The US-Based International Centre for Settlement of Investment Dispute headed by Professor William Park ordered InterOcean to pay the Federal Government of Nigeria Six-hundred and sixty thousand one hundred and twenty nine United State Dollars and eighty seven cents (USD 660,129.87) as reimbursement of its share of the arbitration costs incurred in the proceedings.
The Tribunal also absolves the Federal Government of Nigeria from any liability maintaining that Nigeria did not breach any of its obligations in the contract agreement with Interocean Development Company and Interocean Oil Exploration Company.
This is contained in a Statement issued by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney General of the Federation and Minister of Justice which was made available to newsmen in Abuja on Wednesday 7th day of October, 2020.
The oil companies that has among its legal team, Mr. Olasupo Shasore, SAN requested, among others, relief from the Tribunal directing the Federal Government of Nigeria, its relevant privies and instrumentalities to pay aggravated damages in an amount to be proven during these arbitral proceedings which the Claimants estimate at being in excess of US$ 1.5 Billion (One Billion Five hundred Million United States Dollars).
According to the statement the judgment which was delivered yesterday, the Tribunal finds that the Federal of Government of Nigeria has not breached its obligations toward Claimants under Nigerian law or under international law.
“The Tribunal finds no liability on the part of Respondent in connection with Claimants’ loss of control over their investment, Pan Ocean,” the Judgment reads in part.
Commenting on the development, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami,SAN described the judgment as an addition to the multiple success stories recorded in international litigations by the Federal Ministry of Justice.
Malami who renewed commitment to patriotically and relentlessly discharge his constitutional mandates in the best interest of the nation and general public said gone was such an era of connivance to deprive the nation of its resources for gratifying ulterior motives of vested interest at the expense of the Nigeria populace.
I conceive you have noted some very interesting details, thanks for the post.
232778 367555Some times its a pain in the ass to read what weblog owners wrote but this internet web site is actually user genial ! . 86400
721638 315405Having been merely seeking at valuable blog articles with regard to the project research when My partner and i happened to stumble on yours. Thanks for this practical data! 816988
535749 678683A person essentially help to make seriously articles I would state. This really is the very first time I frequented your website page and thus far? I surprised with the research you created to make this specific publish incredible. Great job! 997681
170091 921163Just a smiling visitant here to share the enjoy (:, btw outstanding style . 33787
374104 48726hi was just seeing in the event you minded a comment. i like your web site and the thme you picked is awesome. I will probably be back. 384975
851581 823728Wonderful process! 446730
375932 911581Hello. Great job. I did not imagine this. This really is a great story. Thanks! You produced certain fine points there. I did a search on the subject matter and located the majority of folks will have the same opinion along with your blog. 389029
919267 6658Usually I try and get my mix of Vitamin E from pills. Whilst Id truly like to by means of a great meal program it can be rather hard to at times. 142596
380959 675676Outstanding post, I conceive men and women need to larn a good deal from this web website its really user genial . 439603
446956 368669Completely pent topic matter, appreciate it for selective details . 619157
695730 478868So funcy to see the article within this blog. Thank you for posting it 761695
636598 772091dude this just inspired a post of my own, thanks 417837
361802 35188Cheers for this exceptional. I was wondering if you were thining of writing similar posts to this 1. .Maintain up the excellent articles! 834703
615982 157305I conceive this internet web site contains some rattling fantastic info for every person : D. 563621
451997 26382I admire your function , regards for all the useful weblog posts. 20572
441217 612982Thanks for this outstanding. I was wondering whether you were preparing of writing comparable posts to this 1. .Maintain up the exceptional articles! 623752
309872 832487 I discovered your weblog website on google and check some of your early posts. Continue to maintain up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading far more from you later on! 543974
697047 626194I enjoy your writing type, do keep on writing! Ill be back! 379428
376896 311218Its amazing as your other posts : D, appreciate it for putting up. 69159
212762 191605You made some decent points there. I looked on the internet for that problem and located a lot of people will go in addition to with the web website. 162336
684933 341717Really intriguing subject , appreciate it for posting . 284270
How it affects you depends on how much you Live Chat With Women, your health, your age and other factors.
767349 962351I will right away grab your rss feed to remain up to date on any succeeding articles you may write 500887
348564 328943Ive read several good stuff here. Undoubtedly value bookmarking for revisiting. I surprise how considerably effort you put to create 1 of these outstanding informative site. 985200
200445 180468Keep websiteing stuff like this I really am fond of it 902873
605303 502960Bereken zelf uw hypotheek. Hypotheek berekenen? Maak snel een indicatieve berekening van het maximale leenbedrag van uw hypotheek. 709675
312239 339642Some genuinely nice and utilitarian information on this website, as well I believe the style has got excellent functions. 132671
You can join in the webcam chat with the girls directly with your own cam. We offer you cam chat with sound. So you have your hands free and can whisper your fantasies into the blonde free live webcams with girls ear and hear the women moaning and smacking in front of the webcam.
559303 256401Oh my goodness! a wonderful post dude. Thank you Even so I will be experiencing concern with ur rss . Dont know why Can not subscribe to it. Will there be any person acquiring identical rss difficulty? Anybody who knows kindly respond. Thnkx 546929
525813 175771Bookmarked your wonderful website. Fabulous work, distinctive way with words! 258714
Even if a real cams show can’t invest in a high-tech interactive toy, a good old fashioned dildo is a great choice. It’s as suitable for girls just starting out in their careers as it is for those who already have a solid audience.
We recommend exploring the best quotes collections: Loved Quotes From Great People