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PROCESS AND INDUSTRIAL DEVELOPMENTS LTD (P&ID)
As we commence the sojourn into the final quarter of 2019, we muse on what has been an eventful third quarter in Nigeria’s fixed income market.
A team of Nigerian delegates have departed to the United Kingdom to quash an earlier judgement as regards the court case between the FG and P&ID.
The EFCC has arraigned two representatives of Process and Industrial Developments Ltd (P&ID) on 11 counts of fraud and tax evasion.
There is a possibility that the Nigerian government may again be fined for the alleged breach of contract on Mambilla Hydroelectric project.
A British court has granted an Irish Firm, Process and Industrial Developments Ltd (P&ID) the right to seize $9 billion in assets from the Nigerian Government over a failed gas project.