Tag: P&ID
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Tinubu inherited P&ID case but dealt with it – Minister
The Minister of Information and National Orientation, Alhaji Mohammad Idris, said on Monday that President Bola Tinubu inherited the was elated by UK court reversal of $11bn awarded against Nigeria. Idris stated this while fielding questions from the State House
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![See officials involved in $11.1bn P&ID case against Nigeria [Read full judgement]](https://thenewsguru.ng/wp-content/uploads/2023/10/Screenshot-2023-10-24-at-8.18.19-AM.png)
See officials involved in $11.1bn P&ID case against Nigeria [Read full judgement]
A Business and Property Court in London presided over by Justice Robin Knowles of the Commercial Courts of England and Wales on Monday quashed the $11.1 billion awarded against Nigeria in a case filed by the Process and Industrial Developments Company (P&ID).
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P&ID case: What Tinubu said about landmark victory
President Bola Tinubu has applauded today’s judgement rendered by Judge Robin Knowles of the Business and Property Court in London, awarding a landmark victory to the Federal Government of Nigeria over a firm known as Process & Industrial Development (P&ID) Limited.
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BREAKING: Nigeria wins $11 billion case against P&ID
The Federal Government of Nigeria has secured a judgement of the Commercial Courts of England and Wales to halt the enforcement of the $11 billion arbitration award to Process and Industrial Developments (P&ID).
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Alleged P&ID scam: EFCC accuses Briton’s lawyer of delay tactics
The Economic and Financial Crimes Commission (EFCC), on Tuesday, accused Paul Erokoro, SAN, counsel to James Nolan, a director in Process and Industrial Development Limited (P&ID), of deploying a delay tactic in the ongoing trial. EFCC lawyer, Bala Sanga, made the allegation before Justice Ahmed Mohammed of a Federal High Court (FHC), Abuja.
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EFCC arraigns P&ID Commercial Director, Muhammed Kuchazi for money laundering
The Economic and Financial Crimes Commission (EFCC), on Monday, arraigned a Process and Industrial Development (P&ID) Commercial Director, Muhammed Kuchazi, before Justice Folashade Giwa-Ogunbanjo of the Federal High Court, Abuja, on eight counts bordering on money laundering. Kuchazi was arraigned alongside his company, Kore Holdings Limited, on alleged money laundering related charges. TheNewsGuru.com, TNG gathered…
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![BREAKING: [P&ID case]: UK court orders release of $200m deposit to Nigeria](https://thenewsguru.ng/wp-content/uploads/2020/07/Court-i.jpeg)
BREAKING: [P&ID case]: UK court orders release of $200m deposit to Nigeria
A commercial court in London has ordered the release of the $200 million used as a deposit in the case against Process & Industrial Development (P&ID) to the Nigerian government. The Governor of Central Bank of Nigeria (CBN), reportedly confirmed the development on Tuesday. “Due to the substantial evidence of prima facie fraud established before…
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UK court orders P&ID to pay Nigeria £1.5million
Nigeria secured another victory against Process and Industrial Development (P&ID) in the UK court yesterday as Sir Ross Cranston ordered it to make an interim payment of £1.5million to Nigeria. The amount, to be paid within 21 days, is to cover the legal costs Nigeria incurred as part of a successful application for the extension…
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P&ID fraud: How $301m exchanged hands among govt officials – Malami
Attorney General and Minister of Justice, Abubakar Malami has revealed how $301 million were used in bribing Nigerian government officials in the $10 billion judgment earlier awarded to Process and Industrial Developments (P&ID) against Nigeria. But the Federal Government on Friday secured a landmark victory in its pursuit to overturn a 10 billion dollar judgment…
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Judgement by UK Court on P&ID, protected Nigeria’s asset from criminals – Presidency
The Presidency has described the judgment by the United Kingdom 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 as just and fair. In a statement by Senior Special Assistant to the President on Media and…