Nigeria gets relieve over P&ID As UK Court Grants FG’s request

Nigeria has secured a landmark victory in its pursuit to overturn a $10 billion judgement awarded against it in a case against Process and Industrial Developments (P&ID). In the judgment delivered on Thursday, Ross Cranston, a judge of the Business and Property Courts of England and Wales, granted Nigeria’s application for an extension of time and relief from sanctions. TheCable understands that the case will either go back to arbitration based on the new evidence or both parties will now settle out of court. “It is not my function at…

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