Nigeria: $9.6 Judgement Debt - Court Orders Forfeiture of P&ID's Assets

19 September 2019

Abuja — Justice Inyang Ekwo of the Federal High Court, Abuja on Thursday ordered the forfeiture of assets belonging to Process and Industrial Development (P&ID) limited to the federal government.

The order of forfeiture was made following the conviction of the firms on an 11 count charge bordering on economic sabotage, money laundering, tax evasion amongst others preffered against them by the federal government.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.