P&ID is a sole purpose company founded in 2006 by Michael Quinn and Brendan Cahill, who have a long track-record of successful public works projects in Nigeria. P&ID and Nigeria entered into a 20-year Agreement – known as the Gas … Read More
Why does the Nigerian government owe P&ID over $9 billion?
Despite entering into a binding contract with P&ID, ultimately the Nigerian government reneged on the deal — failing to build a pipeline and deliver the gas for the refining process. In 2012, after several years and attempts to find a … Read More
What are the consequences for Nigeria of this decision to rip up the contract with P&ID?
The economic costs are astronomical. Instead of benefitting under the Agreement with P&ID by receiving free processed gas that could have helped provide electricity to Nigerians, the Nigerian government’s decision to renege on the deal means that it now must … Read More
Why did P&ID pursue arbitration, as well as pursuing legal action in the U.K and U.S. courts, instead of reaching an amicable settlement with the Nigerian government?
Arbitration commenced in August 2012, after P&ID tried in vain to persuade the Nigerian government to honor the deal for more than two years. These efforts included the exploration of possible adjustments to the Agreement, which P&ID was prepared to … Read More
If the U.S. and U.K. courts confirm that P&ID can proceed to enforce the arbitration award against the Nigerian Government, what does this mean?
Should the U.K. and U.S. courts agree, P&ID can take enforcement actions to satisfy the award against the Nigerian government by seizing its commercial assets in those countries. The Buhari administration can of course avoid having its assets seized by … Read More