Tag: P&ID
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$9.6b judgment: FG draws battle line against P&ID
There are indications that the federal government may go on the full offensive to fend off the $9.6 billion judgment obtained against the country in Britain by Irish firm, Process and Industrial Development (P&ID). The first leg of the action is to file a stay of execution at the court when it resumes from vacation…
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$9b Judgment: P&ID founder opens on controversial deal, names two ex-presidents, petroleum ministers, 15 others involved
The controversy over $9.6billion judgment debt against Nigeria deepened on Saturday following a revelation that the list of those involved in the negotiation of the contract was submitted to an Arbitration Tribunal in London. The founder of Process and Industrial Developments (P&ID), Michael Quinn admitted to have had audience with the late President Umaru Yar’Adua,…