Failed Gas Project Case - Nigeria Pays U.S.$200M Bond To UK Court
The Nigerian government wants to stop a company Process and Industrial Development from seizing U.S.$9 billion worth of assets from the country, and the payment is part of the process.
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 ... Read more »
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 »
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 »
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 »