BREAKING: Nigeria can appeal $9.6bn Judgment, UK Court rules

Image result for Nigeria can appeal $9.6bn Judgment, UK Court rulesA United Kingdom court has granted the Federal Government leave to appeal against the award of a judgment asking Process and Industrial Developments Limited to seize $9.6bn in Nigerian assets.

P&ID secured the damages last month against Nigeria following a failed Gas Supply Project Agreement contract between it and the Federal Ministry of Petroleum Resources.


The Attorney-General of the Federation and Minister of Justice, Abubakar Malami confirmed this development in London.

Application for stay of execution is also being considered at the moment.


leave a reply