Tag Archives: P&ID
P&ID: UK Court Rejects FG’s Corruption Claims Against Shasore, Former Lagos AG
Olasupo Shasore, a former Lagos attorney-general and commissioner for justice, has been cleared of corruption allegations in the Process and Industrial Developments (P&ID) case. In a judgement delivered by email, Robin Knowles, justice of the Commercial Courts of England and
JUST IN: Nigeria Wins $11 Billion P&ID Case As UK Court Revokes Award
After a five-year legal battle, Nigeria has won a crucial victory when a UK court decided in favour of delaying the implementation of the $11 billion arbitration verdict issued to Process & Industrial Developments (P&ID). The judgement, given via email
EXCLUSIVE: P&ID Agents lobby Presidency to Halt litigation, Target $500m Commission
Despite the positive mood in Nigeria’s legal team that the country will succeed in its challenge against the arbitral award to Process and Industrial Developments (P&ID), a trio of influential Nigerians are mounting pressure on the presidency to settle out
How I Fought And Won Nigeria’s Case Against P&ID Despite Frustrations – Olasupo Shasore
Just as Nigeria secured a landmark victory in its pursuit to overturn a $10 billion judgement awarded against it in a case against Process and Industrial Developments (P&ID), a former attorney general and commissioner for justice in Lagos State, Olasupo
JUST IN: Court Orders Assets Forfeiture, Closure Of P&ID Operations
The Federal High Court in Abuja on Thursday ordered the forfeiture of assets and closure of operations of the Process and Industrial Development Limited (P&ID). The Economic Financial Crimes Commission (EFCC) arraigned the P&ID Ltd, Virgin Island, its Nigerian affiliate,
P&ID Rejected Fed Govt’s $250m Settlement Offer
***Controversial contract signed ‘when Yar’Adua was in coma’ PRESIDENT Muhammadu Buhari and Vice-President Yemi Osinbajo separately approved negotiation with Messrs Process and Industrial Developments (P&ID) after the Arbitration Tribunal awarded $6.597billion to the company. The Vice President gave the
Heads Will Roll Over Judgment Permitting Seizure of Nigeria’s Foreign Assets, Says AGF Malami
The Federal Government on Thursday vowed to bring to book anyone found culpable in the agreement between Nigeria and a foreign firm, P & ID, that led to the award of $9bn judgment debt against Nigeria. A British Court had
