Tag: P&ID

Nigeria’s lawyer told the court that P&ID obtained its contract “by telling repeated lies and paying bribes to officials.”

The trial is set to continue Wednesday

A lawyer representing Nigeria told the court that P&ID obtained its contract "by telling repeated lies and paying bribes to ...

In 2019, a UK tribunal ordered the Nigerian government to pay P&ID $9.6 billion over a failed gas project.

P&ID, a British Virgin Island firm, had obtained an $8.9billion judgment from a U.K court against Nigeria over a failed ...

The Central Bank of Nigeria says the development led to a rise in the nation’s foreign reserves.

Mr Shasore failed to explain why he made suspicious payments to two NNPC officials.

Nigeria’s legal representative says in the first two stages of the arbitration, Mr Shasore, "deliberately defended the case thinly".

The parties are expected to file simultaneous letter briefs detailing the outcome of their telephone conference on July 21, the ...

Last year, the British court authorized P&ID to seize more than $9.6 billion of Nigeria’s foreign assets — more than ...

The EFCC had sued Messrs Nolan and Quinn, alleging that both men used the two firms (Goidel and ICIL) for ...

Mr Malami says the Federal Government has the responsibility of striking a balance between genuine judgments and fraudulent ones.

As Nigeria appeals against the $9 billion judgement debt, the country has built a reputation of not resolving contractual debts ...

The minister reiterated that the contract entered into with the Ministry of Petroleum Resources, was nothing but a fraudulent contraption.

The failure of the gas supply and processing agreement between Nigeria and P&ID has led to a humongous $9.6billion arbitral ...

P&ID claims it invested $40 million in the project even though it had not built any facilities for gas processing.

Mr Magu described the process leading to the judgment as "day light robbery"

The Nigerian government described the ruling as “completely wrong and obviously unjustifiable."