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Nigeria’s Federal Government (FG) on Friday filed a new and substantive challenge in the English Courts in the ongoing fight against the vulture-fund-backed P&ID.
Human rights lawyer and Senior Advocate of Nigeria (SAN), Mr. Femi Falana, has accused the federal government of disobeying valid court orders in Nigeria while it complies with orders from the United Kingdom.
The Economic and Financial Crimes Commission (EFCC) has called on the Federal High Court, Abuja, not to grant the application for bail variation by the British national, James Nolan.
President Muhammadu Buhari has authorised the release of $200 million in the $9.6 billion awarded against Nigeria in its case with Process & Industrial Development (P&ID).
The Federal High Court, Abuja, on Friday, adjourned the hearing on the application for bail variation of James Nolan, a Briton, until Nov. 27.
The Economic and Financial Crimes Commission (EFCC), on Thursday, filed fresh charges against James Nolan, a Briton, at the Federal High Court, Abuja.
The Federal Government has revealed that it is adopting enhanced strategies to set aside the $9.6 billion award to P&ID and possibly nullify the entire contract.
A principal witness, CSP Umar Babangida, on Wednesday alleged that Grace Taiga, a former director, Legal Services in the Ministry of Petroleum Resources, played a major role in the fraudulent gas supply agrrement between the Federal Government and Petroleum and Industrial Development (P&ID).
Abubakar Malami, the Attorney General of the Federation, has said Nigeria is owing over N150 billion in judgement debt.
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.
As Nigeria marks its 59th independence anniversary, President Muhammadu Buhari has ordered the Ministry of Finance, Budget and National Planning to release the sum of N600 billion for capital expenditure within a three-month time frame.
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 Federal Government has expressed pleasure with the UK Court Stay of Execution Order of the $9.6bn judgment it delivered in favour of Process and Industrial Developments in August.
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.
Reprieve came the way of Nigeria on Thursday as a UK Commercial Court granted a stay of execution of the $9.6 billion judgment debt made against the country over a botched gas contract.
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.
Nigeria strikers, Paul Onuachu and Stephen Odey were on parade for their Belgian side Genk on Friday.
The Federal Ministry of Health (FMOH), says there is no vaccine available yet against Lassa fever in the country.
Bordeaux manager Paulo Sousa says Samuel Kalu now has a better attitude towards training.
Manchester United striker Odion Ighalo could equal a goal record held by Chelsea manager Frank Lampard if he gets to score in his Old Trafford debut against his former club Watford on Sunday.
The 27-year-old, who works in the southwest city of Chengdu, only realised something was amiss as the clock ticked midnight into the year of the rat on January 25.
The Lagos State Government on Tuesday inducted 1,000 newly employed secondary school teachers to boost education standards in the state.
A human rights lawyer, Femi Falana (SAN), said on Sunday, the Presidency lacked the power to stop people from protesting alleged poor handling of the country’s security challenges by the military.
Everton are still counting their loses over the selling of a prolific star, Ademola Lookman, to a German side, RB Leipzig.
Ever since striker, Odion Ighalo, landed at Old Trafford on a short-term loan, he has enjoyed unwavering support from Manchester United manager, Ole Gunnar Solskjaer, despite criticisms from some former stars and pundits.
The Kogi State Commissioner for Education, Science and Technology, Hon. Wemi Ojo Jones, has charged all heads of institutions in the state to intensify action in eradicating cultism in schools as directed by the Governor, Alh. Yahaya Bello.