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Nigeria Allowed to Appeal Against U.S.$9.6 Billion Asset Seizure

A British court has allowed the Nigerian government to appeal against a ruling that would have allowed an Irish firm to seize assets worth U.S.$9.6 billion. Last month an arbitration court ruled that a gas company founded by two Irish businessmen was entitled to take the assets from the Nigerian government as compensation for losses related to an aborted gas-processing project.

Nigeria: Nigeria Optimistic of Setting Aside 9.6bn Judgment Debt - Lai Mohammed

Vanguard, 27 September 2019

The Minister of Information and Culture, Alhaji Lai Mohammed has expressed optimism that the entire arbitration decisions and judgment debt of N9.6 billion against Nigeria by a UK… Read more »
Nigeria: UK Court Allows Nigeria to Appeal $9.6 Billion Judgment

Daily Trust, 27 September 2019

The Commercial Court in London, United Kingdom, yesterday granted Nigeria's request to stay execution of a judgment which favoured Process and Industrial Developments (P&ID) to… Read more »
Nigeria: At UN General Assembly, Buhari Flays P&ID

Leadership, 25 September 2019

President Muhammadu Buhari yesterday broke his silence on the controversial Process and Industrial Development Limited (P&ID) gas project and the curious $9.6billion judgement… Read more »
Nigeria: What Buhari Told UNGA About P&ID, Palestine, Social Media

Premium Times, 24 September 2019

President Muhammadu Buhari on Tuesday addressed the United Nations General Assembly (UNGA) where he spoke about climate change, the P&ID scandal, Palestinian land and other… Read more »

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(file photo).

Nigeria: UK Court Orders Stay of Execution On U.S.$9.6 Billion Judgement

Leadership, 27 September 2019

Nigeria has won the first round of the legal battle to stop the execution of the $9.6billion judgement debt imposed on her by a commercial court in the United Kingdom (UK). Read more »
Nigeria: P&ID Contract Scandal - Nigeria Secures 'Stay of Execution' On $9bn Judgement

Premium Times, 26 September 2019

The UK Commercial Court has granted the Nigerian government's application for a 'stay of execution' of a judgement debt. Read more »
Nigeria: UK Grants Nigeria Leave to Appeal $9.6bn P&ID Award

Vanguard, 26 September 2019

The United Kingdom Commercial and Arbitration Court has granted Nigeria leave to appeal against $9.6 billion awards in favour of Process and Industrial Development Limited… Read more »
Nigeria: P&ID Award - We Will Not Succumb - Malami

Daily Trust, 26 September 2019

Attorney-General and Minister of Justice, Abubakar Malami, has vowed that Nigeria would not succumb to the P&ID arbitration award even if Thursday's judgement to enforce the… Read more »
Nigeria: $9.6bn P&ID Judgement - Nigeria Is Paying a Heavy Price for Lawlessness

Vanguard, 26 September 2019

Some Nigerians, out of sheer sentimental or romantic patriotism,condemned the recent decision of an English judge, Mr Justice Christopher Butcher, to uphold the arbitral award of… Read more »
Nigeria: Nigeria Seeks Extradition of P&ID Founder's Son, Co-Founder for Trial

This Day, 26 September 2019

Nigeria has launched a bid for the extradition of the co-founder of an Irish firm, Process & Industrial Developments, Mr. Brendan Cahill and son of the founder, Mr. Adam Quinn,… Read more »
Nigeria: $9.6bn Judgment Debt - Court Admits Former Director to N10 Million Bail

This Day, 26 September 2019

Justice Olukayode Adeniyi of a High Court of the Federal Capital Territory yesterday admitted to bail in the sum of N10 million, a former Director of Legal Services in the Ministry… Read more »
Nigeria: P&ID's $9.6bn Scam - Magu May Be Axed

Vanguard, 26 September 2019

Despite exposing the suspects in the botched Process and Industrial Development gas processing and supply contract, the Economic and Financial Crimes Commission (EFCC) Chairman,… Read more »

InFocus

Suspects in Nigeria's Failed Gas Project Deal Plead Guilty

Two representatives of a UK company have pleaded guilty to charges of fraud and tax evasion levelled against them by the government in respect of the failed contract that led to a ... Read more »
- Nigeria: P&ID Scandal: Court Grants Bail to Former Petroleum Ministry Director
- Nigeria: Nigerian Delegation Departs to UK Over $6.9bn Judgment Debt - Malami
Nigeria Fights To Keep Assets From Seizure in Gas Project Row

The Nigerian government will open an investigation after a UK court paved the way for a private firm to seize more than U.S.$9 billion in government assets over a failed gas deal. ... Read more »
- Nigeria: How Govt Got Hit With a $9.6 Billion Judgment Debt in London
- Nigeria: $9.6bn UK Judgement - Due Diligence Followed in Case Defence - Govt
Did Former Chief Justice Aid UK Firm to 'Fleece' Nigeria Govt?

A key legal argument used by British firm P&ID Limited in securing a claim of U.S.$9.6 billion against Nigeria, was allegedly provided by former Chief Justice of Nigeria, Alfa ... Read more »
- Nigeria: We'll Spare Nobody in U.S.$9.6 Billion P&ID Failed Deal - Malami
- Nigeria: How Former Chief Justice Helped UK Firm Win U.S.$9.6 Billion Judgment Against Govt

InFocus

Nigeria Allowed to Appeal Against U.S.$9.6 Billion Asset Seizure

InFocus

Suspects in Nigeria's Failed Gas Project Deal Plead Guilty

Nigeria Fights To Keep Assets From Seizure in Gas Project Row

Did Former Chief Justice Aid UK Firm to 'Fleece' Nigeria Govt?

InFocus

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