P&ID\u2019s Quest For $9bn Nigeria\u2019s Assets: Once Upon A Blessing! The British High Court judgement against Nigeria on August 16, 2019, authorising seizure of the country\u2019s assets worth $9 billion continues to rattle
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FG ready to negotiate with P&ID to avoid paying $9bn fine – Daily TrustThe federal government has expressed readiness to negotiate with Process and Industrial Developments Limited (P&ID) to avoid paying the fine of $9 billion imposed on it by a British court. Minister of Information and Culture, Alhaji Lai Mohammed noted this while speaking on NTA breakfast programme on Thursday.ADVERTISEMENT He said the government knows the consequences …
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We’re ready to negotiate $9.6bn fine with P&ID –FG
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Nigeria’s $9bn negligence – Daily TrustThe British Commercial Court, headed by British jurist Lord Hoffmann, recently endorsed $9 billion penalty against Nigeria for defaulting in a natural gas supply contract with the Process and Industrial Development Limited (P&ID). The judgement debt, estimated to be over 2.5% of the country’s GDP, is easily the biggest financial liability the country has ever …
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Wasted edifices - The Nation NewspaperGazing at what remains of the structure today, it is hard to believe that the Old Federal Secretariat, Ikoyi was a sightseer’s delight once upon a time..
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