$9.6B fine: Court Orders Forfeiture of P&ID’s Assets to Nigeria; company defiant, threatens

A Federal High Court in Abuja has ordered the forfeiture of all assets belonging to Process and Industrial Development (P&ID) Limited to the federal government. It also convicted two of its directors. But the company remains defiant and says it will continue its efforts to identify and seize Nigerian assets. In a statement by Andrew … Continue reading $9.6B fine: Court Orders Forfeiture of P&ID’s Assets to Nigeria; company defiant, threatens