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Nigeria: How Govt Got Hit With a $9.6 Billion Judgment Debt in London
The Conversation Africa, 10 September 2019
Nigeria has received a legal hiding after a UK court awarded a private company a US$9.6 billion judgment debt against the West African nation. The ruling has generated significant… Read more »
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Nigeria: $9.6bn UK Judgement - Due Diligence Followed in Case Defence - Govt
Leadership, 30 August 2019
The federal government said that contrary to claims in certain quarters, it diligently defended the case leading to the award of $9.6 billion judgement debt against Nigeria by a… Read more »
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Nigeria: $9.6bn Judgment - Buhari Orders EFCC, NIA to Probe 2010 Contract
Daily Trust, 28 August 2019
President Muhammadu Buhari has ordered the Economic and Financial Crimes Commission, the National Intelligence Agency and the police to probe the 20-year Gas Supply Processing… Read more »
Nigeria Fights To Keep Assets From Seizure in Gas Project Row
The Nigerian government will open an investigation after a UK court paved the way for a private firm to seize more than U.S.$9 billion in government assets over a failed gas deal. Process and Industrial Developments Ltd had sued the Nigerian government for breaching the agreement by failing to provide the gas or install the promised pipelines in Calabar.
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Nigeria: Suffering Ahead If Govt Pays $9bn Fine in Failed Gas Project - Minister
Premium Times, 27 August 2019
The recent ruling by a UK court asking Nigeria to pay a hefty N3.2 trillion to a British company, or have its asset seized, will have profund implication for all Nigerians if… Read more »
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Nigeria: $9bn UK Judgement - Govt Goes On Appeal, Seeks Stay of Execution
Leadership, 28 August 2019
The federal government yesterday has moved for a stay of execution of the judgement debt of $9.6billion (N3.5trillion) delivered on August 16, 2019, by the United Kingdom (UK)… Read more »
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Nigeria: U.S.$9.6bn - We'll Seize Nigeria's Assets in UK - P&ID
Vanguard, 26 August 2019
Process and Industrial Developments Ltd (P&ID) has said that it would seize Nigeria's assets in the United Kingdom, UK, to enforce the order of a British court against Nigeria. Read more »
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Nigeria: $9bn Judgement Against Nigeria - to Pay or Not to Pay
Daily Trust, 28 August 2019
President Muhammadu Buhari's second term tenure as President is taking off on what seems a small crisis but capable really of reversing all if any economic gains he may have… Read more »
InFocus
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A UK commercial court has affirmed the ruling of a London arbitration tribunal which in January 2017, awarded U.S.$6.6 billion judgement debt against the government over the ... Read more »
