News

Nigeria Emerges Victorious In $11bn P&ID Case In UK Court

The Federal Government of Nigeria has won the massive legal case against Process & Industrial Developments (P&ID) Limited in a London court on Monday.

In a ruling delivered via e-mail, Robin Knowles, the Justice of the Commercial Courts of England and Wales, upheld Nigeria’s prayer on the ground that the ill-fated gas processing contract was obtained by fraud.

The Business and Property Court in London delivered the judgment in a case between the Federal Government of Nigeria and Process & Industrial Developments (P&ID) Limited.

This ruling came after the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, urged the bid winners for the Nigerian Gas Flare Commercialisation Programme (NGFCP), to hasten site development.

Details later…

Leave a comment