- Advertisement -
Home News Court approves appointment of liquidator for P&ID

Court approves appointment of liquidator for P&ID

- Advertisement -Court approves appointment of liquidator for P&ID 4

Justice Inyang Ekwo of the Federal High Court, Abuja, on Friday approved the appointment of a Federal Government’s liquidator for Process and Industrial Developments (Nigeria) Limited.

The judge gave the approval after the federal government’s lawyer, Bala Sanga, made a presentation on the matter in court.

The P&ID liquidator is an Abuja-based law firm, Messrs Christie Makar of Lexfield Chambers.

The liquidator is expected to help the federal government to trace and secure all P&ID Nigeria assets and property which the court had ordered to be forfeited to the government after its conviction in 2019.

The Economic and Financial Crimes Commission (EFCC) had arraigned P&ID and its Nigerian affiliate over the companies’ unlawful conduct on the controversial Gas Supply Project Agreement in 2010 for which a British court awarded $9.6billion damages against Nigeria in 2019.

The court convicted the firms for infractions in the GSPA on September 19, 2019.

On the liquidator, Justice Ekwo said: “An order is hereby made that the terms of appointment of the said Messrs Christie Makar shall be as contained in the Deed of Appointment dated 12° December, 2019

“An order is hereby made that Process and Industrial Developments (Nigeria) Limited (P&ID Nigeria) is a debtor to the Federal Government of Nigeria upon its assets having been forfeited to the Federal Government of Nigeria wherever situate or found as at 19th September 2019.

READ  Police slam conspiracy, libel suit on Anambra SDP chairman, 15 other executives

“The complainant/applicant is hereby ordered to file the order convicting and winding-up Process and Industrial Developments (Nigeria Limited (P&ID Nigeria) with the Corporate Affairs Commission, forthwith.

READ  Elephants thrive in Ogun’s wild forest

“The complainant/applicant is hereby ordered to file the Deed of Appointment of the liquidator of Process and Industrial Developments (Nigeria) Limited (P&ID Nigeria), dated 12th December 2019 with the CAC forthwith.”

- Advertisement -Court approves appointment of liquidator for P&ID 5
- Advertisement -Court approves appointment of liquidator for P&ID 8
Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read
- Advertisement -Court approves appointment of liquidator for P&ID 9
Related News
- Advertisement -Court approves appointment of liquidator for P&ID 4

1 COMMENT

  1. SEEKING FOR RICH SUGAR MUMMY/DADDY/LESBIAN/GAY
    CONTACT OUR DATABASE ADMINISTRATOR ON (+2348145236851)
    Turn your life around by getting the chance to meet with our Executive sugar mummies
    sugar daddies,gay and lesbian connections all over Nigeria,Benin Republic,Ghana, South Africa,UK,U.S.A,
    Dubai,Paris,Germany and some other countries, you are also entitled to contract opportunities,job offers in good reputable companies within Nigeria ,
    business packages,financial packages and loans offers for businesses
    by meeting our prestigious clients,who are highly rich and influential,powerful,connected,
    we have directors,C.e.o ,senators,managers,politicians,
    oil tycoon,big time Dubai and London based sugar mummies and daddies,we have ladies that owns two to three companies within one state and also ladies thatrun their business organization within
    overseas,so are you good in bed,do you have all it takes to partake in our service,we offered fast reliable service to you anywhere you are within the above
    mention countries
    ,our clients are highly connected and influential people within the society, so contact us now to get an instant hook-up today,
    FACEBOOK NAME/bALOGUN JAMES SUNDAY
    PHONE NUMBERS/08145236851

    WHATSAPP NUMBER/+2348145236851

    AFRICAN DATING AGENCY…..YOUR WISH IS OUR DESIRE……..

Kindly Leave a Comment

%d bloggers like this: