Tags P&ID

Tag: P&ID

UK court orders stay of execution, in S9.6bn ruling against Nigeria

The English Commercial and Arbitration has ordered a stay of execution of the $9.6billion damages secured against Nigeria by Process and Industrial Developments (P&ID) pending the determination of an appeal by the Federal Government of Nigeria.

$9.6bn judgment: Belgore may be arraigned in Abuja Court

Meanwhile, the Nigerian delegation has left for the United Kingdom to discuss with its legal team on strategies to deal with the $9.6bn UK judgment against Nigeria.

$9.6b judgment: How P&ID snubbed Nigeria’s $600m offer

A fact-sheet now in circulation has debunked accusations by Messrs Process and Industrial Developments (P&ID) that Nigerian officials were indifferent to their offers to settle, before a UK commercial court gave it a humongous and world record $9.6billion award.

FEC did not approve $9.6bn contract – Aondoakaa

The shady status of the oil contract, whose alleged breach led to the $9.6 billion judgment against the country was further stamped on Thursday.
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