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NIGERIA Issue dated 07/07/2020

P&ID affair: VR Advisory Services tries to avoid further questioning by Nigeria over $9bn compensation award

Cayman Islands-registered asset manager VR Advisory Services, which has a 25% stake in the capital of P&ID, has asked an American court to quash the summons with which it has been served in its $9bn legal dispute with Nigeria over a failed LNG project. [...] (335 words)
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On the same subject
Minister of Justice and Attorney General Abubakar Malami.
Focus NIGERIA UNITED KINGDOM 05/10/2020

After his "victory" over P&ID, Abubakar Malami establishes himself as Buhari's anti-corruption supremo 

Attorney General Abubakar Malami, who enjoys particularly close relations with President Buhari, has in less than 10 years become Nigeria's self-proclaimed champion in the battle against the misappropriation of public funds. His role in preventing oil company P&ID from seizing state assets worth $9bn has served as a springboard in this respect and helped him to sideline his main rival. [...]

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