international litigations by the Federal Ministry of Justice.

Malami who renewed commitment to patriotically and relentlessly discharge his constitutional mandates in the best interest of the nation and general public said gone was such an era of connivance to deprive the nation of its resources for gratifying ulterior motives of vested interest at the expense of the Nigeria populace.

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Sultan of Sokoto Urges Nigerians to Stop Criticizing Leaders and Allow God to Deal With Them

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Sultan Muhammad Saad Abubakar

 

Nigerians have been urged to desist from castigating their leaders and all those in authority.

This call was made to Nigerians by the Sultan of Sokoto, Alhaji Sa’ad Abubakar III on Monday at the the Regional Conference on Climate Change-Induced Conflicts in Northern Nigeria hosted in Kaduna.

According to the Sultan, it is important that Nigerians rather than insult their leaders, they should allow God to really with them.

He also urgee Nigerians to contibue praying for their keaders and tne nation as a whole.

He further called on religious leadera accros Nigeria to quit misleadinh members of ghwir congregation.

“A lot of people say we have never had it so bad, but no matter how difficult it is, ease will come. We believe nothing lasts forever.

“Nothing bad and nothing good lasts forever. Let us intensify prayers in our congregations and encourage our followers to pray for our leaders.

“We will not castigate them; we will allow Almighty Allah to deal with them as He wishes and He will,” the Sultan notes.

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Arewa APC Merger Group Hails President Tinubu for Release of Detained minors

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The Arewa APC Merger Group has thanked President Bola Tinubu for his swift and compassionate response in ordering the release of detained minors involved in the #EndBadGovernance protests.

In a statement signed by National Coordinator Hon. Musa Mujahid Zaitawa in Abuja, the group expressed gratitude for the President’s decisive action, which has brought renewed hope to many Nigerians.

The group commended President Tinubu for showing strong leadership on the issue, noting that his actions demonstrate a commitment to justice and the well-being of Nigeria’s youth.

They emphasized that this move reassures citizens of the President’s dedication to fairness and the protection of human rights under his administration.

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The release order from President Tinubu came after the Arewa APC Merger Group took substantial steps to advocate for the detained children.

In response to reports of mistreatment, including allegations of malnutrition and poor conditions, the group provided essential food and support to the minors both at the Federal High Court in Abuja and while in custody.

This effort underscored the group’s commitment to the welfare of young Nigerians and their resolve to seek justice.

Hon. Musa Mujahid Zaitawa stated that the group is encouraged by the President’s response and considers it a positive signal of his administration’s commitment to addressing national issues with compassion and responsibility.

The Arewa APC Merger Group remains hopeful that this action will set a precedent for prioritizing the rights and well-being of Nigeria’s youth across the country.

President Tinubu’s decision to release the children reflects his administration’s acknowledgment of the calls from various stakeholders to uphold justice and safeguard the future of young Nigerians.

The Arewa APC Merger Group expressed their appreciation for this significant step, which they believe will strengthen public confidence in the government’s dedication to the rights of all citizens.

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Breaking: Court Drops Charges Against Minors

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The Federal High Court in Abuja on Tuesday struck out the charges brought against a total of 119 #EndBadGovernance protesters.

All 119 protesters were arraigned on Friday, November 1 on charges bordering on Treason felony, inciting to mutiny, among others.

The defendants were arraigned in two batches at the previous proceeding.

The first batch comprised a total of 76 protesters which included 32 minors and the second batch a total of 43 protesters.

The trial judge, Justice Obiora Egwuatu, struck out the suit following an application by the counsel to the Attorney General of the Federation, M. D Abubakar, to take over and discontinue the matter.

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