Nigeria: P&ID Case - We've Recovered $200m Bond, $10m Award

Nigeria: P&ID Case - We've Recovered $200m Bond, $10m Award

Abuja -- The Federal Government, yesterday, said it has recovered the sum of $200million and another $10 million award it deposited as bond before a court in the United Kingdom.

Nigeria Recovers $200m Bond in P&ID Case, Targets Full Cost Reimbursement Amid UK Legal Victory

The Nigerian government has recovered the $200 million bond it deposited ahead of arbitration proceedings in its legal battle against Process & Industrial Developments (P&ID) over an $11 billion judgment that was later quashed by a UK court. The recovery marks another significant milestone in the country’s determined effort to overturn one of the biggest […] The post Nigeria Recovers $200m Bond in P&ID Case, Targets Full Cost Reimbursement Amid …

P&ID: Nigeria Recovers $200m, $10m Bond from UK

By Adedapo Adesanya The federal government has recovered the sum of $200 million and another $10 million award it deposited as a bond in a UK court towards its defence of the $11 billion arbitrary award to Process and Industrial Development (P&ID) Limited. This was disclosed by the Attorney-General of the Federation and Minister of […]

Nigeria Wins $200M Bond in P&ID Legal Battle

The Nigerian government has successfully reclaimed a $200 million bond previously paid during arbitration tied to the controversial Process and Industrial Development (P&ID) case. This comes after a decisive legal victory overturning an $11 billion claim against the country.During a press conference at the Office of the Attorney General, key officials confirmed the bond’s release … The post Nigeria Wins $200M Bond in P&ID Legal Battle  appeared …

P&ID Case: FG recovered $200 million bond, eyes ‘tens of million pounds’ in legal costs

The Federal Government of Nigeria, through the Office of the Attorney General of the Federation, announced on Thursday that it has recovered a $200 million bond paid in arbitration prior to its victorious case against Process and Industrial Development (P&ID) regarding the $11 billion award.  The post P&ID Case: FG recovered $200 million bond, eyes ‘tens of million pounds’ in legal costs  appeared first on Nairametrics.