You are here
Home > Posts tagged "P&ID"

P&ID: Court Victory Boosts Nigeria Foreign Reserve with $200m

*‘Multiple Successes’ Against P&ID In Court Evidence Of FG’s Resolve To Tackle Corruption–Malami Nigeria’s Foreign Exchange Reserves was on Tuesday boosted by over $200m when the London Commercial Court ordered the released of the $200m guarantee put in place as security in respect of the execution of the much discredited P&ID

P&ID: FG Slams Fresh Six Separate Charges Against British National over $9.6b ‘Scam’

Ayode Awal The federal government yesterday in Abuja slammed six separate criminal charges against a British national, Mr James Nolan and six other companies over their alleged involvement in the $9.6B Process and Industrial Development (P&ID) “contract scam”. P&ID, an Irish engineering company, had secured a $9.6B award against Nigeria following

P&ID vows to identify, seize Nigerian assets

Process & Industrial Developments (P&ID) Limited has said it will continue its efforts to identify and seize Nigerian assets. The British firm, on August 16, 2019, won a $9.6bn UK court judgement against the Nigerian government over a failed gas deal signed in January 2010. The company said the President Muhammadu Buhari

Nigeria to lose over N4.1trn on inter’l legal charges against Buhari’s govt

•As UK-based P & ID seeks to enforce $9b damages  Senator Iroegbu Nigerian, which is already facing myriads ofeconomic challenges, budget deficit and huge external debt may lose over $13.3 billion, which amounts to N4.076 trillion in legal charges incurred by the administration of President Muhammadu Buhari. The money, which could rise

Top