The Economic and Financial Crimes Commission (EFCC) has commended the dismissal of the $11.5 billion judgment against Nigeria in the P&ID case. The judgment had been awarded to Process & Industrial Developments Ltd (P&ID) over a failed 2010 deal to establish a gas processing plant in the...
On Monday, Judge Robin Knowles of the Business and Property Court in London delivered a landmark victory to the Federal Government of Nigeria, nullifying a $9.6 billion arbitral award made in 2017 in favor of the Process & Industry Development (P&ID) Limited. Attorney General of the Federation...
In a significant legal development, the Business and Property Court in London ruled in favor of Nigeria, bringing an end to the $11 billion lawsuit filed by Process & Industrial Developments (P&ID) Ltd against the federal government of Nigeria. The judgment was delivered by Judge Robin Knowles...
A federal High Court in Abuja, Thursday ordered the forfeiture of all assets belonging to Process and Industrial Development (P&ID) limited to the federal government.
This development followed the conviction of the involved firms on 11-count charge bordering on economic sabotage, money...
Members of a group known as the Coalition of Civil Society Groups (CCSG) are currently at the UK high commission in Abuja to protest the $9 billion judgement against Nigeria.
A British court had given P&ID, an Irish engineering company, the fiat to seize Nigerian assets worth $9 billion...
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