DAILY POST had reported that the Federal Government had vowed to go ahead and probe the gas pipeline deal between the previous administration and an Irish firm, Process and Industrial Developments Limited ,
which triggered the decision of a United Kingdom court to ask the company to seize $9.6bn in Nigerian assets. According to the Nation, the Economic and Financial Crimes Commission on Thursday, arraigned the two firms that were linked to the controversial oil contract that led to the judgement of the British Court that ordered the seizure of Nigeria’s foreign assets worth $9.6billion.
The firms, P&ID Ltd, Virgin Island and its Nigerian affiliate, P&ID Nigeria Ltd, pleaded guilty to the 11-count which bordered on fraud and tax evasion.
Haha P&ID is yet 2 kno that they ar dealing with Nig. real_igodye had said it that MBuhari is a sharp guy, he knows what he is doing. Welcome to Nig, foreign investors, this is Naija, we run our things our style. When two judgments fight, FDI go know him fate.. Filee, ooshe!
Nigeria had better pursue its grievances against the UK judgement rather than local court orders which would not receive global recognition.
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Reps summon Malami, Sylva over P&ID $9.6bn contract – Daily TrustThe House of Representatives yesterday resolved to investigate the circumstances that led to the $9.6bn judgment recently secured by Process and Industrial Developments Limited in a United Kingdom court against Nigeria. The House also resolved to invite the Attorney-General of the Federation, Abubakar Malami and the Minister of State for Petroleum, Timipre Sylva, for interrogation.ADVERTISEMENT …
Source: Daily Trust - 🏆 13. / 51 Read more »
BREAKING: $9.6bn contract: P&ID officials plead guilty to fraudRepresentatives of the Process and Industrial Development Ltd on Thursday pleaded guilty before the Federal High Court in Abuja to charges of fraud
Source: TheNationNews - 🏆 6. / 69 Read more »
Reps probe P&ID $9.6bn contract, invite Malami, SylvaWe only here when Reps invite people to their plenaries or committees, but we don't have to see the outcome, just nothing Now that it is $9.6bn they are still probing? Maybe before next tenure we will have to leave this country for P&ID, 'cos the money will be enough to buy a lawless country.
Source: MobilePunch - 🏆 8. / 63 Read more »
BREAKING: 'Officials' of P&ID, which wants Nigeria's $9 billion, plead guilty to fraudThe Nigerian government on Thursday arraigned persons it said were representatives of the P&ID before a Federal High Court in Abuja on allegations of fraud. Ndi hausa . Shame on all economic saboteurs against the motherland and the media houses that gives them support NigeriaWins I’m confused 😐
Source: PremiumTimesng - 🏆 3. / 78 Read more »
$9.6b judgment: House summons Malami, Sylva - The Nation NewspaperThursdayHeadlines 19th September 2019 1. 2. 3. sunday_oguntola NigeriainfoFM CoolFMNigeria tvcnewsng KakaakiSocial NaijaFm1027IB naijafm1027 THEBEAT999FM wemimospot Kingbiodun_ Wazobia_FM sunday_oguntola NigeriainfoFM CoolFMNigeria tvcnewsng KakaakiSocial NaijaFm1027IB naijafm1027 THEBEAT999FM wemimospot Kingbiodun_ Wazobia_FM Too little too late...lol
Source: TheNationNews - 🏆 6. / 69 Read more »
9.6bn judgement: Reps summon Malami, Sylva, others - Daily Post NigeriaThe lower legislative chamber of the National Assembly, on Wednesday, set up a 17-man ad hoc committee to invite the Minister of Justice and Attorney Gener
Source: DailyPostNGR - 🏆 11. / 59 Read more »