$9.6b: Danjuma declined P&ID’s shares offer - The Nation Newspaper

The United Kingdom-based gas company, Process and Industrial Developments Ltd , initiated the controversial gas flaring contract with the Federal Government under questionable circumstances, it was learnt on Thursday.

Gen. Danjuma according to Businessweek, was upset with Quinn when he found out he had applied for the contract without his consent. Gen. Danjuma was quoted as saying that the gas flaring project was originally his idea, recalling that one of his companies, Tita-Kuru Petrochemicals Ltd, spent $40 million preparing it and not Quinn.When Quinn applied for the contract himself, Danjuma was upset. “The realisation dawned that “my consultant was going to steal my project,” Businessweek quoted him as saying.He had no link whatsoever with the company.

Quinn’s company agreed to settle for $850 million, but the government of President Muhammadu Buhari rejected it. Quinn also worked in Ireland. In 1979 he and a partner, Brendan Cahill, formed an umbrella company, Industrial Consultants to oversee their interests. They began working with the government, for example getting a public grant worth $450,000 to start a videocassette factory near Dublin. The project went bust within two years.

Source: News Formal (newsformal.com)

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$9.6b judgment: Report exposes P&ID, Danjuma’s linkWITH the dust raised over the $9.6 billion judgment debt awarded to Process and Industrial Development Ltd (P&ID) yet to settle
Source: TheNationNews - 🏆 6. / 69 Read more »

$9.6b judgment debt: P&ID, Danjuma’s exposeChecking out '$9.6b judgment debt: P&ID, Danjuma’s expose' on The Nation Newspaper Community:
Source: TheNationNews - 🏆 6. / 69 Read more »

$9.6b judgment debt: Danjuma’s, P&ID exposeChecking out '$9.6b judgment debt: Danjuma’s, P&ID expose' on The Nation Newspaper Community:
Source: TheNationNews - 🏆 6. / 69 Read more »

$9.6b: CSOs Give 21 Day Ultimatum For Reversal Of UK Judgment$9.6b: CSOs Give 21 Day Ultimatum For Reversal Of UK Judgment A coalition of Civil Society Organisations (CSOs) has given 21 days for the British and Irish governments to ensure a $9.6 billion judgement against
Source: LeadershipNGA - 🏆 4. / 77 Read more »

$9 billion: Protesters want British court ruling against Nigeria reversed - Premium Times NigeriaThe protest was organised by members of Coalition of Civil Society Groups.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

$9.6bn UK Judgement: How P&ID Boss, Quinn, Stole TY Danjuma’s Project Idea$9.6bn UK Judgement: How P&ID Boss, Quinn, Stole TY Danjuma\u2019s Project Idea The controversy surrounding the judgement of a United Kingdom (UK) court granting authority to seize Nigeria\u2019s assets worth $9.6 billion over a failed gas Desmondp4454 Desmondp4454 DM me please sir
Source: LeadershipNGA - 🏆 4. / 77 Read more »