TY Danjuma's company sues P&ID for gas project in Nigeria
Tita-Kuru Petrochemicals Limited, a company owned by former Nigerian Defense Minister Theophilius Danjuma, is suing controversial British Virgin Islands engineering company, Process and Industrial Development (P&ID), over contract disputes.
Previously unpublished court documents seen by Bloomberg show that Mr. Danjuma's company, Tita-Kuru Petrochemicals Limited, is suing the company at the center of a high-stakes lawsuit in London over an $11 billion arbitration award. dollars, on the design of the facilities.
An arbitral tribunal in London, UK, held Nigeria liable for alleged breach of a gas supply processing agreement (GSPA) it entered into with P&ID in 2010. In 2017 , a British court ordered the Nigerian government to pay P&ID $6.6 billion in damages.
In August 2019, the UK Business and Property Courts granted P&ID an injunction allowing the company to enforce the then $9.6 billion arbitration award.
But Nigeria fought an aggressive legal battle to stop enforcement on the basis that the GPSA leading to the arbitral award was fraudulent.
The country's anti-corruption agency has also launched investigations exposing foreign and Nigerian actors involved in the company's activities, as well as federal government officials who allegedly took bribes to sign the Fraudulent Deal Leading to Huge $9.6 Billion Judgment.
In 2020, Tita-Kuru Petrochemicals Ltd. of Mr. Danjuma has filed its own arbitration claim against P&ID in London. According to a filing in a UK court in February, the company alleged its designs were "unlawfully misappropriated" to secure the gas contract.
"P&ID strongly denies illegally diverting anything from Tita-Kuru," the company's majority shareholder, Seamus Andrew, told Bloomberg via email, while Mr. Danjuma declined to comment.
Tita-Kuru and P&ID, a company registered in the British Virgin Islands, worked together from 2006 on an unsuccessful project to build a gas processing plant. In 2019, Mr. Danjuma's company claimed that P&ID presented work that cost Tita-Kuru $40 million to win his government deal.
The Nigerian government is currently preparing for a trial in London in January, in which it will prove that P&ID obtained the gas supply contract and the arbitration award through bribes and lies.
P&ID has denied all allegations of wrongdoing, accusing the Nigerian government of evading its legal obligation to pay him compensation.
The company argued that although P&ID had the right to use the design work paid for by Tita-Kuru for the facility it intended to build under the government contract, the most plans were ultimately "unnecessary".
Earlier this month, the Nigerian government said P&ID had used the same manual to settle the country's cash settlement. The government has also launched new fraud allegations against the company ahead of the London trial next year.
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Tita-Kuru Petrochemicals Limited, a company owned by former Nigerian Defense Minister Theophilius Danjuma, is suing controversial British Virgin Islands engineering company, Process and Industrial Development (P&ID), over contract disputes.
Previously unpublished court documents seen by Bloomberg show that Mr. Danjuma's company, Tita-Kuru Petrochemicals Limited, is suing the company at the center of a high-stakes lawsuit in London over an $11 billion arbitration award. dollars, on the design of the facilities.
An arbitral tribunal in London, UK, held Nigeria liable for alleged breach of a gas supply processing agreement (GSPA) it entered into with P&ID in 2010. In 2017 , a British court ordered the Nigerian government to pay P&ID $6.6 billion in damages.
In August 2019, the UK Business and Property Courts granted P&ID an injunction allowing the company to enforce the then $9.6 billion arbitration award.
But Nigeria fought an aggressive legal battle to stop enforcement on the basis that the GPSA leading to the arbitral award was fraudulent.
The country's anti-corruption agency has also launched investigations exposing foreign and Nigerian actors involved in the company's activities, as well as federal government officials who allegedly took bribes to sign the Fraudulent Deal Leading to Huge $9.6 Billion Judgment.
In 2020, Tita-Kuru Petrochemicals Ltd. of Mr. Danjuma has filed its own arbitration claim against P&ID in London. According to a filing in a UK court in February, the company alleged its designs were "unlawfully misappropriated" to secure the gas contract.
"P&ID strongly denies illegally diverting anything from Tita-Kuru," the company's majority shareholder, Seamus Andrew, told Bloomberg via email, while Mr. Danjuma declined to comment.
Tita-Kuru and P&ID, a company registered in the British Virgin Islands, worked together from 2006 on an unsuccessful project to build a gas processing plant. In 2019, Mr. Danjuma's company claimed that P&ID presented work that cost Tita-Kuru $40 million to win his government deal.
The Nigerian government is currently preparing for a trial in London in January, in which it will prove that P&ID obtained the gas supply contract and the arbitration award through bribes and lies.
P&ID has denied all allegations of wrongdoing, accusing the Nigerian government of evading its legal obligation to pay him compensation.
The company argued that although P&ID had the right to use the design work paid for by Tita-Kuru for the facility it intended to build under the government contract, the most plans were ultimately "unnecessary".
Earlier this month, the Nigerian government said P&ID had used the same manual to settle the country's cash settlement. The government has also launched new fraud allegations against the company ahead of the London trial next year.
Support the integrity and credibility journalism of PREMIUM TIMES Good journalism costs a lot of money. Yet only good journalism can guarantee the possibility of a good society, an accountable democracy and a transparent government. For free and continued access to the best investigative journalism in the country, we ask that you consider providing modest support to this noble endeavour. By contributing to PREMIUM TIMES, you help sustain relevant journalism and keep it free and accessible to everyone.Donate
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