NIGERIA PAYS 250,000 POUNDS COSTS TO P I&D

…appeals $200m security payment Olalekan Adetayo, Abuja The Federal Government has paid £250,000 to Process and Industrial Developments Limited as ordered by Justice Christopher Butcher of the Commercial Court in London on Thursday, September 26, The PUNCH has learnt. The money was ordered to be paid to Read More …

9.6BIL DOLLAR JUDGEMENT: P I&D SAYS NO NEGOTIATIONS AS COURT RESUMES TODAY

$9.6bn judgment: P&ID says no negotiations, UK legal battle resumes today Published September 26, 2019 by:Olalekan Adetayo and Ade Adesomoju The Process and Industrial Development on Wednesday denied offering to negotiate with the Federal Government over a recent contentious judgment of a United Kingdom which Read More …

FG DELEGATION JETS OUT TO UK OVER P I&D CASE AS FINE INCREASES TO 10BIL DOLLARS

A delegation of Federal Government officials have left Abuja on Saturday for the United Kingdom in continuation of efforts to quash a $6.2 billion arbitration award against Nigeria. The award in favour of Process and Industrial Development (P&ID) Limited has risen to about $10b with Read More …

HOW P I&D BRIBED EX-PETROLEUM MINISTRY DIRECTOR WITH 21,000 DOLLARS TO SIGN AGREEMENT-EFCC

She signed the gas contract without FEC approval Alex Enumah in Abuja The Economic and Financial Crimes Commission (EFCC) yesterday told an Abuja High Court how a former director in the Ministry of Petroleum Resources was bribed to the tune of $21,000 in signing the Read More …

9.6BIL DOLLAR FINE CANNOT STAND AFTER P I&D CONVICTION FOR FRAUD SAYS MALAMI

  Ade Adesomoju, Abuja The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), said with Thursday’s conviction of Process and Industrial Developments Limited for fraud by the Federal High Court in Abuja, the liability of $9.16bn awarded in its favour by Read More …

9.6BIL DOLLAR JUDGEMENT DEBT: NIGERIANS WANT EX- CJN BELGORE PUNISHED FOR BETRAYING THE COUNTRY

$9.6bn P&ID Judgment Debt: Nigerians want former CJN Belgore punished for betraying country Premium Times Nigeria / Adejumo kabir / 4 hours ago Following PREMIUM TIMES report that exposed how former Chief Justice of Nigeria (CJN), Alfa Belgore, helped British firm, Process and Industrial Developments Limited (P&ID), to secure the arbitral award Read More …

2 SERVING MINISTERS SUSPECTED TO BE MOLES WORKING IN FAVOUR OF 9.6BIL DOLLARS UK COURT JUDGEMENT

Insinuations in some quarters that the $9.6bn damages secured by P&ID against the federal government in respect of the latter’s purported failure to honour a contractual agreement it had with the former was arranged by some interests to defraud the government may not be far Read More …

P I&D OWNER’S SON CONTACTS FG OVER AMICABLE SETTLEMENT OF 9.6BIL DOLLARS COURT JUDGMENT

Wants case settled amicably •How P&ID, 12 smaller companies secured concessions by Yusuf Alli, THERE appears to be a silver lining over the controversial $9.6billion judgment debt with a son of the owner of Process and Industrial Developments (P&ID) reaching out to the Federal Government Read More …