Presidency Lauds UK Court Judgement on P&ID Feud
The Presidency has lauded the judgment by the United Kingdom court granting Nigeria’s application for an extension of time and relief from sanctions in a $10bn suit with Process and Industrious Development Limited (P&ID) has provided sufficient grounds for the Nigerian Government to proceed and challenge the frauds perpetrated by the company and overturn the arbitration award.
This was disclosed by Garba Shehu, Senior Special Assistant to the President on Media and Publicity on Friday in a communique titled, ‘Presidency welcomes judgment by UK court on P&ID.’
Shehu expressed the Presidents delight at the judgment, describing it as “right, just and provides a strong prima facie case that the fraudulent gas deal with P&ID and the subsequent judgment debt of $10bn against Ni...