P&ID
21 Nov
The British national, Mr James Nolan, who jumped bail in the alleged 9.6 billion dollars Process and Industrial Development (P&ID) Ltd scandal, on Monday, opened his defence in absentia without calling any witness. Nolan’s counsel, Mr Michael Ajara, told Justice Donatus Okorowo of a Federal High Court (FHC), Abuja that he did not intend to…
21 Nov
As Nigeria continues to savour its court victory against Process & Industrial Developments (P&ID) Limited in the protracted P&ID v Federal Republic of Nigeria case, the Federal Government should consciously put in place mechanism...
21 Nov
In the wake of a landmark victory for Nigeria at the Commercial Court of England and Wales, which stopped the enforcement of an $11.5 billion Process & Industrial Developments (P&ID) Limited arbitration award against the country over a failed 2010 deal to develop....
3 Nov
On Monday, October 23, 2023, in a stunning victory for Nigeria, the High Court in London set aside the arbitration award obtained in January 2017 by P&ID, a British Virgin Islands registered company, against Nigeria.
23 Oct 2023
In the aftermath of the significant legal victory in the P&ID case, Hamzat Lawal, CEO of Connected Development, has expressed his commendation for President Bola Tinubu's leadership and unwavering commitment to defending Nigeria's financial interests. Lawal said the victory at the Business and Property Court in London, where an $11.5 billion (USD) award and accumulated…
23 Oct 2023
President Bola Ahmed Tinubu has applauded Nigeria's victory in its legal case against Process & Industrial Developments (P&ID) Limited in a United Kingdom (UK) court.
23 Oct 2023
The Federal Government of Nigeria on Monday finally emerged victorious in its legal case against Process & Industrial Developments (P&ID) Limited in a United Kingdom (UK) court.
22 Sep 2023
A prosecution witness in the trial of $9.6billion Process and Industrial Development Limited, P&ID, fraud, Umar Hussein Babangida, has revealed how the managing director of Trinity Biotech Nigeria Limited, Patrick Nash a.k.a Gerald Nash escaped being arrested. The Economic and Financial Crimes Commission (EFCC) in a statement said Babangida told Justice D.O Okorowo of a…
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