Author: Chief Editor

Ole Gunnar Solskjaer insists Manchester United are “improving and evolving” despite a lacklustre start to the season. United host Arsenal on Monday – a fellow Premier League heavyweight who have experienced mixed fortunes of late, albeit in far more entertaining fashion. Solskjaer’s men are finding goals hard to come by and have not scored more than once in all competitions since their opening weekend 4-0 triumph against Chelsea. Anthony Martial and Marcus Rashford suffering respective thigh and groin problems has compounded matters, while Paul Pogba could also miss the Arsenal game after suffering an ankle setback on his return against…

Says jurist desperate to enforce P&ID’s arbitral award The federal government has called for a probe of Justice Christopher Butcher of the London Commercial Court hearing the dispute between Nigeria and an Irish-owned firm registered in British Virgin Island, Process and Industrial Developments (P&ID), over a failed gas project that went into arbitration with $9.6 billion claim against the country. Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, who is part of the Nigerian delegation to the court session yesterday, told ARISE NEWS, a sister broadcast arm of THISDAY Newspapers, in an interview in London…

Obtains order staying enforcement of P&ID arbitral award Gets 60 days to pay $200m deposit to court The battle between Nigeria and Process and Industrial Developments (P&ID) over the bid to stop the company from attaching the country’s assets to recoup the $9.6 billion arbitral claim it secured last month, is set to shift to the United Kingdom Appeal Court. The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), Thursday signified the intention of the federal government to head to the UK Appeal Court shortly after the UK Commercial Court ordered a stay of execution of…

FIRMS linked to Irish firm Process and Industries Developments (P&ID) withdrew $700,00 cash at once in breach of Nigeria’s financial law, the Economic and Financial Crimes Commission (EFCC) has uncovered. Nigerian prosecutors are probing payments through Allied Irish Banks Plc to unravel who received what and how as they close in on individuals and companies behind the P&ID $9.6 billion failed contract. The EFCC has expanded its probe into the deal by making formal requests for assistance from Irish law enforcement and the United Kingdom’s National Crime Agency. The prosecutors said they had evidence of two bank transfers totaling $20,000…

President Muhammadu Buhari has disclosed that Nigeria lost an estimated 157.5 billion dollars to illicit financial flows between 2003 and 2012. The president’s spokesman, Mr Femi Adesina, said Buhari disclosed this in an address to the High-Level National Side-Event organised by the African Union Development Agency and New Partnership for Africa’s Development (AUDA-NEPAD). The event was also organised in collaboration with the Economic and Financial Crimes Commission (EFCC) on Wednesday in New York, on the margins of the 74th United Nations General Assembly. The theme of the event was “Promotion of International Cooperation to Combat Illicit Financial Flows and Strengthen…

That the recent announcement of the proposed increase in the Value Added Tax rate from five per cent to seven-and-half per cent is generating ripples and knocks is not unexpected. The concern of those opposed to the increase, including this writer, does not only border on the rate of the increase (which is 50%), but also on the justification given by government for its proposal. If the  idea of raising VAT, according to reports, is for the states to be able to pay the new minimum wage, then government at all tiers, must be advised to start to curb waste…

Jide Ojo Information garnered from the website of the United Nations says “All 193 Member States of the Organisation are represented in the General Assembly – one of the six main organs of the UN – to discuss and work together on a wide array of international issues covered by the Charter of the United Nations, such as development, peace and security, international law, etc. Every year in September, all the Members meet in this unique forum at Headquarters in New York for the General Assembly session.” The theme for the 74th session of the UN General Assembly is “Galvanising…

Joel Nwokeoma  “After realising that the government was not ready to stop the killing of our people by these two groups, we decided to pay back with reprisals. From that day, we decided to kill at least 50 people whenever one of us was killed” –Hassan Dantawaye, commander of bandits in Zamfara State, The PUNCH, August 17, 2019. Certain things happen in Nigeria that will make any sane person to shudder with incredulity. Sadly, they happen in such a disturbing rapidity that makes the country look like one huge Theatre of the absurd. Take the case of what is unfolding before our…

•Urges developed nations to help Africa grow Nigeria yesterday took the battle to quash the bid by Process and Industrial Development (P&ID) to claim the $9.6 billion arbitral award a London commercial court affirmed for it as future earnings it lost over an alleged breach of a Gas Supply and Processing Agreement (GSPA) between the two parties, to the world stage. President Muhammadu Buhari, in his speech at the United Nations, described the arbitral award of $6.5 billion to P&ID, which due to interest accretion has now risen to $9.6 billion as at the last calculation, as a scam…

Jurgen Klopp wants former Liverpool captain Steven Gerrard to succeed him as manager at Anfield. Gerrard took up a youth coaching role with the Reds in January 2017, having retired from playing the year before following a short spell with LA Galaxy. The 39-year-old then secured his first senior management post in May last year when he replaced Graeme Murty at Rangers, and he has impressed during his time in Scotland. Klopp, who steered Liverpool to Champions League glory and second place in the Premier League last term, has a contract with the club until 2022 and has no immediate…