Nigeria: Exclusive - Besides $9 Bn P&ID Ruling, Nigeria Dogged By Other Huge Contractual Judgement Debts

15 October 2019

As Nigeria puts together an appeal against the $9 billion judgement debt in favour of Process and Industrial Development Limited (P&ID), by the United Kingdom Commercial Court, the country is still haunted by other contractual judgements debts against it by local and foreign courts.

Last month, the UK court granted the Nigerian government's application for a stay of execution after it granted P&ID leave to seize $9 billion in assets belonging to the country over a botched gas project in August.

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