Two Nigerians involved with offshore company Process & Industrial Developments (P&ID) would have pocketed about $1.9bn...
Two Nigerians involved with offshore company Process & Industrial Developments would have pocketed about $1.9bn had the record-breaking $11.4bn suit the firm slammed on Nigeria succeeded at an England High Court.The two Nigerians, Grace Taiga and Adetunji Adebayo, were projected to receive $500, 000 and $1.4 billion respectively, according to court documents detailed in a report by Aljazeera.
In an eight-week trial that ended in March this year, the government petitioned the High Court to invalidate the arbitration award. Under the terms of the agreement, the government would provide wet gas to P&ID for free over 20 years. It was later alleged that Taiga had received close to $10,000 from individuals and companies linked to P&ID ahead of the contract signing. Before the High Court, Taiga, according to Aljazeera, acknowledged having received money but said that these payments were merely gifts from a family friend, P&ID co-founder Quinn.
But in one document dated October 2017, Cahill recorded a “commitment” of $200,000 to Taiga; in another, dated May 2019, the figure was put at $500,000. Al Jazeera, in a report, claimed to have seen both documents which formed part of the evidence before the High Court.
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