Page 5 - Industrial Developments News Today

The English Court has upheld a challenge to an US$11 billion arbitration award against Nigeria on grounds that it was obtained fraudulently and “only by practising the most severe...

Judge’s High Court ruling triggers questions over whether process needs reform

Nigeria might have heaved a sigh of relief after Justice Robin Knowles of the Commercial Courts of England and Wales, ruled in its favour in a case against

On October 23, Justice Robin Knowles CBE, of the High Court of Justice, commercial court of Business and Property Courts of England & Wales, the

The P&ID saga exposes the depth of corruption and lack of patriotism by Nigeria’s officials and consultants, including lawyers.

Organized Crime and Corruption Reporting Project

Top 15 News Roundup For Latest Nigeria News October 30

The judge of the Commercial Court of England & Wales, Justice Robin Knowles, last week saved Nigeria from becoming a victim of a monumental financial scam to the tune of $11 billion (approximately N13 trillion), or half of the country’s proposed 2024 budget. If the ruling had gone in favour of the crooks, the Process…

It also underlines the need for governmental transparency and due diligence in making contracts. In late October London’s High Court overturned an arbitration

Former president, Muhammadu Buhari, has hailed the recent victory in the $11 billion Process & Industrial Developments (P&ID) arbitration award