Nigeria Urged to Take Legal Action Against Individuals Connected to Unsuccessful P&ID Scheme

Justice Robin Knowles, the judge of the Commercial Court of England & Wales, recently made a groundbreaking decision that prevented Nigeria from falling prey to a massive financial scam worth a staggering $11 billion (equivalent to approximately N13 trillion) – almost half of the country’s projected budget for 2024. This ruling proved to be a lifeline for both the renowned P&ID company and their Nigerian counterparts, as it ensured the protection of their substantial assets in Europe and America, which would have otherwise been at risk of confiscation by unscrupulous individuals. The swift action taken by the honorable judge served as a crucial safeguard against this astonishing scheme, averting dire consequences for the Central Bank of Nigeria (CBN) and preserving the financial stability of the nation.