The Nigerian Government wins judgement in $11 billion suit involving Process & Industrial Developments, P&ID Limited in London court.
Justice Robin Knowles of Business and Property Court in London delivered the judgement in the case between Nigerian Government and P&ID Limited.
The judgement upturns decision of January 31, 2017, London tribunal that asked Nigeria to pay P&ID $6.6 billion as damages, as well as pre-and post-judgment interest at 7%.
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P&ID had dragged the Nigerian Government to court over failed 2010 deal to develop gas processing plant where it secured judgement in its favour in 2017.
(Editor: Terverr Tyav)
