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British Virgin Islands

P&ID gives Nigeria condition to negotiate $9.6 billion award

Following the ruling of the UK court on Thursday, Process and Industrial Developments Limited (P&ID) on Sunday gave Nigeria condition for negotiating the $9.6 billion awarded in its favour.

Nigeria to shift battle over $9.6 billion judgment debt to UK appeal court

The battle between Nigeria and Process and Industrial Developments (P&ID) over the bid to stop the company from attaching the country’s assets to recoup the $9.6 billion arbitral claim it secured last month, is set to shift to the United Kingdom Appeal Court.

UK judge to allow Nigeria to appeal ruling on $9 billion P&ID case

A UK judge on Thursday gave Nigeria permission to seek to overturn a ruling that would have allowed a private firm to try to seize more than $9 billion in assets from the West African country.

Court orders forfeiture of P&ID assets to federal government

The court also convicted the suspects arraigned on allegations of fraudulent involvement in the 2010 contract between the Nigerian government and the firm worth $9.6b.
ladol free trade zone

Questioning LADOL indigenous status

It is no longer news that a company called LILE (LADOL Integrated Logistics Enterprise) which is a duly registered company in the British Virgin Islands owns the Lagos Deep Offshore Logistics Base (LADOL).

British firm seeks $9 billion Nigerian government asset seizure over unpaid gas project arbitration

A firm incorporated in the British Virgin Islands will ask a British court on Friday for the right to seize up to $9 billion of Nigerian government assets - some 20% of the oil-rich nation’s foreign reserves - over an aborted gas project.

Looted Abacha’s £211 million seized by British court

A British court has seized 211,000,000 million pounds looted by the former Nigerian dictator and military head of state, General Sani Abacha.
Footballer Cristiano Ronaldo has pleaded guilty to tax evasion, accepting a fine worth 18.8 million euros ($21.4m) and a suspended 23-month jail term after a pre-agreed deal with Spanish tax authorities last year.

Cristiano Ronaldo fined €18.8 million in tax evasion case

Cristiano Ronaldo has pleaded guilty to tax evasion, accepting a fine worth 18.8 million euros ($21.4m) and a suspended 23-month jail term after a pre-agreed deal with Spanish tax authorities last year.
Cristiano Ronaldo

Cristiano Ronaldo faces multi-million tax fraud fine in Madrid court

Cristiano Ronaldo is returning to Madrid for a court date on Tuesday in which he could be fined 18.8 million euros ($21.4 million) for tax fraud as part of a deal reached with the Spanish taxman.
Jose Mourinho

Jose Mourinho accepts one-year suspended prison sentence for tax evasion in Spain

Manchester United manager, Jose Mourinho, has accepted a suspended one-year prison sentence after defrauding the Spanish tax authorities of around €3.3million ($3.8m).

Oando: We are not a party to London arbitration

Oando PLC’s shareholders can heave a sigh of relief as the Company, has set the record straight following claims in the mediawhich implied that Oando has been ordered by the London Court of International Arbitration (LCIA) to pay Ansbury Investment Inc. $680 million

VAIDS: Federal govt reviews data of 130,000 high net worth persons, companies

The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and companies that have potential tax underpayments.

Report: President Buhari writes UK fraud office, demands probe of Senators Saraki, Ekweremadu

President Muhammadu Buhari has reportedly written to the United Kingdom Serious Fraud Office (SFO) requesting that Senate President Bukola Saraki and Ike Ekweremadu, deputy senate president, be investigated.

European Union denounces ‘shocking’ Paradise Papers revelations

The European Union on Monday denounced as “shocking” revelations on the way top companies and dignitaries, including Britain’s Queen Elizabeth II, avoid taxes using offshore wealth hubs.

Pakistani court issues arrest warrant for ex-PM Nawaz Sharif – media

A Pakistani court issued an arrest warrant for ousted Prime Minister Nawaz Sharif after he failed to appear before the court over anti-corruption allegations.

Ousted Pakistani premier appears before anti-corruption court

Ousted Pakistani Prime Minister Nawaz Sharif has appeared before an anti-corruption court in the capital Islamabad, putting to rest the possibility of political unrest if he boycotted proceedings.

Hurricane-hit Dominica to get £5m in UK aid to assist recovery

The hurricane-hit island of Dominica is to receive £5m in UK aid to help the recovery effort, it has been announced.

Puerto Rico, Virgin Islands brace for Hurricane Maria

Hurricane Maria closed in on the Virgin Islands and Puerto Rico Wednesday as forecasters warned of a "potentially catastrophic" storm that has already killed at least two people in the Caribbean.

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