There are indications that the federal government of Nigeria could be getting a headway in its plan to dodge the $9 billion.
Two directors of Process and Industrial Development, P&ID, have just pleaded guilty to charges of economic sabotage.
According to The Cable, Muhammad Kuchazi, commercial director of P&ID, British Virgin Islands, and Adamu Usman, a director of the firm in Nigeria, pleaded guilty to 11 counts of economic sabotage and money laundering at a federal high court in Abuja on Thursday.
The suit was filed after a $9 billion judgement was awarded against Nigeria by a British court in August.
More details about the proceedings could come out in coming days.
