![]() ![]() ![]() The “extensive claims” against P & were “fully documented,” the spokesperson said.īut Mr Wolfson argued that any witnesses for the country would be exposed as frauds. The country didn’t call any witnesses of its own because it wasn’t required to under the court’s rules, a spokesperson said. Witnesses that could help the company were harassed by Nigeria’s security services, P & said. ![]() The witness developed mental health problems days before he was to be deposed online from an “unspecified location”. Two key witnesses absent from the trial were Adam Quinn, the son of P & ’s late co-founder, Michael Quinn and another businessman, who stand to make more than $2 billion and just short of $1 billion respectively if P & succeeds, according to Mr Howard.Īnother witness who could have explained the “eye-watering sums of cash”, Mr Howard said, failed to appear at the last minute. Mr Cahill didn’t respond to an email seeking comment. P & said it was a business transaction unrelated to the case, arguing that Nigeria had failed to prove what Mr Howard called “unabashed evidence” of bribes. In the witness box for a week, P & ’s surviving founder, Mr Cahill, described sending $250,000 in cash from Ireland to an official in Nigeria. “Nigeria have been liberal in their mudslinging and parsimonious with the truth throughout this trial,” a spokesperson for the fund said. Hedge fund VR Capital Group Ltd, two lawyers in the UK, P & ’s founder and two missing witnesses are among those who stand to gain billions of dollars if P & wins and is paid out in full. A resulting arbitration led to a $6.6 billion award for P & that has now swelled to more than $11 billion with interest. The trial stems from a failed 2010 gas deal between Nigeria and P &, a British Virgin Islands-registered firm founded by two Irish businessmen: Michael Quinn, who died in 2015, and Brendan Carroll. Lawyers for both sides traded allegations of bribery, duplicity and incompetence in the eight-week trial – a judgment isn’t expected for at least several weeks.Īn adverse ruling for Nigeria could hit the country’s already-stretched finances, make borrowing costlier and override policy priorities for the new president, who was elected last month. Customer Service Get in touch with our Customer Service for further enquiries about our services. Can't find what you're looking for Contact us with one of these options. Its punctual delivery times have set the bar high for other logistics companies in the industry. For over 40 years, FedEx has been a reliable provider of shipping services both domestically and internationally. Allegations of six-figure bribes, shady middlemen and fabricated evidence featured in the $11 billion (€10.3 billion) UK trial ending this week that could cost Nigeria a third of its foreign reserves.Īfrica’s biggest economy wants the UK high court to strike down the huge arbitration award in favour of hedge fund-backed Process & Industrial Development Ltd (P & ) as soon as possible. How do I get an estimated delivery time for my package To get an estimated delivery time for a specific package, use our Rates & Transit Time Tool. The end of the day for FedEx usually falls at 5:00 PM or closing time for commercial customers, and 8:00 PM for residential customers. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |