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Nigeria Challenges UK's Court Asset Seizure Ruling

Nigeria has appealed against a London court ruling which asked that a U.S.$200 million security payment be made into its account within 60 days to prevent a firm from beginning to seize the country's assets worth U.S.$9.6 billion. The firm had sued the Nigerian government for breaching the agreement by failing to provide the gas or install the promised pipelines in Calabar.

Nigeria: Govt Rejigs Strategy, Moves to Quash P&ID Contract, $9.6bn Award

This Day, 21 November 2019

The federal government has taken fresh steps to set aside the entire $9.6 billion arbitral award a British arbitration panel granted a British Islands company, Process and… Read more »

Photo: Pixabay

(file photo).

Nigeria: Amcon Takes Possession of Ex-Minister's Assets Over N1 Billion Debt

This Day, 19 November 2019

The Asset Management Corporation of Nigeria (AMCON) has taken over some assets belonging to a former Minister of State for Defence, Demola Seriki for debts amounting to N1 billion. Read more »
Nigeria: Alleged P&ID Scam - Court Refuses to Grant Adjournment in Trial of Briton

Vanguard, 20 November 2019

Justice Okon Abang of the Federal High Court, Abuja, on Wednesday, overruled the British national, James Nolan, on his application for an adjournment over the inability of his… Read more »

InFocus

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 ... Read more »
- Nigeria: Nigeria Optimistic of Setting Aside 9.6bn Judgment Debt - Lai Mohammed
- Nigeria: UK Court Allows Nigeria to Appeal $9.6 Billion Judgment
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
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

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