Nigeria Govt Chips Away at Gas Firm's U.S.$9 Billion UK Court Win

Irish firm Process and Development (P&ID), is a gas firm that allegedly procured a contract with the Nigerian government of late President Umaru Yar'Adua, to build gas supply facilities in Cross River State and Calabar. The contract fell through and the firm took the government to a UK court, suing them for U.S.$9 billion - a case that they won and the Nigerian government were ordered to pay U.S.$6 billion. Fraud and corruption charges have since been brought against the firm by the government, which has been granted leave to appeal the UK court decision. The government has also approached the courts in New York to subpoena records from various banking groups and the transactions between them and high ranking Nigerian government officials, including former president Goodluck Jonathan and former oil minister Diezani Alison-Madueke who were in office at the time the deal with P&ID was signed.

 

 

 

 

 

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