Theophilius Danjuma in dispute with P&ID over facility designs Added problem for firm as it faces trial to overturn damages

William Clowes
17 November 2022, 05:00 GMT+1
A firm owned by a billionaire former Nigerian defense minister is suing an ex-business partner that’s at the center of a high-stakes London trial over an $11 billion arbitration award, previously unreported court documents show.

A UK tribunal ordered Nigeria’s government in 2017 to pay Process and Industrial Development Ltd $6.6 billion in damages after a gas-supply deal soured, and the amount has ballooned with interest. Theophilius Danjuma’s Tita-Kuru Petrochemicals Ltd. brought its own arbitration claim against P&ID in London in 2020, alleging that its designs had been “unlawfully misappropriated” to secure the gas contract, Nigeria said in a filing to a UK court in February.

Cc: Mynd44 nlfpmod
https://www.bloomberg.com/news/articles/2022-11-17/nigerian-ex-general-takes-on-former-partner-that-won-11-billion-award?utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-africa&utm_campaign=socialflow-organic&utm_content=africa&leadSource=uverify%20wall

Too much money in Nigeria....

Rich fights rich

Some of these old politicians should be imprisoned for a better country to emerge.

Danjuma was part of the P&ID scam right from the start. He brought the crooked British partner to defraud Nigeria. If not for Buhari’s 2015 victory, Jonathan would have paid this money to these crooks. Now we can all see why TY Danjuma is always against Buhari and APC.

Nawah ooo

Danjuma is richer than Aliko