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Nigeria: $9.6bn P&ID Case - Nigeria Secures Major Victory in UK Court
Vanguard, 5 September 2020
The Commercial Court of England, on Friday, granted the Federal Government of Nigeria leave to challenge the $9.6billion arbitrary award to Process and Industrial Developments… Read more »
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Nigeria: Buhari Hails Verdict On $10bn P&ID Contract Suit
Leadership, 5 September 2020
The Presidency has applauded the judgment by the UK Court granting Nigeria's application for an extension of time and relief from sanctions in a $10 billion arbitration case with… Read more »
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Nigeria: Hopefully Nigeria Will Get Justice At London Court
Daily Trust, 7 September 2020
We welcome the ruling by a London Court to grant Nigeria reprieve to appeal the $9bn judgement debt that the country allegedly owes Process and Industrial Development, P&ID.… Read more »
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Nigeria: P&ID - Presidency Welcomes UK Judgment, Vows to Protect Nigeria's Assets From Criminals
Vanguard, 5 September 2020
The Presidency has welcomed the judgment by the UK Court granting Nigeria's application for an extension of time and relief from sanctions in a $10 billion arbitration case with… Read more »
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Nigeria: P&ID Scandal - Magu Deserves Praise, Not Ill-Treatment - Lawyer
Premium Times, 6 September 2020
Wahab Shittu, the counsel to the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, said the Friday ruling by a British commercial… Read more »
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Nigeria: P&ID Saga - UK Court Verdict, Victory for Magu, Says Shittu
This Day, 7 September 2020
Counsel to the suspended Chairman of the Economic and Financial Crimes Commission, (EFCC), Mr. Wahab Shittu, said the decision of the English court that gave judgment in favour of… Read more »
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Nigeria: P&ID Case - $301m Used for Underhand Dealings, Says Malami
This Day, 7 September 2020
The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), has alleged that ongoing investigation has revealed that about $301 million was given as… Read more »
Nigeria Given Go Ahead to Challenge $9.6 Billion Gas Project Row
The Commercial Court of England has granted Nigeria more time to appeal against the arbitration award and to investigate further what it alleges is fraud by Process & Industrial Developments (P&ID) and past government officials. The contract fell through and the firm took the government to a UK court, suing them for U.S.$9 billion - a case that they won and the Nigerian government were ordered to pay U.S.$6 billion.
InFocus
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Irish firm Process and Development (P&ID), is a gas firm that allegedly procured a contract with the Nigerian government of late President Umaru Yar'Adua, to build gas supply ... Read more »
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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 ... Read more »
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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 »
