Friday, August 16, 2019

British Court Gives Process And Industrial Development Limited Go-ahead To Seize Nigerian Assets Worth $9bn

 

    A British court has given Process and Industrial Development Limited (P&ID) the go-ahead to seize Nigerian assets worth $9 billion.

  P&ID got a judgement in its favour in London on Friday. The case in contention is a 2010 deal agreement to build a gas processing plant in Calabar which collapsed because Nigeria did not meet its end of the bargain.

THE CABLE

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