Tag: foreign assets

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

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.