A court in London, United Kingdom, has given Nigeria the go ahead to appeal a $10bn judgment debt against Process and Industrial Developments (P&ID). The fine was earlier slammed on the Nigerian Government by a court in London as compensation for P&ID over a failed deal on gas supply. In the latest ruling, the judge, Sir Ross Cranston, found that: “Nigeria has established a strong prima facie case that the GSPA was procured by bribes paid to insiders as part of a larger scheme to defraud Nigeria. “There is also a…
Read MoreJudgment Debt: Nigeria floors P&ID as UK court grants relief from $10bn fine
