P&ID

‎A London court on Tuesday ordered the release of the $200m guarantee put in place as security for the stay of execution granted Nigeria for the appeal filed against the judgment for the execution of the Arbitral award of $10bn in…

A British court on Thursday ordered the British Virgin Islands firm, Process and Industrial Development, to pay £1.5m to Nigeria within 21 days. The order was sequel to Nigeria’s ability to successfully obtain the court permission for an…

The Presidency has described as a welcome relief, Friday’s judgment of a British court granting Nigeria’s application for an extension of time and relief from sanctions in a $10 billion arbitration case with Process and…

Nigeria heaved a sigh of relief on Friday as a British court granted her application for an extension of time to appeal against the $9.6bn arbitral award delivered in favour of a British Virgin Island, Process, and Industrial…

The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), said on Thursday that the whole saga associated with P&ID contract in which a $9.6bn arbitral award delivered by a London arbitration panel…