US court of appeal has overturned orders which blocked Nigeria from obtaining documents to support its appeal against a $10 billion judgement awarded against it in a case against Process and Industrial Developments, P&ID.
In 2019, a British court gave P&ID the go-ahead to seize Nigerian assets worth $9 billion over a 2010 contract.
The company claimed it agreed with Nigeria to build a gas processing plant in Calabar, Cross River State, but that the deal collapsed as the Nigerian government did not fulfil its side of the bargain.
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The award, which has been accruing interest since 2013, is now worth $10 billion.
Nigeria had alleged that the gas deal was a scam designed to defraud the country.
Editor: Anoyoyo Ogiagboviogie
