Nigeria Govt Coughs Up £250,000, Pays UK Gas Firm
The Nigerian government's alleged breach of a gas supply and processing agreement with UK firm, Process and Industrial Developments Ltd (P&ID) and a commercial court ruling in the company's favour, saw a judgement of over U.S.$9 billion that the government had to pay the firm for doing nothing. Thus far, the Nigerian government has paid £250,000 to them as per the court order of September 26.
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. ... Read more »
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 »
Two representatives of a UK company have pleaded guilty to charges of fraud and tax evasion levelled against them by the government in respect of the failed contract that led to a ... Read more »
A key legal argument used by British firm P&ID Limited in securing a claim of U.S.$9.6 billion against Nigeria, was allegedly provided by former Chief Justice of Nigeria, Alfa ... Read more »
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