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.