November 29, 2019

Peace

Let’s Forgive And Save Air Peace

The report of last weekend’s indictment of Mr Allen Onyema, chairman of Air Peace airlines by the US Department of Justice in the Northern District of Columbia came as a shock to me as it did to many other Nigerians. To say I am sad  would be an understatement. I tried valiantly to understand the indictment. The claim was that Onyema laundered over $20 million from Nigeria through the United States bank accounts in a scheme involving false documents on his purchase of aero planes that are yet to be delivered.  

Onyema has swiftly responded that all he did …

FG Places $200m Bank Guarantee With UK Court In P&ID Row

Nigeria has given a bank guarantee of $200 million to the United Kingdom Commercial Court hearing its dispute with a British Virgin Islands-based engineering firm, Process and Industrial Development Limited (P&ID), over a botched Gas Supply and Processing Agreement (GSPA), which the federal government believed was fraudulently procured.

But P&ID has denied any wrongdoing in the agreement it entered into with the federal government to process wet gas for the generation of electricity for the country.

In what is clearly a positive step forward for Nigeria, the United Kingdom Commercial Court presided over by Justice Butcher yesterday accepted the …