$11bn Judgement: London Court Denies P&ID’s Appeal

A London court has quashed an $11bn damage bill against Nigeria lodged by Process & Industrial Developments Limited Gas Company.

The bill charge was brought against Nigeria for a collapsed gas processing project in Cross River, Nigeria.

According to Reports, the court ruled that the gas processing project was procured with a bribe paid to Nigerian oil ministry officials.

In the judgment, Judge Robin Knowles pointed out that P&ID did not disclose the bribery when it proceeded to arbitration against Nigeria.

In a subsequent judgment issued on Thursday, he therefore declared that the damages should be nullified without delay, dismissing P&ID’s claim to return the case to arbitration.

Additionally, the court denied P&ID’s request for permission to appeal, thus terminating the case because the company is unable to request authorization from the Court of Appeal.

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Comfort Samuel

I work with TV360 Nigeria, as a broadcast journalist, producer and reporter. I'm so passionate on what I do.

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