The Federal Government of Nigeria has won the legal case against Process & Industrial Developments (P&ID) Limited in a London court on Monday. The judgment was delivered after five years of legal frameworks which have finally been to the advantage of Nigeria, as the court squashed the $11 billion arbitration award in favour of P&ID. In a ruling delivered by e-mail, Robin Knowles, the Justice of the Commercial Courts of England and Wales, upheld Nigeria’s prayer on the ground that the ill-fated gas processing contract was obtained by fraud. -Vanguard
Read MoreJUST IN: NIGERIA WINS P&ID CASE IN UK COURT
