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P&ID: Buhari reacts as UK court grants Nigeria permission to challenge $9.6bn fine - Daily Post Nigeria

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P&ID: Buhari reacts as UK court grants Nigeria permission to challenge $9.6bn fine

of time and relief from sanctions in a $10 billion arbitration case with Process and Industrious Development Limited in Nigeria.

The statement also said the judgement provides a strong evidence that the fraudulent gas deal with P&ID and the subsequent judgment debt of $10 billion against Nigeria was a clear attempt by the company to cheat the country. ‘‘Nigeria has established a strong evidential case that the Gas Supply and Processing was secured by bribes paid to insiders as part of a larger means to defraud Nigeria.

“However, this has given relief to the Nigerian government to further protect our national assets from criminally-minded organisations and individuals.

 

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