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Alex Enumah in Abuja Justice Inyang Ekwo of the Abuja Division of the Federal High Court yesterday ratified the appointment of a liquidator for Process and Industrial Developments (Nigeria) Limited (P&ID Nigeria), a company registered in Nigeria. The federal government, acting through the Economic and Financial Crimes Commission (EFCC), had appointed the liquidator to help trace and secure all assets and property of the P&ID Nigeria, which the court earlier ordered to be forfeited to the Nigerian Government after the firm’s conviction in a September 19, 2019 judgment. While delivering ru...

Alex Enumah in Abuja Justice Inyang Ekwo of the Abuja Division of the Federal High Court on Friday ratified the appointment of a liquidator for Process and Industrial Developments (Nigeria) Limited (P&ID Nigeria), a company registered in Nigeria. The federal government, acting through the Economic and Financial Crimes Commission (EFCC), had appointed the liquidator to help trace and secure all assets and property of P&ID Nigeria, which the court earlier ordered to be forfeited to the Nigerian government after the firm’s conviction in a September 19, 2019 judgment. While delivering ruling in...

ADVERTISEMENT ADVERTISEMENT Nigeria Again Targets Asset Manager In $10B Award Fight Law360 (January 11, 2021, 9:59 PM EST) -- Nigeria has opened another front in its bid to prove that a $10 billion arbitral award against it relating to a failed natural gas processing deal was connected to an alleged bribery scheme, this time seeking evidence it says is needed to have the award set aside in England. The west African nation told a New York federal court that it's trying to combat Process and Industrial Developments Ltd.'s alleged efforts to sweep its fraudulent activities under the rug — des...