Tag: Process and Industrial Developments Ltd (P&ID)

Explainer: A UK court hit Nigeria with a $9.6 billion judgment debt, how did the West African country end up in this costly situation?

Nigeria has received a legal hiding after a UK court awarded a private company a US$9.6 billion judgment debt against the West African nation. How did the West African country end up in this costly situation?

UK judge will allow firm to try to seize $9 billion in Nigerian assets in gas dispute, what you need to know

The judge’s decision, issued on Friday, converts the arbitration award to a legal judgement, which would allow P&ID to try to seize international assets.
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