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UK Commercial Court
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 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.
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.
The Lagos State House of Assembly says a bill that will make operators of lottery, pools and betting in the state to pay N20 million as licence fees to the state government is underway.
Facebook is launching a new digital platform that will let event organizers create paid online events to try to fill the gap created by the COVID-19 pandemic, the social media giant announced on Friday.
The Managing Director of Cross River Basin Development Authority has been suspended from office by the board of the agency.
The National Working Committee (NWC) of the Peoples Democratic Party (PDP), acting on behalf of the National Executive Committee (NEC), has reconstituted the Kaduna State Caretaker Committee.
American singer and songwriter, Miley Cyrus, says she lost her virginity to her ex-husband, actor Liam Hemsworth at the age of 16.
Facebook has removed one of the largest public QAnon groups for violating the company’s policies on misinformation, bullying, hate speech, and harassment, Reuters reported. The group, called Official Q/Qanon had almost 200,000 members, was deleted after numerous posts were taken down. A Facebook spokesperson told Reuters that the company was monitoring other QAnon groups as well.
French champions Paris Saint-Germain are reportedly weighing up a move for Nigeria striker Odion Ighalo.
The Association of Local Governments of Nigeria, ALGON, yesterday, said it has since retrieved its $2.6 billion unremitted Paris Club Loan Refund meant for local councils in the country but which was disbursed to the state by the federal government.
Members of Parents Teachers Association, PTA, Grace High School, Gbagada, Lagos, have protested the school’s directives that students, who are preparing for the forthcoming West African Senior School Certificate Examination, WASSCE, lodge in hotels to meet up with the timing of the exam.
The NFF Executive Committee has been given the go ahead by the leadership of the Federal Ministry of Youth and Sports, to share the two million dollar (#772m) fund from FIFA across the various clubs and governing bodies of the various Leagues.