News
BREAKING: $9.6bn Fine: UK court grants stay of execution of judgement
A United Kingdom court has granted the Federal Government’s request to stay execution of the $9.6bn judgment it delivered in favour of Process and Industrial Developments in August this year.
The order for stay of execution was conditional.
In the ruling on Thursday, the court said that Nigeria must pay a sum of $200m into the court’s account within 60 days for the stay of execution to be effective.
P&ID secured the damages against Nigeria following a failed Gas Supply Project Agreement (GSPA) contract between it and the Federal Ministry of Petroleum Resources.
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami in a brief from London said, “Application for leave to appeal against the award and enforcement of the award is granted”.
NAPTIP, UK Government Unite to Amplify Voices of Trafficking Survivors
Conoil Valentine Bonanza Winners Emerge
Sophos Active Adversary Report 2026: Identity attacks dominate as threat groups proliferate
LASG Acquires New Outboard Engines For Optimum Boat Performance
Elon Musk builds Hotel in Mars, Sets to launch soon at $5million per night – Photos
We Do Not Accept Refugee Application Directly From People – Canadian Govt.
-
Business3 days agoNo More “Job” Scandals: QNET Unveils 2026 Plan to Protect Nigerians from Fake Recruitment
-
GRTech2 days ago
Sophos Active Adversary Report 2026: Identity attacks dominate as threat groups proliferate
-
Travel9 hours ago
NAPTIP, UK Government Unite to Amplify Voices of Trafficking Survivors
-
Energy11 hours ago
Conoil Valentine Bonanza Winners Emerge
