The Federal Government has paid the sum of £250,000 to Process and Industrial Developments Limited as running cost, following an order of the Commercial Court in London in September.
Nigeria is currently battling to reverse the judgement of the London court which awarded $9.6 billion in favour of P&ID over an alleged breach of a gas supply contract agreement.The government has also appealed against the order of the same court, which asked that a $200 million security payment be made into its account within 60 days, as a condition for a stay of execution of the $9.6 billion judgement after granting the country leave to appeal the judgement.
The team comprised two ministers, Governor of the Central Bank of Nigeria , as well as heads of the Nigeria Police Force and the Economic and Financial Crimes Commission .
Converted to Naira, HOW MANY POTHOLES CAN THIS AMOUNT CLOSE ON NIGERIAN A ROAD? NAWAOOO!!!
i_amGbemi how market😭😭😭🤑🤑😜😜😛😛
That's good! This P&ID guys should go and give thanks to God that the case wasn't being judge here in Nigeria because they would have been crying by now including the judge that made that judgment. I trust what our Presido could do. 😂😂😂😂😂
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$9.6bn judgment: FG pays £250,000 cost to P&IDI thought they said they clear it we wont pay a penny choiii....whats this now? £250k out $9.6B we are in it I thought buhari's govt said they won't pay. Jokers and noise makers. 😭🤦🏼♂️just got beaten twice.
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N30.1bn debt: FG to cancel Abuja, Kaduna,Kano,Ikeja, four discos' licenses – Daily TrustThe Nigerian Electricity Regulatory Commission (NERC) has notified eight power Distribution Companies (DisCos) on its intent to cancel their licences in 60 days after they accumulated N30.1 billion energy invoice debts for July 2019. In a notice signed by Dafe Akpeneye, the Commissioner for Legal, Licencing and Compliance, published today, NERC directed Abuja, Benin, Enugu, … Kaji Koh:🤔 just revoke the license. period.This privatisation landed us in this abyss. A bad idea from the very beginning.Revoke all the licences.
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Buhari stops salary of workers not on IPPIS, speaks on FG recruitment - Daily Post NigeriaPresident Muhammadu Buhari has declared that any Federal Government worker not captured on the Integrated Payroll and Personnel Information System (IPPIS) Is there time to go for president 2023 thanks
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FG may revoke Abuja, Ikeja, six Discos’ licencesAbout time They should also revoke BEDCpower Good move
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