• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      January 15, 2021

      Finance

      Cautious equities trading see gains in Flour Mills, Mobil, Wapco push market cap to ₦21.09trn

      January 15, 2021

      Finance

      CBN issues guidelines for QR codes operation in Nigeria

      January 15, 2021

      Finance

      Global Equities: Positive sentiment buoys global markets’ performance on vaccine rollout, Biden confirmation

      January 13, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      WORLD BUSINESS & ECONOMY

      Only 20% of UK financial services professionals believe firms possess ethical commitment

      21 hrs

      Frontpage

      Moody’s sees negative 2021 outlook for sub-Saharan Africa, with severe economic challenges

      January 15, 2021

      Commodities

      Metals make sluggish gains on LME, SHFE, as investors anticipate US stimulus

      January 15, 2021

      WORLD BUSINESS & ECONOMY

      Smart home market profits to reach $176bn in 2025, rising by 127%  

      January 15, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Frontpage

      NNPC moves to rehabilitate downstream infrastructure, openscontract bids

      January 15, 2021

      Companies

      Ardova enters acquisition talks with Enyo as part of expansion drive  

      January 15, 2021

      Oil and Gas

      NNPC reaffirms commitment to OPEC+ agreement   

      January 15, 2021

      Imo

      FIRST E&P faces CSR headwinds in Bayelsacommunities, ahead OMLs 83, 85 production start

      January 15, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      Data privacy maturity model in organisations

      January 11, 2021

      Analyst Insight

      Stocks set for more record highs

      January 11, 2021

      Analyst Insight

      2021: Time for Nigeria to move into higher gear?

      January 11, 2021

      Analyst Insight

      The trouble with commissions

      January 5, 2021

Frontpage

FG to prosecute those linked with $9bn UK judgment

August 22, 2019355 views0 comments

The federal government will prosecute everyone linked with the contract that resulted in the judgment of the United Kingdom, Business & Property Courts (the Commercial Court) which awarded a cumulative sum of $9bn award against Nigeria and in favour of a private firm, Process & Industrial Developments Limited, Abubakar Malami, minister of justice and attorney general of the federation (AGF), has said.

Malami, who questioned the sincerity of those behind the contract awarded in 2010, argued that it formed part of the inglorious legacies of past administrations, which this government is being made to grapple with.

He spoke in Abuja on Thursday, while unveiling his agenda on his first day of resumption at the Federal Ministry of Justice.

He said henceforth, contract of certain categories will be vetted by the Federal Ministry of Justice before it is signed by any Federal Government agency.

Malami, also expressed worry about the impact of public corruption and the connivance of financial institutions in the thriving crime of illicit finance flow out of the country.

He said henceforth, financial institutions, linked with financial crimes, will be prosecuted along with the culprits.

Share on Facebook Tweet Email
TagsAGF FG to prosecute Malami $9bn UK judgment
PreviousIMF seeks to remove age limit for managing director position
NextConsumers to resist planned 2020 hike in Nigeria electricity tariff

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Only 20% of UK financial services professionals believe firms possess ethical commitment
  • Nigeria’s railway e-ticketing platform launch set for next week
  • Stringent regulations, business environment forced Stanbic IBTC out of BDC business
  • Copper faces downturn in H2 of 2021, analysts predict
  • NNPC moves to rehabilitate downstream infrastructure, openscontract bids

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Gains in MTN, DanSugar, FBN Holdings edge equities higher to give investors N28.8bn

Frontpage September 22, 2020

1
2

Nigerian stocks sustain losses as NSEASI declines 0.30%

Frontpage July 26, 2018

3

FMDQ sees positive outlook for Nigerian debt capital markets in 2018

Frontpage January 30, 2018

4

Boko Haram, herdsmen undermining agric sector, says World Bank

Frontpage January 3, 2020

5

Nigerian insurer, Ensure, in buyout deal with Germany’s Allianz in African push

Frontpage August 30, 2017

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.