Home / Naija Gist / Metro life / P&ID: Again, UK Court quashes $11bn damages bill against Nigeria
court

P&ID: Again, UK Court quashes $11bn damages bill against Nigeria

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 Reuters, 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, so terminating the case because the company is unable to request authorization from the Court of Appeal.

About Lolade

Viral Video

Support Ooduarere

SUPPORT OODUARERE
Scan QR code below to Donate Bitcoin to Ooduarere
Bitcoin address:
1FN2hvx5tGG7PisyzzDoypdX37TeWa9uwb
x

Check Also

Scholarship

Russia offers 220 Nigerians scholarships

In an effort to improve international educational links, the Russian government has announced a major project to offer 500,000 scholarships to international students, including Nigerians. Andrey Podelyshev, the Russian ambassador to Nigeria, announced this development at a press conference in Abuja, stressing Russia’s updated plan to strengthen diplomatic and educational ties with Africa. Supported by Russian President Vladimir Putin, the scholarship program seeks to boost the country’s foreign student population. He pointed out that only about 2,000 students from Nigeria ...