"This case has, sadly, brought together a combination of examples of what some individuals will do for money," the UK court ruled.
Court document shows that Nigeria was able to establish a strong prima facie case that the 2010 gas project agreement between the government and P&ID"was procured by bribes paid to insiders as part of a larger scheme to defraud Nigeria". The judge added that these officials were"driven by greed and prepared to use corruption; giving no thought to what their enrichment would mean in terms of harm for others."
Then, P&ID successfully sued the Nigerian government for breach of the contract at an arbitration tribunal presided over by Lord Hoffmann, a retired senior English judge. P&ID ultimately won a $6.6 billion award from a panel of arbitrators in London, one of the biggest known payouts to a company from a sovereign state. That bill has risen to $11 billion with interest -- more than Nigeria's 2023 budgets for its health, education, and justice ministries combined.
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