P&ID Case: Nigeria gives $200mn guarantee for stay on asset seizures

PUBLISHED: Fri, 29 Nov 2019 12:45:40 GMT


A spokesman for Nigeria’s Attorney General says the Nigerian government on Thursday placed a bank guarantee of 200 million dollars with a high court in London to secure a stay on asset seizures of up to $9 billion related to a failed gas project in an ongoing case with Process & Industrial Developments. Constitutional Lawyer and Rights Advocate, Evans Ufeli joins CNBC Africa to discuss this story.

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