P&ID procures a gas supply and processing agreement (GSPA) to develop a sophisticated processing plant for the Federal Republic of Nigeria.
Attorney General Malami Witness Statement No.4 item 38 p.19 (2019)January 11, 2010
Three years after the collapse of the agreement, a new President, Muhammadu Buhari, is voted into office on an internationally recognised anti-corruption platform.Read MoreMay 29, 2015
The private arbitration tribunal orders Nigeria to pay P&ID just under US$6.6 billion with interest accruing from 20 March 2013 at a rate of seven per cent, which equates to more than US$1 million a day. It now stands at nearly US$10 billion.Read MoreJanuary 31, 2017
Nigeria’s Attorney General Abubakar Malami starts a formal investigation into P&ID and the GSPA, at President Buhari’s direction.
Attorney General Malami Witness Statement No.4 item 59 p.26June 28, 2018
Two Britons associated with P&ID, (one of whom is a signatory of P&ID accounts), are charged with 16 counts of money laundering, in connection to the GSPA. This is later increased to 32 counts.Read MoreOctober 22, 2019
Nigeria’s former Justice Minister, at the time the GSPA was made, is arrested.Read MoreDecember 19, 2019
The London High Court sets out a timeline to formally hear Nigeria’s challenge.Read MoreJanuary 24, 2020
The English Commercial Court delivers an unprecedented judgment allowing the FRN permission to proceed with its challenge to the $10 billion arbitral award made against it over three years ago.Read MoreSeptember 4, 2020
P&ID revealed that it has been in possession of numerous documents which might be confidential to the Federal Republic of Nigeria. These include documents from the time of entry into the GSPA and legal advice provided to Nigeria as to how to defend the arbitration. One of the email threads confirmed at least one of the suppliers of these confidential documents to have been Ms Olufolakemi Adelore, using an email address to communicate with P&ID’s agent and middleman Mr Adetunji Adebayo.October 29, 2021
Brendan Cahill is arrested and detained as part of an investigation into the alleged bribery of Nigerian officials in relation to the deal between P&ID and the Federal Republic of Nigeria.December 22, 2021
The British Virgin Islands Court of Appeal hears the case to overturn a judgment handed down by the BVI High Court on 27 July 2021, refusing the FRN's application for disclosure.Read MoreJanuary 13, 2022
A New York federal court rejects the arguments of VR Capital, which acquired a 25% of P&ID in 2017, to withhold documents detailing the deal with P&ID, granting Nigeria’s legal team unprecedented access to important documents.April 23, 2022
A hearing in the London High Court establishes that it would be reasonable and proportionate for P&ID to disclose further information related to private messages sent between key figures associated with the company over a period of several years, based on the evidence summarised in this Skeleton on behalf of the FRN.
During the hearing, it became apparent that Mr Trevor Burke QC, one of two P&ID representatives who received confidential documents concerning the FRN by email, is the nephew of Mr Michael Quinn, the founder of P&ID. Mr Burke QC allegedly acted for P&ID without any written retainer in place and received payments of up to US$ 3.5 million. These payments were not paid through his chambers, Three Raymond Buildings, and he stands to receive around US$750 million in the event P&ID is successful in enforcing the award.Read MoreJuly 15, 2022
The fraud trial began in London. The Federal Republic of Nigeria’s substantive application to finally set aside the fraudulently procured US$11 billion award is heard in the High Court.Read MoreJanuary 2023