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Daily Archives: September 19, 2019

Breaking- $9.6b P&ID case: Nigeria meeting with legal consortium next week in UK – Malami

Breaking- $9.6b P&ID case: Nigeria meeting with legal consortium next week in UK – Malami

    Minister of Justice and Attorney General of the Federation, Abubakar Malami, has said Nigeria is meeting with its legal consortium early next week in UK in preparation for the case with Process and Industrial Development (P&ID) Limited against Nigeria listed for 26th September. A recent judgment of a British court empowered the firm to seize about $9.6bn worth ... Read More »

Breaking: Court winds up P&ID, orders forfeiture of assets to FG

  The Federal High Court in Abuja has convicted and subsequently ordered the winding up of Process and Industrial Development Limited and its Nigerian affiliate, P&ID Nigeria Limited, for charges of fraud and tax evasion in respect of the contract leading to the recent controversial judgment of a British court empowering the firm to seize about $9.6bn worth of Nigerian ... Read More »

Osinbajo and signs of end to honeymoon in Aso Rock

Osinbajo and signs of end to honeymoon in Aso Rock

  Early in the week, President Muhammadu Buhari announced a crack team of economists, led by Prof. Doyin Salami, as members of his Economic Advisory Council (EAC). The team replaces the Economic Management Team (EMT) headed by Vice President Yemi Osinbajo. Aside from Salami, a respected Professor of Economics at the Lagos Business School, who sits on the Central Bank of ... Read More »

LAGOS PLEDGES SUPPORT FOR MILITARY SCHOOLS

LAGOS PLEDGES SUPPORT FOR MILITARY SCHOOLS

  …Sanwo-Olu Hosts 81 Division Commander The Lagos State Government will be supporting secondary schools established by the military formation across the State to increase access to education for residents. The move was disclosed on Wednesday by Governor Babajide Sanwo-Olu while receiving the General Officer Commanding (GOC) of the 81 Division of the Nigerian Army, Major-General Olu Irefin, on a ... Read More »

Opinion: Three reigns and a new king, By Dare Babarinsa

Opinion: Three reigns and a new king, By Dare Babarinsa

  *Oba Ajibade Gbadegesin Ogunoye* This is a roaring time for the people of Owo, an ancient town in Ondo State. The town has just installed a new traditional ruler, Oba Ajibade Gbadegesin Ogunoye, the Olowo of Owo. Another son, Rotimi Akeredolu, is the governor, the second son of the city to be so elected. The ascension to the throne ... Read More »

Analysis-100 days: Has Gov. Zulum justified his one million votes?

Analysis-100 days: Has Gov. Zulum justified his one million votes?

  By Hon. Tanimu Adamu Tahir With over one millions votes in unprecedented victory at the March 2019 governorship polls, expectations were expectedly high from Borno’s 7th elected Governor, Prof Babagana Umara Zulum. His first 100 days, May 29 to September 6, 2019, became a yardstick readily available to voters in measuring if indeed the academic don turned politician, merited ... Read More »

Breaking-$9.6bn contract: P&ID’s officials plead guilty as EFCC drags them to court

  Representatives of the Process and Industrial Development Ltd (P&ID) have pleaded guilty before the Federal High Court in Abuja to charges of fraud and tax evasion instituted against them. The Economic and Financial Crimes Commission (EFCC) on Thursday, arraigned two firms that were linked to the controversial oil contract (P&ID) that led to the judgement of the British Court ... Read More »