Nigeria received a great relief Monday as a UK court set the country from its entanglement in an $11bn Judgement debt earlier awarded in favour of Process & Industrial Developments (P&ID) Limited.
In a judgement delivered by Justice Robin Knowles of the Commercial Courts of England and Wales,,in the case between the Federal Government of Nigeria and Process & Industrial Developments (P&ID) Limited, the court upheld Nigeria’s prayer that the gas processing contract was obtained by fraud.
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