The Presidency has lauded the judgement of a court in the United Kingdom on the case involving the Process and Industrial Developments .
According to the presidential aide, the Presidency welcomes the judgment granting Nigeria’s application for an extension of time and relief from sanctions in the $10 billion arbitration case with the company. “On the arbitration award, it is a source of huge satisfaction that the UK Court, among others, had ruled that: ‘Nigeria has established a strong prima facie case that the Gas Supply and Processing was procured by bribes paid to insiders as part of a larger scheme to defraud Nigeria.
Shehu noted that the Presidency was delighted with the processes that led to the ruling of the English court, stressing that it has given relief to the Nigerian Government to further protect its national assets from criminally minded organisations and individuals.