9.6BIL DOLLAR FINE: FG RAISES 13 GROUNDS WHY BRITISH COURT SHOULD DISREGARD P I&D CASE SHOWS FRAUDULENT CLAUSE IN AGREEMENT

Twenty Four hours to its sitting, the Federal Government team has raised 13 grounds on why a London court should reverse the $9.6billion judgment secured against Nigeria by Process and Industrial Developments (P&ID). The delegation has also  exposed the trick clause used by P&ID to secure 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 …

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 …

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 …