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Ministry of Petroleum Resources
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 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 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.
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.
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.
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 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.
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 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.
The Economic and Financial Crimes Commission (EFCC) will today charge a former Director, Legal Services, Ministry of Petroleum Resources, Grace Taiga, to court.
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.
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.
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).
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.
Vice-President Yemi Osinbajo will be heading a committee that has six state governors as members to engage youths, representatives of Civil Society Organisations, religious and traditional leaders on the fallout of the recent #EndSARS protests.
Pep Guardiola says the Manchester City considered signing a striker in the summer but finding one of the requisite quality proved elusive.
The National Bureau of Statistics (NBS) has revealed that a total of 31.41 per cent of goods imported into Nigeria are from China.
The Plateau State Government has designated seven courts to prosecute 307 suspected Covid-19 palliative looters in the state.
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.
Bagudu, while kick-starting the exercise at Bese town, Koko-Bese Local Government area of the state, expressed appreciation for the generosity and kind gesture of the Chief of Army Staff, Lt-Gen. Tukur Buratai.
Club Brugge began their 2020-21 Champions League campaign with a 2-1 triumph over Zenit St. Petersburg.
The Academic Staff Union of University (ASUU), Ebonyi State University Chapter, has urged the State government to prioritise University Education to improve the system.
The Lagos State Government has said it will be prosecuting all suspected hoodlums arrested in connection with the mayhem unleashed on the state between Tuesday and Wednesday in the aftermath of Lekki toll gate shootings by soldiers.
Trump voted at a library serving as a polling center in Florida, where he has a home and to which he switched his residency from his native New York.