{"id":229279,"date":"2022-11-18T10:40:25","date_gmt":"2022-11-18T09:40:25","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=229279"},"modified":"2022-11-18T10:40:25","modified_gmt":"2022-11-18T09:40:25","slug":"ty-danjumas-firm-sues-pid-over-nigeria-gas-project","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/11\/18\/ty-danjumas-firm-sues-pid-over-nigeria-gas-project\/","title":{"rendered":"TY Danjuma\u2019s firm sues P&ID over Nigeria gas project"},"content":{"rendered":"

Tita-Kuru Petrochemicals Limited, a firm owned by a former Nigerian defense minister, Theophilius Danjuma, is suing controversial British Virgin Island engineering firm, Process and Industrial Development (P&ID), over contractual disputes.<\/p>\n

Previously unreported court documents seen by Bloomberg show that Mr Danjuma\u2019s firm, Tita-Kuru Petrochemicals Limited, is suing the company at the center of a high-stakes London trial concerning an $11 billion arbitration award, over facility designs.<\/p>\n

An arbitration tribunal in London, the United Kingdom, had held Nigeria liable for the alleged breach of a Gas Supply Processing Agreement (GSPA) it entered into with P&ID in 2010. In 2017, a UK tribunal ordered the Nigerian government to pay P&ID $6.6 billion in damages.<\/p>\n

In August 2019, the United Kingdom\u2019s Business & Property Courts granted P&ID an order permitting the firm to enforce the arbitral award which had then risen to $9.6 billion.<\/p>\n

But Nigeria mounted an aggressive legal battle to stop the enforcement of the judgement on the premise that the GPSA leading to the arbitral award was fraudulent.<\/p>\n

The nation\u2019s anti-graft agency equally launched investigations exposing foreign and Nigerian players involved in the activities of the firm, as well as federal government officials who allegedly took bribes to sign the fraudulent agreement leading to the humongous $9.6 billion judgement.<\/p>\n

In 2020, Mr Danjuma\u2019s Tita-Kuru Petrochemicals Ltd. brought its own arbitration claim against P&ID in London. According to a filing to a UK court in February, the company alleged that its designs had been \u201cunlawfully misappropriated\u201d to secure the gas contract.<\/p>\n

\u201cP&ID firmly denies that it unlawfully misappropriated anything from Tita-Kuru,\u201d the company\u2019s majority shareholder, Seamus Andrew, told Bloomberg by email while Mr Danjuma declined to comment.<\/p>\n

Tita-Kuru and British Virgin Islands-registered P&ID worked together from 2006 on an unsuccessful project to build a gas-processing plant. In 2019, Mr Danjuma\u2019s firm claimed that P&ID presented work that cost Tita-Kuru $40 million to win its deal with the government.<\/p>\n

The Nigerian government is now preparing for a London trial in January, wherein it will prove that P&ID secured the gas-supply contract and arbitration award through bribes<\/a> and lies.<\/p>\n

P&ID has denied all allegations of wrongdoing, accusing the Nigerian government of evading its legal obligation to pay it compensation.<\/p>\n

The company argued that while P&ID was entitled to use the design work paid for by Tita-Kuru for the facility it intended to build under the contract with the government, most of the plans ultimately were \u201cnot required\u201d.<\/p>\n

Earlier in the month, the Nigerian government said P&ID used the same playbook to net cash settlement from the country. The government also leveled fresh claims of fraud against the company ahead of the London trial next year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tita-Kuru Petrochemicals Limited, a firm owned by a former Nigerian defense minister, Theophilius Danjuma, is suing controversial British Virgin Island engineering firm, Process and Industrial Development (P&ID), over contractual disputes. Previously unreported court documents seen by Bloomberg show that Mr Danjuma\u2019s firm, Tita-Kuru Petrochemicals Limited, is suing the company at the center of a high-stakes […]<\/p>\n","protected":false},"author":13,"featured_media":229280,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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