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After a long, tortuous legal battle, it was a ‘sweet’ win for Nigeria yesterday, and a narrow escape from a hefty penalty over a failed 2010 deal to develop a gas processing plant in the country
The Economic and Financial Crimes Commission (EFCC), on Tuesday, opened its case at the Federal High Court (FHC), Abuja, against the British National, Mr James Nolan, who jumped bail in 2022.
Alleged P&ID scam: EFCC opens case against fleeing Briton, James Nolan. The Economic and Financial Crimes Commission (EFCC), on Tuesday
The Economic and Financial Crimes Commission, EFCC, has applauded the dismissal of the arbitrary $6.6 billion judgment against Nigeria, won by the Process & Industry Development, P&ID Ltd, over a failed 2010 deal to develop a gas processing plant in the country. A United Kingdom Judge, Robin Knowles of the Business and Property Court in London, on Monday, October 23, 2023, ruled that the award was obtained by fraud and that what happened in the case was contrary to public policy.
Justice Obiora Egwuatu, in a ruling, also ordered Kadiri, an Igala chief, who was absent in court, to be remanded in prison custody until the payment of the N100 million.