Tag "P&ID"

    Falana: FG complies with London court orders but disobeys Nigerian judges

Falana: FG complies with London court orders but disobeys Nigerian judges

Femi Falana, a human rights lawyer, has accused the federal government of disobeying valid court orders in Nigeria while it complies with orders from Britain.Granting a stay of execution for a $9.6 billion judgement awarded against Nigeria in favour of Process & Industrial Development (P&ID) Limited, Christopher Butcher, judge of a commercial court in London, had ordered that Nigeria deposit [...]

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    Nigeria obeys English court order, posts $200m bond in P&ID case

Nigeria obeys English court order, posts $200m bond in P&ID case

The federal government has posted a bond of $200 million with a London court in the $9.6 billion judgement against Nigeria in its case with Process & Industrial Development (P&ID) Limited. In September, Christopher Butcher, judge of a commercial court in London, ordered Nigeria to deposit the sum while granting the country’s request for a stay of execution in the case.TheCable [...]

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    $9.6bn judgment: Nigeria ‘agrees to deposit $200m’ to P&ID

$9.6bn judgment: Nigeria ‘agrees to deposit $200m’ to P&ID

President Muhammadu Buhari has authorised the release of $200 million in the $9.6 billion awarded against Nigeria in its case with Process & Industrial Development (P&ID), according to PUNCH. In September, Christopher Butcher, judge of a commercial court in London, had ordered Nigeria to deposit the sum while granting the country’s request for a stay of execution in the case. TheCable had [...]

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    ‘P&ID scam’: EFCC files fresh charges against Briton

‘P&ID scam’: EFCC files fresh charges against Briton

The Economic and Financial Crimes Commission (EFCC) has filed fresh charges against James Nolan, a British national, over his involvement in the Process and Industrial Development (P&ID) "contract scam".The anti-graft agency had earlier filed 16 charges against Nolan. But on Thursday, the charges were raised from 16 to 32.On October 21, Nolan alongside Adam Quinn, another British national who is [...]

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    Briton charged in ‘P$ID contract scam’ asks court to review N500m bail

Briton charged in ‘P$ID contract scam’ asks court to review N500m bail

James Nolan, a British national, on Wednesday, applied for a variation of his bail at the federal high court in Abuja.Nolan alongside Adam Quinn, another British national who is at large, were arraigned by the Economic and Financial Crimes Commission (EFCC) on October 21, over their alleged complicity in a contract fraud involving Process and Industrial Development Limited (P&ID).P&ID, an [...]

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    Abuja court remands two British nationals over P&ID ‘scam’

Abuja court remands two British nationals over P&ID ‘scam’

The Economic and Financial Crimes Commission (EFCC) arraigned James Richard Nolan and Adam Quinn (at large), both British nationals, over their alleged complicity in the $9.6 billion judgment against Nigeria.Process and Industrial Development (P&ID), an Irish engineering company, had secured the award against Nigeria following the non-execution of a 20-year gas and supply processing agreement (GSPA) the company had with [...]

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Lai: We’ll demand refund of £250,000 payment from P&ID solicitors if appeal succeeds

Lai Mohammed, minister of information, says the federal government will demand a refund of £250,000 from solicitors of Process and Industrial Development (P&ID) if its appeal is successful.Apart from the sum, a commercial court in the UK ordered Nigeria to pay $200 million to its funds office.These were conditions given to the country after it secured a stay of execution [...]

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    Court grants ex-director named in P&ID deal N10m bail

Court grants ex-director named in P&ID deal N10m bail

A high court in the federal capital territory (FCT) has granted bail to Grace Taiga, an ex-director in the ministry of petroleum resources, named in the controversial Process and Industrial Development Limited (P&ID) deal.Last week,  Taiga was remanded in prison custody over her alleged role in the deal.The Economic and Financial Crimes Commission (EFCC) accused her of receiving $20,000 as kickback [...]

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    Senate summons Malami over $9bn judgement against Nigeria

Senate summons Malami over $9bn judgement against Nigeria

The senate has summoned Abubakar Malami, attorney-general of the federation (AGF), over the judgement secured by the Process and Industrial Development Limited (P&ID) against Nigeria.The senate also asked officials of the Nigerian National Petroleum Corporation (NNPC) to appear alongside Malami.This followed a motion sponsored by Micheal Bamidele, senator representing Ekiti central.While moving the motion on the floor of the upper [...]

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    Malami, Emefiele lead delegation to battle $9.6bn P&ID judgement in UK

Malami, Emefiele lead delegation to battle $9.6bn P&ID judgement in UK

Abubakar Malami, attorney-general of the federation (AGF), and Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), have led a federal government delegation to the United Kingdom to seek legal solution in the Process and Industrial Development Limited (P$ID) case.The delegation, which left Nigeria on Saturday, also included Mohammed Adamu, inspector-general of police (IGP); Ibrahim Magu, acting chairman of [...]

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    Ex-director in petroleum ministry remanded in prison over P&ID deal

Ex-director in petroleum ministry remanded in prison over P&ID deal

Grace Taiga, a former director in the ministry of petroleum resources, has been remanded in Suleja prison, Niger state, over the Process & Industrial Development Limited (P&ID) deal.A high court in the federal capital territory (FCT) remanded Taiga in prison after she pleaded "not guilty" to an eight-count charge of fraud levelled against her by the Economic and Financial Crimes [...]

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    ‘Nigeria coercing false testimony from our associates’ — P&ID on conviction of directors

‘Nigeria coercing false testimony from our associates’ — P&ID on conviction of directors

The Process & Industrial Development (P&ID), an Irish engineering firm, says the Nigerian government is detaining and coercing false testimonies from its associates to implicate the company and label it a fraud.It said this in a statement on Thursday published on its blog.Earlier, in a statement on Wednesday, the company said it will identify and seize Nigeria's assets abroad because the [...]

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    P&ID and the consequences of impunity

P&ID and the consequences of impunity

The August 16 London judgement which awarded an engineering firm, Process and Industrial Development (P&ID), the sum of 9.6 billion dollars against Nigeria for purported breach of contract, which has been generating a storm of comments is joins others in our long history of financial scandals.There is the long drawn Malabu case dating back to the days of General Abacha [...]

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    Court orders forfeiture of P&ID assets to FG for failing to pay tax

Court orders forfeiture of P&ID assets to FG for failing to pay tax

A federal high court in Abuja has ordered the forfeiture of assets belonging to the Process and Industrial Development Limited (P&ID) to the federal government.The court gave the order after the company represented by Muhammad Kuchezi, a commercial director of P&ID incorporated in the British Virgin Islands, and Adamu Usman, representative of the company in Nigeria, pleaded guilty to an [...]

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    Hope rises for Nigeria as P&ID directors are convicted of ‘economic sabotage’

Hope rises for Nigeria as P&ID directors are convicted of ‘economic sabotage’

Two directors of the Process and Industrial Development Limited (P&ID), an Irish engineering company, have been convicted of charges bordering on economic sabotage and money laundering.With this conviction, the federal government may now ask the appeal court in the UK to set aside the $9.6 billion judgment against Nigeria in the botched gas processing agreement.They had pleaded guilty to the [...]

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    Suspects in controversial P&ID deal arraigned

Suspects in controversial P&ID deal arraigned

Two representatives of the Process and Industrial Development Limited, an Irish engineering company, were arraigned on Thursday.The arraignment took place at a federal high court in Abuja.In January, a British court gave P&ID the fiat to seize Nigerian assets worth $9 billion, following the non-execution of a gas supply and processing ”contract”.Alfa Belgore, a former chief justice of Nigeria (CJN), [...]

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December 05, 2019USDGBPEUR
INTERBANK306397354
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KANO354445370
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