Unic Press UK: Further details of the Nigerian Government’s drive towards overturning a $9.6 billion arbitration award by a Court in favour of Process and Industrial Developments Ltd (P&ID) has emerged as PREMIUM TIMES, Nigeria, published a list containing the individuals/banks/other corporate entities, who the Government is praying a Federal Court sitting in New York for permission to subpoena information.
The record of the documents filed in a U.S. Federal Court by the attorneys for the Federal Republic of Nigeria [Alexander Pencu, a partner of Meister Seelig & Fein LLP] and the Attorney General of the Federation and Minister of Justice of Nigeria, Abubakar Malami, which the PREMIUM TIMES says it has perused, had the following on the list:
Banks: “Citibank, N.A. (“Citibank”) , Allied Irish Banks plc (“Allied Irish”), HSBC Bank USA (“HSBC”), Standard New York, Inc. (“Standard New York”), Deutsche Bank Trust Co. Americas (“Deutsche Bank”), J.P. Morgan Chase (“JPMorgan”), United Bank for Africa (“UBA”), Bank of Cyprus, Fortis Private Banking Singapore Limited (“Fortis”), and Standard Chartered International (USA) Ltd. (‘Standard Chartered”).
Companies: Process & Industrial Developments Limited; Process & Industrial Developments (Nigeria) Limited; Industrial Consultants (International) Limited; Lismore Capital Limited; VR Advisory Services Limited; VR Advisory Services (USA), LLC and VR Capital Group, Marshpearl Nigeria Limited; Kristholm Limited; Trinitron Nigeria Limited; Albion Marine Company Limited; Marshpearl Nigeria Limited; Holgate Limited; Lurgi Consults Limited; Lurgi Consults West Africa Limited; Rotary Nigeria Limited; Goidel Resources Limited and Kent Marine Limited, Ecophoenix Limited; Lir Resources Limited; Niric Nigeria Limited; Hobson Industries Limited; MICAD Project City Services Limited; Babcock Electrical Projects Limited; NWMAS Nigeria Limited; Sabiex International Limited; Robey Oil & Gas Limited; Capinero Structures Limited; Pan African Drilling Company Limited; Panceltica Nigeria Limited; Marqott Nigeria Limited; Jamisaq Development Services Limited; Dbrite Imaging Nigeria Limited; Hexing Technical Services Limited; Pinimi Limited; Primetake Limited; Armcon Limited; Defthec Limited; Marshpearl Limited and SES FTF Progress Limited; ICIL Limited; Trinity Biotech; Kore Holdings Limited; Onmipol S.A. and Eastwise Trading Limited.
Individuals: Rilwanu Lukman (deceased), former Nigerian President Goodluck Jonathan and his wife Patience Jonathan, Patience Faka Jonathan, a former Nigerian Minister of Petroleum Diezani Alison-Madueke, Allison Amaechina Madueke, Taofiq Tijani, Grace Taiga, Mohammad Kuchazi, Michael Quinn (deceased), James Nolan, Adam Quinn, and Ibrahim Dikko, a former Nigerian Justice Minister and Attorney General of the Federation, Mohammed Bello Adoke.
The $9.6 billion arbitration award in August 2019 is not payable to Process and Industrial Developments Ltd (P&ID), a UK-registered company with links to Dublin-based Industrial Consultants International, until Nigeria fully exhausts its legal battle, including the country’s ongoing appeal in the U.S. and UK courts.
