US court rules against Nigeria in $10 billion P&ID case
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…
Presidency hails UK court ruling on P&ID
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...
Understanding pelvic inflammatory disease
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.
P&ID: FG secures variation of UK court order
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.
Alleged P&ID scam: EFCC kicks against Briton’s plea for bail variation
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.
Absence of defendant stalls hearing in P&ID alleged fraud case
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.
9.6bn P&ID judgment: The newest elite honey pot in town
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....
P&ID: Nigeria to appeal against payment of $200m deposit
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…