logo

Videos

UK court to lay down final verdict on $9.6bn P&ID case for Nigeria

PUBLISHED: Thu, 26 Sep 2019 12:36:15 GMT

A U.K court will today announce its ruling on the case of a failed gas project between Nigeria and Process and Industrial Development (P&ID). A ruling in favour of P&ID could empower the company to seize Nigerian foreign assets to the tune of $9.6 billion. To discuss what the implication of such verdict could mean for Nigeria’s economy are Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry and Kayode Akindele , Partner at TIA Capital both join CNBC Africa for more.


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.