A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
By Soni Daniel, Abuja As a further victory for Nigeria over Process and Industrial Development Limited, the Commercial Court in London has ordered the return of the $200 million, which it asked Nigeria to deposit as a condition for the country to file appeal against the award of $9.6 billion in favour of the shadowy
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… Why FG’ll not negotiate with P&ID —Malami By Ikechukwu Nnochiri Justice Cranston J. of UK court has ordered Process and Industrial Development, P&ID, to make payment of £1.5 million to cover the legal cost incurred by Nigeria, as part of successful application for extension of time to challenge the arbitration award and procedural hearing
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The Federal Republic of Nigeria (FRN) Thursday appeared in the English High Court for a scheduled hearing. The hearing followed the major victory secured by FRN last Friday, allowing it to bring a fraud challenge against a $10 billion arbitration award obtained by vulture-fund-backed P&ID well outside the normal time limits. In a statement on
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Minister of Justice and Attorney-General of the Federation, Abubakar Malami, has said Nigerians involved in compromising the processes in awarding the gas supply and processing contract with Process & Industrial Development, P&ID, would face the consequences. The Cable News quoting the Minister during an interview with the Nigerian Television Authority, NTA, yesterday , said the
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The Presidency welcomes the judgment by the UK Court granting Nigeria’s application for an extension of time and relief from sanctions in a $10 billion arbitration case with Process and Industrious Development Limited (P&ID) in Nigeria. In our view, the judgment is right, just and provides a strong prima facie case that the fraudulent gas
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Vanguard had reported that the Commercial Court of England, on Friday, granted the Federal Government of Nigeria leave to challenge the $9.6 billion arbitrarily award to Process and Industrial Developments Limited, P&ID, over a botched gas supply and processing agreement. The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, who made
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By Olasunkanmi Akoni The Business and Property Courts of England and Wales has granted Nigeria’s application for an extension of time and relief from sanctions over the $10 billion judgement awarded against it in a case against Process and Industrial Developments, P&ID. A judge of the Business and Property Courts of England and Wales, Ross
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By Ikechukwu Nnochiri The Commercial Court of England, on Friday, granted the Federal Government of Nigeria leave to challenge the $9.6billion arbitrarily award to Process and Industrial Developments Limited, P&ID, over a botched gas supply and processing agreement. The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, who made the disclosure
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Insists he lied against their late father By Ikechukwu Nnochiri – Abuja The family of late former Minister of Petroleum Resources, Dr. Rilwan Lukman, has accused the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, SAN, of lying against their father in an affidavit he filed before the Commercial Court of England
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The Federal Government has asked a London court to allow Nigeria more time to appeal the $9.6 billion arbitration award in the legal tussle between the country and P &ID (Process & Industrial Development Ltd) over the 2010 gas supply contract.
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