Court

Relief for Naira, Tinubu’s Govt As Nigeria Wins P&ID $11bn Suit in UK Court

VAM News Update

Nigeria has won its case against the Process and Industrial Developments Company, P&ID.

In the case marked CL-2019-000752, the Federal Government sought to overturn an arbitration award in favour of P&ID which has now accrued interest worth $11 billion.

The company had claimed it entered into an agreement with Nigeria to build a gas processing plant in Calabar, Cross River State, but the deal collapsed because the Nigerian government did not fulfil its end of the bargain.

A London High Court has now delivered judgement in Nigeria’s favour.

Details later…

VAM News

Recent Posts

Bandits Reject Ransom, Kill kidnapped Local Govt Director, Councillor

Bandits that reportedly abducted the Director of Planning with Talata Mafara Local Government Area of…

8 hours ago

Osun Amotekun Decorates Senior Officers In Major Rank Promotion Exercise

In a significant milestone aimed at strengthening operational efficiency and leadership structure within the Osun…

11 hours ago

OSUN 2026: Why Senator Iyiola Omisore Should Weigh His Options, By Oluwaseyi Adeniyi (ASP)

By Oluwaseyi Adeniyi (ASP) When a Landlord is beginning to tell a Tenant, "Don't you…

15 hours ago

How a Hit-and-Run Driver Killed Two Police officers in Osun

News Update THE Osun State Police Command has launched a manhunt for a driver involved…

16 hours ago

Full Text: Tinubu marks 3 years in office, defends subsidy removal, other

News Update STATEMENT BY PRESIDENT BOLA AHMED TINUBU (GCFR) ON THE THIRD ANNIVERSARY OF HIS…

19 hours ago

OOPA Hails Yusuf Idowu’s Promotion, Cites Boost for Community Security in Osun

THE Osun Online Publishers Association has congratulated Yusuf Idowu Abass following his promotion to the…

1 day ago