Tag: P&ID
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Nigeria secures landmark victory in P&ID contract suit – Malami
The Federal Government has secured a landmark victory in its pursuit to overturn a 10 billion dollar judgment awarded against it in a case against Process and Industrial Developments (P&ID). The Attorney-General and Minister of Justice, Abubakar Malami, in a statement in Abuja on Friday, said the court has granted Nigeria’s application for an extension…
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US court grants Nigeria access to key documents in $9 billion P&ID case
A US court has granted Nigeria access to key documents in the $9 billion case with Process & Industrial Developments (P&ID), which agreed to build a gas-processing plant in the country. TheNewsGuru.com (TNG) reports Judge Lorna Schofield, who presided over the sitting, granted Nigeria the access on Thursday, while noting that P&ID has an undisputed…
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P&ID scam: Absence of ex-director Petroleum Resources stalls trial
The absence of Grace Taiga, former director, Legal Services in the Ministry of Petroleum Resources, who is alleged to be involved in the P&ID multiple fraud, on Tuesday in an FCT High Court in Apo, stalled hearing in the matter. Mr Ola Olanipekun, counsel to Taiga, informed the court that the defendant was sick and…
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P&ID: How UK judgment saved Nigeria’s assets from seizure – FG
The Minister of Information and Culture, Alh. Lai Mohammed has said that the judgment of the United Kingdom’s Commercial Court saved Nigeria’s assets from being seized by an Irish firm, Process and Industrial Developments (P&ID). He also said the Federal Government has mandated its lawyers to file an appeal against the court order for a…
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P&ID: FG commences probe of six fresh suspicious petroleum deals
Indications emerged on Saturday that the federal government may have commenced probe into six suspicious deals allegedly entered into by the Ministry of Petroleum Resources to avert a repeat of the Process and Industrial Developments (P&ID) saga. Recall that Nigeria is currently in court in the United Kingdom (UK) with P&ID to reverse the award…
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$9.6bn Judgement: P&ID reacts to court ruling ordering stay of execution
The Process and Industrial Developments (P&ID) has reacted to the ruling of the United Kingdom Commercial and Arbitration Court which on Thursday in London, ordered a stay of execution of the $9.6 billion damages awarded against Nigeria pending the determination of an appeal by the Nigerian Government. The court had asked the government to make…
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$9.6bn Judgement: Nigeria wins round one as UK court orders stay of execution
…orders FG to deposit $200m within 60 days A United Kingdom Commercial Court has ordered a stay of execution of the $9.6billion damages secured against Nigeria by Process and Industrial Developments pending the determination of an appeal by the Federal Government. It however asked the government to make a security payment of $200million to the…
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![JUST IN: [P&ID scandal] Court admits ex-director Petroleum Resources to N10m bail](https://thenewsguru.ng/wp-content/uploads/2019/09/Mrs-Grace-Taiga.jpg)
JUST IN: [P&ID scandal] Court admits ex-director Petroleum Resources to N10m bail
Justice O.A. Adeniyi of the FCT High Court, sitting in Apo, Abuja, on Wednesday, admitted Grace Taiga, former director, Legal Services in the Ministry of Petroleum Resources, in the multiple fraud involving P&ID in Suleja Prison to bail in the sum of N10 million. Justice Adeniyi on Sept. 21,remanded Taiga in the Nigerian Correctional Service…
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$9.6bn Judgement: P&ID reacts to trial, conviction in Abuja
Process and Industrial Developments Limited (P&ID) reacted to the trial and conviction of two of its directors in Abuja today and slammed it all as shambolic, according to an unsigned statement. “Today’s sham trial in Nigeria is entirely illegitimate, and follows a systematic campaign of harassment, intimidation and illegal detention of a number of individuals…
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JUST IN: P&ID agents admit fraud, tax evasion charges
Two agents of the now controversial Irish engineering firm, Process and Industrial Development Limited – have admitted guilt in charges of fraud and tax evasion brought against them by the Federal Government. The two – Mohammad Kuchazi, described as Commercial Director, P&ID Ltd, Virgin Island and Adamu Usman, identified as representative of P&ID Nigeria Limited,…