Designed To Fail: Inside Nigeria's controversial contract with P&ID

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Nine years on, that agreement now forms the basis of the humongous $9.6 billion award against Nigeria, following arbitration and lawsuit in London. That award is worth more than the country expects in development assistance from Germany to fix Nigeria’s troubled electricity sector, ironically one infrastructural problem Mr Quinn had set his “persuasive case” on during his 2008 meeting with late Mr Yar’Adua.

But despite its promises, at least in the proposal, the agreement was signed without the usual publicity that follows government plans to improve infrastructure and solve a critical problem such as gas flaring.“Should these extraordinary benefits meant to accrue to the country not have elicited publicity on the day the deal was sealed?”, Segun Adeniyi, the spokesperson for late Mr Yar’adua, queried in an article.

The parties set a 20-year duration but the facilities were to be in two phases. In the first phase set for the last quarter of 2011, 150 million standard cubic feet of wet gas was to be processed per day. The remaining 250 million standard cubic feet of gas would be for the second phase planned for the third quarter of 2012.

But in the minority verdict, Bayo Ojo, a former justice minister who was nominated by Nigeria to be on the arbitration panel, put the award against Nigeria at $250 million. He said not building the facilities by the company was also a factor in Nigeria’s failure to supply the wet gas. In Mr. Quinn’s own statement obtained by PREMIUM TIMES, Addax, during a November 13, 2009, meeting chaired by Tijani Ibrahim, then a technical adviser to the ministry of petroleum resources, only indicated willingness to make available 100 million standard cubic feet of wet gas out of 168 million they then flared per day.

Also, the exact content of the gas expected from Addax was not provided, Mr Quinn said, casting doubts over the commercial side of the project.

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