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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.
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.
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.
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.
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.
A British court has seized 211,000,000 million pounds looted by the former Nigerian dictator and military head of state, General Sani Abacha.
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 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.
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 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
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.
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.
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.
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 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.
The hurricane-hit island of Dominica is to receive £5m in UK aid to help the recovery effort, it has been announced.
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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The Management of the University of Ilorin (UNILORIN) says it has promoted 968 staffs in the 2019 promotion examination.
Nigeria born England international Tammy Abraham is on the verge of landing a boost on his Chelsea contract it has been revealed.
A Civil Society Organisation (CSO), the Accountable Leadership For Better Nigeria Initiative, ALBNI, has called on President Muhammadu Buhari to relieve the Minister of State for Petroleum Resources, Timipre Sylva, of his duties over claims by the latter that debt owed the federal government by the International Oil Companies, IOCs, would be difficult to recover legitimately.
Veteran Nollywood actress, producer and TV personality, Monalisa Chinda, has called for improved welfare and better working environment for Nigerian actors.
A Federal High Court in Lagos has ordered the interim forfeiture of two properties in Ikoyi, Lagos, belonging to former Senate President, Dr. Bukola Saraki.
The Kaduna State Government has shortlisted 5,351 job applicants for the second stage of the interview.
Nigerian artistes have been advised to tone down the preaching on ”get rich or die trying messages” in their songs, as many young people look up to them as role models.
An oncologist, Dr Olalekan Olasehinde, has called on women to go for breast screening, saying not all breast lumps are cancerous.
Hundreds of internally displaced persons (IDPs) registered for relief financial packages under Youth Empowerment and Social Support Operations (YESSO) protested in the Adamawa State capital, Yola, on Monday over bogus payments that reached only a small fraction of them.
The Lagos State Police Command has arrested an 18-year-old Elikor Ehud, in Ejigbo area of the state for allegedly stealing tithes and offerings belonging to Chosen Vine Ministry, Furniture Avenue.