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.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article