11 Nov 2020
A court in the United States has ruled against Nigeria's wish to claim over $10 billion in its ongoing dispute with the Process & Industrial Developments Ltd (P&ID), a British Virgin Islands-registered company. U.S. District Judge Paul Engelmayer in New York granted the hedge fund’s motion, overturning a ruling from May and quashing subpoenas issued…
5 Sep 2020
The Presidency has hailed the judgment by the United Kingdom (UK) court granting Nigeria’s application for an extension of time and relief from sanctions in a $10billion arbitration...
4 Sep 2020
The Federal Government has secured a landmark victory in its pursuit to overturn a 10 billion dollar judgment awarded against it in a case against Process and Industrial Developments (P&ID).
6 Feb 2020
Pelvic inflammatory disease is an infection of a woman’s reproductive organs. It is a complication often caused by some STDs, like chlamydia and gonorrhea.
30 Nov 2019
Nigeria has succeeded in securing variation of the UK court order from the cash payment of 200 million dollars security to issuing bank guarantee of the same amount in respect of the P&ID scam.
29 Nov 2019
Process and Industrial Developments Limited (P&ID) has secured two separate court judgements from English courts against Nigeria, a development that seems to plunge the Federal Government...
28 Nov 2019
The Economic and Financial Crimes Commission (EFCC) has called on the Federal High Court, Abuja, not to grant the application for a bail variation by the British national, James Nolan.
16 Oct 2019
Absence of former Director of Legal Services in the Ministry of Petroleum Resources, Grace Taiga, who is alleged to have been involved in the P&ID multiple fraud case yesterday stalled hearing of the case at a Federal Capital Territory (FCT) High Court.
13 Oct 2019
Amidst the controversial award of $9.6b to process and Industrial Development (P&ID) by a British Commercial Court, Nigeria may soon be caught again in the web of another failed transaction...
7 Oct 2019
Even as President Buhari was denouncing as a scam, the Process and Industrial Development (P&ID) contract with the Nigeria government, which has resulted in the humongous award of 9.6 billion US dollars against Nigeria by a London commercial court, at the United Nations General Assembly....
2 Oct 2019
Nigeria Wednesday instructed its lawyers to appeal against the payment of $200 million US dollars payment which was a condition for the granting of the stay of execution in the $9.6bn award in favour of Process and Industrial Development Limited. Minister of Information and Culture, Lai Mohammed, who disclosed this in Abuja noted that the…
30 Sep 2019
This shows that while there could be corruption in Nigeria, we have a lot of foreigners who seek to explore the weakness in our administrative processes.