Understanding arbitration in Nigeria as it risks loss of $9bn assets to UK firm

PUBLISHED: Tue, 19 Mar 2019 09:01:25 GMT


Nigeria risks losing 9 billion dollars’ worth of assets in the UK to British firm; British firm, Process and Industrial Developments Limited over a dispute arising from gas supply and processing agreements the country entered into in 2010. Joseph Onele, Lawyer and Dispute Resolution specialist at Bloomfield Law Practice joins CNBC Africa to discuss this and outlook for arbitration in Nigeria this year

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