*‘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
Tag: 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: The $6bn Judgment Pitting Nigeria against Irish Businessmen
London court hearing will lift the veil on shadowy world of international arbitration By Kate Beioley and Neil Munshi In January 2010, two Irish businessmen secured a 20-year contract to turn Nigeria’s vast gas reserves into power. But the government never built a promised pipeline to feed gas to the processing plant, and
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