News

Nigeria records another victory as UK Court fines P&ID £1.5m

Ihesiulo Grace 11 September 2020 0

By Andrew Orolua Nigeria has recorded another landmark victory in its bid to set aside a $10 billion judgment debt awarded against her by Arbitration Panel in 2016 in favour of Process & Industrial Development (P&ID). The second victory came on Thursday as British Court issued an order

News

Victory in UK court, a huge relief, says Lai Mohammed

Ihesiulo Grace 7 September 2020 0

Minister of Information and Culture, Alhaji Lai Mohammed has said that the Friday judgment of a UK Commercial Court suspending the execution of a 9.6 billion dollar judgment debt against Nigeria is “a huge relief ”. The Minister, who spoke in Abuja at the weekend, said the court decision “is a big victory and Nigeria […]

News

UK court to consider Nigeria’s challenge on P&ID’s $10bn award

Ihesiulo Grace 5 September 2020 0

By Andrew Orolua The Federal Government has been granted permission by the Business and Property Courts of England and Wales to file documents it considers necessary to prove that the Process and Industrial Development (P&ID)’s contract which led to the award of $6.6billion damages in 2017 against it was a fraud. Nigeria brought the challenge […]

Politics

P&ID: FG secures variation of UK court order

Ihesiulo Grace 30 November 2019 0

Abuja –  Nigeria has succeeded in securing variation of the UK court order from cash payment of 200 million dollars security to issuing bank guarantee of the same amount in respect of the P&ID scam. Abubakar Malami, the Attorney-General of the Federation and Minister of Justice, made this known in a statement issued by Dr Umar […]