The Federal Government, on Thursday, said that it has recovered the sum of $200 million and another $10 million award it deposited as bond before a court in the United Kingdom. The Attorney General of the Federation (AGF) and Minister, Ptimce Lateef Fagbemi said the funds were deposited while the Federal Government defended a legal action that a company, Process …

Legal luminary, Prof. Itse Sagay (SAN), has denied reports linking to the failed attempt by a firm, Process and Industry Development (P&ID), to scam the Federal Government of $11 million. Sagay, who was the Chairman of the defunct Presidential Advisory Committee during the last administration, was alleged to have acted as a consultant to the firm during its legal tussle …

Justice Robin Knowles of the Commercial Courts of England and Wales, United Kingdom has ruled in favour of Nigeria in the enforcement of a $11 billion Process & Industrial Developments (P&ID) Limited arbitration award. With the judgement handed down physically in the open court, and electronically by email to the parties on Monday, Nigeria succeeded in stopping the enforcement of …