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Ministry of Petroleum Resources

P&ID scandal: Court didn’t consider Nigeria’s fraud allegations – UK judge

Indications have emerged that Nigeria’s plans to have the $9.6bn awarded in favour of Process and Industrial Developments nullified on the grounds of the allegation of fraud regarding the Gas Supply Processing Agreement may fail.
The Minister of Information and Culture, Alhaji Lai Mohammed has assured the international community that President Muhammadu Buhari’s new administration will be more determined in the fight against corruption.

P&ID scandal: Federal government to appeal $200 million conditional award for stay of execution

The Federal Government will appeal the order of a UK commercial court awarding $200 million conditional payment for granting stay of execution in a judgment debt against Nigeria over a botched gas contract.
The Minister of Information and Culture, Alhaji Lai Mohammed has assured the international community that President Muhammadu Buhari’s new administration will be more determined in the fight against corruption.

Nigeria hopeful of setting aside N9.6bn judgement debt – minister

The Minister of Information and Culture, Alhaji Lai Mohammed, has expressed optimism that the entire arbitration decisions and judgment debt of N9.6 billion against Nigeria by a UK court over a botched gas contract would be set aside.

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.
The President of the Senate, Ahmad Lawan, has unreservedly condemned the shameful assault on former Deputy President of the Senate, Senator Ike Ekweremadu, on Saturday in Nuremberg, Germany.

Senate calls for improved palm oil production

The Senate on Tuesday called on Federal Government to support improved production of palm oil to meet domestic need of the market and increase exports for forex exchange earnings.
Abubakar Malami

P&ID scandal: Nigeria may file fresh suit to challenge contract

Towards filing an appeal against a London court judgment which endorsed the $9.6 billion arbitration tribunal award to the Process and Industrial Development (P&ID) Limited, a Federal Government delegation which left Abuja for London on Saturday is expected to hold a press conference today to sensitise the global audience.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

We have no plan to divest federal government’s stakes in joint-venture oil assets –...

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

P&ID scandal: Suspect Grace Taiga remanded in prison

A Nigerian female accomplice of embattled P&ID firm, Mrs Grace Taiga, has been remanded in Suleja Prison according to an EFCC press statement.
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Reduction of Nigeria’s oil JVs equity my priority – minister

The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.

New P&ID scandal suspect suffers from severe hypertension – lawyer

A former Director, Legal Services of the Ministry of Petroleum Resources, Mrs. Grace Taiga, standing trial in connection with the controversial P&ID $9.6bn judgment against Nigeria suffers from “a whole lot of ailments”, her lawyer, Ola Olanipekun (SAN), said on Friday.g
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

P&ID scandal: EFCC set to arraign another suspect

The Economic and Financial Crimes Commission will on Friday arraign another suspect linked to the controversial Gas Supply Project Agreement which led to the recent $9.6bn judgment given against Nigeria and in favour of Process and Industrial Developments by a British court.
An Ilorin, Kwara State lawyer Olarewaju Aluko and his client, Taiye Na’Allah, on Thursday sued the Economic and Financial Commission (EFCC) at a Kwara State High Court for alleged defamation of character.

P&ID scandal: EFCC set to charge ex-petroleum ministry official

The Economic and Financial Crimes Commission (EFCC) will today charge a former Director, Legal Services, Ministry of Petroleum Resources, Grace Taiga, to court.
Head of the Civil Service of the Federation, Mrs Winifred Oyo-Ita

President Buhari sends Winifred Oyo-Ita on indefinite leave

Nigeria’s President Muhammadu Buhari Wednesday directed the head of service Winifred Ekanem Oyo-Ita to proceed on an indefinite leave to allow conclusion of the investigation being carried out by the Economic and Financial Crimes Commission (EFCC).
Alfa Belgore, former Chief Justice of Nigeria (CJN), collected only $50,000 as consultancy fee in his legal advice that helped P&ID secure a $9.6 billion judgment against Nigeria.

Ex-CJN Alfa Belgore collected $50,000 consultancy fee from P&ID’s lawyers

Alfa Belgore, former Chief Justice of Nigeria (CJN), collected only $50,000 as consultancy fee in his legal advice that helped P&ID secure a $9.6 billion judgment against Nigeria.

BPP saves N26.86 billion from inflated federal government contracts in 2018

The Bureau of Public Procurement (BPP) says it saved more than N26.86 billion for the Federal Government in 2018 alone, by revising down inflated contract sums by government contractors.

P&ID: Protesters want British court ruling against Nigeria reversed

Dozens of protesters, on Tuesday, in Abuja expressed their dissaproval over the $8.9 billion arbitral award granted against Nigeria by a U.K court over a botched gas deal with a foreign firm, P&ID.

$9 billion judgment: P&ID chief names ex-Presidents Yar’Adua, Jonathan, ex-NNPC GMDs, 15 others behind...

The founder of Process and Industrial Developments (P&ID), Michael Quinn admitted to have had audience with the late President Umaru Yar’Adua, ex-Minister of Petroleum Resources, Dr. Rilwanu Lukman, a former Group Managing Director of the Nigerian National Petroleum Corporation, Shehu Ladan, and 15 others over the Gas Supply and Processing Agreement (GSPA).
Ibrahim Magu

Ibrahim Magu: We’ll soon expose, prosecute everybody involved in failed P&ID contract

The Acting Chairman of the Economic Financial Crimes Commission (EFCC), Ibrahim Magu, has declared that the commission will expose and prosecute all those behind a contract whose alleged breach led to the $9.6billion British court judgment against Nigeria.

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NBS: Nigeria’s most imported goods are from China

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Both Governor Simon Lalong and Senator Gyang have noted that the purported invitation for the turbaning of one Alhaji Samaila Abdullahi as Sarkin Kerana is a threat to the peaceful coexistence of the people of the North-Central State.

Plateau designates seven courts to prosecute 307 ‘looters’

The Plateau State Government has designated seven courts to prosecute 307 suspected Covid-19 palliative looters in the state.
The Police Command in Plateau has arrested 16 suspects over kidnapping, armed robbery, culpable homicide and unlawful possession of firearms.

Police arrest 51 ‘looters’ in FCT

The police command in the Federal Capital Territory (FCT) has arrested 51 suspected looters and recovered some stolen items at Jabi-Daki-biu, Idu industrial Estate Karim area.