BVI company P&ID said it spent $40mil to build gas plant in Nigeria but deal fell through, in 2012 British court authorized P&ID to seize $9.6billion of Nigeria’s foreign assets for loss of presumed profits, now Nigeria says P&ID got deal w/$390k in bribes
occrp.org/en/investigati…
occrp.org/en/investigati…
I can't get over that a court authorized BVI co Process and Industrial Developments/P&ID to seize $9.6 BILLION of Nigeria's assets based on:
"the loss of two decades of presumed profits plus $1.2 million per day in interest since the project went bust"
occrp.org/en/investigati…
"the loss of two decades of presumed profits plus $1.2 million per day in interest since the project went bust"
occrp.org/en/investigati…
Private BVI company P&ID invested $40 million and then
"the British court authorized P&ID to seize more than $9.6 billion of Nigeria’s foreign assets — more than the West African country’s annual health and education budgets combined." !!!!
occrp.org/en/investigati…
"the British court authorized P&ID to seize more than $9.6 billion of Nigeria’s foreign assets — more than the West African country’s annual health and education budgets combined." !!!!
occrp.org/en/investigati…
Process and Industrial Developments was founded by Irish investors Michael Quinn and Brendan Cahill
After court authorized it to seize $9.6 billion from Nigeria, P&ID was acquired by Lismore Capital Ltd (Cayman Islands) and VR Advisory Services Ltd (UK)
occrp.org/en/investigati…
After court authorized it to seize $9.6 billion from Nigeria, P&ID was acquired by Lismore Capital Ltd (Cayman Islands) and VR Advisory Services Ltd (UK)
occrp.org/en/investigati…
It's not yet known who owns Lismore Capital, but VR Advisory Services Ltd which reportedly bought 25% of P&ID is managed by Richard Deitz
Deitz was a co-founder of Russia's Renaissance Capital with Bob Foresman, who was featured in the Mueller report
bloombergquint.com/businessweek/a…
Deitz was a co-founder of Russia's Renaissance Capital with Bob Foresman, who was featured in the Mueller report
bloombergquint.com/businessweek/a…
Deitz and Foresman were reportedly involved in the Russian govt bid to have state-run Rosneft take over Yukos from Mikhail Khodorkovsky
Deitz and Foresman were part of a 2019 lawsuit in the UK related to Yukos which they won
akingump.com/a/web/109680/Y…
ft.com/content/65f5b8…
Deitz and Foresman were part of a 2019 lawsuit in the UK related to Yukos which they won
akingump.com/a/web/109680/Y…
ft.com/content/65f5b8…
Process & Industrial Development (P&ID), founded by two Irish men, Brendan Cahill and late former showbands manager, Mick Quinn.
Quinn was once charged in Nigeria with allegedly being part of a Russian spy ring, although those charges were later dropped
Quinn was once charged in Nigeria with allegedly being part of a Russian spy ring, although those charges were later dropped
